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...

Thanks ckmtang

Investors Chronicle 26thSeptember'03

ic... so it is a bid outdate sorry.

ckmtang

Not at all, I found it very interesting.

I hadn't actually seen it as I only bought into CYH a few weeks ago when my
broker recommended them.

Hopefully we should be back in the IC or Shares Mag soon, under the heading STRONG BUY!!!!!!!!!!!!

CybIT Holdings PLC
07 November 2003


Cybit Holdings PLC
('Cybit' or 'the Company')

Placing and Additional Listing, Change of Nominated Adviser and Broker

Cybit today announces that 166,666,667 new ordinary shares of 0.1p each have
been conditionally placed with institutional investors and one private investor
at a price of 3.0 pence per share. Once completed, this placing will raise
approximately 4.85 million net of expenses for the Company.

These 166,666,667 new ordinary shares of 0.1 pence each will rank pari passu
with all other ordinary shares now in issue. Application for these new shares to
be admitted to trading on AIM has been made and admission is expected to occur
on 12 November 2003.

The net proceeds of the placing, which was oversubscribed, will be used to
reduce the Company's reliance on factoring, increase its working capital
facilities and further expand the business.

The placing is conditional upon admission of the new shares becoming effective
on or before 12 November 2003 (or such later date as the Company and KBC Peel
Hunt Ltd may agree, being no later than 17 November 2003).

Following admission, the enlarged issued share capital of the Company will be
985,211,017 ordinary shares of 0.1p each.

The Company also announces that KBC Peel Hunt Ltd has been appointed as Cybit's
nominated adviser and broker with immediate effect.

Richard Horsman, chief executive of Cybit, said:

'We are delighted that the consistent progress we have made with the business
over the past 18 months has allowed us to attract a number of 'blue chip'
institutional investors to our shareholder base. The funds raised from this
placing will allow us to accelerate our growth plans in a number of areas and
assist us as we look to further develop our recurring revenue based business
model.'

malc

beat me too it malc
thanks for posting
N

Placing and Additional Listing, Change of Nominated Adviser and Broker

Cybit today announces that 166,666,667 new ordinary shares of 0.1p each have
been conditionally placed with institutional investors and one private investor
at a price of 3.0 pence per share. Once completed, this placing will raise
approximately 4.85 million net of expenses for the Company.

These 166,666,667 new ordinary shares of 0.1 pence each will rank pari passu
with all other ordinary shares now in issue. Application for these new shares to
be admitted to trading on AIM has been made and admission is expected to occur
on 12 November 2003.

The net proceeds of the placing, which was oversubscribed, will be used to
reduce the Company's reliance on factoring, increase its working capital
facilities and further expand the business.

The placing is conditional upon admission of the new shares becoming effective
on or before 12 November 2003 (or such later date as the Company and KBC Peel
Hunt Ltd may agree, being no later than 17 November 2003).

Following admission, the enlarged issued share capital of the Company will be
985,211,017 ordinary shares of 0.1p each.

The Company also announces that KBC Peel Hunt Ltd has been appointed as Cybit's
nominated adviser and broker with immediate effect.

Richard Horsman, chief executive of Cybit, said:

"We are delighted that the consistent progress we have made with the business
over the past 18 months has allowed us to attract a number of 'blue chip'
institutional investors to our shareholder base. The funds raised from this
placing will allow us to accelerate our growth plans in a number of areas and
assist us as we look to further develop our recurring revenue based business
model."

For more information please contact:

Bell Pottinger Financial
Jonathon Brill/Charlotte Kirkham 020 7861 3232

KBC Peel Hunt Ltd.
Oliver Scott 020 7418 8900

It's a pity they didn't offer it out to the shareholders - but I supppose that would have cost too much!

May be this explains the large spread.

The large spread is so the MM can make some money! A 100,000 deal is only worth about 4K not much to make a profit on a tight spread.

I presume the sells at 0838 @ 3p are the placing! (Although the placing are actually buys, it shows how the system records trades according to price)

LW
I would concur with that, looks a bit scary at first sight, 76 mil sells wouldnt do much for the price me thinks!!!!

Hi,

I bought the shares slightly above the lowest.

Ref my 6th Nov Post of 9.54 :-
I am thinking of buying now as they are so low i.e.I doubt if there will be
much downside.Opinions welcome.

I apologize as my Post of 10.13 was ambiguously worded.It was in reply to
some opinions.I wrote :-Interesting replies i.e.they might go lower.I felt
the writers thought they might go lower and that made me think b4 I bought.

I will sell if I get 6.30 p

So ajren, you should be doing pretty well with them at the moment.

I was re-reading the following:

The net proceeds of the placing, which was oversubscribed, will be used to
reduce the Company's reliance on factoring, increase its working capital
facilities and further expand the business.

Reduction on the reliance on factoring, means they are getting the orders but need the cash to fill them.

I think the placing was done before (rather than after) the interim results(although I suspect the interested parties saw the draft results) as I wonder if the figures are not going to be that great? But I don't think that matters as with the extra cash, they will be able to fill the extra orders and reduce costs at the same time.

i also think it is quite low at that moment. I am comparing VTB and CYH. but the graph show me that CYH seemed more stable. VTB up and down so frequency. Hoever I found out CYH these few days have support around 3.5p they seldomly drop below this point, if so they rebound quickly as well.

I think they will go up but I was reluctant to purchase as the price pattern
has been so out of the normal.I have no interest in the company other than
it is a speculation worth-in my opinion - taking for an exit price of 6.30.
I think it will go up more than that but I just wanted to get in/out as soon
as possible.

I have several exit prices on the way up. Took the first one on monday, and then also went back in at just above lowest, with the same number I sold.

Not much is happening with this share does anyone know why???

A shrewd move.

Shall we buy more?