Enables IT Share Discussion Threads

[robinhood5] 02/10/2008 12:08

Seems like yet another eagle-i "one-off". How many more of these do they have? They must be doing something right to be attracting these major contracts!

[ursamajorra] 02/10/2008 07:12

Great news.

[pedr01] 31/8/2008 08:00

You should look at how much business you buy for your money. At 3.5p, and a PSR of nearly 10 (from iii - can't be bothered to work it out) you are looking at waiting 10 years before you even see 3.5p worth of business done let alone make any profit because you are loss making.
Let's be honest, you didn't buy it as an investment, but as a punt that someone will be even more optimistic than yourself and is prepared to bid it up to 15, maybe 20X sales. The last uptick due to a couple of buys totalling £3000 raised the company valuation by 25%.

You should buy some more - lets pro-rata it - if you buy £12000 more, then reasonably, you should at least exect it to double your money - not just on the extra wonga but your entire portfolio.

You will be rich, rich, rich ...

[lucky punter] 30/8/2008 21:26

Pachnes
Your last few lines above is just bizarre, they are the reasons not to hold EIT and to hold cybit. EIT has increased 300% and the company have done nothing but increase their losses. Cyh have remained static whilst the company have displayed genuine growth and profit. That is a great reason to invest in Cybit

[pachnes] 30/8/2008 12:42

Goldenmember, Pedr01;

I really struggle to understand your comments as PI's. Surely, as PI's you're looking for value, for a company that's a potential turnaround case, a potential rising star.

EIT has been a badly managed, underperformer since it came to the market. However, a new management team has been installed and in a little over 12 months they have:

- developed and released new, innovative, award winning products

- Increased sales by 40%

- Reduced losses

- Won a major pan-European contract from a global insurer that creates a sales platform in 13 countries

- Set expections that they will make further contract announcements..."The Company is currently engaged in advanced discussions with several leading players within the automotive services, leasing, insurance, fixed and mobile telecoms and risk management sectors and I would expect to be able to make further announcements in this respect over the coming months. The Board believes the Company is now well positioned for the next phase in its growth strategy".

Cybit might well have increased their sales by a comparable percentage, but as a PI, it's of little benefit unless it reflects in the share price Bottom line - it hasn't for the last 12 months, and personally, nor can I see it doing so over the next 12.

EIT's share price has risen by over 300% during the last 12 months, so as a PI, where do I invest, CYH or EIT???

[pedr01] 29/8/2008 21:18

Number of shares in issue 201,367,111
Number of shares not in public hands 188,698,244 93.71%

Don't know why they bother maintaining the listing. It's already been taken private by stealth via all the dilutions over the years as they issue more and more paper in respect of debt.

This isn't an operating company ... it's someone's hobby ...

[goldenmember] 29/8/2008 20:59

panaches, how can you call growth from £500k to £700k good! This Company has been on the markets for many years and apart from racking up millions in losses has never gone anywhere! Having looked at Cybit's numbers, the 62% relates to a business turning over £19m! They also posted sales growth of over 40% but from £13m not £500k. I suggest that the sluice gates are well and truly open.

[lord herbert] 12/8/2008 18:09

This RNS gets better every time I read it:

1. Eagle-i now have a platform to grow their business in 13 European countries - wow.

2. How many vehicles do Axa Assistance use to provide breakdown and recovery services across Europe - it must be 1,000's if not 10,000's.

3. Axa Assistance intend to use Eagle-i technologies and services to enter the eCall market - that's a potential market measured in telephone numbers.

4. Axa Assistance also intend to use Eagle-i technologies in their medical and home assistance businesses - no idea what this means, but it can't be insubstantial.

5. Eagle-i's strategy seems to be to grow the business in collaboration with blue-chip partners with a European presence. Could there be more announcements in the pipeline?

RNS Number : 1313B
Eagle-I Holdings PLC
12 August 2008

Eagle-i Holdings PLC
New Contract

AXA Assistance awards pan-European geolocalisation contract to Eagle-i

Eagle-i Holdings PLC (the "Company") announces that AXA Assistance, a subsidiary of AXA Group, has awarded a major contract to Eagle-i Telematics Limited ("Eagle-i"), a subsidiary of the Company, to supply a range of telematics-based geolocalistion services to its operations in 13 European countries.

Eagle-i solutions will enable AXA Assistance to quickly locate the nearest breakdown and recovery vehicle to an incident, dispatch instructions to the driver and provide the customer with a more accurate estimated time of arrival.

The partnership with Eagle-i will also enable AXA Assistance to meet the emerging
requirements of the pan-European e-Call initiative, the European Commission led project to bring rapid assistance to motorists involved in collisions anywhere in the European Union.

The same Eagle-i technologies will also be adopted to improve response capabilities within AXA Assistance's medical and home assistance businesses.

Ian Walmsley, Chief Executive of Eagle-i, said: "This new business win is a solid example of our partnership-based growth strategy, which aims to develop differentiated and sustainable propositions in collaboration with market leading organisations that can provide significant pan-European reach".

For further information, please contact:

Eagle-i Holdings PLC 01928 795 400
Rodney Graves or Ian Walmsley

[hyper al] 12/8/2008 09:28

I thought this company had nothing to offer, well I got that wrong!

no trades!

[pachnes] 12/8/2008 09:21

RNS Number : 1313B
Eagle-I Holdings PLC
12 August 2008


Eagle-i Holdings PLC

New Contract


AXA Assistance awards pan-European geolocalisation contract to Eagle-i

Eagle-i Holdings PLC (the "Company") announces that AXA Assistance, a subsidiary of AXA Group, has awarded a major contract to Eagle-i Telematics Limited ("Eagle-i"), a subsidiary of the Company, to supply a range of telematics-based geolocalistion services to its operations in 13 European countries.

Eagle-i solutions will enable AXA Assistance to quickly locate the nearest breakdown and recovery vehicle to an incident, dispatch instructions to the driver and provide the customer with a more accurate estimated time of arrival.

The partnership with Eagle-i will also enable AXA Assistance to meet the emerging requirements of the pan-European e-Call initiative, the European Commission led project to bring rapid assistance to motorists involved in
collisions anywhere in the European Union.

The same Eagle-i technologies will also be adopted to improve response capabilities within AXA Assistance's medical and home assistance businesses.

Ian Walmsley, Chief Executive of Eagle-i, said: "This new business win is a solid example of our partnership-based growth strategy, which aims to develop differentiated and sustainable propositions in collaboration with market leading organisations that can provide significant pan-European reach".


For further information, please contact:

Eagle-i Holdings PLC 01928 795 400
Rodney Graves or Ian Walmsley

[lucky punter] 18/6/2008 18:54

I conclude that you are rather stupid.

[pachnes] 18/6/2008 18:33

LP; I rest my case on the verbose immateriality of your response.

[lucky punter] 18/6/2008 18:06

Pachnes
I will take it real slow for you. Cybit have more than 50 customers that use the Cybit/NU telematics enabled fleet product including sainsburys and other large users. Cybit are the largest supplier of telematics enabled fleet insurance. You may not like the answer but it is true.
As you have previously stated "why would NU limit themselves to one supplier". Indeed why would they limit themselves to Meta. Cybit had the pilot scheme exclusively then it was opened up to any telematics company that could conform to the specification.

[pachnes] 18/6/2008 17:48

LP, numbnut, numpty, pied piper; let me take it real slow for you...bless...

You say, "Cybit are the largest supplier of telematics enabled fleet insurance in Europe".

I say, to be such, Cybit's systems must be adopted by or recognised by one or more insurance companies.

If as NU have made clear to their broker partners, they no longer use Cybit technology in their fleet telematics products, tell the audience exactly which insurers do.

Careful with your answer this time, because I will test its accuracy.

[pachnes] 18/6/2008 17:17

Ped; it's fairly widely known that NU's logo disappeared from Cybit's homepage and partner page without any meaningful explanation last autumn. My insurance broker investigated on my behalf and was told by NU underwriters that they had ceased sales of the Fleet Telematics product and terminated their relationship with Cybit. Moving forward he was told that NU was offering a new telematics product called Care or Care Plus and that the new product was exclusively supported by Meta Systems.

[hyper al] 18/6/2008 06:49

Nice to see some action on this thread after years of nothing.

[lucky punter] 18/6/2008 06:43

Pachnes
It is not for you to set the agenda you arogant fool. Do you homework school boy.
Ring up one of the dedicated fleet insurance specialists retailing the Cybit fleet product. There is one in Hull and one in North Kent amongst others. Cybit do not have a relationship with any other fleet insurer. Norwich Union do not have an exclusive deal anymore and the original deal was just for the pilot period, we knew that from the start. Cybit made 21 sales during the pilot period and got a headstart on the competition. Cybit are the largest supplier of telematics enabled fleet insurance in Europe but that is not difficult as only two or three companies offer it.
It has not been massively popular as fleet insurnce topped out about three years ago and has actually remained flat since. Attention has focused on fuel prices and the fleets are less interested in Insurance.
Enjoy your education telematics novice.

[pedr01] 18/6/2008 04:32

Pach ... could you please post some links ...

thanks loads ...

[pedr01] 17/6/2008 22:36

Could you please post some links Pach ...

I did find something about re: Norwich Union and Meta Systems, but nothing to say it was exclusive.

I found nothing to say NU terminated Cybit.

Always interested in something I may have missed.

[pedr01] 17/6/2008 22:36

Could you please post some links Pach ...

I did find something about re: Norwich Union and Meta Systems, but nothing to say it was exclusive.

I found nothing to say NU terminated Cybit.

Always interested in something I may have missed.