Telit Communications Share Discussion Threads

[droid] 26/5/2016 15:50

Perhaps that is the news- broken out of downtrend and through 50 day MA.

[dogwalker] 26/5/2016 15:38

What news?

[muffster] 26/5/2016 15:19

Great news today, chart looks positive now

[eagle eye] 25/5/2016 08:33

No, not directly linked to Telit, but it demonstrates the scope of IoT and the financial savings that can be made.

[bazildonbond] 24/5/2016 16:59

Is the temperature sensors link anything to do with Telit? I cannot see any reference.

[eagle eye] 23/5/2016 16:44

Temperature sensors 'could cut road gritting costs'

[eagle eye] 23/5/2016 07:16

Telit's AGM is being held in London tomorrow (Tuesday 24th May 2016).

Time: 3pm
Venue: Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ.

See you there!
EE

[eagle eye] 23/5/2016 07:15

23 May 2016

Telit Communications PLC

Trading update

Telit Communications PLC ("Telit, "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has published a trading update for the period of 1 January 2016 to 23 May 2016.

Overall, the Group has traded in line with Board's expectations in the financial year to date. The Group remains on course to meet the Board's expectations for the full year and maintain its double-digit revenue growth.

In Americas, the recent Cat-1 certification by AT&T, announced on 17 May 2016, will ensure that Telit's Cat-1 devices are the first available for use. This is an important development, positioning Telit's products for use by customers, developers and integrators looking to migrate existing North American 2G or 3G IoT devices to LTE with long longevity.

The Americas region saw a 44% CAGR over the last six years (2009-2015). After a slight decline in 2015, the Group expects this region to return to growth in 2016 of about 20%.

In EMEA, the Group continues to maintain its leading position and has seen good growth in 2G, 3G and LTE products. The previously announced $220m UK SMIP project remains on course to launch in H2 2016.

APAC region continues to grow with multiple key projects and customers moving into mass production, with products now being deployed.

The Group confirms that the major resell agreement announced on 20 May 2016 with a global Enterprise Application Software group to license and resell the Telit deviceWISE IoT platform is SAP(R) - see separate announcement published today.

Telit has also just signed an agreement with John Deere to implement the Group's deviceWISE Industrial IoT (IIoT) Platform at John Deere's factory operations. The deviceWISE IIoT platform makes it possible for John Deere to collect and analyse real-time assembly information to improve line efficiency, prevent unplanned downtime, and improve efficiency throughout the supply chain.

Oozi Cats, Group Chief Executive, commented:

"At this early stage of the year, we are making solid progress in line with our expectations for the year as a whole.

"Over the last few days we have had a number of key developments including AT&T's certification of our CAT-1 devices in the US. This certification means that our CAT-1 IoT modules can be immediately deployed in scale on AT&T's pioneering CAT-1 service on its LTE network."

The Group is holding a Capital Markets Day on Tuesday, 24 May in London.

Telit will be publishing its next trading update with its half-year results during the week commencing 8 August 2016.

[yf23_1] 18/5/2016 11:09

Well its a big drop to complete a head & shoulder.
You could say holding at current levels you are shouldering the risk.
Arf,arf !

[paleje] 18/5/2016 10:43

Frustrating. Gotta be somewhere near bottom excluding market meltdown. Board confident of double digit growth, analyst consensus 12% and 20% next year, current PE 11 with divi now in place. IoT isn't going to stop, regardless of global uncertainties.

[droid] 18/5/2016 09:33

As usual, good news is merely a cue for another price drop.

[dogwalker] 13/5/2016 08:43

On a log scale, there's the longterm uptrend line since 2009 which the share price wandered through recently, but I don't think that's especially relevant with the more recent behavior , since 2014, taking priority.

[paleje] 12/5/2016 11:47

It's odd, Ennismore still short. SW Mitchell closed their short 04 May but Old Mutual Global Investors opened a short 0.6% on 05 May. No idea what they see that we don't....if anything (SW Mitchell clearly changed their minds).



Roll on July H1 update, it would have been helpful if they'd kept to quarterlies, AIM without updates has a tendency to go one way.

[dogwalker] 12/5/2016 11:37

My guess is 'nothing in particular', bulltradept. Perhaps an absence of news; & the testing of the chart pattern to see if it gives & we collapse to retest the £1-80 level once again ...? So far that break hasn't happened.The upside looks more likely still at this stage, imo. Caveat : It's guesswork.

[bulltradept] 12/5/2016 10:04

Broken £2.00 anyone know what gives?

[eagle eye] 06/5/2016 16:26

Sierra Wireless Q1 results were released yesterday.
Total revenue was down but Cloud and Connectivity Services were strong, which reads across positively to TCM.
In early trading, SWIR shares are up 20% today.

Revenue for the first quarter of 2016 was $142.8 million, a decrease of 5.1% compared to $150.4 million in the first quarter of 2015. Revenue from OEM Solutions was $120.9 million in the first quarter of 2016, down 9.1% compared to $133.0 million in the first quarter of 2015. Revenue from Enterprise Solutions was $15.0 million in the first quarter of 2016, up 9.0% compared to $13.8 million in the first quarter of 2015. Revenue from Cloud and Connectivity Services was $6.9 million in the first quarter of 2016, up 92.0% compared to $3.6 million in the first quarter of 2015. Our gross margin in the first quarter of 2016 was 32.8%, compared to 32.5% in the same period of 2015.

[eagle eye] 29/4/2016 10:43

brambuz80, I've contacted Telit and have been advised there will be no Q1 trading update this year. There will be an H1 trading update in July and interim results will be published on Monday 8th August.

[paleje] 27/4/2016 11:44

You're right they seem to have skipped it, still recovering from the shock of introducing a divi.

[brambuz80] 27/4/2016 09:41

I wonder why we didnt get a trading update around mid April like in 2015...has anyone contacted the company and asked?Cheers

[owenski] 22/4/2016 08:37

Thanks, interesting read.

[eagle eye] 22/4/2016 08:30

justfactual,
Thanks for the post. This link works:

[justfactual] 21/4/2016 18:52

Great article on Telit just posted here:

hxxp://www.lsesharetalk.com/share-news/telit-communications-can-you-afford-not-to-be-involved/

[justfactual] 15/4/2016 19:02

A main market listing would cost between £1-£2m. A NASDAQ listing around $1m. As I understand a main market listing is under consideration. A NASDAQ listing less likely. Energy better spent elsewhere. I have been buying more today. It's too cheap at this level and people forget about the contract wins which will underpin the growth in the next 3 years. Not to mention the operating leverage which will come through from the automotive and cloud acquisitions the last 2 years. Min downside, max upside.

[paleje] 14/4/2016 09:33

A solid trading update wouldn't do any harm:) + the PR!

They probably thought they'd done enough with the divi announcement and expectation of maintaining double digit growth with high cash conversion, which was a market criticism, but a shorter appeared after that so clearly some aren't convinced. Actual numbers are required methinks. Oozi bought a lot of these at £2.80 nearly 2 years ago and holds not far off £50m worth.