Telit Communications Share Discussion Threads

[owenski] 24/10/2017 08:21

TCM shorts creeping back up again at 13.3%

[owenski] 24/10/2017 08:20

Good news for TCM today.

"The delay in this VoLTE certification, as previously mentioned, was one of the reasons for our revenue shortfall in the first half. However, in line with our existing expectations, this certification clearance will enable us to ramp up the shipping of these modules in 2018."

[glenkaz] 23/10/2017 19:29

🗣💩 more moose for BB

[muffster] 21/10/2017 10:00

Was the massive rise for only a few minutes deliberate? Went from 170 to 185, then back again.

[savagedstock] 18/10/2017 10:51

owenski...thanks for this. So i looked at WAND - revenue £8m roughly, losses as far as teh eye can see and a Market Cap of £331 million....i also listened to their investor day presentation. I have heard it all before...in teh dot com boom, do you remember when Juniper Networks was going to take over the world...the list is endless....and what made me really chuckle was the guy's line...'the Cloud will come to the data...' remind you of mountain and Mohammed?
I actually have a real world interest in all of this as we use chip sets and are truly underwhelmed by what they do...

[bbmsionlypostafter] 18/10/2017 09:50

How are the acquisitions coming along?

[muffster] 18/10/2017 09:33

City index stopped new shorts

[bones30] 18/10/2017 08:08

httPs://venturebeat.com/2017/10/16/qualcomm-successfully-tests-its-first-5g-modem-chipset/amp/

[owenski] 17/10/2017 20:43

Short positions = now at 13% down from 13.3%

Still high.

[owenski] 17/10/2017 20:41

Value in data?

Some interesting perspectives can be gleaned about this from the today's Cap. Market presentation from Wandisco.

Peter Burris from Wikibon highlights the value of data applications in his slot - about 8 minutes onward in the presentation.

TCM always had data apps as central to their strategy, but initially the IoT real estate needs to be populated - similar to mobile phone network and handset roll out before the cash cow of data sales appeared.

This is an industry perspective and not just some marketing tosh spouted by TCM.

TCM is being hammered by shorts, but this is still a real business with some valuable components to it. Ordinary investors may well lose out but someone will end up with all or parts of this on the cheap.

[scantrader] 17/10/2017 13:50

Not listened to it yet, but more stuff from Tom W on his latest bearcast - says in the summary "I then have hot gossip on Telit (TCM) which shows up the FT's dictation from PR men taking hacks for the fools they are and reinforces the shorting case big time. "

[muffster] 17/10/2017 13:49

Assuming accounts were correct

[troublingtimes] 17/10/2017 11:58

savage - in any case I don't think this will be sold on an "old school" price to earnings. It will go on a multiple to sales. If the Chinese take it they will budget on stripping the costs and getting the margin they want.
If the Americans take it they will put it "into" another tech story and pretend it is the sales from that one. It will bump the market cap and they will raise more money and back fill the story.
Maybe they simply take it private, put some lip stick on it and then relist in the US.

It trades at 50% of sales at the moment.

If they sell at 1x sales then everyone doubles their money from today!

[troublingtimes] 17/10/2017 11:53

savage (sage?).. are you suggesting that the fees to israeli subcontractors have a degree of padding? I know it seems they have caught most of their politicians (presidents?) for corruption but surely not their business people as well?

[savagedstock] 17/10/2017 11:37

troublingtimes - yes you're right they allude to a fat, so its a mixture of people and r&d...i have not seen anything coming out of r&d that could be considered worthwhile...most of the press releases are me too products that others already have. In all honesty they need a fundamental rethink but thr problem with many Israeli companies historically is that cash is funnelled to r&d outfits in Israel that they are loathe to cut....it is the lack of transparency that will cloud investor judgement....so teh only way to raise cash is a disposal.....

Put another way, let's assume that 25X PE multiple is fair for this type of business (generous imo) then they need to make about £9M in NET profit. The real question is how???

[troublingtimes] 17/10/2017 10:41

savage - certainly appears to be a lot of fat in their cost structure. If you read the Berenberg report after oozi went they seemed to suggest very big savings just from him alone.

[verulamium] 17/10/2017 10:04

as long as it includes recently departed officers.

[hpcg] 17/10/2017 10:03

LSE hates suspending shares, and I have to agree with them. A better rule, which I am not sure exists on any exchange, would be to freeze officer trading, selling or buying.

[verulamium] 17/10/2017 10:00

The amazing thing hpcg is how the company's allowed to sort everything out by themselves. Surely once the boss is exposed as a fraudster the shares should be suspended until a proper independent audit's been done, rather than the fraudster's right hand man being allowed to take the reigns. Still no one knows how accurate the accounts are, and no one will until long after Oozi and chums have had a chance to sell at artificially high prices. It stinks.

[hpcg] 17/10/2017 09:57

Cheers, I didn't check, as they were closed to new short positions when the excitement really started. Their short book has obviously unwound. This is not necessarily a good sign though as it suggests that the big money has indeed already been made. IG split 50 / 50 so I can see why they are happy to take on new short money. Tiny stakes for me now, very much swing high to lows with a possible major event kicker, but some risk of a reverse from a surprise corporate action.

[frazboy] 17/10/2017 09:45

You can still open with IG hpcg.

[hpcg] 17/10/2017 09:36

City Index no longer opening shorts (at least as of time of writing), which rather ends my interest. It's been a pleasure, though I would much prefer if these types of company were absent from AIM and thus valuable investment equity was not flushed down the pan.