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
  +10.25p +3.18% 333.00p 332.00p 333.50p 334.00p 324.50p 330.00p 1,293,195.00 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 299.8 15.5 11.7 28.8 385.24

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Date Time Title Posts
24/3/201716:53Telit Communications plc3,495.00
01/11/201312:27Telit Communications180.00
05/11/201122:47Machines TELIT to each other with Telit Communications M2M modules309.00

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DateSubject
25/3/2017
08:20
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 322.75p.
Telit Communications has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 115,688,129 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Telit Communications is £385,241,469.57.
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.
10/3/2017
15:23
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
09/3/2017
19:10
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.
08/3/2017
12:32
bazildonbond: I don't think it has been "such a great short" because the share price keeps on rising against a tide of shorters and de-rampers having a knock at Telit. To me with constant news coming out and tie-ups with big name companies, it beggars belief that they still hold negative views.
07/2/2017
16:37
bazildonbond: Sphere how long must we wait for the apology? Up to now your predictions of a major collapse in the share price have proven way off the mark, infact if you shorted when you initially said you would you are deep into the red, along with Enismore, who i can imagine that their exposure to Telit must me mind boggling. I'm sure the MMs and brokers are well aware of the shorters positions and also stand to lose if there is a major collapse, it will be interesting who will endeavour. Please don't call me Homey.
06/2/2017
11:23
homeytheclown: Sphere25 I think you will find Telit’s accounting for the development costs to be standard practice, not only for the industry but for any company that has upfront costs and delayed revenue. The development costs should be spread over future periods to match the revenue. The tax department would never allow a company to expense development costs because it would provide the company with an immediate tax benefit by reducing their earnings. This is a simple accounting concept but if you not aware of it, I suggest you look into it. As for Ennismore, they seem to have the largest short position. My guess is they are sweating the most over their short position, desperate times calls for desperate measures. If you look at their short positions, it is clear it has been a nightmare for them, increasing their shorts whilst the share price increases hxxp://shorttracker.co.uk/manager/Ennismore%20Fund%20Management%20Limited/GB00B06GM726 I agree we need posters like you to provide balance to this forum, just lift your game if you can please.
11/1/2017
08:57
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.
10/1/2017
10:40
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?
08/11/2016
07:54
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.
14/10/2016
14:28
bazildonbond: If what some are saying about Telit's negative cash flow are true, it doesn't seem to effect the share price, after a small wobble for a couple of days, it's back to where it was. If what they say is true, and only two "experts" have reported/stated this, is it the way they have analysed the figures and assumed wrongly, at the moment TW and PS seem to be the only two that have seen the figures/stats in their "true" light, or they are wrong, biased, de-ramping etc etc. I don't read their views, are they good at "share tipping", what is their score card like. When i get unsolicited phone calls about how to make me rich, i have a simple answer/reply.... If your scheme is so good, why are you still working, is your family fabulously wealthy, why would you share these details with a complete stranger? I would make sure my family and friends would be the first to benefit.
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