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
  +7.50p +2.05% 373.25p 372.00p 373.25p 373.25p 366.25p 369.00p 560,340 12:59:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 299.8 15.5 11.7 33.3 431.81

Telit (TCM) Latest News (2)

More Telit News
Telit Takeover Rumours

Telit (TCM) Share Charts

1 Year Telit Chart

1 Year Telit Chart

1 Month Telit Chart

1 Month Telit Chart

Intraday Telit Chart

Intraday Telit Chart

Telit (TCM) Discussions and Chat

Telit Forums and Chat

Date Time Title Posts
28/4/201708:53Telit Communications plc3,538.00
01/11/201312:27Telit Communications180.00
05/11/201122:47Machines TELIT to each other with Telit Communications M2M modules309.00

Add a New Thread

Telit (TCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Telit trades in real-time

Telit (TCM) Top Chat Posts

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 365.75p.
Telit Communications has a 4 week average price of 330p and a 12 week average price of 271.50p.
The 1 year high share price is 373.25p while the 1 year low share price is currently 180p.
There are currently 115,688,129 shares in issue and the average daily traded volume is 783,361 shares. The market capitalisation of Telit Communications is £431,516,721.17.
this_is_me: The majority already have got painful. The share price has gone up a third since last summer while the publically disclosed short went up from around 3% to over 10% up to March and is now going down; some closing at a loss.
this_is_me: That encouraging trading update could help the share price to breakout.
bazildonbond: Jaknife,Yes, but the share price still goes up! This_is_me, I agree and apparently so does the Market in general, well received.
jaknife: George, I don't think that that was Cawkwell's comment. It can't have been really given that over 10% is out on borrow and Telit is the most shorted stock on AIM. What Cawwell said that I remember was that (a) It was a promote, but (b) so many others are shorting that the promoters haven't been able to sell their own stock and hence haven't made their dosh yet, (c) hence when they finally run for the door the share price will collapse.
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.
sphere25: Hey Timmy, How do we know that you are not employed by Ennismore to ramp up the share price so as to allow them to short at higher prices? ;-) I've added to my short here, just for you Timmy! Hugs and kisses xxxx
bazildonbond: "Cash is King and cashflow is negative plus the fact the accounts look suspect. That's why this stock has been so heavily shorted. Despite a lot of hype from the company it may one day be found out. When the fall comes it is likely to be violent. Be warned and prepare for weeping and gnashing of teeth!" This is the same rhetoric that has been spouted for over a year (at least) but the share price keeps rising, have you even considered that maybe, just maybe, you are wrong? What is suspect about the accounts? I'm not an accountant so if you point me in the right direction and explain what and why they are suspect, please.
homeytheclown: Sphere25 Thanks for responding. To say that cash generation is non-existent is unfair. Net debt was reduced by $10.4M. If you add the $3M dividend, you get $13.4M which is a good result for 6 months. I fail to see a cash flow issue here. A business like Telit has product cycles that may require initial significant capital and then will reap the reward at a later date. The old saying, “you have to spend money to make money” is very relevant to Telit. If Telit had concerns with cash flow, they could suspend the dividend, furthermore they would not make statements like "Based on the positive cash generated and our committed credit line, we will continue to seek acquisitions to strengthen and broaden our product lines and IoT services capabilities." I have been following Telit for 4 years and at no point did I see a cash-flow/financing issue. As for the number of parties with open short positions, I am quite comfortable to bet against them as I don’t subscribe to a herd mentality. It will be interesting to see how high the open short positions can get to. At some point, the available shares to short become more difficult to find. If and when one or more parties choose to close their short positions it could place significant upward pressure on the share price, a situation I would not like to be in, especially with Telit who has a 30% market share of IOT modules market, a market that has and will continue to experience double digit growth into the foreseeable future. I think that the shorting of Telit coincided with Sierra Wireless being overvalued when it reached close to $50 a share. I think you will find Telit’s current PE ratio and further future reductions in net debt to be 2 catalysts for a reduction in open short positions. If I am wrong and the shorting continues it will only magnify the eventual short squeeze. Your observation about the increasing short positions has coincided with an increasing share price should give you some indication that this may not end well for the shorters. Once again, thanks for replying.
homeytheclown: I was surprised to see the open short positions above 10% and increasing. Since mid-2016, the share price has been increasing along with the increase in short positions. I can understanding the shorting when TCM was at GBP3.50 but I find it difficult to understand why TCM is being shorted now. The short squeeze will be fun to watch. Would anyone like to justify shorting TCM?
this_is_me: Positive trading statement. It looks like all the shorters have managed to do is keep the share price from going up to the level the share price should be at given the numbers.
Telit share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20170428 12:18:31