Cybit Share Discussion Threads

[johndee] 10/12/2009 08:22

Well done.........I beleive the floatation price was above 150 pence......3 pence at the time...long before the consolidation. Have no idea really.

[philwill] 10/12/2009 08:21

wonder if there's anyone else interested?

[this_is_me] 10/12/2009 08:18

I paid 35.5p for mine in July so I am happy. This is one of the few takeovers where there seems to have been no insider dealing. Information didn't leak out for once.

[folderboy] 10/12/2009 08:11

Joy - only slightly clouded by an average price greater than 75p!

[johndee] 10/12/2009 08:10

Wish I had averaged down over the years...bought at floatation so quite a bit of a loss to offset against any possible tax gain...........

[this_is_me] 10/12/2009 08:08

Happy days!!

[philwill] 10/12/2009 08:00

thanks offerman its been a long time coming.........should help Xmas along

[offerman] 10/12/2009 07:58

Massive congratulations to all you long term holders, thoroughly deserve this.
Well done.


You may want to check out PCI and MTA to make some more money.


Well done again.

[philwill] 10/12/2009 07:57

75p cash offer...wow

[folderboy] 10/12/2009 07:54

Blimey - need to read that again . . slowly!

[cheshiremoggie] 09/12/2009 20:50

Exactly SLL.

CM.

[acky37] 09/12/2009 17:27

Cheers SLL

[singinsmythe] 09/12/2009 16:04

"As previously notified, the Company has access to cash and a strong balance
sheet which is enabling the business to pursue its growth strategy through
organic and acquisitive means. The current climate has resulted in a number of
opportunities for acquisitive growth and detailed evaluation of these
opportunities is ongoing."

[singinsmythe] 09/12/2009 16:01

Agree Cheshire. Sanity if it were a bad debt impacting the results they would have had to tell us by now.

[cheshiremoggie] 09/12/2009 13:29

"agreement in principle" is the relevant phrase there. Has the deal actually been signed?


Other companies are struggling to factor their contracts and are having to turn businesses down. If Cybit do have this agreement in place they have a considerable advantage over most of the other smaller players. If they dont then we should know.

Personally I think there is an acquisition being finalised. There is a bit somewhere in the last few months about being in advanced evaluation of possible prospects. Cant remember where though?

CM.

[sll] 09/12/2009 12:19

an extract from the prelim results follows:

"In order to mitigate this risk [which was: 'sources of 3rd party leasing becoming unavailable in the present challenged environment'], I am pleased to report that Cybit has reached agreement in principle with HSBC to provide a 3 year committed revolving credit facility of GBP4m and an overdraft facility of GBP0.5m to replace our existing GBP1m overdraft. This is designated to support investment in the business and the internal lease book. Although it is highly unlikely that such an extreme move would be required, the management team has run a number of scenarios which demonstrate this revolving facility would be sufficient for the business to fund 100% of its UK telematics business on the internal lease book. Adoption of such a move would result in a short term drop in revenue and profit in the current year with a significant increase in revenue, profit and cash generation by the end of the next financial year."

[sanity] 09/12/2009 12:19

SD you can buy Selhurst Park at a cut price with Rock Investments in administration ;-]

[evaluate] 09/12/2009 11:06

If you want to read the bear / bull case for property, I can heartliy recommend the Property Market & trends thread on The Motley Fool.

You'll read both sides stating their cases extremely eloquently IMHO.

[sdavis] 09/12/2009 11:03

Can I change the subject for a moment as ask opinions on Property prices.

Having just arrived back from Australia I am looking to purchase. But the prices where I live (South London) seem crazily high. Decent house around £850,000++. My view is that this is not sustainable, but others have said that what else do people do with money (shares: no; in a bank: no). And borrowing at 5% or so means property is affordable.

Should interest rates rise (inevitable in my opinion as a way to reduce the national debt in time) then the outlook for house prices is not good. But I seem alone.

Any views?

[sanity] 09/12/2009 10:54

SD,

If it was a placing to bring the lease book in-house I would have thought this to be fairly clear cut and not cause the current delay. My thoughts are either there is a bad debt with a promise of payment which impacted the results or a very sizable merger/aquisition of an non LSE company.

[sll] 09/12/2009 10:51

really don't think so, sd, they have bank facilities (via HSBC) sufficient to deal with such matters, and would surely not dilute equity other than for a fairly meaningful acquisition. that said, this reporting delay and attendant speculation (hands up!) is becoming irritating. it better be worth the wait!

[sdavis] 09/12/2009 09:01

Don't blame you Evaluate.

My guess is a fund raising to bring the lease book in-house. Will be bad short term but good long term.

Just a guess though.

[evaluate] 09/12/2009 08:51

Dumped mine.

Wish I'd done it days ago.

I hate late results - cost me too much money too often for me to hang on here.

[sanity] 08/12/2009 23:56

howun42nut great find thx. Looks like a good sized company.

[howun42nut] 08/12/2009 20:20

Another contract won, but no numbers ???? ,
Cybit, the UK's leading online Telematics Service Provider, has won an order for its Fleetstar-Online solution from leading global relocation organisation, Interdean. The Cybit solution will, for the first-time, give Interdean complete visibility of driver information for its fleet that operates across its European network. Strategically, it will also enable Interdean to create a centralised dispatch office and reduce cost by consolidating operations across Europe – this will enhance the relocation process for clients, which includes businesses worldwide.

The access to centralised fleet management will allow Interdean to establish Europe-wide benchmarks for its fleet with the twin objective of a reduction in total transport costs of approximately 20 percent and lowering carbon emissions by 10 percent in line with corporate targets.

Fleetstar's Data Analyser and Geo-Fencing functionality will ensure that Interdean is able to meet critical service level agreements and maximise its vehicle productivity – to achieve its cost and fuel targets. Geo-Fencing also gives automatic updates when a vehicle moves between countries or clears customs offices, allowing the feedback of more accurate, real-time delivery ETA's to customers.

"As our fleets operate across Europe, we need a solution that will not only increase visibility, but that also provides EU-wide installation and technical support. Fleetstar's European-wide cover was one of the main reasons we chose to partner with Cybit," commented Derrick Haggerty, Group Transport Consultant, Interdean. "At Interdean we want to maintain the high-level of service that we provide to our customers and the increased visibility that the solution provides will enable us to give real-time vehicle locations and accurate ETA's to our customers, enhancing the security of our loads as well as the level of service we provide to customers."

John Wisdom, Group Sales and Marketing Director, Cybit: "Many companies, like Interdean, are starting to realise the numerous benefits that telematics solutions can provide to businesses. These include location information and improving fleet visibility, but also other areas such as consolidating communication across multiple operation centres and using business critical information produced by the advanced reporting systems to streamline company operations."

Fleetstar-Online is Cybit's industry leading, scalable suite of Internet-based Mobile Resource Management (MRM) and vehicle tracking tools. The high quality data relating vehicle and job performance is captured in conjunction with location information reported and analysed through Fleetstar. This allows meaningful business decisions to be made using up to the minute information on operational performance.

Powerful reporting capabilities facilitate effective management of operational costs and productivity; support strategic initiatives around Carbon footprint; and increase compliance with legislation including Duty of Care and Health and Safety. The strategic importance of Fleetstar-generated information extends beyond vehicle tracking into the heart of the enterprise: Fleet derived information can be directly integrated into a range of business systems to improve the efficiency of the entire organisation. Fleetstar provides the business-critical information that organisations need to execute a clear and rapid path to return on investment.