Cybit Share Discussion Threads

[buenos aires] 10/12/2009 17:45

There was some talk of an Iranian contract a few months ago ,which could lead to further installations etc . I wonder if they decided its cheaper to buy the whole co instead.
A cutting edge tracking co like Cybit ,should be monitored in its activities by the security services ,just in case a less than friendly government takes control. (and there lots around )
When a tracking co goes private it could be used for all sorts of reasons ,so it makes sense to monitor their activities more closely as there is no real control in what it really does.
A much better solution is for Cybit to be sold to the Royal Mail even at 75p.

Strangely it would be a good fit for them as they also provide a service and they cant keep delivering mainly junk mail for ever. Better to branch out in a related industry. Every council will soon be compelled to use trackers to maximise efficiencies, not to mention motorists . Not many share holders would resist £1 per share . Even BT would benefit by buying Cybit ,and at this price its a steal !!

[dealit] 10/12/2009 17:45

What is the time scale for the takeover?

[ghtt] 10/12/2009 17:43

It's a very good move for them, lack of money is whats killing this sector, so having a big backer makes sense.

Of course it is just a co-incidence that the CEO switches from big cash bonuses to big share options just before a takeover though!

[geminian] 10/12/2009 17:40

Hi buenos aires

I have similar feelings to you in regards to the offer. I don't hold too many shares however, was holding them for the long term and hopefully greater times ahead.

I am currently down around 50-60% on my investment so not happy with this offer and will as with yourself reject it and hope they do not reach the required level to proceed.

[mazarin] 10/12/2009 17:06

Had a strange week, holding 2 Company's receiving 'Take Over' bids this week - first Shanks and now Cybit, in the first case making 40% profit in 2 weeks and the second 50% loss over 6yrs. Such are the joys of share dealing.

The pity is, that I think there's still greater value in Cybit - longer term, which is why I've been so patient with them for such a long time against all the odds.

[johndee] 10/12/2009 17:01

Highest it went to was 218 pence.........Nov/Dec..2003

[cheshiremoggie] 10/12/2009 17:00

Well well - 75p.

I hold 450k shares at a fraction over 50p so I guess I'm happy. I think the long term potential is much higher but potential isnt valued very highly at the moment.

Time to move on.

CM.

[singinsmythe] 10/12/2009 16:57

Im in two minds tbh, I made money the first time around many yrs ago and I bought in again approx. 18 months ago @ 50p so again I've a nice profit BUT I think in the longer term I'd have made a lot more. The question is how long is the longer term and could I make more elsewhere in that time period... It's not a done deal yet and still needs 75% approval and if it does get turned down you can be sure that the shareprice will remain much higher than ydays close simply because inherent value has now been demonstrated (as if it needed to be). Whatever the outcome I will be reasonably happy, a 50% return over 18 months is not to be sniffed at let alone in the current climate. I really feel sorry however for those that bought at or around the peak price and have held on for so long only to be disapointed by todays news.

[johndee] 10/12/2009 16:53

Floated at 150 pence a share (3pence then) So sold at 50% its original float value.....................I guess we had dilution over the years though.

[mazarin] 10/12/2009 16:49

She or 'it' is strangely quiet. Its nice see that 'Luckypunter's still showing an interest, I read his Posts with interest.

[buenos aires] 10/12/2009 16:45

There were more buyers than sellers today , perhaps tommorrow the share price will breach 75p .
This 75p offer is derisory .!!!

[ant15] 10/12/2009 16:43

Strangely the company was floated for this figure originally so I think it is being sold on the cheap side BUT full marks to RH and Neil for doing a splendid job in a misunderstood and sadly undervalued sector.

[pldazzle] 10/12/2009 16:02

and whatever became of traceylied?

[buenos aires] 10/12/2009 15:57

Lets hope its just an exercise in increasing share price and reducing stock shares outstanding . There has been an imbalance of shares bought to shares sold for some time now . ( more shares bought than sold )
The board seemed very decent at one of the agm I attended ,and I am surprised at their behaviour IF this turns out to be true .

[pedr01] 10/12/2009 15:41

To be honest I was hoping for an exit at 3x sales sometime in the future ... 1x sales for a company that is making a profit AND growing is quite laughable really ...

[buenos aires] 10/12/2009 15:33

I wonder why hardly anyone posts here ?,
Could it be that I am the only honest person here that tells it like it is on this bb board ? .
Of course it could simply to do with the £2.50 banner in bright green .!!!

[sll] 10/12/2009 14:57

tehart - yes it will just pop up in your account at 75p times your X shares. All you may have to do (if yours are held in Nominees) is signify your agreement to sell. steve

[buenos aires] 10/12/2009 14:56

This present situation is far from a done deal ,otherwise you would have been offered 50p and told you should be thankful . There is a "scheme " in play and we might just as well sit it out . 75p is guaranteed after all .
My personal valuation of CYBIT is approx £3 per share ,but without being too greedy would have settled for £1 per share ,and afterwards avoided the "mafia stock market " like the plague .
Try offering £30m for CYBIT to the board and see how quickly ,they will tell you the offer greatly undervalues the co ,so why are they happy to recommend to accept £22m ? There is no shortage of available funds for quality cos ,so access to investment money is not the real motivation for this aquisition .
We only need 26% of the " scheme shares " to say NO , and hey presto a much better offer , I am sure will materialise.
TO BE IN THE SCHEME YOU HAVE TO HOLD ON TO YOUR SHARES

[aishah] 10/12/2009 14:25

looks like sold @ just over 1x sales - cheap? A few institutional holders have caveats in place for a higher offer - here's hoping.

[buenos aires] 10/12/2009 13:38

EVERY SHAREHOLDER IS GUARANTEED 75 PENCE PER SHARE MINIMUM

DONT sell your shares on the cheap to the market when you are assured 75p minimum if this dodgy aquisition goes ahead ,in the next 2 to 3 months.
Your ordinary shares will be converted into equal "scheme shares" , BUT this "takeover " ,WILL NOT be approved unless 75% members of the scheme members approve. Right now only approx 50% approve the aquisition at best.
Personally ,I think there is a much better deal out there.
Being cynical ,I am assumming that its Cybit's way of going private with their main shareholders included in of course .
A much honest way would have been to announce the aquisition in the co in the first place ,the interims results to be made public ,and an independent valuation of Cybit made.

[sanity] 10/12/2009 13:27

SLL, I am in similar situation as yourself. However, I think the company is worth more and would have made us all richer over the longer term. Disappointed that we will not reap the full potential here. I was more than happy to hold on for another 5 years or so with continued growth and return.

I am also disappointed that this is a full cash offer, a merger with continuity would have been better and easier to stomach from where I sit.

Who knows perhaps somebody else might make it a bidding war, I live in hope.

[tehart] 10/12/2009 13:15

Nice one Steve ...not been in a cash takeover situation before ...
I have a Lloyds Sharedealing account.... when the deal goes through do they just auto sell at 75p ? any ideas ?

As for me I am happy ... had my last 2 purchases which was 60% of my holding at 28p and 32p in May .... so no complaints.

It would have taken some quite extraordinary news to get this moving to this level in the current market so I'm with you ...made money and move on.

good luck and any feed back on the above appreciated.

t