CURRENT PRICE 2.00-3.00 PENCE
TRADES OVER 60,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.

"QuikTrak will serve the community by providing secure, reliable and flexible tracking and messaging services"

http://www.quiktrak.co.uk

Substantial Share holdings updated on 14 June 2004.

Chris Kyriakou 19,241,056 (updated on 9 July 2004)
(including interest held through Investika
Ltd)
Guido van Alphen 671,989 (updated on 9 July 2004)
Charles de Chezelles 1,000,000 (updated on 9 July 2004)
Brian Parritt 682,825 (updated on 9 July 2004)
John Scott 998,334 (updated on 9 July 2004)
Damelian Automobile Limited 5,935,483
HSBC Global Custody Nominee (UK) 4,373,333
Productive Nominees Limited 3,348,400
Westpac Custodians Nominee 2,857,162
Philip Securities (UK) Nominees 2,630,084
SST Partners Pty Limited 1,865,437
________________________________________________________________________________
INTERIM RESULTS

QuikTrak Networks PLC
20 September 2004

QuikTrak Networks Plc

Interim Results

For the six month period ended 30 June 2004

The first six months of this financial year have presented the Company with some
major challenges.

Following the commercialisation of the M25 Network in late 2003, the Company
found that the market demand for a network limited to within the M25 was
incompatible with the operating costs being incurred, in particular the level of
spectrum fees being paid, which were for a national UK telecommunications
licence. Given the intense competition in the sector and the variety of
technologies on offer, it is now clear that a fundamental component of a
successful business plan is the ability to offer UK national coverage. The
establishment of such a network for QuikTrak would require a significant amount
of capital and we have to date not been successful in securing these funds,
despite sustained efforts.

Following a review of the costs incurred in operating the M25 Network, the Board
resolved it was not in shareholders' interests to continue to do so. As a
result, the Company's wholly-owned subsidiary, QuikTrak Telecommunications (UK)
Ltd (QTT), was placed into administration on 23 August 2004. The ability of
QuikTrak Networks plc to pursue its broader objectives is not impacted by this
decision.

During the six month period, the Company generated revenue of 157,002 (2003 :
26,025). The loss for the period was 2,589,940, which includes writing off
the value of the net assets in QTT to nil (2003 : loss of 1,471,848).
Included in the consolidated balance sheet at 30 June 2004 are assets of QTT
amounting to 1,142,642, offset by liabilities of QTT of the same amount.

The Company has refocused its operations in order to enable it to exploit the
Intellectual Property Rights of the technology and its unique software in
Europe, the Middle East and the countries of the former USSR through network
sales and licensing arrangements. In order to be able to demonstrate the
technology, the Company has negotiated the right to use a QuikTrak network
currently operating in Australia, at a substantially lower cost than the
operating costs of the M25 network.

In July 2004, the Company raised new equity of 800,202 (net of costs) to
finance this revised strategy.

Progress continues to be made in selling a licence agreement to a prospective
operator in the United Arab Emirates. This is the first example of QuikTrak
utilising the Intellectual Property ownership of its system and is intended to
act as a blueprint for all future licensing deals in Europe, the Middle East and
the countries of the former USSR. Licensing deals are expected to provide a
revenue stream through consultancy fees for preliminary investigations,
technical planning, acquisition of base-stations and software, as well as
through monthly technology, licence and technical support fees per base-station
and transponder deployed.

QuikTrak's secure, accurate and reliable tracking technology has been well
received by the market for a wide range of applications and I remain confident
that with our new approach based on licensing and partnerships we have a solid
base for re-building shareholder value.

Chris Kyriakou
Chairman
QuikTrak Networks plc

For further information contact:
Annie Richards QuikTrak Networks Plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400

SueHelen

thanks for the up-date & congrats on the degree

Tokyo

Sue - Firstly, congratulations on your graduation.

As for QTR, I'm not totally convinced by your attempts to convince us that yesterday's fall was a good thing!

The real fall was only 10% with the bid price dropping to 1.5 from 2.0 pence.

The way I see it, is that anyone buying at around 2.5p now books an instant loss of 40%(2.5p to 1.5p) rather than an instant loss of 25%(2.5p to 2p) before.

Inspired by your relentless enthusiasm, I've had a look at the recent final results and they are dreadful.
Are you aware that the recent placing is smaller than their short term creditors?
Last year's turnover was 49k against admin of over 4mln!!
Ignoring capex, last year's net operating cash outflow was 3.5mln.

This looks destined for the receivers, unless one of the directors has a magic wand.

Good luck but there have got to be safer places to put your money...

Rgds
dell

Hi there, I have already stated that all the bad news is priced in, and most of their latest contract wins and licences and encouraging activities were not included in the results. With regards to the spread the price does move in increments of 0.5 pence, it is the same if the price is going up the offer price can get to 3.0 pence on one tick. QTR has changed its business model to drastically reduce operating costs and maximise opportunities for its patented technology. Selling licences to utilise their technology rather than operating a network themselves gives them a much better chance of success by cutting operating costs to a fraction of what they were.
The revised business model could work very well for them. Focus on the technology and let others invest in the applications. Incidentally, Level 2(courtesy of MONEYAM) is strong again at 3 v 1.

Thankyou very much indeed for the congratulations Tokyo and dell314.

Well done on degree-keep bating

ep

Thanks ep.

12 million Broker trade reported at 1.52 pence. That'll be City Equtities who have given the market makers the stock they were unable to sell at the same price they received the stock at. This follows on from my post yesterday why the bid price was moved down to 1.5 pence. Level 2 unchanged at 3 v 1.

Sue - congrats (belated)

Agree your analysis of the "headline" figure on price, but do please be careful. This is not a one-way street. ;-))

Thank you very much BigAl, I do understand and I am aware of the risks.

xxx.

SueHelen - 08 Jul'04 - 15:58 - 59 of 61

12 million Broker trade reported at 1.52 pence. That'll be City Equtities who have given the market makers the stock they were unable to sell at the same price they received the stock at.


Sue,

If you are correct about this, I would suggest you have a serious problem, as MMs are extremely unlikely to shift 12mln at current trade volumes.
Could be another nasty drop on the cards....

Rgds
dell

Kool!

;-)

As I stated in my previous posts the directors have increased their holdings by taking part in the fundraising.

RNS Number:6761A
QuikTrak Networks PLC
09 July 2004

London,
9 July 2004


DIRECTORS SHAREHOLDINGS

Pursuant to the Placing announced on 6 July, the directors of QuikTrak Networks
plc have subscribed for new ordinary shares in the Company at 1.5p per share
and, following the subscription, are interested in ordinary shares in the
Company as set out in the table below.


Director Number of ordinary Interest in Percentage of
shares subscribed ordinary shares issued ordinary
in the Placing following the share capital
Placing (following the
Placing)

Chris Kyriakou 10,000,000 19,241,056 16.6%
(including interest held through Investika
Ltd)
Guido van Alphen 666,667 671,989 0.6%
Charles de Chezelles 666,667 1,000,000 0.9%
Brian Parritt 466,667 682,825 0.6%
John Scott 666,667 998,334 0.9%


Chris Kyriakou
Chairman

For further information contact:


Annie Richards QuikTrak Networks plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400


The Directors of QuikTrak Networks plc accept responsibility for this
announcement.


This information is provided by RNS
The company news service from the London Stock Exchange
END

RDSUUURPMUPCGGB

Sue, great work.... This will deliver. it may take a little while but it will based on the recent news.

Sue - Apart from Chris K, who is already in up to his neck, no director has put more than 10k of new money in.

Incidentally, if you want to keep a check on the shareprice of Quiktrak Networks in Australia(the original parent company), use this link:

http://www.asx.com.au/asx/markets/EquitySearchResults.jsp?method=get&template=F1001&ASXCodes=qtk

No need to check it too often though, as the company was placed in administration on 11th May 2004.

Seriously, have a look at the AR for the Australian company, as they were more established, with a much larger turnover, but were still making huge losses, ending in administration.

Rgds
dell

Only buying reported again today, all buys including 4 * 100K buys. EVO (Market Maker) has 12 million shares to shift. 11.5 million to go. If they can't reduce them quickly then the will kickstart a rally to sell the stock. There is hardly any scope for dropping the price anymore, otherwise the market maker would be selling the stock accumalated at a loss.

Re: only the Chairman buying a significant quantity. That's still good enough.

Sue: How do u know MM tactics? Do u recommend a book for me to read? So you are saying the price will go up because MM want to get rid off stock.

Hi Xmortal, I have just seen it happening before in plenty of stocks. Simple logic. To add, in QTR there are just no sellers as well, there were none at 2 pence and even higher and even at 1.5 pence today.

For today :

BUYS came to about 532,000 shares
SELLS came to 0.

Level 2 closed at 3 v 1, other 3 market makers are supporting the 1.50 pence bid price.

Thanks but how did u know that EVO had so much stock?? Maybe you can explain this theories further in any threads you create as not all of us are as well conversant with trading tactics. As always your help is much appreciated. e.g. I graduated from Manchester University, great student life I had.

Hi Xmortal, it only applies to this stock and in particular the 12 million Broker trade on Thursday. Hence this bit of activity was unmentionable before Thursday. With regards to how I know it is EVO who took that stock, courtersy of Level 2 information, all the other 3 market makers have been sat on the same quotes of 1.50-3.50 pence all week, whereas EVO have moved their offer to the current price of 2.00 pence to buy.

Sue Helen

saw you were holding until it reached your target price, if all goes well, What do you feel is a reasonable target price for these shares medium term (6 months - 1 year) nothing you should be held to of course, just from your research and gut feeling what price did you come up with?
very interestec to know as these shares are very obviously going to be held in my portfolio for quite a while.

looking forward to seeing what you came up with

thanks

Tokyo

Oh I couldn't resist it. Bought a very small amount 500 squid for 1.94. Will tuck these away and forget about them for a while.