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
  -1.50p -0.55% 273.50p 273.00p 273.50p 277.00p 271.75p 276.50p 520,069 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 299.8 15.5 11.7 24.6 349.43

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Date Time Title Posts
22/7/201713:10Telit Communications plc3,622
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 275p.
Telit Communications has a 4 week average price of 266.50p and a 12 week average price of 266.50p.
The 1 year high share price is 379p while the 1 year low share price is currently 222.50p.
There are currently 127,760,992 shares in issue and the average daily traded volume is 630,968 shares. The market capitalisation of Telit Communications is £349,426,313.12.
bones30: I believe JaKnife's article is on the money. Can someone please enlighten me why they cannot disclose the car company referred to here?
kitbag1984: However share price doesn't agree!
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
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?
Telit share price data is direct from the London Stock Exchange
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