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Telit Share Discussion Threads
Showing 3826 to 3849 of 3850 messages
|It`s not clear. I`ve got Joanna looking into it. Will post her findings if she `phones back.
No call re explanation by 4pm|
|Has Goldman Sachs just sold 3%?|
|Just bought in for a trade let the short squeeze commence please|
|How far could a short squeeze bounce these up to?|
|I shudder to think what Enismore's exposure is in Telit, or the others for that matter, who will blink first i wonder?|
I am being transparent and it isn't like any bulletin board poster can influence a stock. You should be happy - the stock is rallying despite the shorts - bodes well short term for a potential squeeze.
Some decent points there and the market agrees with you at the moment. I'm not convinced and will wait till the accounts come out.
Blatantly obvious the trend is up, and if the shorts don't continue adding in size to stop a rise, a vicious squeeze (illiquid stock) higher will be forthcoming. That's why I'm not going gung ho on the short front. Prefer to see that trend reverse before adding bigger positions.
And if that squeeze does happen, I will add short-term long positions too. We're all here to make money regardless of the short-term direction of a stock. But all said and done, at some point I still feel the market will take a much closer look at the fundamentals of this stock.
And finally (last post before results), it takes two to make a market, so good luck Homey and other bulls.|
|Excellent update. I particularly liked:
"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."
The best way to own shares is via a personal member of CREST. That way your broker can't loan them out for someone to use to short thereby pocketing the fee and pushing the value of the shares down. Remember that if shares are in a nominee account you don't actually own them.|
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.|
|Good move Sphere25, take short bets them talk it down so you can make a bob or two.|
|10-Jan-17 Canaccord Genuity Buy - 325.00 Reiteration|
|I'm adding to my short on the back of that statement. They have hit the bottom end of revenue, but most importantly the cash generation is ONCE MORE non-existent. They started the year with net cash of $1.1m, turned over $370m, produced EBITDA of $54-59m and ended the year with net debt of $18.7m (wouldn't surprise me if they window dressed the year end figure too).
You'll tell me some of the cash has been paid out as dividends and some acquisition related. Thing is: this company is valued at almost $400m (!!!) and does the same year in, year out - all those "profits" go through the working capital cycle and "investments", and never come out the bottom in adding to the cash pile in any material way.
Currency moves and a bullish market will have helped sentiment here for sure, I mean someone clearly is buying up the conventional sales, as well as the short sales, but how long before the market stops letting TCM getting away with pitiful cash generation?
Seven funds shorting (above the net 0.5%) with the shorts continually increasing. Going on past experience, that is too many for a short report to not follow (when word has been passed between these funds to get short). That will absolutely annihilate this stock imo.
I might be wrong, but I still feel you have to be abit crackers to be taking the risk here.
Sphere - short
All my opinions.
If you're a toothless moron at the FCA, don't come knocking my way, I have no idea if a short report is actually on its way ;-)|
|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?|
|More good news on Friday with Verizon and Qualcomm deal.|
|The shining eyes of sincerity of Oozi Cats are not to be trusted. The Accounting policies stink with profits engendered by capitalising costs and "adjusted" EBITDA. The fact the company pays a dividend when it is cashflow negative is a con-trick. No wonder this is the most shorted stock on AIM. Definitely one to be avoided; I give it six months before the stock craters.|
|Still loving this company!|
|How many listed companies are sat on cash, not many, it doesn't make sense to sit on cash not earning anything, especially in this low interest rate climate it makes perfect sense to borrow to expand, especially if (as a company) you are expanding/growing (in a niche market) at double digit rates.|
|What a load of bull Sphere25! Talk about talking your book. Cracking trading update. Investing in and growing a great business. It was a trading update today and the business is trading very nicely. No need to pander to the shorts agenda. Why show your full hand. Better to wait for the next set of results and blow them to smitherines. Of course with the wave of Chinese takeovers in Western semi-conductor/tech companies, that is another very plausible scenario which could play out. If you have ever met Oozi you will know he oozes (sorry!) integrity, work ethic and has a very firm grasp of managing strategic growth.|
It's just a matter of being patient, these things can ebb and flow with plenty of ups and downs before playing out. I'm not the serial shorting type and I clearly can't move markets (lol), but with the lack of cash generation here, something just doesn't smell right.
Difficult to say if the directors are corrupt fraudsters, but the longer the lack of cash (and it has been a while), the less tolerant the market will become to this company. At the moment, the market is supportive and the stock has held up incredibly well in light of the aggressive shorting from various funds.
But you do have to ask yourself why they are omitting the most key piece of information when all the shorts thesis is based around the cash! I think it's just a matter of time before this stock craters because I don't think they will generate cash or enough meaningful cash to justify the current valuation.
Might be wrong and take a right good kicking, but that is the market. Sometimes you make good calls and sometimes bad calls. If I were a bull here though, I would be absolutely scrutinising the cash flow statements and having a long hard think about the valuation and current exposure.
|Doesn't look to be a problem for a growing tech. company unless you think that they are crooks.
As of 30 June 2016, the Group had net debt of $29.1 million (31 December 2015: net cash $1.1 million). The main reasons for the increase are acquisitions ($14 million), the payment of the 2015 dividend (approximately $7 million) and increase in working capital|
|is your short not working|