Telit Communications Share Discussion Threads

[senor_sensible] 27/9/2017 07:44

shorts increasing again, I'm on the sidelines until the fund managers who specialise in this type of company start closing their shorts. What do they know that we don't????

[glenkaz] 27/9/2017 00:00

Yeagh 🗣💩 bb 😷 Shorts from £1 like you d/ck! Not in but 🔥😱 burn them again 🤡👍

[bbmsionlypostafter] 26/9/2017 17:36

Short increases again, now 13.5%, the fourth most shorted share in London.

[hpcg] 26/9/2017 10:15

The action from Kowloon is quite reminiscent of the German family office buying in to Globo. There should in theory be big stake building from either London or Italy where there will people who really know, and people who employ people to find out. Small short again at 196.

[frazboy] 26/9/2017 09:27

Any news on the appointment of the new NEDs yet, and the replacement CEO? Replacement always looked like a tall order but perhaps that Chinese (or otherwise) stake builder will save them the bother.

[bbmsionlypostafter] 26/9/2017 09:25

Any news on acquisitions yet? You know, the acquisitions they raised £39M for on 5.5.17.

[owenski] 26/9/2017 08:59

Must admit to a perverse fascination to watching this play out, short positions show no sign of closing out, just three days left for Telit to come up with their promised progress report, they're cutting it a bit fine.

[bbmsionlypostafter] 26/9/2017 08:39

Short position increased to 13.4%.

[owenski] 25/9/2017 21:18

Nice find spud.

As said before, still a real business here, with real applications for real customers.

[spudgunismine] 25/9/2017 20:11

hxxp://news.sys-con.com/node/4165486

[rf911] 25/9/2017 11:32

Bb , this has doubled in a month, nobody cares about your 🗣💩 , ya fokin mupet

[owenski] 25/9/2017 09:30

Last week of the month, so they have five days left to produce a market communication.

[bbmsionlypostafter] 25/9/2017 09:10

Have they made any acquisitions with the £39M they raised on 5.5.17 - "The proceeds from the Placing will be used to fund several identified acquisition opportunities, mainly in the IoT Services sector, which the Company will look to execute in the near to medium term." - or are they just going to use the money to keep the lights on?

Looking like the latter at this stage, nearly 5 months later.

[owenski] 23/9/2017 16:41

Frazboy, indeed I don't disagree, it's technical until Ennismore starts moving down to 3% regions, until then, the positions haven't really changed.

My take has always been that this is a decent business but it's costing money to build the IoT infrastructure, just like it did when mobile phones were kicking off, but the money is to be made in the fast growing services side - data management.

Financially they're walking a tightrope which hasn't been too much of a problem until recent events.

Their accounting has always raised concerns and although I'm bullish on the company, I do think they need some changes here.

I also wont be buying - if ever - until I'm happier with the risk. I personally think the short positions will give a better clue as to whether the market view is changing.

If Telit survives this - I think it will - probably with a fund raise, if the future market size is as predicted, then I'd rather buy TCM with a clearer view of the financials and the risk at a higher price, than gamble by going in now.

IMO

[glenkaz] 23/9/2017 13:55

🔥😱

[frazboy] 23/9/2017 13:33

owenski - just a thought but the short positions may have been trimmed for technical reasons e.g. the longs wanted their stock back so they could sell it?

i did reopen a position on Friday but only for beer money at the moment, if the price settles i'll take a more serious position. As a reminder we're due two updates, one that the company promised us in the last significant RNS, and one on the 2nd October at the £250 a seat IoT conference in Barcelona where the company will tell us about a major new contract! (see the transcript from the H1 results). i'm watching this closely as I feel it will be educational whatever the outcome.

[hpcg] 23/9/2017 13:28

I disagree. This is the price it fell to when we found out it was a bad cash burning business.

[owenski] 23/9/2017 09:13

It's at the point of gapping up, or will it get knocked down again. Should be an update soon and whether they are going to raise funds. Short positions have been trimming but are still high at 13.2%.

Still a good business here imo, hope it moves past this.

[glenkaz] 23/9/2017 09:11

🗣💩 el 🦑 Tw wants us! Breakfast is ready!! 🤢

[kirk 6] 23/9/2017 07:16

Elcap are you not bust yet!? When is TW going to write a load of articles again

[elcapital2017] 23/9/2017 07:01

Glenda you are a complete nutcase

[glenkaz] 22/9/2017 17:06

I'm having a nice time on irv 🗣💩 bb arrived and soon fooooooked off! Ha ha ha! Don't forget when the time is right bank your profits guys! Really happy for you all 🤡✌A039;

[hpcg] 22/9/2017 16:06

Price action still too strong for me to go short again. I presume the Kowloonie has been hoovering up the stock. I'd like to see a consolidation here first. Having said that this is a natural place for any stuck large holders to make an exit with not too much damage. Watching for now.

[rf911] 22/9/2017 14:57

Glen thanks bud and well done on your brilliant call here 👍....these sharemuppets readers will never understand trading investing and business. Im concerned for our resident moron bbs whereabouts - someone file a missing persons report yet? LOL 😆🤡