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...

well good news if you knew it was going to drop?? - see how many the directors have bought? - lets hope thats the end of the bad news - sack the Sales Director then I say...

I still want to know more about this 1 for 50. Seems to have come out of nowhere. Did anyone know about this before today?

Nope, I think maybe they are trying to run before they can walk!

skids
Me too, I dont like the sound of that at all. What would be the benefit of such a move? Assuming there is a benefit

Douggie's gonna do his nut! hehe

Ignorance is bliss ;0)

what you dont know - cant hurt you! :-) but it would be nice to know what I dont know - just so I can worry (or not) with the rest of you..

Indeed, indeed, indeed. What a load of bs that was. OUCH! that hurt - Seems the MM's have been privy to some info that wasn't shared with us 'The Shareholders' - thats what has got up my nose this morning, ever wonder it never moved forward.

I'm trying to look for positives while I lick my wounds once more. Funny really but I get something from this that I have proclaimed before 'There's tooooo many shares' for such a small company' I have always felt this company had too many shares and hoped they would buy back once the profits increased. This isnt quite what I had in mind but all the same, I think it will prove to be a good thing longer term.

There are a few carrot statements in there, which do give a little encouragement and so I have decided to stick with it. It may bounce after the knee jerkers (meant in the nicest possible way) have bailed. My dilemma is, do I now buy some more, as I have a 'few bob' I was going to place elsewhere. These prices look very tempting.

I don't think it's all doom & gloom tbh, weve seen this many times before and whereas I agree with those that are saying consolidation in this manner, rarely helps the price, there have been some exceptions that have gone from strength to strength, here's hoping this is going to be one of them.

It's still a good company, with a good product/s, that has lots of opportunity to move forward. Sacking anyone at this stage would be both futile and damaging to Cybit. A takeover might be on the cards though?

If it drops further, then I definitely will be buying more.

NF

I agree NF-- I'm also tempted to add. They warned of the change in accounting several months ago as the revenues from contracts in one lump sum didn't give a clear picture. Now we should see steady income increases hopefully--don't forget the new contracts in the pipeline. Not struck on the 50-1 consolidation but maybe more fund managers will come on board when the SP is looking healthy. I sold HCEG because I don't like share consolidation but they are still going up. OUCH! As Chrissie says Artemis and Herald Trust are already holding and this is the leading telematics company also the board is not a greedy one they pay themselves a reasonable salary which is unusual these days of pigs in troughs!

NF - knee? surely something higher?? 18M sell v 4m buy so far - think the real shareholders have been sold down the river a bit... If I had known I would have bought a few more early this morning... once the panic has subsided, no doubt sp will stabilise - cyh did warn change in accounts - agree with the rest its in the right sector, product, etc

Just put things into perspective (working on Money Am's reported figures), 19.11m sells represents 1.92% of the shares in issue, hardly a tsunami and that hasn't taken into account the buys. A shift of apprximately 1.5% is neither here nor there tbh. I know a lot of us have more than we ought to on this, so I don't want to go down here at the moment, as it'll only get misconstrued as me 'on a ramp' (which I am not). Each has to weigh their position based on what they feel and read (research), not what the likes of me have to say. I'm only expressing an opinion.

NF

given the red sea lemmings - someone is buying up a lot at a very good price indeed!. Given its the same company as it was a few weeks back and 2.1-2.2 was felt a fair price by all - wish I could buy back in again!

I hate to be the gloom merchant but i think this has got further to fall. I think investors see that at the current rate of sales/loss this is going to take a long time to deliver and their money would be better off somewhere else. Could be wrong but i fear not.You would have to say that the resluts on the face of it do not set the world alight do they?

Just popped in to support my friend, Kivver, who nominated CYH for the ASOS Challenge portfolio - doubling the money from 1.82p. Looks far cry at the moment but let me give some positives: (1) recurring revenues are now 30% of operating costs and rising, i.e. the new accounting policies will be progressively helpful; (2) the "developong relationships with Norwich Union and the recently announced contract with Sainsbury to You have both served to underpin future profitability ..."; (3) "we anticipate further opportunities with major contracts during the second half of the year"; (4)the objective of the 50:1 consolidation is to achieve "strategic holding of the stock".

I believe the strategic approach to be admirable. The switch in accounting approach is a sign of strength. Yes, they are moving from a short term play to a longer term investment. The price may not move much in the short term but should respond to positive news flow. The present cap. of 15M looks low for a company with this potential. So I believe Kivver is right to put CYH forward for doubling, at least from this start price, and perhaps taking more like a year to do it! Will no doubt be joining you before too long.

Eric

wf - ew got in before me - as a typical cyh investor ie "layman" per say - re the accounts, well they are honest - ok - bottom line doesnt look great - however read the blurb - its a tough market, tough six months, some savings in operating costs, no "creative accounting" now, some hard earned contracts, consultancy work, have the skills on board, next six months going to be challenging - this isnt a few weeks sp, I can get out now with a loss - have chosen not to do so - if I get a few bob at these prices I will buy a few

Agree with all of the above
Maybe we have got further to fall short term
Up front Company with good contracts with major Companies, (Norwich Union, Sainsbury etc etc )backed up by Institutional investment (Artemis) etc
This one is being tucked away as a long term investmtment

..those reds some of those are buys - whos kidding who here?

I still like cyh but from experience will expect further falls after consolidation which perhaps would be the time for top up...this could also be voted against at agm...apparently the coy think it will stop the price from such extreme movement, they are right the spread is likely to be 45/50p! ... why mend it if it ain't broke.

m100

Just looked through the live trades (last couple of hours or so) and I would agree that there a re quite a few buys. You can tell by the polarity of the prices: around 1.40-1.42 which are the sells. Those at 1.50 and certainly down to 1.47 will almost certainly be buys. The problem is in the band quoted - I can't explain that, perhaps someone else can. The trading band has been realtively narrow to that quoted and that seems to happen quite frequently - probably the active market makers are active because they are giving a narrow spread. I deal through Stocktrade who seem to be good at polling all the MMs to get the best price.

The interims appear to have been a nasty shock to a lot of holders. Apart fom the fact that trading has been quite difficult, this was clearly posted in the finals because of the change in accountantcy practise. This seems to demonstrate that,as with many AIM shares, the holdings are frothy and short-term and justifies their 50:1 cap. Its worth taking real note of that: rather than the reputation that goes with being a penny share they are aiming to be a regular part of the institutional portfolio. That can only be good for those shareholders who are prepared to stay with the share for, I would suggest, at least a year. I am coming round to the view that cybit is an excellent medium term BUY. Mustn't talk it up too much as I haven't the free funds to go in at the moment. There will probably be quite a lot more fall out first. But they really are my type of share: strong technology; leadership in a growing niche market; good business plan; strong marketing. In other words, good eggs!

Eric

eric - yes they are buys - gives a false impression of the company and sp. CYH was given as a possible to me, I resisted for ages..but got in a bit too late ..as you say and NF - those that read the board knew it wasnt going to be all good - dont agree with further to fall, they've come clean, but its not all bad, some postive signs they are bringing the company under control and future opportunities are there for them to convert - its not talking up - its reality of whre they are