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
  +0.30p +0.20% 150.20p 150.90p 151.70p 151.70p 147.00p 147.00p 361,271 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 277.3 -42.0 -31.0 - 191.90

Telit Share Discussion Threads

Showing 6926 to 6949 of 6950 messages
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DateSubjectAuthorDiscuss
25/5/2018
12:44
there is no borrow dangersimpson
frazboy
25/5/2018
12:37
FCA disclosed shorts are down a bit and the IG book looks balanced (at least on number of positions) at 51% long so looks like they are happy to take short positions again. Can be one of the hazards of shorting - the worst companies often have the worst borrow!
dangersimpson2
25/5/2018
12:22
Very surprised to find that this can be shorted with IG. It would have been rude not to accept such a kind invitation :-)! JakNife
jaknife
25/5/2018
09:28
Looks like he's picked another duffer here then, lol
owenski
24/5/2018
20:50
owenski Also on Serra's CV hTTps://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/10790696/Hedge-fund-manager-Davide-Serra-alleges-price-manipulation-in-shorting-attack-on-Quindell.html Bought the fraud Quindell!
henchard
24/5/2018
10:43
Still looking like this is going a lot lower.
owenski
24/5/2018
10:38
Yeah the market is pretty brutal at the moment with failing companies and I wouldn't rule out this being a zero given the cash flow characteristics. Weirdly though it's often the worst of companies that often end up getting bailed out by their shareholders.
dangersimpson2
24/5/2018
09:10
dangersimpson2 great post and thanks. if they shut down IoT services business, you might get more cash saving in the longer term, but its cash now they need. Not sure about a rights issue - the old ceo shares are still a puzzle (did they get sold to the Chinese, or parked somewhere else). I do not think the Chinese haave more cash to throw at this, and the advisors are highly unlikely to underwrite the rights issue, so a tough place to be in. Not sure if you followed Conviviality.....but they could bot get a rescue rights issue away despite significant operating cash flow. Put into administration and quickly dismembered.
savagedstock
23/5/2018
12:30
Based on double digit (10%) revenue growth, stabilised gross margins at 31% as at 17H2, 10% reduction in SG&A, 20% reduction in R&D costs & similar working capital flows as previous years I'm modelling 18H1 as EBITDA of $17m, PAT -$2m FCF of -$20m Which would give total debt of $92m and net debt of $50m. And this is if they hit their cost saving targets etc. without incurring cash costs like redundancies, lease buy-outs etc. So you are right they are probably close to being maxed out on the $110m facility. Even if the banks were willing to lend more they would seem to be undercapitalised. I'm not sure institutions will be keen to put more money in after they raised £39m "to fund several identified acquisition opportunities" in May 2017 and then no acquisitions were made and the cash was used to keep the lights on instead. Maybe a rights issue would be better.
dangersimpson2
23/5/2018
09:56
wiseacre fully agree. only just started looking at this one, but it is clear that even after stripping out the dividends paid and other bits, it will burn through the 40m cash balance by end of 1H18. So another cash caall is imminent in my view. I would suggest below £1 to get it away Also the IoT Services business does not make much sense ...27m of revenues and 17m of losses.... Looking at the banks they use....you are right...kosher nostra....but at 110m of credit lines, i would hazard a guess they are pretty maxed out... just doing some more research before i look at it from the short side....
savagedstock
22/5/2018
14:17
Has a lot of support from the kosher nostra but that should not be enough to support a rotten balance sheet
wiseacre
18/5/2018
09:27
not sure about that owenski, but there may well be a cash call coming
frazboy
18/5/2018
09:09
Looking like this might be starting to go a lot lower
owenski
15/5/2018
19:50
my guess is that the shares are worth 70p to 120p range until they can prove they can make money. the real question is what the next cash call will be at, and more importantly who will take it. Also I very much doubt the old ceo has sold his stock....should grind a lot lower
savagedstock
14/5/2018
08:34
Shorts now below 7% @ 6.98%
owenski
12/5/2018
19:03
All things considered, the share price aint tanking. Worth remembering there's an interesting business underneath the financial shenanigans. Https://www.telit.com/press-release/telit-blankets-japanese-mobile-market-with-softbank-certification/
owenski
08/5/2018
10:05
Looks like more good news this morning
beergut
04/5/2018
08:36
Shorts closing quite rapidly, now at 7.53% Must see the downside here diminishing, irrespective of the company finances etc, I cant see that most of these positions made any money, I suspect the largest position - Ennismore - has probably lost. Market isn't trashing the share price anyway.
owenski
30/4/2018
20:32
Strange that Cats's shareholding on the AIM rule 26 page doesn't refer to MARISELIA LIMITED any more. HTTPS://web.archive.org/web/20170503094052/hxxp://www.telit.com:80/investor-relations/aim-rule-26/ It used to state: (1) No. of shares for Oozi Cats comprised of: (i) personally held (7,000,357), (ii) Boost B.V. (14,520,000), a company held by Mr. Cats through Mariselia Ltd. (50%) and VAG Holdings Ltd (50%), (iii) Mariselia Ltd. (361,620), a company in which Mr. Cats is the beneficial owner; and (iv) Viola Credit Funds (1,080,000), over which shares Mr. Cats has a power of attorney over the voting rights.
bones30
30/4/2018
20:26
ldrcvm. No, cant recall without digging, but there were various presentations on their website that gave a lot of detail. I've a suspicious mind and wonder if Oozi still holds here and is still on the blower to Yosi steering things, lol
owenski
30/4/2018
19:51
Bones. Thanks.i will revisit VCP. Feel free to DM me on twitter if you have anything to steer me toward! To get back on Topic, TCM, It is strange that Run Laing Tai Management should acquire 14% of Telit without Cats or the other muppets who hold stock reporting a reduction. In fact its more than strange: Its more or less impossible without a big seller who has failed to report the dump. Anyone know anything about Run Laing Tai Management? They are not exactly a household name with my contacts in HK.
ldrcvm
30/4/2018
19:34
ldrcvm, I can't get borrow at the moment on it (so this is a bit academic), but would you agree worth revisiting? "Rolling up carpets" -- haha!
bones30
30/4/2018
19:31
bones. Retired injured on VCP. Fortunately for me borrow was limited so losses were big instead of huge. Still don't get their secret sauce on rolling up carpets.
ldrcvm
30/4/2018
19:03
"Declaring a number of our products and services portfolio “end of life”, which will reduce the R&D and operations investment in maintaining products with low contributions and reduce operating costs. In some cases, this led to write-off of capitalised development assets and inventory (both finished goods and components). These write-offs were recorded under restructuring costs in the 2017 income statement." ---- as I suspected, a load of their stuff is old hat.
bones30
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