Enables IT Share Discussion Threads

[qut] 11/9/2007 21:54

T*ts up Telematics? How does that sound?

[red imp] 06/9/2007 07:06

Golden

However there were some survivors. This could go down with all hands.

[ursamajorra] 06/9/2007 06:19

lucky punter

You should get out more.

Get a life.

[goldenmember] 05/9/2007 20:58

... and went down very fast with very little fuss!

[red imp] 05/9/2007 19:26

But the Titanic was big . . . .

[lucky punter] 05/9/2007 17:28

I hear they are considering Titanic telematics as a new name. Its ridiculous to worry about this detail, try finding some customers.

[red imp] 05/9/2007 14:55

They don't seem to be able to make up their minds about the name of this company.

In June they wanted to change it to Eagle-i Telematics. In July they decided that it should actually be Eagle-i Holdings. Now they don't seem sure as to whether they should actually change it or not

[lucky punter] 04/9/2007 20:11

Pachnes
There was much discussion over the Walmsley departure at the Cyh AGM today. Mr Horsman clearly wishes him luck in his new venture and said that there comes a time when some lower management have to move on in order to progress. He was not specifically refering to Mr Walmsley as that would be very unprofessional of him but went on to say that with the last three acquisitions have come quality staff and many roles were duplicated so some people had to go.
Cybit have announced a 6 million turnover for the first 4 months of the current year more than double last year. I note the rise for Eit and the alarmingly low gross margin at 50%, I wonder how they can get that to the average 65%+.
The EIT turnover is woefully small and even if they grow turnover by 50% each year which is a huge ask given the dire financial situation. It will take nine years to reach 30 million turnover.
I can not see what is holding up the SP, PURE WISHFUL THINKING ?.

[pachnes] 03/9/2007 08:48

Walmsley has been in since March. He has delivered a much improved H1 position and the Company says it is optimisic of building H2 revenues. The Company would not offer this kind of incentive unless they were convinced they had the right man and expected great things of him moving forward.

The options are clearly conditional on performance - if Walmsley is able to build a £30m+ business from what he inherited, I think the options deal would be good for both Company and shareholders.

[colcard] 03/9/2007 08:40

be interesting to know what price you could sell 5.7m+ shares at now in this co?

[red imp] 03/9/2007 08:00

It smacks of desperation when they are willing to give him a quarter of the company at an exercise price less than todays share price.

[sdavis] 03/9/2007 06:36

Dilution without having raised cash: stunning. Mind you, they have no cash to pay him properly so options are the only way.

[ursamajorra] 03/9/2007 06:27

RNS Number:1352D Eagle Eye Telematics PLC 03 September 2007


Eagle Eye Telematics plc
Issue of options


Eagle Eye Telematics plc ("Eagle Eye" or the "Company"), the provider of integrated telematics technologies, solutions and consulting services to the fleet and risk management markets, announces the issue of options to subscribe for a total of 58,036,922 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to Ian Walmsley, director of the Company's trading subsidiary, Eagle-i Telematics Limited, as follows:

i) an option to subscribe for 5,714,285 Ordinary Shares under the Eagle Eye Telematics plc Enterprise Management Incentive Scheme, exercisable at a price of 1.75 pence per share at any time before 1st March 2017, and subject to the satisfaction of certain performance conditions; and

ii) an option to subscribe for 52,322,637 Ordinary Shares under an unapproved option scheme, exercisable at a price of 1.75 pence per share at any time before 1st March 2014, and subject to the satisfaction of certain performance conditions.

If these options were exercised in full, and assuming no other Ordinary Shares are issued by the Company, Ian Walmsley would hold 58,036,922 Ordinary Shares, representing 23.84 per cent of the enlarged share capital of the Company.

[qut] 02/9/2007 20:41

thanks for your concern

[sdavis] 01/9/2007 07:15

Take care here. Only 6% of shares trade on the market. Large director loans could be converted to equity to further dilute. Look at the market cap and judge if it is worth that c/with others in the market.

[trentjones1] 31/8/2007 12:52

GET INTO CGX (CHROMOGENEX) OFFER OF 10P PER SHARE IMMINENT

[bonio10000] 31/8/2007 10:17

so it's worth 40% of CYH

dream on.

can't seeing it ever being more than niche. Economies of scale will out in the next few years in this sector.

[fegga] 31/8/2007 10:12

10p by xmas then ...

dont worry LP i'm kidding - you're such a fun guy.

[ursamajorra] 31/8/2007 09:39

mm`s not keen to sell.

[ursamajorra] 31/8/2007 09:37

pachnes certainly called this one right.

Chairman's Statement

The first six months of the financial year have been a time of significant
change, particularly the period from March, which saw the introduction of our
new management team, led by Ian Walmsley. Ian joins us from Cybit where, as
Director of Partnerships, he established and led the development of their
indirect sales business during a period in which the company grew its total
revenues from #623k to #13.2m.

The management team has been further strengthened by the appointment to the
board of Eagle-i Telematics Limited, the company's trading subsidiary, of
Operations Director, Steve Webster and Sales Director, Derek Walmsley, who also
joins from Cybit, where he was Director of Field Sales operations.

Given the significant management changes, it is encouraging to see the business
making steady progress in the first half of the year, with sales up 62%, gross
margin up to 50%, losses after taxation down 21% and the continued growth of
recurring revenues, which now cover 34% of overheads.

[ursamajorra] 31/8/2007 09:33

Struggling to buy any quantity.

[qut] 28/8/2007 22:40

lucky punter certainly called this one right.

[goldenmember] 28/8/2007 12:14

Flat lining again now! Call the crash team!

[bearstalker] 23/8/2007 15:13

What, share price down again what a surprise!

[qut] 19/8/2007 22:40

Spot on lp.