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...

We're not there yet, but I dont like to say I told you so, but....... Always been 99% positive about these shares (read back). Still more long term though.

Buy Cybit Holdings at 1.4p
Argues AIM and OFEX newsletter
Once the high flyers of the market, vehicle telematics businesses like Trafficmaster and Minorplanet are now penny shares, but could be about to turn a corner. Now may be the time to consider investing in an AIM-quoted peer of these two businesses, which could offer greater upside.

Cybit Holdings is a telematics service provider that brings together technology, business processes and people to create a range of systems for satellite navigation, fleet management and mobile workforce tracking.

Cybit's main offering is Fleetstar-Online, an advanced vehicle tracking and reporting system that provides detailed reports on vehicle fleets. A vehicle's location, speed and direction can all be displayed on a street-level map. Additional features include the ability to provide drivers with satellite navigation data and stolen vehicle tracking.

Other products, it is hoped, will form significant revenue streams in the future. The company has a telematics system that provides customers with live information about their mobile workforces. Another service, Drive-IT, described as "an end-to-end vehicle sharing solution", is designed to improve fleet vehicle utilisation and productivity. Users have a central Internet-based booking and administration system, allowing drivers to book vehicles via the Internet, through a call centre or from the car itself.

Last year the company made a maiden profit of 291,000 pounds (2003: 787,000 pounds loss) as turnover increased 60% to 8.1m. Cybit now has more than 500 live customers, with an average of 20 vehicles per customer. As of 31 March 2004, Fleetstar-Online had 270 live customers, representing nearly 6,500 vehicles.



The company has a partnership strategy that involves using third party channels to sell its products. During the last year it has renewed and extended its agreement with Lex Vehicle Leasing, which will see Cybit and Lex jointly developing an integrated solution.

Meanwhile, the company is slowly expanding into Europe, winning a first contract in Germany, having developed a German version of Fleetstar-Online.

The company's broker, KBC Peel Hunt, forecasts revenues of 8.3 million pounds for the current year, and a loss of 0.7 million pounds. The loss comes about because Cybit has changed its revenue recognition policy. The company has decided to fund a greater proportion of its sales itself, rather than continuing with its previous policy of selling contracts on to financing companies, which allowed it to recognise the entire value of a multi-year contract in its first year. This means that it will now recognise revenues and profits over the life of the contract, which will have a one-off effect on full-year revenues and profits but will lead to greater underlying profitability and cash generation in the long term.

For 2006, KBC Peel Hunt expects sales of 12.5 million pounds and pre-tax profits of 0.1 million pounds. So it looks like a while before the share will achieve a meaningful price-to-earnings rating, but getting in now could reap rewards in the long term.

Bygum moneyplus !!! wow

;O))))))))))))))))))...........

This time next year Rodders we'll be millionaires!


We're on our way Douggie, fortune favours the brave!

Hello Chrissie x x welcome back I do so hope you are right, I'm keeping everything crossed that price will hold, bin disapointed too often with false recoveries. was that 1.5mln realy a sell? strange time to off load so many!!

Follow through buying could make this interesting. Can this really be the bottom??

;-\....why am I not surprised !....Still only 50% gone...........YET!!!!!!!!!

seemingly the AIM tip was a month old.

Sod it
Its a beautiful day..... Iam off to the beach

It's going to take at least 2 years imho. Changes to next years reporting is going to give less than encouraging results but will show real growth for the years after that. If it could sign more deals, come up with some more ideas then that would obviously add impetuous to the sp. A solid long term hold.

kivver

I thought that the reporting changes were implemented in the last set of results.

We have nothing to worry about, yes this is taking longer than expected but one day it will start to go north and go from strength to strength. It's a good company with good management. SIT TIGHT!

Gone.

Chrissie darling nice to have you back.Still holding!!!

another new reseller on the cybit site,millertech.http://www.cybit.co.uk/cybit_resellers.html#

had a read at site predator22 lots momentum must transfer to this share as of now......I hope, future certainly looks promising xfinger

Chrissie been saying it all along it is great one to hold for the future even when everyone started bailing out. Just great opportunity to buy more. Im in until it at least *5 from what it is now.

Wish this share didn't do the nice big heartlifting rise one day then go into now typical nerve twitching reverse into that orible red!! I will gladly settle for nice little daily doses of blue, will accept ocasional day green, asking too much? YUP!!!!
After each rise over last 2 months a new low was hit,1step up 2 down ;-/

You lot losing interest or is it a case of de jar vous? - Promising day all the same, lets hope it's the start of something better.

Good luck all

NF

from a TA point of veiw you can clearly see a break upwards through the 50 day MA,
where today it has managed to close above for the first time in 9 months,
it bolds well for further rises IMO.

Predator22, could you tell me what TA and MA stand for and how to build a chart like that one you have shown?

MDM

Sorry to butt in, but you might find this link interesting:

http://stockcharts.com/education/

TA = Technical Analysis
MA = Moving Average

Adding further to Predator's post, there is also clearly defined resistance at 1.7p, in the event the SP is able to 'break out' above this level and if supported by volume, the next level resistance level is at 2.1p

Incidentally, all manner of charts and indicators can be overlaid onto the SP chart. Just click on Charts at the top of the MoneyAM screen and explore .

Hope this helps.

regards

PTH