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TEL Teliti

39.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Teliti LSE:TEL London Ordinary Share KYG8753W1042 ORD USD0.10 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 39.50 0.00 01:00:00
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 39.50 GBX

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Posted at 03/11/2011 13:46 by praipus
My thoughts too. Looking at the trades on ADVFN sellers have been hammering it all day. From what I know about the IT industry I think TEL will continue to do well and are in exactly the right place for the next ten years IMHO.
Posted at 28/4/2007 19:11 by blank frank
Comment by Chris Dillow from yesterday's "Investors Chronicle":-

"REASON VS INSTINCT Should we sell in May?

I HATE MAKING DECISIONS. THE LONG TRADITION running from Edmund Burke to Daniel Kahneman tells us, rightly, that reason is weak in the face of uncertainty. Instead, like a good Oakeshottian conservative, I prefer to follow tried-and-tested rules than use unaided judgement.
This is why I've been a long advocate of the 'sell in May, buy on Halloween' rule. It's worked well, on average, for centuries.
However, there's a good reason not to follow this rule this year. In recent years, the US dollar has been a great predictor of returns. Post-1990 relationships suggest the greenback is now so weak as to point to good returns in the next six months, even allowing for the usual summer weakness in the market. ... "

This may come as some relief to TEL shareholders with the shares still suspended ...

I'm expecting more news from TEL shortly. TEL's interim results for the six months to 31st. January 2007 are due by the end of April under AIM rules, which means that Monday is the last day to meet that deadline. Hopefully the results, and their accompanying statement, will show that TEL's recovery is continuing.

Fortunately the stockmarket can be very forgiving, and tends to value businesses more on future hopes than past problems. Yesterday's stockmarket dog can be tomorrow's stockmarket darling.

In this respect, the ideal time to buy a share may be when a one-off and temporary problem has temporarily depressed its share price. Is this the case with TEL? The more facts that come out, the more that I think it might well be.

I have sketched out a rough 'negatives-positives matrix' looking at TEL's recent travails and its reaction to them (obviously some things can be viewed both ways):-

Main negatives:
* anticipated move into pre-tax profits for the year ending 31.7.06 not achieved;
* Westcom acquisition has proven unsuccessful;
* accelerated write-down of assets;
* some loss of investor confidence in TEL's business model;
* some loss of investor confidence in TEL's management.

Main positives:
* a renewed focus by TEL on its core business (Westcom sold);
* repayment in full of all borrowing from the group bankers;
* a much leaner board of directors (resignations), and new Finance Controller;
* accelerated write-downs should mean lower write-downs in future than otherwise;
* higher tax losses may avoid more tax in future years.

MAI seem to be very successful with what looks like effectively the same business model as TEL; in theory therefore there's no reason why TEL should not also be very successful if it is well-managed.

B.F.
Posted at 13/4/2007 20:01 by blank frank
For the year ended 31.7.05 Westcom had turnover of over £800K., and probably about 20 staff; it was the earlier Clansey acquisition that had just a few staff.

The 28.10.05 Westcom acquisition announcement said that £350,000 cash was being paid on completion.

£150,000 of this has been repaid, i.e. apparently £200K. less than paid.

150,000 consideration shares consolidation-ajusted were issued at a deemed price of £2/share consolidation adjusted.
Therefore it looks like one quarter of those shares are being handed back, and 112,500 being retained: at TEL's suspension price of 44.5p, they're worth c. £50K.

I'm not clear about the situation re. the loan notes: £400K. of loan notes were converted to shares last October, but presumably some/all of these were not the Westcom loan notes? Today's announcement suggests that some of the loan notes were still outstanding: if say half were, and the other half were redeemed at say 63p, that would suggest a conversion into c. 158,730 shares: worth c. £70K. at 44.5p.

On this basis, the net purchase-sale cost of Westcom to TEL therefore appears to be £200K. in cash, plus any interest paid on the loan notes, and perhaps c. £120K. in shares at the current share price.

Overall, not too disastrous a sum for what has apparently been a bad acquisition. TEL appears to be cutting its losses on an acquisition that has apparently not worked out. It may have looked like a good acquisition at the time, as Westcom made pre-tax profit of c. £240K. in the year to 31.7.05; and Greg Hallett may have been responsible for examining its books. [Greg was the lead executive director for finance etc., and I believe had responisbility for acquisitions.] I wouldn't therefore blame TEL boss Jeff Williams for it; any acquisition has an element of risk and uncertainty.

SteMiS - 13 Apr'07 - 17:18 - 275 of 276
" ... I should stop really. It's far too easy to make fun of this lot, but they really are the most hapless lot I've ever come across. ...
... That should allow them to stumble on amongst the living dead of the AIM market, drawing their salaries. I once had some discussions with a similar bunch of no hopers about a takeover of their company. Unfortunately the termination cost of their employment contracts was nearly as much as the value of the company so no-one wanted to touch them. I guess we're pretty close to that here. ... "

I wouldn't say you should "stop": legitimate criticism serves a useful purpose. But let's make it accurate.

By "this lot", who are you referring to exactly? There are only two TEL directors left now, one of whom is non-exec. That must be one of the leanest boards on AIM. Probably no bad thing either, when the company is trying to save money. Two is probably all you need for a small company, as long as they're the right two. More may sometimes be largely for image, to please the City.

And how many listed companies have gone bust over the last ten years? A great many. Re. TEL however:-
"The cash proceeds of the disposal have enabled TMG to repay in full all borrowing from the group bankers."
That's a lot better than many other companies currently listed, and strongly suggests that TEL will survive.

As regards TEL's statement:-
" ... the directors have confirmed that trading in the group's core businesses remains robust."

This appears to vindicate what I posted at the end of last month re. TEL's substantial trading losses:-

Blank Frank - 27 Mar'07 - 20:27 - 266 of 276
" ... The trading losses were for a year ending nearly eight months ago. Could the situation now be different? It could be; e.g. if the company incurred sizeable costs in costing and winning contracts, before the revenues from those contracts started to roll in. ... "


B.F.

P.S. TEL's problems may well have stemmed largely from Greg Hallett and Westcom. As Greg Hallett has apparently now left, and Westcom has just been sold, that may well therefore create a good basis for recovery.
Posted at 02/4/2007 18:29 by blank frank
The Maintel share price is going from strength to strength; at 216.5p it's at another all-time high:-



And MAI directors have consistently increased their interest in the company:-

02/04/2007 10:53 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


01/03/2007 09:30 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


01/02/2007 12:05 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


03/01/2007 12:46 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


30/11/2006 15:41 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


10/01/2006 09:25 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc


21/12/2005 14:51 UKREG Director/PDMR Shareholding LSE:MAI Maintel Holdings Plc



Meanwhile, AT communications has bounced back well in the last month:-



And ATCG announced today that EIGHT ATCG directors/managers have today bought shares in the company at 39p a share:-

02/04/2007 14:17 UKREG Director/PDMR Shareholding LSE:ATCG AT Communications


The company has also just raised c. £2M. gross in a placing at 37p a share:-

02/04/2007 07:07 UKREG Placing of Ordinary Shares LSE:ATCG AT Communications


B.F.

P.S. BF2 - have you changed your e-mail address? - Delivery to the following recipients failed: blindfaith2@fsmail.net
Posted at 27/3/2007 19:16 by blank frank
Thanks Brechin.

Strange that Greg Hallett should have resigned on (or at least with effect from) a Sunday:-
26/03/07 15:28 UKREG Directorate Change
"Telephone Maintenance Group Plc
Telephone Maintenance Group Plc announces that Gregory James Hallett resigned as
a director from the board with effect from the 25 March 2007.
Enquiries:
Jeff Williams, Managing Director
Telephone Maintenance Group Plc 01527 881 800"


Coincidentally, the same day as I posted above:-
Blank Frank - 25 Mar'07 - 14:59 - 259 of 263 edit
" ... Hopefully the company will clarify what has happened to him in due course."

One might be forgiven for thinking that TEL were reading this board ...

I have mixed feelings about Greg Hallett's resignation as a director. He seemed a really nice guy, and a great 'people person', as well as being strongly committed to the company. However, he may well have been ultimately responsible for the fiasco over TEL's forecasts, and if so he had to go, if only to help restore TEL's financial credibility. I do though wish him well in the future. I would also like to welcome TEL's new Finance Controller, Mark Godfrey; perhaps at some point he will step up to being a Finance Director for TEL.

Another major step to help restore investor confidence (and support the share price) would be some director share buying when TEL's shares are de-suspended. This would be the first such buying since TEL floated two and a half years ago, and would not be before time. Neither of TEL's two remaining directors can be short of a bob or two, and after recent events it's the least that they owe long-suffering shareholders. There can be no excuses. If it doesn't happen, observers might justifiably wonder whether they really believe in the company.

So here's hoping that Messrs. Williams and Razzall will shortly razzle-dazzle us with some BIG director share buying.

Jeff Williams, Chief Executive Officer, TMG PLC:-





(Lord) Tim Razzall, Chairman, TMG PLC:-





B.F.

P.S. Any shareholder (or indeed non-shareholder) who agrees please post your support below.

P.P.S. TEL's directors will of course have to wait as necessary until any "close period" is not a restriction upon their buying. This may mean waiting until after TEL's interim results for the half year ending 31.1.07 ... though under AIM rules these are due by the end of April, so not long to wait.
Posted at 28/9/2006 19:14 by blank frank
There appear to be six other UK listed telecom shares starting with Tel ... though only one has that exclusive TEL ticker (I wonder if some of the others are a tad envious? ... especially ex Marconi Telent since its name change this January).

Just for fun, I will briefly compare their price charts for the last two years (where available) with TEL's:-

Telephone Maintenance Group PLC (TEL, LSE).


Telecom plus PLC (TEP, LSE). Telent PLC (TLNT, LSE).


Telephonetics PLC (TPH, LSE). Teleunit SpA (TLU, LSE).


Telit Communications PLC (TCM, LSE). Telspec PLC (TSP, LSE).


Closing mid price 28.9.06, and approximate* % change over two years or since listing if later:-
TEL 75.0p -62.5%
TEP 142.5P -49.6%
TLNT 504.0p -14.9%
TPH 20.5p -59.0%
TLU 4.75P -80.6%
TCM 32.5P -78.2
TSP 6.125P -51.4%
[Average: -56.6%]

Using TEL's IPO price (175p) instead of its first day close of 200p, and the figures are:-
TEL 75.0p -57.14%
[Average: -55.8%]

*Except for TEL, the old prices used are BigCharts opening prices for 29.9.04, which are the closest (re. date) to those 28.9.04 closing prices I can find. TEL's old price is what I believe its actual closing mid price on 28.9.04.

[N.B. All TEL's share prices have been adjusted as necessary for TEL's 50 into 1 share price consolidation last month.]

B.F.
Posted at 21/9/2006 10:50 by waldron
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.



Alcatel and Nokia collaborate to extend business telephony


Intellisync Call Connect from Nokia integrates Nokia Eseries with Alcatel OmniPCX

Paris, France and Espoo, Finland - Alcatel (PARIS: CGEP.PA and NYSE:ALA) and Nokia (NYSE:NOK) have announced a collaboration which extends Alcatel's business telephony offering to the mobile workforce by way of the Nokia Eseries, a range of business class devices. The Intellisync Call Connect for Alcatel, is a Nokia offering designed to integrate Nokia Eseries devices into the Alcatel IP Communication server. The collaboration reaffirms both companies' commitment to mobilizing business communications.

Intellisync Call Connect for Alcatel capitalizes on the capabilities of the Alcatel OmniPCX Enterprise as well as the power of Nokia Eseries. With the solution, popular desk phone functionalities are available to the mobile user. For example, employees manage just one business number, and control where and when and on which device they receive their calls. Additionally, the benefits of the office phone, such as call conferencing, call back, and dial by name are delivered with the ease of use of Nokia Eseries, within the enterprise environment.

While employees enjoy the freedom to work from any location, enterprises can enjoy the increased accessibility of employees and profit from substantial cost savings. The IP telephony infrastructure enables companies to take advantage of Alcatel's Least Cost Routing capabilities, significantly reducing international mobile calling charges and providing greater control of overall communication costs.

The solution brings added transparency to the company's telephony cost structure by making the billing records easily available, and can help companies identify costly elements in their telephony system. The information provided by the solution can assist a company to plan and build the most efficient telephony system for its business.

"Together with Alcatel, Nokia has a great opportunity to expand the adoption of converged mobility solutions," said Scott Cooper, Vice President, Mobility Solutions, Nokia. "While enterprise voice solutions from Nokia are designed to work with leading enterprise communications solutions, the introduction of the new solution that integrates Nokia Eseries with the Alcatel OmniPCX is a significant milestone for us. Alcatel and Nokia are at the forefront in bringing solutions to the mobile marketplace that help overcome the barrier between fixed and mobile communications, thus making business communications more efficient both in and out the office."

"Alcatel and Nokia are teaming up to give both the business and the employee greater flexibility in their daily communications," said Jean-Christophe Giroux, President, Alcatel enterprise solutions division. "With a business enabled mobile phone, employees have the freedom to work where it is most productive, while enterprises receive the benefits of predictable and controllable communications costs and enhanced customer service, as callers make immediate contact with the right person. Together, Alcatel and Nokia are delivering on our commitment to mobility and the enterprise."

The new Intellisync Call Connect for Alcatel offering is part of the Intellisync Mobile Suite from Nokia. The Nokia business portfolio also features the high-performance Nokia Eseries devices which combine attractive and easy-to-use designs that appeal to individual business users with underlying technologies that allow IT departments to effectively manage security settings, corporate applications and data, and software that enable mobile applications such as email, enterprise voice and device management.

Alcatel's OmniPCX Enterprise is an integrated, interactive communications solution that delivers Alcatel's Cellular Extension software to enable Intellisync Call Connect. Currently, Intellisync Call Connect for Alcatel utilizes the cellular network to connect to a company's PBX infrastructure, and will be enhanced to support both cellular and WiFi networks with dual mode phones in the near future.

The solution will be available during the fourth quarter of 2006 through Alcatel and Nokia resellers, a few of whom commented on the opportunity:
"Trials of the Intellisync Call Connect for Alcatel solution within NextiraOne are going extremely well," said Neil Moss, Marketing and Strategy Director for NextiraOne. "Employees have given us very positive feedback on the system's ease of use, rich features and tight integration of the Nokia and Alcatel technology. Increased enterprise mobility is a key factor in helping our customers change the way they do business and Intellisync Call Connect represents another major step towards truly unified communications, which lies at the heart of NextiraOne's go-to-market strategy."

"Our enterprise customers are going through a shift as they are evolving their business voice communications systems from separate fixed and mobile infrastructures into one converged system," said Anders Nordin, Director Product Management at TDC Dotcom, Sweden. "Our role, as a systems integrator dedicated to serving the enterprise customer, is to help our customer plan their investment by mapping out their current and desired status, resources and other factors. The new solution for Nokia Eseries will be a key element in merging the two systems."

"There is a growing need to enhance mobility among enterprise users. Our customers expect to access business voice applications with their mobile devices with the same level of functionality, reliability and security as they are used with fixed and IP telephony services. With the introduction of Intellisync Call Connect for Alcatel from Nokia we can respond to our customers' needs precisely and strengthen further our fixed and wireless IP telephony strategy," says Jorma Mellin, Product Director of TDC Song, Finland.

About Alcatel
Alcatel provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees. Alcatel brings its leading position in fixed and mobile broadband networks, applications and services, to help its partners and customers build a user-centric broadband world. With sales of EURO 13.1 billion and 58,000 employees in 2005, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet:

About Nokia
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.

Media Enquiries:

Alcatel
Stéphane Lapeyrade
Tel. +33 (0)1 40 76 12 74
E-mail: stephane.lapeyrade@alcatel.
Posted at 13/9/2006 07:39 by stemis
I fully agree that a strong TEL share price and healthy rating is important to an acquisition strategy, and I believe that TEL's directors fully realise this.

Do they?

It is now over 3 weeks since I wrote to TEL outlining how they could improve their web site for private investors (e.g. downloadable pdf files of any/all of annual reports/interim results/broker research/listing prospectus). So far no reply and no changes to web site. Considering how little effort it would take to do these things, it would be worrying if they thought they had better things to do.

It is ironic that a company involved in communications is itself so bad at communication!
Posted at 12/9/2006 20:12 by blank frank
Welcome to the new TEL thread Kimboy2 - nice to hear from you again.

I fully agree that a strong TEL share price and healthy rating is important to an acquisition strategy, and I believe that TEL's directors fully realise this.

Fortunately, the TEL share price is now moving in the right direction, and a good set of final results should help to continue that.

Acquisitions are though only part of TEL's 'story' - organic growth alone I believe makes this an exciting investment.

B.F.
Posted at 11/9/2006 20:20 by blank frank
Blindfaith2 - 11 Sep'06 - 14:09 - 29 of 30
" ... It would be interesting to see some information regarding sales mix as I expect the hardware side to be fairly competitive margin wise, with the profits in the maintenance contracts. ... "

BF2,

I'm not sure that's the case actually.

From the 28th. September 2004 research note by Hardman & Co. (the most recent TEL research note I have been able to obtain):-

"System Sales account for 43% of revenue, and has almost doubled over the past two years. System sales are in general made to maintenance customers who need to update or unify their systems, rather than the other way round.
Technological advances, such as automated switchboards where the payback in labour savings is less than twelve months, more sophisticated voicemail, and automated call transfers are driving the demand for new equipment.
Because TMG is not bidding for new business but merely servicing its existing customers, its cost of acquisition for new business is low. It also finds less pressure to quote crazy margins. Most telecoms equipment manufactureres allow their resellers a margin in the region of 40%. With volume rebates and other incentives, and the mark up on installation and staff training, TMG is able to improve on that."

In this respect, TEL's recent "TMG plc Shareholder News" contained quite a bit of encouraging detail on TEL's recently announced contract extension/wins.

All these new customers, and more, are apparently embarking upon CAPEX (capital expenditure) programmes to upgrade their telephony systems:-

"Travis Perkins
www.travisperkins.co.uk
2005 turnover £2,640.8 million
TMG Telecom deliver a seamless national telecoms service for all 1000 sites, the success of this three year partnership has been rewarded with a new three year contract agreed till May 2009.
Travis Perkins is a leading company in the Builders' Merchant and Home Improvement markets. Our service to Travis Perkins includes account management and fulfilment of all Travis Perkins telephony services including maintenance, engineering support and customer service to all sites across the UK. TMG telecom manages and 100% fulfils, a CAPEX rollout programme of telephone systems which will enable Travis Perkins to benefit from the operational efficiencies of VoIP technology, as well as providing voice and data consultancy advice. ...

HMV
www.hmvgroup.com
2005 turnover £1,885.6 million
TMG Telecom has secured a new maintenance contract to support all 229 high street retail outlets across the UK.
HMV is one of the most well-known and respected music and video retail brands around the globe and as part of HMV group, Waterstone has recently been acquired.
TMG Telecom delivers national maintenance coverage and are providing resources to implement their CAPEX rollout upgrades to IP based telephony and data infrastructure.

Lookers Plc
www.lookers.co.uk
2005 turnover £1,231.6 million
TMG Telecom successfully won the maintenance contract to support the telephone infrastructure for 75 national car dealership sites.
Lookers plc is a multi-franchise main dealer group with sites across the UK. Impressed with TMG Telecom VoIP experience, manufacturer range of engineering support and UK coverage secured TMG the maintenance contract in February 2006. Lookers have asked TMG Telecom to work with their management team to formalise an investment programme to increase the efficiency of their telephone infrastructure.

Osborne
www.osborne.co.uk
2005 turnover £224.5 million
This contract became operational in May 2006, TMG Telecom has delivered efficiencies and network savings through implementing a complete managed service tailored to 49 sites.
Osborne's is a UK construction business focused on building and maintaining railways, roads, homes, hospitals, schools and offices. Core to Osbornes and TMG Telecom working effectively together is the agreed "Telecommunication and Managed Service Agreement" which is given to each of Osbornes` sites. This document simply and clearly provides information on how to access all telecoms resources, service processes and service level agreements. Benefits to Osbornes` continue to be: cost savings of fixed line services accessible online, administration efficiencies of a "one stop service" and a managed programme of VoIP technology.

Allpay.net
www.allpay.net
Westcom Technical Services (a recent acquisition) has secured a large installation project to provide infrastructure capability to Category 6 standard. This is one of many infrastructure upgrade programmes secured by Westcom to enable fast data and voice network performance.
Allpay.net is the UK's most complete Payment Solution Specialist, with over 40,000 UK outlets offering modern payment solutions to any industry requiring any kind of revenue collection."



This suggests that TEL's selling of systems to its maintenance customers is very successful, fuelled by the current move to VoIP (voice over internet protocol) technology. This should not only be great for TEL's turnover, but also its profit, as margins here are so good.

This underpins my optimism for TEL's results in 2006 and 2007.

B.F.
Teliti share price data is direct from the London Stock Exchange

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