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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cybit Hldgs | CYH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 73.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.00 | 73.00 |
| Top Posts |
|---|
Posted at 09/2/2010 19:38 by mazarin Received funds for my CYH holding yesterday - goodbye Cybit |
Posted at 21/12/2009 07:02 by sdavis If you do nothing the Directors are your proxy and have your vote,which will be "yes". So to vote "no" you have to advise your nominee or return the voting paper yourself.Re the above discussions, I aree wih most of it. - CYH would do better with a large cash injection (leases in-house for a start) - CYH would recover without the bid anyway - CYH should publish the interims As for the share price rising above 75p without a bid, this would take some time in my opinion, maybe 12 months. PIs are not coming to the party, neither are institutions. They will so, but it will take time and contract wins. Chances of a second bid: a possibility, but it would propably have to be without the approval of the Board. RH et al would then be fighting for their lives. That would be interesting! However, in the scheme ofthings, I give a second bid a 10% chance. S |
Posted at 08/12/2009 07:33 by tehart Nice explanation CM. Agree that for this set of results any changes to factoring etc 'may' be difficult if not impossible.I still feel there must be some flexible provisions for factoring contracts for CYH. At the end of the day why would CYH not want that flexibility, and as a provider why wouldn't the factoring company want to provide it. This could be for contract renewnals, expansions etc when the original contract was not factored. Contract splits between factoring and lease book at will. Who's to say there isn't an arrangement to factor the leasebook itself ?? No real idea how this actually works but just floating the idea of flexible financing that I am sure CYH have in place...one way or the other. As CYH are expanding organically and through acquisition how can they know what acquisitions costs may be needed in the future.... hence my reasoning for flexible finance arrangements. Just my thoughts, I don't see any of the possibilities above as a negative but feel to hit the fiures on the nose as they do while expanding through acquisition cannot be luck. t |
Posted at 03/12/2009 18:23 by tehart Not sure how to respond but feel a response is necessary.I am not based in the UK but have exposure to UK businesses and have witnessed, and been part of, the impact of recession moving into broader areas. As an industry, CYH ticks many boxes for me, cost saving, green, areas of growth amongst others. Adding to this I see a strong management team who say it 'how it is' if you can read between the lines so to speak, and deliver what they say they will in terms of profits. If anyone can find me a company with exposure to 5 profitable areas of connected industry, a value of #10m, delivering a profit of #2m in this economic climate, in a industry with growth potential, and a history of good management, it would be well received. In my mind this is exactly what CYH has. I agree that any delay in the results is for good reason. SD ..... I suspect some of your emotions are a release of personal circumstance or general market sentiment and not a reflection of anything CYH have, or have not done. I like this board now as after 4 or 5 years (cannot remember) I know who has done their homework ;-) I also know who to support when doubts creep in..... just think out of the boxes SD ;-) Good Luck people ...... |
Posted at 03/12/2009 14:20 by sdavis SteveMany thanks for that. I agree 100% that CYH is a good stock, undervalued, high potential etc etc. I have held for many years and will continue to do so. However, I am just a bit down at the moment as I thought CYH was on a slow road to the share price recovering and then the last 2 weeks have seen us back to square one(ish). Just frustrated that the potential is not coming through in more people being interested etc etc. I will have some time to analyse the interims this year, so may be able to post something other than emotions!! (168 boxes arrived last week from Austalia: nearly all unpacked!!) |
Posted at 03/12/2009 10:19 by sdavis Results tomorrow is my guess.People have lost interest in CYH. Hardly any trades and no real chat on the BB. Trickle down in the share price reflects this as investors look for action elsewhere. Results will be the usual CYH "in line with market expectations" whatever they are. Are we lookig at a trading range 30 - 40 for the next 12 months? Boring. |
Posted at 12/11/2009 08:07 by tehart Nice comparative article on Cybit Directors packages.If in the next year there is no such bonus (250k ish), a divi is paid (as previously indicated by CYH) and we get some decent results of growth....then I doubt there will be many complaints from PI's nor will we get ....'Ohhh Mr H is well worth the package'. I suspect his large bonus was a KPI which he hit having expanded CYH reach in the industry,increasing customer base, turnover and profit. I doubt we will see such bonuses again for quite a while. Over 4 years of holding and this is only the 2nd issue with CYH that has concerned me (previous was the accounting change)in this case mgmts direction has proven to be correct for the company irrespective of the effect on share price I still have no reason to doubt mgmt here. I suspect in a year or 2 we will be saying 'you get what you pay for' in terms of Mr H. Based on his base salary according to the article he is in the salary range of an MD running a #50m company ..... is that not exactly why we are here ? |
Posted at 12/11/2009 07:22 by sdavis Thanks SLL: fair point. However, I am sure Horsman would be shocked if we classified CYH as a small company now (how many small company MDs earn £500k). So maybe that is the challenge.... CYH is still perceived as a small company. Time for them to educate the investment communit???? Or am I a victim of my own ambition... is CYH still a small co? |
Posted at 11/11/2009 20:39 by sll Thanks all, for some interesting posts - Just to add a bit of wider market perspective here, I have looked at the 3 year share price graph for CYH v SMX (the 'small companies' index) and there is an amazingly close correlation of path over most of the 3 years to date. From a common start point of 'factor 100' some 3 years back, CYH is now on 80 (ie 20% down) and SMX is on 75 (ie 25% down). That's over 3 years, and we know what most of them have been like! Have tried in vain to copy the graph into here, but can't (its from 'digital look' via the BSL site). Now I suspect that CYH (commercially and financially) has made 'even more' progress to the 'small cap index' than suggested by just 80/75 over those 3 years. Yes - overvalued then (more than a tad) and undervalued now (by a tad more, subject to the coming interims update as to current year progress). If you get the chance via BSL, or ANother, worth a look. steve |
Posted at 11/11/2009 11:47 by sdavis 500k IS excessive based on past performance of the share price If the share price had risen fair enough, but look at the share price performance of CYH over the past 12 months c/with the FTSE and the AIM. CYH has underperformed so why oh why is the MD paid as if he had performed at the top end of expectations.In my view CYH has to move forward soon or the foundations may start to crumble. I have held for many years and have seen the company progress on almost every count except the share price How long do I wait? another 5 years? I am not the only investor with a fairly major stake who is becoming increasingly frustrated. I hold 1% or so. |
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