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
  -1.75p -0.61% 287.25p 286.25p 287.00p 290.00p 285.75p 290.00p 173,086.00 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 226.3 10.8 8.3 29.1 332.31

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Date Time Title Posts
21/2/201709:55Telit Communications plc3,366.00
01/11/201312:27Telit Communications180.00
05/11/201122:47Machines TELIT to each other with Telit Communications M2M modules309.00

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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 289p.
Telit Communications has a 4 week average price of 285.96p and a 12 week average price of 277.88p.
The 1 year high share price is 305.50p 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 369,147 shares. The market capitalisation of Telit Communications is £332,314,150.55.
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.
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:// I agree we need posters like you to provide balance to this forum, just lift your game if you can 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.
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.
eagle eye: Despite the recent rally in share price, Ennismore don't show any sign of closing or reducing their short position. Quite the opposite, as the short position was increased from 2.17% to 2.2% on 3rd October.
bazildonbond: Over the last few trading days there have been some large buys in Telit stock, it could be that the shorters have been caught with their pants down and bailing out (panicking)as fast as they can, creating a shortage as they try and cover their positions. The other possibility is the latest news of their (Telit's) tie up with Intel has been noticed by some institutions/fund managers etc etc. I've tried (and failed) to discover the reasons for the shorters reasoning, i have found some articles were the shareprice is overvalued and should be (on their estimates) 206p, but no mention of paying Dividends from borrowings, only from cash generation. It was an indepth and interesting read but as usual based on historical data, which will have taken into account the CAT4 delay in their estimates/calculations/guidance, Telit admitted at the time it would effect the earnings etc etc. I are of the opinion now that that CAT4 has been given the green light and with other positive news flows the recent share price rally is justified. Time will tell.
dempsey2u: Whats going on with the share price, lots of encourgaing announcments, Directors topping up, yet price going the wrong way, is it time to get out?
joestraughan: Home » Reports » Broker Ratings » Telit Communications Plc 40.5% Potential Upside Indicated by Canaccord Genuity broker ratings Telit Communications Plc 40.5% Potential Upside Indicated by Canaccord Genuity Posted by: Ruth Bannister 28th October 2015 Telit Communications Plc with EPIC/TICKER LON:TCM has had its stock rating noted as ‘Retains’; with the recommendation being set at ‘BUY’ this morning by analysts at Canaccord Genuity. Telit Communications Plc are listed in the Technology sector within AIM. Canaccord Genuity have set a target price of 365 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 40.5% from the opening price of 259.75 GBX. Over the last 30 and 90 trading days the company share price has decreased 87 points and decreased 27.25 points respectively. Telit Communications Plc LON:TCM has a 50 day moving average of 330.47 GBX and a 200 day moving average of 279.31 GBX. The 1 year high share price is 357.5 GBX while the year low stock price is currently 190 GBX. There are currently 378,704,931 shares in issue with the average daily volume traded being 846,526. Market capitalisation for LON:TCM is £279,048,106 GBP.
Telit share price data is direct from the London Stock Exchange
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