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
  -4.25p -2.54% 163.00p 163.00p 164.25p 186.9681p 162.00p 169.00p 1,194,064 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 299.8 15.5 11.7 15.0 208.25

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Date Time Title Posts
18/10/201710:51Telit Communications plc6,217
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 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 167.25p.
Telit Communications has a 4 week average price of 141.79p 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 2,092,735 shares. The market capitalisation of Telit Communications is £208,250,416.96.
twistednik: Bounce on bid chatter for auto subsidiary... -------------------------- Telit Communications [LON:TCM], the UK-based microchip developer, is weighing interest in a sale of its automotive subsidiary, the Financial Times reported. Two sources briefed on the situation said the unit is priced at GBP 100m-150m (USD 132m-198m). Another individual said the process, under adviser Rothschild, is in the early stages and far from any deal, the item reported. Advent International, Apax Partners, Battery Ventures, Berkshire Partners and Vector Capital are among PE firms said to have links to the situation, although no offers have been received, the report said. A number of potential trade bidders have also been approached, the item reported. Telit’s share price has plummeted since a scandal involving former chief executive Oozi Cats, who stepped down two months ago, which leaves the business vulnerable to takeover bids, the report said. Since Cats’ exit, the Hong Kong fund Run Liang Tai Management has been accumulating a stake in excess of 14% in Telit, which has an approximately GBP 205m market cap, the item noted.
hpcg: Master RSI - the last thing any comment on this board does is move the share price.
master rsi: That's my girl Who's been working so damn hard? You got that head on overload? Got yourself this flawless body Aching now from head to toe.... -------------- Share price working hard this morning to get over the last 4 days mark down on reaching 68.2% Fibonacci retracement.
twistednik: Hmm, this is a tough call. Looks like a slam dunk short but weary of what the Chinese are up to. IMG fell sharply following their Apple news but rather than muddling on, the Chinese pounced...they appear to be supporting this one as well and holding the share price up. Wouldn't be surprised if they are brokering a deal with Oozi behind the scenes and once they have his shares, maybe we'll see their true intentions? On the business, this is key: 'The departure of Mr Cats has also triggered a review of Telit’s operations as it looks to trim costs and refocus the company. The company is expected to pull back significantly on research and development spending to focus on its core technology.' We now get to see how flexible the capitalised R&D spend is ! Usually smoke and mirrors with these businesses (don't focus on EBITDA!!) and my feeling is that this spend is required every year to keep the core business competitive. So, can they streamline the cost base and reduce R&D to turn it into a cash machine (without jeapoardising too much future growth of course). My feeling is the proof will be in the pudding.
master rsi: Tipped ..... Why Telit Communications plc could be a millionaire-maker stock - The Motley Fool Peter Stephens | Wednesday, 13th September, 2017 It has been a hugely eventful few weeks for Telit Communications (LSE: TCM). The Internet of Things (IoT) specialist has enjoyed the high point of an order from electric vehicle manufacturer Tesla. However, it has also seen its CEO resign in highly unusual circumstances. The company’s share price has reacted with a considerable amount of volatility, and this could continue in the near term. However, in the long run, it could have growth potential and may help its investors to move towards a seven-figure portfolio. Uncertain period The unusual circumstances in which Oozi Cats resigned from his position as CEO… Http://
bbmsionlypostafter: Prior to his resignation, the company’s CEO showed his faith in the business purchasing 400,000 shares at a weighted average price of 171.87p. Is this paid for research? It's grossly misleading, no mention of the RNS of 24/05/2017 which stated "Boost B.V. and Mariselia Ltd, entities controlled by Oozi Cats, Chief Executive Officer of the Company, have sold in aggregate 7,081,620 ordinary shares in the Company at a price of 340 pence per share" That's £24,000,000 worth he sold in comparison to the £400,000 he bought! No mention of Yosi Fait selling shares while privy to inside info. No mention of Oozi being a fugitive from US authorities. Https://
elcapital2017: Why do you put the price for 100 shares rather than the per share share price?
owenski: INVESTMENT OVERVIEW: TCM THE BIG PICTURE I'll be back ... the machine-to-machines comms specialist has bounced back before Telit Communications Plc (LON:TLC) has placed itself firmly at the forefront of the next digital revolution - the Internet of Things (IoT). The group’s technology allows devices to communicate and share data through a wireless network. It is currently the number-one player in the industrial IoT sector with almost a third share of the market. Telit designs and manufactures IoT modules in order to connect devices with each other and a centralised dashboard or app. The modules are electronic components that are designed into the inner-workings of a device, allowing it to send and receive data over wireless networks. Satellite navigation modules make the device position aware. Telit’s aim is to be an end-to-end solutions provider for its customer, which means keeping at the cutting edge of technology and providing its customers with a global support network. Sometimes, keeping at the cutting edge of technology is made more difficult by industry bodies dragging their feet over adoption of new standards, as happened in the Americas in the middle of the decade with the introduction of new Long-Term Evolution (LTE) standards. Recently, and in similar vein, the shares have been battered by similar delays in the timing of certifications for the LTE CAT-1 VoLTE product and a handful of large scale deployments, all of which could be deployed slower than planned. Investors should take heart from the fact that Telit has suffered this sort of share price slump before and bounced back. Telit’s official line remains that the certifications should come through in the current quarter and will provide a fillip to revenues in 2018 and beyond. LTE promises faster speeds compared to G4 LTE is the name given to the technology used in pursuit of next generation data speed standards. It exists as a set of requirements for high-speed wireless mobile data networks. LTE involves increasing the capacity and speed of the network using a different radio interface together with core network improvements. The standard is used to upgrade from the 2G wireless networks to 3G and 4G. In the case of 4G, users should see data speeds up to ten times faster than current networks. Strong rebound in the Americas after the last sped bump History suggests that once delays in certification are overcome, it will regain momentum in the Americas. The highlight of the results for 2016 was the 36.5% growth in IoT services revenues to US$35.1mln. Overall, Telit’s revenues were up 11% to US$370.3mln as the Americas returned to strong growth in the second half. This gave adjusted underlying earnings (EBIDTA) of US$54.4mln (up 20%) and pre-tax profit of US$19.1mln (also up 20%). In its half-year results for 2017, the company indicated that revenues would fall somewhere in the range of US$400mln to US$430mln, while adjusted EBITDA would be between US$47mln and US$60mln. The width of those guidance ranges indicates the level of uncertainty currently in the business, though Telit is confident the delayed revenues have only been deferred, not lost. The uncertainty has had an effect on cash generation and as a precaution the company has suspended the interim dividend. Bolt-on acquisitions flesh out the product suite Telit has its own research & development (R&D) technology, but it is not averse to buying up companies that augment its product offering. Telit acquired some Bluetooth Low Energy (BLE) assets early in 2016 from German company Stollmann Entwicklungs und Vertriebs – and a year later it pulled off what looks like a coup with the acquisition of smart Wi-Fi specialist GainSpan. This is a company that was once part of the company known as “ChipzillaR21;: Intel. The computer chip giant ploughed millions of dollars into it, resulting in top-notch technology and patents, all of which Telit has picked up for US$8mln in cash. While the technological development has been excellent, the commercial side of things at GainSpan did not pan out so well, and the company is currently loss-making. As a result, Telit's earnings will take a hit of around US$4mln in the first year of ownership, but Yosi Fait, Telit’s president and finance director, thinks the San Jose, California ultra-low-power Wi-Fi specialist will blossom under Telit’s management. “It has annual revenues of about US$10mln, which is very small. This will grow significantly, and this will be a great addition [to the Telit stable],” Fait predicted, adding that the company has already heard from many existing customers expressing approval of the acquisition. Damage repair mode There is little doubt that the company has a bit of damage repair work to do after the savage reaction to its 2017 interims, but (now ex) chief executive Oozi Cats remains upbeat. "Our IoT Services business unit, with its recurring revenue business model, is continuing to gain real momentum. Its growth rate continues to be strong - with revenues up over 25% - as increasingly large industrial organisations seek integrated end-to-end solutions to meet their IoT requirements,” Cats said "Our ability to provide integrated end-to-end IoT solutions for corporates and enterprises - including our IoT portal, global SIM cards with custom data plan, our IoT modules, and our factory solutions platform together with our IoT know-how is gaining strong traction and recognition by customers and partners. Two recently announced partners are OT-Morpho and Cisco, joining existing partners SAP and Tech Mahindra, as well as many others,” he continued, adding that the company remains confident of a strong performance in the second half of this year. Cats resigns after investigaiton into histroical indictments Chief executive Cats recently resigned from his position with immediate effect following an internal investigation into alleged historical indictments. Reports at the start of August alleged that Cats had been on the run from US law enforcement since the early ‘90s after skipping a plea hearing. Shortly after those reports surfaced Telit confirmed it had hired a law firm to assess whether or not Oozi and his wife were connected to the Uzi and Ruth Katz named in the court papers. The Internet of Things (IoT) enabler said the evidence showed Cats had “knowingly withheld” the indictments from the company. “It is a source of considerable anger to the board that the historical indictment against Oozi Cats was never disclosed to them or previous members of the board and that they have only been made aware of its existence through third parties,” a statement said. Yosi Fait will continue as interim chief executive officer while three independent non-executive directors are expected to be appointed “as soon as possible” to reinforce the board.
bbmsionlypostafter: This is getting stinkier & stinkier. Https:// 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.
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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