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CYH Cybit Hldgs

73.00
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cybit Hldgs LSE:CYH London Ordinary Share GB00B04QS651 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 73.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 73.00 GBX

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Posted at 28/12/2009 21:47 by buenos aires
Andre
Please dont feel you need to reply to my comments ,I really dont mind .
You didnt see me posting when Cybits share price was 22p .The board didnt care then ,so why all of a sudden care at the 37p point . The share price was at that level of 37p nearly 4 years ago , it didnt seem to bother them ,quoting market conditions at the time as a reason .
As far as MPS ,dont you think its a bit strange that there has been no postings since 14-12-09 on the Advfn bb . Thats a fact . Not one itchy-bitcy comment by anyone .

Are you not curious what reasons the takeover panel gives for their inaction.?
These people are part of the market and I suspect only intervene in extreme cases of wrong doing . Cybit has pitched the 75p for a purpose I suspect .

Telematics fortunes are set to change for the better in my opinion ,so why all of a sudden the need to "sell" for 75p , considering Cybit floated at 150p nearly 10 years ago .
To me there is more going on behind the scenes that has been made public.
If the board was that confident of the schemes success ,I would probably be the only person here talking to myself .
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 13/12/2009 07:37 by dealit
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.
Posted at 12/12/2009 20:31 by buenos aires
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 . )
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 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.
Posted at 21/10/2009 12:36 by sanity
Dividends may be a long way off with Cybit, the board have made their intentions clear that they plan to do so in the future. So I have put the following scenario together and will leave you to suggest the resultant share price

27,451,768.00 Shares
£0.01 Interim Dividend
£274,517.68 Distribution to Shareholders

£0.50 Assumed Share Price on Interim Announcement
2.00% Yield for 6 months
4.00% APR

? Share Price Post Interims
Posted at 25/8/2009 11:27 by sll
precisely! CM, Oh and just as a matter of idle interest, this morning, I profiled the CYH share price over the past 3 years against that of Standard Life - no sector or size relevance whatsover etc. However, an uncanny similarity in the 2 graphs. What does this suggest? maybe that some stocks move down and up with the general market and we all look endlessly for 'local' reasons why. Now, back to the comparison. Whose business prospects, scale, reach etc. have moved more (in relative terms) in that last 3 year period? SL. or CYH? In my view, and as a fan and small holder of SL., the first is pretty much as it was with a leaner cost base and a solid div. The latter is arguably a different group over a 3 year period, whose management have moved to transform their prospects.
Posted at 11/6/2009 07:56 by tehart
I expect Cyh to deliver numbers right on the nose. Ever since the accounting change this is exactly what they have done. With their own lease book they are in the fortunate position to proportionate what income goes onto the books (and when) which allows them (providing there is decent business) to show themselves hitting the numbers.

What is interesting to note is that the broker forecast is for £2.1m for the year ending March 2009 which is up from £1.6m (approx 30%) but the forecast for year end 2010 is £2.4m (15%). Based on the last 2 yrs I think we can take min £2.4m as a given for next yr

I am positive about Cyh medium to long term but doubt a rerating of 50% to 45p plus is on the cards based on the information and forecasts currently.
In 3 weeks when the numbers are published it will be about perception IMO.

What will be needed to get this really moving is some VERY postive statements on future business prospects, another aquisition, updated broker forecast and some further government contracts and of course some good press. All of which is extremely possible.

If the share price can show some sustained growth then I beleive we will see further aquistitions with shares being issued rather than cash which will hold the share price back a little which will not attract the shorter term punter. (fine with me)

If you check the share options that the dirctors have you will see that many of them cannot be vested until 2012. I beleive it is around this time (maybe 2011) that we will see the explosive growth from CYH.

For the time being I am happy to hold and add on the dips and see the 35p-40p range for the short to medium term.

All IMO.

t
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