Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25p -1.73% 127.50p 127.75p 128.00p 131.50p 126.25p 129.50p 4,194,041 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 299.8 15.5 11.7 11.5 162.90

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Date Time Title Posts
16/8/201720:41Telit Communications plc5,174
12/8/201722:44A rosy future2
01/11/201312:27Telit Communications180
05/11/201122:47Machines TELIT to each other with Telit Communications M2M modules309

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Telit (TCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:14:34129.0244,59757,541.09O
16:14:31129.0244,59757,541.09O
16:12:50127.991,3741,758.54O
16:07:21127.6438,89849,647.91O
16:05:20129.984355.89O
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Telit (TCM) Top Chat Posts

DateSubject
16/8/2017
09:20
Telit Daily Update: Telit Communications is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TCM. The last closing price for Telit was 129.75p.
Telit Communications has a 4 week average price of 100.25p and a 12 week average price of 100.25p.
The 1 year high share price is 379p while the 1 year low share price is currently 100.25p.
There are currently 127,760,992 shares in issue and the average daily traded volume is 23,575,989 shares. The market capitalisation of Telit Communications is £162,895,264.80.
14/8/2017
23:33
tsmith2: maybe that share price is an opportune moment to add heavily, as he done?
14/8/2017
08:54
andy: kirk 614 Aug '17 - 07:36 - 4846 of 4896 2 0 Qpp didn't go bust get your facts right No you're correct, it WOULD HAVE GONE BUST had Slater and Gordon of Australia not ignored the warnings everyone in the UK saw, and come in to bail it out! And what gas happened to SGH shares since taking over QPP? The have fallen from 8 DOLLARS to 8 CENTS! Those are the facts! "This will rally hard today and shorts closing will excentuate the morning spike in share price". No just a few PI's lured in by the RNS early doors, I don't think anyone seriously believes they have done a complete audit over the weekend! I expect it to fall back later.
14/8/2017
07:49
elcapital2017: This is the day that mug punters say" well theyve said all is fine so why is the share price dropping again, I dont understand" Watch
14/8/2017
07:36
kirk 6: Qpp didn't go bust get your facts right This will rally hard today and shorts closing will excentuate the morning spike in share price.Markets due to open higher as well
13/8/2017
10:29
elcapital2017: How stupid are you Kirk on a level of 1-10, with 1 being low?? About 27?? I was short from an average of 124p, and they did go down to 35p in between. Dont let the facts get in the way of being a stupid mug punter. It was bust, and only got out fof it though a stupid deal with SGH who were $8 then and are now 20 cents. SFO all over QPP and the FCA also waiting for results from sfo anf legal action being taken against them. Guess I was wrong all along. ! But well done, you have given me even more accreditation, not that I needed it. So, who do you think is right on this one? kirk 613 Aug '17 - 09:28 - 4638 of 4654 1 0 Elcaptial were you not in Qpp spouting bust all the time at 35p? The share price went on to 4 fold
12/8/2017
21:38
lyme regis1: A Market capitalisation of 162 million based on todays share price. This weeks half year accounts show total equity and liabilities at 351 million. This share is well oversold and any vultures are aware of this, look out for an offer soon or the share to jump back up imo.
12/8/2017
09:45
kirk 6: This will be back above £1.60 next week as the price is way oversold. Makes no difference to the Finacial position of the business. £2.90 - £1.25 is far to extreme. Monday morning will likely see a surge in share price
11/8/2017
23:19
bbmsionlypostafter: This is getting stinkier & stinkier. Https://www.ft.com/content/753d0446-7d01-11e7-ab01-a13271d1ee9c Telit sinks over fears cat is out of bag for CEO Tech company probes whether chief Oozi Cats is same man as Uzi Katz indicted in US 6 hours ago by: Nic Fildes, Telecoms Correspondent There are more than 20 Uzi Katz that spring up in Boston, Massachusetts when searching online for the person and US city. Their number include a real estate mogul, a florist and the founder of the supposedly influential band Uzi Katz and the Vying Violas. But checks made in the real world show those with the most colourful histories, including that celebrated musician, do not actually exist — they are fictions that can be mainly sourced to an Israeli search engine optimisation (SEO) company. While the art of SEO is to promote genuine businesses to the top of Google search pages to boost sales, in this instance, the opposite has been achieved, only serving to bury mention of a real Uzi Katz and an alleged misdemeanour from long ago. Pushed downpage by the fake Uzis — until events this week — is a link to a 1992 article about an Uzi Katz named in a wire fraud trial related to a scheme to “flip” 41 properties in eastern Massachusetts. That piece of unresolved criminal history in Boston cast a pall over a London-listed Israeli technology company on Wednesday, with its chief executive Oozi Cats having to take a leave of absence. Telit Communications launched an urgent investigation into whether there was a link between their CEO, who has led the company since 2000, and the accused man in Boston. That Mr Katz, and his wife Ruth Veronica Katz, were indicted for wire fraud, according to court documents reviewed by the Financial Times. Warrants were issued, but the couple became fugitives. Mrs Katz fled the country after posting bail, despite having her Israeli passport confiscated, according to a bench warrant. Court documents do not show that either warrant has been dismissed. A land flip occurs when a property is bought and sold several times in quick succession using “straw” buyers. After the value of the property has been fraudulently inflated, the co-conspirators obtain a mortgage in excess of the amount a mortgage lender would be willing to advance to buy the property. The unresolved case is now at the centre of the investigation ordered by Telit’s board and being carried out by the law firm Cameron McKenna. It had already been a tough week for Telit and Mr Cats, with the issue of a damaging profit warning on Monday, ahead of the shock announcement on Wednesday that it was looking into “speculation regarding historical indictments in the United States of America of Telit’s Chief Executive Officer, Oozi Cats, in respect of matters which are unrelated to Telit and significantly predate its establishment”. Mr Cats did not return calls and Telit’s board declined to comment ahead of the investigation’s findings. On Monday, Mr Cats had said he remained “confident” of Telit’s prospects for the second half, despite cutting the dividend and warning on profits and cash. Telit highlighted an order from Tesla for its Model 3 cars as a reason to expect higher revenue over the next 18 months. Morgan Stanley described a 35 per cent drop in the share price as an “over reaction” and Mr Cats bought 400,000 shares as a show of his faith. He had sold £24m worth of stock in May, not long after the stock peaked at 375p, in order to repay a loan. He bought the shares this week at an average price of 171p, which raised his stake in the business to nearly 13 per cent. The stock crashed again on Wednesday after Telit opened its investigation and ended the session at 149p. It had lost half of its value over the three days. Mr Cats had stayed in London to meet investors, but agreed with directors to take a leave of absence during a heated board meeting on Tuesday night. An Israeli citizen, he led the listing of Telit Communications on London’s Aim market in 2005. He took control of the business in 2007 alongside Franco Bernabè, the former chairman and chief executive of Telecom Italia, who bought out the fund and majority investor Polar Investments. Telit has strong financial links to the Italian government, which has provided €76m worth of funding in the form of loans and grants between 2006 and 2016. Telit specialises in machine-to-machine wireless technology, now known as “the Internet of Things” (IoT), and operates out of Israel, Italy, South Korea and Cyprus. It enjoyed a valuation of £500m in April, making it one of Britain’s largest listed technology companies as demand for IoT technology continued to grow. Yet investors have raised questions over its finances, noting that it has changed auditors four times since 2005. This week, Telit said it lost $7m in the first half and had negative cash flow from operations of $3.3m. Mr Cats, 56, has earned $23.5m since 2009, according to company accounts. That compares to cumulative net profit of $62.9m in the same period. He has a house situated in the grounds of a castle in northern Rome, which was listed with Companies House as his main residence until last year. His accommodation costs in Italy are covered by Telit, according to the company’s annual report, although his main residence is now in Israel. He was also paid almost $350,000 to cover unused holiday in 2015 and 2016. His wife, Ruth Veronique Cats, is listed on LinkedIn as the “art curator” at Telit Wireless Solutions, a subsidiary of the company. A person briefed on the situation said that the board was unaware that Telit had an art collection and that it would now scrutinise that aspect. Telit is now investigating whether they are linked to the fugitives in Boston, according to two people briefed on the situation. The birth date listed for Uzi Katz in US public records data and Oozi Cats on Telit documents lodged with Companies House are the same: April 12 1961. Meanwhile, Ruth Veronique Cats celebrated her birthday on Facebook, according to a document seen by the Financial Times, on the same day listed as Ruth Veronica Katz’s birth date on her indictment. Mrs Cats could not be reached for comment. The only readily accessible biographical information for Mr Cats online begins in 1994, when he founded a company in Israel called Auto Depot Ltd. The only biographical information that the FT found before that point, listed on Bloomberg, is that he attended special courses in Finance at the University of Massachusetts and Bentley College in the Boston area. The Uzi-Oozi mystery has pushed Telit itself into the limelight and the company has already appointed headhunters, with the aim of overhauling the board and executive team once the investigation has concluded. And not unexpectedly, the publicity has also served to push Oozi Cats now to the top of the page when searching for Uzi Katz Boston.
09/8/2017
14:53
pka3: Post in FT 'https://www.ft.com/content/09157fa3-4607-3c5d-9fbc-0a84c72fd0b7 Internet-of-things specialist Telit Communications has said its chief executive will take a leave of absence while it investigations allegations he is a fugitive from a fraud indictment in the US. On Tuesday morning Telit said that its board of directors had “appointed independent solicitors to conduct a thorough review of this matter.” It added that the board had agreed to Oozi Cats’ own request for a leave of absence while the lawyers probe the allegations. A report in Italy’s il Fatto Quotidiano suggested that Mr Cats was indicted by the district court in Boston, Massachusetts in 1992 on counts of wire fraud. Shares in the company, which was valued at more than £500m on London’s junior AIM exchange earlier this year after it rode a wave of investor excitement about Iot technology, fell by a third on Wednesday morning. Telit sells hardware that it says enables devices from concrete-mixer trucks to parking meters to communicate wirelessly. Its share price hit an all time high of 375p in April, having more than quadrupled in the preceding three years. The stock has fallen by 54 per cent since August 4. Telit warned on revenues on August 7, saying US certification of some of its products had been delayed. Records from the district court of Boston, Massachusetts show that an individual named Uzi Katz was indicted on January 8 1992 for wire fraud, and a warrant was put out for his arrest. The records also refer to the defendant as a “fugitive̶1;. It remains unclear whether the person named in the court documents is the Telit chief executive. A person close to the company confirmed the chief executive sometimes spells his name as “Uzi Katz”. This person added that the company knew no more than what was publicly available, adding that its lawyers hoped to conclude their investigations into the matter by the end of the week. Telit’s stock has been volatile since May, when Mr Cats sold off more than 7m shares in the company, raising in excess of £24m. A person close to the company said he had sold the shares to repay personal loans he had taken out in US dollars, following a sharp fall in the value of sterling relative to the US currency. Mr Cats could not be reached for comment.
24/3/2017
12:26
homeytheclown: The shorters that are reducing their positions are realizing losses. If you map their short trades over time and overlay it with a graph of the share price you can see just how much they are losing. The recent reductions occur at a time when the share price is near its all time high. If shorters are reducing their positions when the share price is this high, one could guess that the shorters may be ready to exit their positions. I suppose the smart money isn't looking so smart now.
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