Cybit Share Discussion Threads

[bonio10000] 11/9/2009 10:15

Issues are:

Not an RNS - so value is not great.

Presumably CYH paid for these and might well have got a discount on the existing contracts, so the win is in any renewals - which might be a way off.

Useful business - but not ground breaking short term. Imho will need 2-3 years to really feed the bottom line.

[horsepower] 11/9/2009 09:45

It's really frustrtaing that the rest of the market can not see the huge potential of this company, which it seems destined to realise.

No ramp intended!

L2: 2 vs 2

[philwill] 11/9/2009 07:55

thanks red imp looks good...

[red imp] 11/9/2009 07:52

Some interesting clients listed on their front page:

[philwill] 11/9/2009 07:19

Nice one.......


Assignment of Telematics Contracts (Cybit)



TIDMCYH

RNS Number : 8899Y
CybIT Holdings PLC
11 September 2009

?
Date: 11 September 2009
On behalf of: Cybit Holdings plc ('Cybit', 'the Company', or 'the Group')
Embargoed until: 0700hrs




Cybit Holdings plc
Assignment of Telematics Contracts


Cybit Holdings Plc (AIM: CYH), a leading international provider of telematics
based products and services for the management and control of land and sea based
assets, is pleased to announce that its subsidiary Cybit Ltd has been assigned
contracts to provide telematics services to customers of Integra Telematics, a
subsidiary of GDS Mobile Communications Limited (GDS).


GDS, the mobile communications specialist based in Glasgow, is moving away from
developing telematics based products and services in order to focus on its core
business of providing mobile radio communications. In doing so, GDS has chosen
to assign Integra's telematics contracts to Cybit owing to the scope of Cybit's
solutions, stability as a service provider and the high standard of service
provided to its customers.


Integra's customer base includes a significant number of infrastructure
providers in the local government and construction sectors as well as five large
Scottish councils. The addition of these contracts will consolidate Cybit's
position as one of the leading providers of telematics solutions to Scottish
based customers. As part of the deal, GDS will become a reseller and installer
of Cybit solutions.




Richard Horsman, Chief Executive Officer of Cybit Holdings Plc, said:
"GDS's decision assigning these telematics contracts to Cybit is a clear
indication that the Company is seen as the logical choice for any business
looking to refocus core activities.


"These contracts give us access to a valuable client base and will strengthen
Cybit's position in Scotland, building the Company's local profile and market
share. This further demonstrates our ability to identify opportunities quickly
whilst continuing to provide our customers with a high standard of service."


George Kolasinski (GK), Managing Director of Integra Telematics Limited,
commented:
"The current challenging market conditions have meant that we decided to put our
focus back onto the wider mobile communications market, and sought to offer our
clients a safe choice for their continued telematics services.


"We identified Cybit as the leading player in the market and therefore are
satisfied that it is the safe alternative for our customers. We are pleased that
our customers are going to receive the benefits of working with a world class
company such as Cybit and know that the service provided will be second
to none."


- Ends -

[aishah] 10/9/2009 12:00

Exel Computer Systems and Cybit join forces

UK based author of business management systems, Exel Computer Systems, has partnered with Telematics Service Provider, Cybit, to offer a fully integrated, out-of-the-box Field Service Management (FSM) and Vehicle Tracking solution.

Historically, companies would have had to invest in two separate systems to meet the challenges of delivering a complete mobile field service solution. This would necessitate a degree of data duplication on each system as well as increasing time and resources required to update and manage each system.

Rue Dilhe, Exel's Managing Director, explains how Exel and Cybit bring together unparalleled levels of expertise in this sector. "This agreement will allow Exel to offer an enhanced product to our customers by bringing together two very important, and yet historically separate business systems, namely the field service management system and the vehicle tracking solution. Companies that use our Eagle Field Service solution to manage and organise their remote service engineers will also be able to track and report on the location of those engineers in real-time, thereby improving operational control and increasing customer service levels."

Cybit's Group Sales and Marketing Director, John Wisdom comments on how the two solutions complement each other perfectly. "Cybit has a proven history of providing our customers with the right tools to manage a mobile service workforce effectively and profitably. By integrating with Exel's Eagle Field Service solution it will allow those same customers to implement a complete mobile management solution, which provides real-time information and resources to the field based engineers."

[cheshiremoggie] 10/9/2009 09:09

TFC is about twice the size of Cybit. TFC is about 5x the market cap of Cybit. Prospects for both companies are fairly similar in a growing sector.

You could easily argue that the Cybit share price ought to at least double from here just to catch up with the rating that TFC has.

OR you could argue that the share price of TFC is overvalued by at least 50%.

Take your pick.

CM.

[restassured] 10/9/2009 05:56

Very small cap companies are simply not in favour at the moment.
The fact that their own broker couldn't be bothered to attend the AGM speaks volumes.

When playing any sector it always pays to play the largest company.

TFC will make £8 million this year and £11 million next year.This is £3 million more than recent forecasts.They will pay no taxes because it has over £20 million of carried forward tax losses.

70% of its business comes from the USA,where it is the number 2 player.

Panmure Gordon has just raised the price target from 47p to 56p

Closed at 36.75p yesterday.

[bonio10000] 10/9/2009 05:18

"Anyway, they are what they are and they will not change, so either accept it or get out."

Typical PI. They seem to forget that the shareholders own the company.

Translate that line of thinking to the banks and see where it got us.

[sdavis] 10/9/2009 03:23

A lifestyle company is one where you get a very decent salary, maybe more than you would get in another job, and do not have to bust a gut week in, week out.

Not sure if this applies to CYH, but the salaries do seem very high.

Anyway, they are what they are and they will not change, so either accept it or get out.

And as to the future, they can only expand or be taken over. My personal view is that they get taken over by someone with cash to invest and take the external leases in house and save a load on leasing costs. Add the savings from the Directors that will no longer be needed and you have a very healthy p and L in 2 years time.

This needs RH et al to have a very nice exit payoff, which they may well have.

[bonio10000] 09/9/2009 12:58

Pretty shocking directors' packages.

Especially when they have options too.

Who said AIM was dead?

[cheshiremoggie] 09/9/2009 10:19

Interesting write-up.

What exactly is a 'lifestyle company'? The only thing I can think of is that it is a company where the directors get the 'lifestyle', however Cybit is doing pretty well on a business front so it is hard to be too critical of the directors pay.

What I would really like to see from Cybit in this current year is a really decent jump in profits (to about £3m) from the current business, some large contracts and one or two shrewd acquisitions that are earnings enhancing pretty much straight away.

If any or all of that happens, the share price ought to look after itself.

A dividend would be nice but only if it is sustainable and doesnt hit the growth capacity of the company.

Can I have all that wrapped up nicely for my Christmas present please.

CM.

[sdavis] 09/9/2009 09:37

I liked these comments....

"Cybit currently has the hallmarks of being a lifestyle company."

"If body language is a guide, this indicates that they are confident about the future prospects of Cybit. If that is the case, they now need to align shareholder interests with the interests of the directors."

Very pertinent!!!

[red imp] 09/9/2009 07:24

If you weren't one of the three PIs that attended the AGM:

[this_is_me] 04/9/2009 07:50

It is certainly going in the right direction.

[johndee] 04/9/2009 07:07

Maybe needs to go to £2 to get back to floatation price.........

[cheshiremoggie] 04/9/2009 01:21

Not exactly.

[anotherday] 03/9/2009 22:50

Thanks

So my holdings down to 8000 shares.

[sll] 03/9/2009 22:49

yes it did, 1:50, if I recall correctly, having also 'started' in 2004.

[anotherday] 03/9/2009 22:45

I bought 40000 Cybit holding shares back in year 2004. Did the company had share consolidation recently?
If not then my profit will be multiple of 20.
Thanks

[sll] 03/9/2009 17:24

thanks for sharing that tehart, very helpful. sadly, I did not make the AGM today, due to a late clash. any inputs here as to the main themes from that event would be well received. thanks in advance, steve

[tehart] 03/9/2009 16:44

Cybit Holdings (CYH, 36.5p, £10.02m) AGM statement has confirmed the group continues to make solid progress and is at the detailed evaluation stage on acquisition opportunities. Our last recommendation was a Hold at 36p on 13.07/09 as we are concerned regarding the availability of finance to fund growth and the use of established tax losses that will reduce reported EPS. Even allowing for a full tax charge the group is sitting on a 5.9x prospective PER, based on £2.4m pre-tax profits. The rating does leave upside and we change to a BUY with a price target of 45p.

[tehart] 03/9/2009 16:37

anyone attend the agm ? report please

[cheshiremoggie] 03/9/2009 08:57

A-ha, more acquisitions on the horizon.

It has been a successful strategy (at least in a business/financial way) so it is good to hear that they are still looking.

CM.