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...

blakester

We have no worries! Why does the price keep going down? Well to be honest I'm not sure. There are a lot of retail investors in this stock from .005p I do think that the MMs are trying to squeeze out the last sellers, but who would sell now? The only reason to sell now would be if you really need the money. The (badly researched) Shares Magazine SELL recommendation did us no favours either. However, all the shares publications will soon have to list the shares which have the best potential for 2004, let's see if CybIT are listed. The two new recent appointments look very very promising but the shareprice won't move up until there is contract news and lets face it we all know that this company will win further contracts. Contracts take ages to get to the signing part and CybIT are constantly involved in contract talks, expect them to start coming thick and fast. The potential of this company is enormous and the management team is stronger than ever!

chrissie thanks your posts do me a world of good :-) D.

Ditto Douggie

chrissie, are you still confident that there will be contract win announcement b4 Xmas as per your previous post?

Yes I THINK there will be contract news before Christmas but all I really KNOW is that CybIT are in talks with companies, local government and organizations. Whether or not they will sign on the dotted line before Christmas I'm not totally 100% sure. But I am sure that these contracts will start coming during the next few weeks and months. Today's appointment will go a long way to help with police and local government contracts.

Off to do some Christmas shopping now.

mornin all xfinger 4 good dat

Bloody hell its still in the blue!!!!

G12 :)

hi G12thought everyone left town

yes its very quite

Blue? I'm showing red (again)

An interesting bit of news posted for traffic master (tfc) today I see.

Here's my thoughts on Cybit:

Contract News.............is due before Christmas I reckon. The management seem to be a very wily bunch who know what is best for their company, hence the recent appointments of high profile personnel.

I'm in big time with over 500k shares which I've built up over a period of time, buying in low and on the way down in the past month or so. I'll keep feeding my portfolio with these if they keep rolling down as they are a pretty sure bet to rise on the back of good to mediocre contract wins and rocket on the bigger fish they are trying to fry!

Telematics is a competitive arena, but Cybit seem to be up there on strategy, management and products with the best of them, so it is solely down to winning new business and getting the money flowing for even better accounts and results.

Hold tight for a roller coaster ride in the next few months until we see this stabilise and on the up time after time after contracts annnounced.

Don't miss out, but make sure you DYOR and only play with money you can afford to lose or halve!!! Please do not buy/sell on the recommendation of any bulletin board or posters on a BB as they mainly speak tosh!!! (Me included my missus says!). Good luck and happy X-Mas.

Why the drop?

why indeed lots belief, hope patience required here... :-)

Although its dropped it seems to have leveled out a little if you know what i mean???

G12

I still believe this to be good co. great prospects but...hard to take last 21 days trade record i.e. lost 1.10p 30% dificult to keep the faith WILL hold in spite off again xfinger D.

Its a swindle

blakester - what is a swindle?

My falling victim to hype

I hope I,m not hyping no wish to, experienced this situation befor as little woman says on 'new'cybIT thread it does happen..... very often