Cybit Share Discussion Threads

[sanity] 29/9/2009 13:45

You need to pass the banner page. Although Abel is old news, good to see the US market giving Cybit coverage. Also the quite like the Price Chopper piece using RFID technology which Cybit now have after aquiring OXLOC last year.

[horsepower] 28/9/2009 18:08

Thanx Sanity - another excellent link.

[sanity] 28/9/2009 13:26

An institutional investors view on Cybit 3rd July 2009

[cheshiremoggie] 25/9/2009 21:31

Staggering!

LOL

[sanity] 25/9/2009 10:30

You do wonder what planet these guys are on. Comparing Software Providers to Financial Institutions with Cybit Holdings PLC being their peers.

[cheshiremoggie] 23/9/2009 13:20

I agree salaries are very high but....

I would rather invest in a company that is paying a bonus to its directors for increasing profits rapidly rather than a loss making company going bust.

CM.

[pedr01] 23/9/2009 11:10

I dare say that some people have been put off in the past by the salary scales and put their monies into MPS and EIT instead ...

[ghurah] 23/9/2009 10:40

btw not a holder yet but i have done my research, spreads def putting me off at the moment. Generally i like this company as it is in an interesting sector, 2 gripes i have though:
not just CYH, but generally telematic companies have complex accounts,
management salaries and bonuses to me seem extortionate for a company with a mcap of just 10m!

[horsepower] 23/9/2009 10:26

GHU - CNKS has been at bottom of bid and offer for weeks and not trading stock at all. This is the first active move they've made for ages.

[ghurah] 23/9/2009 10:15

hp, specifically the house broker cenkos is keen for some buyers hence keeps moving to encourage it. if the spread was to narrow further that would make PI's view it frequently

[horsepower] 23/9/2009 09:54

I keep track of trades on plus and Aim and volume is low on both. MMs do hold stock but nothing to write home about.

Edit: CNKS have come onto the offer. Not sure why, as for the last few weeks they haven't been involved with buying or selling CYH stock. I assumed they were going to stop trading as an MM for CYH but maybe not. Wonder what's woken them up?

[aishah] 23/9/2009 09:13

EPS plc saves ten percent on fuel costs through implementation of Fleetstar-Online

[sanity] 22/9/2009 22:32

Cybit are also traded on the plus market?

[tehart] 22/9/2009 18:44

I was also watching the slow walk up on low volume of the last few days with interest . . .

[sll] 22/9/2009 18:27

its beginning to feel as if the MMs are unable to fulfill buy orders. any views?

[orange1] 22/9/2009 09:42

The following seminar takes place tomorrow:

Cybit to hold a seminar on 'Next Generation Telematics Solutions' at Service Management Expo 2009

New telematics solutions evolve technology beyond vehicle tracking
Seminar will show how telematics can empower and inform strategic business decisions

Expo runs from 22nd to 23rd of September 2009

23rd September, 11:20am, Solutions Theatre, Service Management Expo, NEC Birmingham

John Wisdom, Sales and Marketing Director of Cybit, the UK's leading online Telematics Service Provider, will give a seminar about the shift to a new generation of telematics solutions at the upcoming Service Management Expo in Birmingham. During the seminar, John Wisdom will explain how telematics is evolving beyond basic "track-and-trace" to end-to-end asset management solutions that inform board-level strategic decision making on costs, carbon emissions, customer service and compliance.

The 'next generation' of proven telematics solutions provide extended data collection and reporting capabilities that allow them to effectively track business performance across a range of areas, from environmental control to finance. The information allows critical business decisions to be made in line with corporate and government targets, including optimising fleet performance, operational cost reductions, carbon footprint measurement and compliance with duty of care regulations, as well as underpinning customer service enhancements. The data and reporting produced by the systems have also been used to optimise back office operations, for example, timesheets produced by the system can eliminate lengthy paper-based processes for HR and Payroll, further illustrating benefits across multiple departments.

"The Service Management Expo is an ideal platform for senior managers and directors to explore the significant board-level benefits that second generation telematics solutions can provide to businesses," commented John Wisdom, Sales and Marketing Director of Cybit. "The seminar provides an opportunity to explain how telematics can take businesses beyond detailed vehicle tracking to provide strategic business support, as the solutions can have a direct effect on bottom line profitability and performance.

"Even in the current economic climate, fleet telematics has become a priority for organisations for improving operational efficiencies across multiple departments. This is evidenced by the surge of Cybit customers that now purchase additional capabilities and consultation support beyond location-based services," John Wisdom continued.

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.

[davidosh] 18/9/2009 21:11

sdavis....I think you have summed that up pretty well. I hope the directors listened at the AGM as that is exactly what we told them. Plus to ensure that forecasts and expectations are well communicated to the market.

[sdavis] 18/9/2009 20:58

To my mind this BB has it just about right.

- Excellent company
- good products
- good reputation
- growing
- profitable
- generating cash
- sector has huge potential
etc etc

and what is holding the share price back is
- confusion over the financing and accounting for leases (still!!)
- concern over the directors comp being so high that it is becoming comfortable (no house on the line here!).

Sort the concerns out and I think we could see a re-rating. If they remain then we stay around the 40p mark for 12 months.

[masurenguy] 16/9/2009 11:27

David: re#26600 - I'm not currently a shareholder (as already stated in post #26596 above) so I'm not in a position to request or demand any explanations from the Board.

My comments were to explain why I'm not a shareholder in spite of the fact that I like the company, it's products, it's potential and the sector.

I've seen shareholders interests being ignored and suffering in some other companies in the past and therefore I am particularly hot on this issue. Paul Myners was right when he chastised some of the big institutional shareholders for not taking a more active and responsible role in dealing with the avaricious behavoiur of some of the directors of the major banks that had to be bailed out by the taxpayer last year after the shareholders were virtually wiped out. I'm not suggesting that this will happen here but the balance of reward between the directors and shareholders is way to much out of kilter for my liking.

I'm also utterly incredulous that the CEO can obtain a bonus of over £200K (or 10% of pretax profits) and yet nobody can explain what the performance parameters were to enable him to qualify for this. Furthermore, how can a Board endorse the statement that results were in line with market expectations but when questioned not a single member could verify what those expectationse were !

Can you really be comfortable with an investment in a company where nobody on the board knows what their performance targets were but where the CEO is certain that whatever they were he has definitely achieved them and is therefore entitled to a bonus of 10% of the pretax profits !

Sorry, as a non-shareholder I'm not entitled to attend the AGM or to seek explanations from the company, but you certainly are !

[davidosh] 16/9/2009 11:24

I attend scores of AGMS....far too many to do write ups I am afraid. I am now concentrating on creating some value from my investment.

Why do so few of you go to AGMs ?

[billy18] 16/9/2009 11:17

if you were at the AGM davidosh,would you mind giving a summary
of proceedings,and your views,of the context in which they were
said.
thank you in advance

[davidosh] 16/9/2009 10:32

I totally agree on pay and remuneration. I would also like to see a new NED but how many of you attended the AGM to show the board how you felt as a shareholder and to try to create change ? NONE is the answer because I was one of the three present and I know the other two !

Why not at least write to the chairman of the company and remuneration committee to ask how these large payments were justified ie. what are the terms of the bonus payments etc.

[ghtt] 16/9/2009 10:16

Even the Chairman, whose role is very much advisory and very part-time, gets paid circa £100k, which is 2-3 times as much as most companies this size would pay.