The chart for this stock says it all.

The company is quickly becoming a real gem in the telematics field, over the last month the co. has announced re-seller contracts which will bring in min. 2m or >30% of last years T/O alone.

The company is already experiencing massive organic growth so the co. should be profitable now following last years 500k loss.

The co. has approx. 6m cash and is in one of the hottest growth areas at the moment.

With a market cap. of 25m this will be re-rated x2/3 minimum within the next 6-12 months IMHO.

MM buys went through on Friday with T/O continuing to build, one to put on your monitor...

nematode,

If you are suggesting that I am the person that wrote that on advfn then sadly you are wrong. I wish I was him/her they say they own 17million shares and claim to be involved in CyBIT. Who knows they might be.

My "information" comes from a friend who works in the telematics industry (NOT CyBIT). I wish I could tell you all I know but I can't. You're right I probably shouldn't have said anything about things I can't prove and I can only prove it by releasing names of contracts. I'm sorry I was naive, meant no harm. I just wanted to say we have nothing to worry about.

To nematode, little woman and everyone else:
_
One thing to think about. What do you think the chances are of CyBIT being taken over during the first half of 2004???? I would particularly like to hear little woman's views on this as she is both trusted and respected.

Cybit reports 79 per cent increase in turnover for six months ended 30 September 2003; Further developments to Fleetstar-Online and cybitfleet.com technology solutions; Strong growth in indirect business through major partnerships and new reseller initiative


Published in M2 PressWIRE on Thursday, 4 December 2003 at 15:33 GMT



Cybit has confirmed its position as the UK's fastest growing provider of fleet management and telematics solutions with the announcement of its interim results for the six months ended 30 September 2003. During its first six months trading Cybit achieved a 79 per cent increase in turnover over the same period last year, generating a profit and building a strong financial base for the company's continued growth - both organically and through potential acquisitions.

Cybit now has around 450 customers in the UK and supports more than 8,000 fixed and mobile assets with its Fleetstar-Online and cybitfleet.com solutions. The company's volume of business has doubled since the same period last year, with the Internet-based Fleetstar-Online service, in particular, generating substantial revenues for Cybit. With increasing cost reductions now available to customers, the last six months have seen an increasing number of large fleets adopting Cybit technology, and the average number of vehicles implemented per customer growing from eight in 2002 to 24 by the end of September 2003.

"During the first six months of our financial year we've made strong progress, growing business volumes, launching major upgrades to our Fleetstar-Online and cybitfleet.com solutions, and significantly developing our indirect channel and reseller business," commented Richard Horsman, Cybit's CEO. "We've also succeeded in growing our business profitably despite challenging market conditions - and that's largely due to the market's positive response to the improved ROI and competitive advantage that can result from the continued evolution of our telematics technology platforms. Another key development has been the growth in the non-hardware side of our business, with key consultancy contracts from organisations such as AWG, fountains and Ryder, and we'll be looking to build on this growth during the second half of our financial year."

Growth in indirect business Cybit has also increased its focus on the development of new channels to market that will allow the company to accelerate growth and increase market share. The existing partnerships with Lex Vehicle Leasing and Norwich Union have continued to evolve, and the company's initial success with Lex has resulted in a new three year agreement which includes the proposed integration of Cybit's Fleetstar-Online technology into Lex's Interactive Fleet Manager offering. Cybit has also signed a major agreement with one of its key customers, brs Truck Rental, and is now developing a 'white label' version of the Fleetstar-Online solution as an integral element of a brs-branded telematics solution. This integrated solution will be offered as a premium service to both new and existing brs customers.

Cybit has also launched a major drive to recruit telematics and fleet management solutions resellers. Significant reseller contracts have been signed with Vanguard Plc and Signature Industries together with agreements with a number of smaller specialist companies.

Market's most scalable telematics solution In addition to integration with SmartNav off-board satellite navigation, Fleetstar-Online has now been further enhanced to support RAC Trackstar stolen vehicle tracking. The Internet-based solution has also received a number of performance and reporting enhancements, helping to confirm the Fleetstar-Online platform as one of the most scalable solutions of its type available in the market today. In addition, the cybitfleet.com platform has been upgraded with a new reporting suite based on similar capabilities offered with Fleetstar-Online. Cybit has also enhanced the General Packet Radio Service (GPRS) solution within cybitfleet to include two-way messaging. Interest in the GPRS offering is increasing as it allows for the development of cost-effective, real-time tracking applications and the transmission of volume data between vehicle and base over the GSM network.

About Cybit

Cybit is the UK's fastest growing provider of telematics and fleet management solutions and, through its distinctive open-platform approach, delivers a full range of Internet-based software and support services to mobile workforces. Key users of Cybit's offering include service engineers, commercial vehicle operators, rental fleet operators and users, mobile office workers and local authorities. The Cybit product suite is the first in the market to combine a range high-technology telematics devices and Internet-based fleet management software with personalised service 24/7.

This enables Cybit operators to obtain data and deliver services or assistance via wireless networks for safety critical events, accident or breakdown, as well as providing support if a vehicle is stolen, or a driver is late or lost. Cybit is also the first company to combine these high technology solutions with a car pooling service to address vehicle congestion and optimise resources.

Thanks for the compliment chrissie. Excellent article nematode.

I can see the directors (with their huge share options) & the larger shareholders (some investment companies) recommending a take over in time. The feeling I get from these two groups are they have plans for the company - whether thats to get it big enough to list on the main FTSE instead of AIM market or as a take over targtet, I don't think they care as long as it's one or the other!

Personally I don't like takeovers. Shareholders are the ones who always come out worse. Yes in the short term you can make a lot of money - but long term you lose all the future benefits and the company doing the takeover usually comes off worse. The only winners are the advisors!

Any guesses for yet another drop today?

mm's not stupid,flushing out the last of the t+10's from prior the results.Excellent move on their part.

mornin all how acurate 'trades list' I just bought 33000 they listed as sell!!! ah well hope they go UP now D.

Douggie,

with regard to the trades list - as trades are not denoted as either a buy or sell by the market, we have to assign them judged on what they are likely to be due to the price the deal goes through at - please refer to the disclaimer at the bottom of the trades page for further information.

Regards

Ian

Ian. thanks for respons and info. D.

p.s.scared, me went rushing back check I hadn,t sold by mistake,phew hadn,t so alls well, Im better informed. D.

last of the T10s??

Who or what are the T10s?

I havnt got the foggyist , dont know what i was thinking or typing but i looks good!!!!!!!!!!!!!!!!

Have a good weekend all and fingersx for this beaut next week.
G12

've had my fingersx for so long they've gone blue :o(

disapointing lot of sells, I probably trigered it by buying more at 3p! :-( keeping a stock in red seems to be my trademark, ah well it will all come right in the end, must keep our hopes up , nowt else is working at mo. see ya monday

Guys
Watching this share by the minute will drive you crazy have a couple of weeks off and then have a look i bought another 100000 today 2.85 they went thro as a sell these trade pages are pretty useless there just a guide , but with level 2 and different brokers and limit orders you can buy at the sell price

SO guys
the story is this firm is going places good management good product which is in demand , inst,s in at 3p directors in also Rome was not made in a day but if you want to make money top up at 3p mark and sit back and let the boys at the firm do their thing

I agree with biffa

Aswell as T10s leaving the share today, there has been a lot of profit taking. Lots of people have been in this stock from sub 1p. I wish like everyone else that I'd sold at 04.02p and bought back today. But this is a dangerous share to be out of, because the next contract win could send the shareprice rapidly northbound. And what's the point in leaving this share only to put it into another one and lose money.

Telematics is the future and we are in at the bottom. Institutions do not invest 5 million into an AIM company that is not yet in profit without doing a lot of research and feeling pretty sure that they will be making a quick profit, and don't forget the placing was oversubscribed.

When I first invested into CYH I thought I would have been well in profit by now (was 2k up and now over 2k down) but I am happy with my holding and would rather be in this share than any other because I know that next year my profits will be huge.

Good point chrissie,
still holding myself no intentions either to sell, would be a waist of time. small profit & i'll buy back in again, hold stock this will go north 100% guarantee, this one is my holiday money for aug... regards

big one with this is to buy whilst price drifts lower...

from another bb,

Time will tell?

If its serious money your after then you will have to invest for more than a couple of days or weeks.

Come back after march & judge me then. Like you I have my own way of investing and will not be swayed by anyone.

Doom & gloom sets in as soon as the price drops, so what! walk away and come back in a month or two unless you are daytraders. I do not post everyday because I have better things to do.

Met p, dhl, awg, fountains, brs, mod, local councils, watch this space.
The biggest clue was in the results?

Also look at the potential out there, massive. Thats why I am in it to win it.
I also know that one very well respected investor is on board long term.

catch ya some time next week.

Have a good weekend.