Cybit Share Discussion Threads

[cheshiremoggie] 15/12/2009 17:17

Lol.

The company is not sitting on a cashpile. Its in the accounts.

CM.

[sdavis] 15/12/2009 09:28

No!

Please be sensible BA.

[buenos aires] 15/12/2009 08:52

Could Cybit be sitting on a £10m cashpile ? (which will be used to buy out the small shareholders )
The answer is in the company's books.!!

PLEASE KEEP YOUR SHARES AND VOTE NO TO THE "SCHEME OF ARRANGEMENT "

[this_is_me] 14/12/2009 09:54

I am very happy; I sold mine late on Fri for 71.5p - just over double what I paid.

I didn't want to take the risk that the takeover would not go through and the shre price tank to under 40p.

[plast] 13/12/2009 22:58

ill second that.

[geminian] 13/12/2009 19:27

GHTT

Nonsnse or not, some PIs have been loyal to Cybit and held on to shares pending future improvements in circumstances. I hold a few in certified form and a few in an on line broker (both pre consolidation).

I have,for what is is worth contacted the broker to say that I do not want to accept the offer and register my rejection. I will be voting against the offer on the certificated shares.

If I had any money spare, then as you suggest, would have purchased some more however, it is not the case so did not have the option to do so.

[ghtt] 13/12/2009 18:54

What a bunch of nonsense being posted here.

The shares have traded around 35p-40p for ages and suddenly there's an offer at double the price with 38% irrevocable acceptance already. It would be exceptional if such an offer did not complete.

Also whats with the moaning about 75p not being enough and the true price 150-300p. If you all truly believed that to be the case and enough people also agreed then you/they should have been buying like crazy at 40p. You/they didn't and thats why the share price stayed at 40p. It's too late to moan after the event. The fact of the matter is that most small shareholders will accept this with delight.

[buenos aires] 13/12/2009 13:04

Sanity
Apart from voting No ,we should also be buying more Cybit shares ,because if we buy at arount 75p ,we are guaranteed that price anyway come rain or shine .If the deal does not go ahead then a reference price is set and the 2010 interims would have to be published .There must be quite a few interested parties that would pay 150p per share ,half given the opportunity. Me included ,so if the board wants to accept my offer , please indicate so. Yes I know Cybit is worth over £3 per share ,but thats my best offer .
More shares were bought last week ,so it looks like no one is selling at this derisory offer price.

The RNS in November stated that if Mr Horsman did not leave in an amicable way ,then his share options would be terminated. I was a bit worried at this statement ,and now can see that there maybe disagreement amongst the Cybit board.
Some major activity is going to happen at Cybit ,but we are not invited to the party .
:)

[maxbubble] 13/12/2009 11:07

Not happy with the price here but will likely buy more CSC which is very undervalued.

[sanity] 13/12/2009 10:57

BA, I will be voting no.

[buenos aires] 13/12/2009 10:54

Cheshire Moggie

I hope you have received royalties because you just gave away the plot to the next Bond film

EVERYBODY PLEASE HOLD ON TO YOUR SHARES AND VOTE NO AT THE DODGY MANAGEMENTS PROPOSAL .

[davidosh] 13/12/2009 10:40

When will the interims be produced now ? I think we need to see how the business is performing and as they are not audited we also need to fully interpret the situation which may be more dependent on how management want their future within Cybit than guiding us on outlook for the company.

[dealit] 13/12/2009 07:37

The financials of CYH are very impressive and a share price of 36p was undervalued but in saying that there is no guarantee the share price would have ever made 75p let alone £2, £3. Sentiment is what rules the stock market not a Companies worth on paper.

[ffp] 12/12/2009 20:41

Bloody hell, where did tht come from?

I did ask the question earlier, Do we have to sell???

[buenos aires] 12/12/2009 20:31

I would guess that there has been a lot of interest in Cybit of late .
With perhaps 50% of the shares held by "fickle" small shareholders ,and not to mention 1 or 2 institutions keen to show a return after holding for over 3 years or more , Cybit was very vulnerable to a chancer take-over by anyone wanting to buy Cybit cheaply ,or consolidate their own losses ( MPS comes to mind ) ,or simply a private equity seeing an opportunity to make a killing .
Whilst this has always been the case ,with perhaps over 60% of shareholders of all discriptions solidly behind the co ,it was unlikely to succeed ,except with a realist offer of at least £2 per share . Even at this price it was not a foregone conclusion of success if the board resisted it ,so an offer of around £3 per share would be needed . At that price it valued Cybit at todays value ,of what we know now ,as there has been no 2010 interims data to analyse to date.
So its unlikely to be this threat ,that has made the board take this strange action .Ok ,you ask ,what is it ? .

Its pure speculation on my part ,so please dont take it as fact ,because I am not privy to inside information .
1. The Government wants to buy Cybit ,but does not want to be seen to own the co .
2. Mr Horsman wants to become an MP ,so cannot continue in charge .
3. Security reasons that are best not discussed here .
4. The time has come to ditch the small shareholders ,now that major or global contracts are in the pipeline ,so the need for large investments requirements could be true.
5. Some unknown arrangement from many years ago ,now has to be fulfilled .
6. Once divis are announced ,the small shareholders would be even more difficult to shift ,so hence this exercise .
7. There is a takeover target that necessitates a share split ,but its prudent to get rid of small share holders first . ( could be inviting clandestine stake building )
8. The directors are fed up with all the regulations of being a listed co ,and might as well take the co private and buy it on the cheap while they are at it ..
9. Its audit time and independent assessment of the co finances will have to be shown . ( No way could you keep the share price suppressed with audited figures .)
The above are in particular order
There may be more reasons ,but its only speculation on my part . The thing that annoys me is the way we ,as small shareholders have been told to clear off the premises , with the 75p per share - It would have been a lot lower if they could get away with it - , when we all know Cybit is worth much more.
PLEASE GET YOUR SHARES IN CERTIFICATE FORM , ,EXCHANGE THEM INTO "SCHEME SHARES " ,AND VOTE NO AT THE MEETING , ( THEY NEED A MINIMUM OF 3/4 TO PASS THIS BOOTING OUT OF SMALL SHARE HOLDERS . )

[ebomber] 12/12/2009 17:19

We should not count our chickens................

This company is now open for acceptance of offers......Francisco Partners is not the only PE House that have had discussions with CYH.

Hmmm.

Could be an interesting few days and weeks.....

[johndee] 12/12/2009 12:37

I cannot vote...out of the UK till january

[dirk07] 12/12/2009 11:22

From what I hear Masternaut were about gone and were bought by the only interested party

[pedr01] 12/12/2009 08:30

I get the impression that the business climate has already changed with the recent takeover of Masternaut UK ...

[sdavis] 12/12/2009 07:50

260k for the deal!

I would hope for a counter offer, but a not sure management are looking for one as they will be well looked after by the new deal.

It would take 2 years to get to 75p based on the investment appetite of the PI and institutions. Who knows what might happen in that time.

[ffp] 11/12/2009 20:22

My piddley 6k definatly against.

Shareholder / No of shares ---- %


Helium Special Situations Fund 2,390,000 ----- 8.7
Slater Investments 1,910,000 ----- 7.0
Barclays Nominees (all PIs) 2,207,654 ----- 8.0
Indigo Ltd 1,735,147 ----- 6.3
Brian Robins 1,020,408 ----- 3.7
L&G Assurance Society Ltd ---- 3.6
CEO (R Horsman) 842,133 ----- 3.1
Billam AG 815,000 ----- 3.0
Chairman (N Johnson) 797,132 ----- 2.9
Peter Lobbenberg 700,000 ----- 2.5
S&M Dir (J Wisdom) 92,476 ----- 0.3
Fin Dir (K Lawrence) 89,940 ----- 0.3
NED 1 D Robins 36,000 ----- 0.1
NED 2 Sir J Wheeler 100,000 ----- 0.4
Others (mainly PIs) 13,715,878 ----- 50.0

Total Shares in issue 27,451,768


If the above is near correct PI's have at least 50% of the shares???

[elinor] 11/12/2009 17:39

100k undecided

[davidosh] 11/12/2009 17:37

I suggest a meeting with the directors to thrash out why a sale is remotely in the interests of the shareholders ? Weak markets for the shares justifies very little about the core business being sold at almost the low point in its value.

[hrd] 11/12/2009 17:34

So will my 70k