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TEL Teliti

39.50
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Teliti Investors - TEL

Teliti Investors - TEL

Share Name Share Symbol Market Stock Type
Teliti TEL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 39.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
39.50 39.50
more quote information »

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Top Posts
Posted at 19/6/2012 09:25 by stegrego
Clearly another dodgy AIM company that cant be trusted.

I bet this lot are pleased.

6th of June

Haji Mohamed Nasir, Chief Executive Officer of Teliti, said: "The Board welcomes the investment of RBC in Teliti. As we approach the completion of our first datacentre, we look forward to the future with great excitement and confidence."


Oh hang on two weeks have passed, it's not going to open in July, it will be in about 6 months time!!

19th of June

On 30 January 2012, the Company announced that the opening of the datacentre (the "Datacentre") would be delayed until July 2012 due to a delay in the delivery and receipt of key equipment.
The Company still expects the Datacentre superstructure to be completed in July, but the initial 45,000 sq ft is not anticipated to be operational until the first quarter of calendar year 2013.



I think that about 90 percent of AIM is full of no hopers, ran purely to give directors a great wage, as they p1ss investors money up the wall.
Posted at 11/7/2007 19:37 by blank frank
Blank Frank - 7 Jul'07 - 20:38 - 327 of 333
" ... A major purpose of the coming equity issue is I believe to help deal with TEL's remaining debt. ... "

There's quite a bit of non-bank debt, some of which is attracting interest of 15%. I get the impression that the company would like to 'clear the decks' of debt if possible, and start afresh.

Blank Frank - 6 Jul'07 - 19:16 - 325 of 333
" ... I would imagine that large investors will be seeking some very good explanations and assurances, backed up by credible figures, before they put in significant (more) funding. ... "

I don't think that such investors would put significant money into the company if it was haemorrhaging cash; it wouldn't be brave, it would be stupid.

If the fundraising is successful and the company returns from suspension, I would take that as a sign that it's a reasonable investment.

At least TEL operates in what may be an attractive growth sector for investors. The last year has been a very good period overall for the telecom shares sector:-

FTSE 350 - Telecommunications Historical stock chart:-


And the telecom shares sector has the potential to continue to perform well over the next few years: as communications systems continue to rapidly develop, and convergence between telecoms and computing grows.

TEL's trump card is that its actual business delivery seems to be excellent, with a high level of customer satisfaction. If therefore it can sort out the financial side of the business, then the company has the potential to do very well.

B.F.
Posted at 08/7/2007 14:50 by blank frank
About three and a half weeks ago Blindfaith2 tipped SAL on this thread at 140.5p; it's since rocketed up to 202p.

As it's good manners to return a favour, I will attempt to do so on behalf of readers of this thread. My tip is AVAP, currently 50.5p.

Note though that the company leases out aircraft, which may be a negative consideration for 'deep green' investors.

B.F.
Posted at 07/7/2007 20:38 by blank frank
It's worth pointing out that TEL's loss is of course even worse than expected following the two profit warnings in late January, and by quite a way, even excluding the massive exceptional items.

22/01/2007 14:22 TFNF Telephone Maintenance sees FY loss of around 1 mln stg LSE:TEL Telephone Maintenanc


25/01/2007 10:51 TFNF Telephone Maintenance shares suspended on AIM; sees FY loss doubling LSE:TEL Telephone Maintenanc


Which I think means that the results are also a third profit warning: a self-contained one, relating to the results themselves.

There are some non-retail investors in TEL included in the "Substantial shareholdings" section of the company report.

I doubt that TEL needs or wants to raise as much as £2M. A major purpose of the coming equity issue is I believe to help deal with TEL's remaining debt.

Once that has been done, and with the poorer non-core areas of the business dispensed with, then the company should be a more attractive target for takeover.

The fundraising arrangements seem to be going OK, and an open offer doesn't mean that they're going badly.

For the moment at least, the CEO and Chairman are needed to run the business.

B.F.
Posted at 06/7/2007 21:21 by kimboy2
Are there any large investors ? The whole company was only worth £2m when it was suspended.

I don't quite see why they haven't sold the remainder off to someone. The original strategy was to acquire companies in a fragmented industry on low p/e's. That has completely failed.

What do they do now ?

Are they raising money to have another go at acquisitions ? The fact that they are going to offer it to PI's suggests that the fund raising isn't going very well anyway.

I can see £2m being raised at 10p/share maybe.

I am fairly astonished that any of the management has remained. Perhaps their resignations will be part of the rescue fund raising.
Posted at 06/7/2007 19:16 by blank frank
I was a bit disappointed that TEL's report did not explicitly say why Greg Hallett presented misleading finanacial info. to the TEL board, though it gives the impression that they know why. Of course, with Greg's subsequent departure, and considering his previous record with company failures, people may have their strong suspicions, but that is a bit different.

In my opinion, the company needs to be more ruthless in directly outing who was responsible. Or as Marlon Brando once said, what people would call ruthless, but what is actually just seeing what needs to be done, and doing it. If not, there's a risk that the company itself will be blamed, and tarnished, for the failings of one person.

Unless people know why they were mislead, and what's been done to ensure that it won't happen again, then investor trust may be less than otherwise.

And that would be a shame, because I think that there may well be a good core business here. And now that the poor non-core stuff has been stripped away, the cost-cuttings will hopefully allow the company to move into a decent profit next year. The good news is that the recent cost cuttings, and the costs of implementing them, will have taken place before the start of TEL's next financial year on 1st. August. So results for the year ending 31st. July 2008 - which will hopefully be out within about sixteen months - will hopefully be good. I think that in theory, a company with turnover of the size and type of TEL's, and with TEL's number of staff, should be able to deliver good profits from that turnover.

I would imagine that large investors will be seeking some very good explanations and assurances, backed up by credible figures, before they put in significant (more) funding. That funding, perhaps complemented by investment from TEL's directors, will probably provide the amount required from the fundraising. The open offer to exising shareholders may be more of a courtesy to small shareholders so that they can invest on similar terms to the large investors should they wish to do so.

B.F.

P.S. SteMiS - I've got no idea why the results haven't been announced to the stock exchange. Perhaps there's some sort of exemption if a company's shares are suspended?
Posted at 17/6/2007 16:52 by blank frank
BF2,

I don't think that I'm the one splitting hairs.

This in my opinion constitutes a tip:-
Blindfaith2 - 14 Jun'07 - 19:15 - 309 of 313
"Ps – If you want to see a small company going the right way, without much/hardly any press then check out Spaceandpeople (SAL) different market, I know, but these guys are building a business up from virtually nothing, without bells and whistles but growing from strength to strength. News to follow about a new European contract and yes I hold and have done for some time and no I am not ramping. DYOR etc etc but it's encouraging to see that it can be done !"

If you know the difference between tipping and ramping, then why did you say:-
Blindfaith2 - 16 Jun'07 - 16:25 - 311 of 313
"Blank, SAL was not really a tip hence "I am not ramping" ... "

As all I said was:-
Blank Frank - 14 Jun'07 - 19:19 - 310 of 313
" ... P.S. Thanks for the SAL tip - I'll look into it."
In no way, shape or form was I suggesting that you were ramping.

As regards bad tips ... I don't think that bulletin boards tipsters have a monoploy on those. Tipsheets, other investment press, and brokers etc. have given many as well. Bulletin board tipsters can provide a good resource for generating new investment ideas; some will be bad, but some good, and investors can and should of course do their own additional research into tips which may interest them to help judge which is which.

B.F.
Posted at 28/4/2007 19:11 by blank frank
Comment by Chris Dillow from yesterday's "Investors Chronicle":-

"REASON VS INSTINCT Should we sell in May?

I HATE MAKING DECISIONS. THE LONG TRADITION running from Edmund Burke to Daniel Kahneman tells us, rightly, that reason is weak in the face of uncertainty. Instead, like a good Oakeshottian conservative, I prefer to follow tried-and-tested rules than use unaided judgement.
This is why I've been a long advocate of the 'sell in May, buy on Halloween' rule. It's worked well, on average, for centuries.
However, there's a good reason not to follow this rule this year. In recent years, the US dollar has been a great predictor of returns. Post-1990 relationships suggest the greenback is now so weak as to point to good returns in the next six months, even allowing for the usual summer weakness in the market. ... "

This may come as some relief to TEL shareholders with the shares still suspended ...

I'm expecting more news from TEL shortly. TEL's interim results for the six months to 31st. January 2007 are due by the end of April under AIM rules, which means that Monday is the last day to meet that deadline. Hopefully the results, and their accompanying statement, will show that TEL's recovery is continuing.

Fortunately the stockmarket can be very forgiving, and tends to value businesses more on future hopes than past problems. Yesterday's stockmarket dog can be tomorrow's stockmarket darling.

In this respect, the ideal time to buy a share may be when a one-off and temporary problem has temporarily depressed its share price. Is this the case with TEL? The more facts that come out, the more that I think it might well be.

I have sketched out a rough 'negatives-positives matrix' looking at TEL's recent travails and its reaction to them (obviously some things can be viewed both ways):-

Main negatives:
* anticipated move into pre-tax profits for the year ending 31.7.06 not achieved;
* Westcom acquisition has proven unsuccessful;
* accelerated write-down of assets;
* some loss of investor confidence in TEL's business model;
* some loss of investor confidence in TEL's management.

Main positives:
* a renewed focus by TEL on its core business (Westcom sold);
* repayment in full of all borrowing from the group bankers;
* a much leaner board of directors (resignations), and new Finance Controller;
* accelerated write-downs should mean lower write-downs in future than otherwise;
* higher tax losses may avoid more tax in future years.

MAI seem to be very successful with what looks like effectively the same business model as TEL; in theory therefore there's no reason why TEL should not also be very successful if it is well-managed.

B.F.
Posted at 25/1/2007 20:16 by blank frank
"On 19th October 2006 TMG announced a placing which raised #750,000 to provide additional working capital to fund TMG's enlarged operations after completion of recent acquisitions."

I shouldn't think that those investors are very pleased! But that placing shows how convincing the situation was portrayed - they presumably did due diligence before investing that amount of money. If large investors like that can be taken in, then what hope did small outside investors have?

But as regards any compensation: who would pay it? The company probably couldn't afford to, even if it was found liable; and likewise for the director(s) concerned.

At the moment, I would regard a good result as 10p a share, through a bid or rescue fundraising. Maybe 20p if we are exceptionally lucky.

My one faint hope is that the company's financial position is not so bad that it can't struggle on, albeit perhaps with a further cash injection. Trading losses of £1.4M. less the c. £1.1M. net (after the Datatel payment) raised in October through the issue of equity is £0.3M. ... not a vast amount.

Hopefully there are / will be sufficient people left at the top to manage the situation at the moment. In that respect, it may be good that CEO Jeff Willaims is still there at the moment.

B.F.
Posted at 17/8/2006 18:02 by blank frank
BF2,

I've received my hardcopy of "TMG plc Shareholder News" as well. And I'm delighted that TEL has finally launched a shareholder newsletter, nearly a year and three quarters after I first posted about them:-

Blank Frank - 1 Dec'04 - 19:49 - 53 of 339 edit
" ... P.S.
"Investor Relations Services
In addition to its traditional research services, Hardman & Co now offers specialised investor relations services focused on the smaller company with 1,000 or more shareholders. ... Hardman & Co uses analytical and journalistic expertise to create a quarterly shareholder newsletter which can be emailed to investors and other interested parties."
This reminds me of the regular Mears newsletter, which along with their website and attendance at investment exhibitions helped them to win a prestigious award for their investor relations - the Best Communications Award in the AIM Awards 2002. "


I think though that it was worth the wait, as the quality is very impressive - both in terms of the underlying content and its presentation.

I hope that this is a sign that TEL is going to invest more time and effort into investor relations. With over fifteen hundred companies on AIM, they need to make a real effort to obtain (and retain) investor attention.

AIM market value and total no. of companies July 2005 to July 2006:-




B.F.

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