Telit Communications Share Discussion Threads

[owenski] 09/3/2018 19:10

Ennismore now going below 4% @ 3.69%

[owenski] 09/3/2018 08:49

Now at 4.09%

[owenski] 07/3/2018 15:29

Ennismore now down to 4.11%

[owenski] 06/3/2018 15:22

Results were out 13 March last year.

We'll see how 'complex' they are this year and how genuine all those sales are, maybe they'll kitchen sink it all and start from a more honest place.

[owenski] 03/3/2018 11:48

Ennismore down to 4.37% 1st Mar.

[owenski] 03/3/2018 11:33

Full year results were 13th Mar. last year with notice of results in Feb.

Wonder if they're still trying to fudge the figures, lol

[owenski] 01/3/2018 19:50

meanwhile business continues

[swisslog] 24/2/2018 10:21

Ennismore gave up and lost this battle. It happens. It is with its followers collecting losses and looking for new targets. Carry cost alone is/has been substantial in yhis small stock. However, it is buying which means the buy side interest is somewhat bias as the borrowers are balancing their portfolios not investors. Of course same spplied in reverse action when they pushed down the price. Magnitude of moves is far greater than without substantial borrowing activity which has been a case in this stock.

[owenski] 22/2/2018 10:38

At over 6% at one point, Ennismore was the most exposed/committed shorter of TCM.

It now looks like they are reducing and have been doing so around the 160 to 185 levels. Most of their shorts were opened around 20p above this, a small portion when it climbed to the 300 level and a reasonable chunk opened below current prices.

The best time for them to have closed out was when this went below 140 and down to 100, but they didn't, and yet now they are at much higher prices.

All in all, considering the length of time they ran this and the premiums involved, I cant see this being that successful in returns to Ennismore, not a well run position at all.

If they're now closing out and the price here is starting to reflect the perceived risk profile and indeed 'if' there are any price rises on a more opaque financial position wrt TCM, then Ennismore may barely come at breakeven, not bad for running a position at well over two years.

[owenski] 14/2/2018 09:57

Ennismore down again, now @ 4.69%

[frazboy] 13/2/2018 16:04

i've been watching ennismore too, and am a little surprised at their reducing. i think many of us lost interest in this share due to the fact no borrow has been available for weeks.

as the company originally chomped through its capital in H1, with H2 being the stronge r half, we may see some corporate activity in the next month or two. what shape that will take, who knows.

[owenski] 13/2/2018 10:29

Ennismore down again, 4.75%

Looks like they're unwinding.

[owenski] 11/2/2018 09:44

Ennismore still reducing

[owenski] 01/2/2018 20:56

Shorts coming down a tad with Ennismore reducing.

[swisslog] 19/1/2018 15:44

New sights for private networks, market starts to booming

hxxps://blog.networks.nokia.com/iot/2017/12/28/2018-year-private-networks/

[sphere25] 18/1/2018 09:16

Abit of a rally yesterday - not another "bid rumour" was it lol

Should be a trading update soon, perhaps a rally ahead of that. For those new to this company and buying, get out into this spike - this stock has a long way to fall yet.

Dodgy crooked companies like this should be delisted.

[ibrahimshah] 18/1/2018 01:18

Why no one write on this page anymore, (almost a month since the last post!)IS EVERYTHING OK?

[multiplural] 17/1/2018 21:22

Why are we up 13 % today.
Have any news come out re the rumour of a buyout, or is there anything else out there ?

[sphere25] 15/12/2017 11:12

Surprise surprise!

More bad news being dripped out by this untrustworthy entity.


- "The Group is in advanced discussions with this bank to agree an advance waiver of potential breaches of its covenants as at 31 December 2017" - another breach, that's alarming!
- "Pressure on gross profit margins"
- "Exceptional charges of approximately $25m"
- "$16m of non-cash write downs of capitalised development costs and inventories that relate to discontinued products and activities" They could keep doing this in future, and despite being non-cash, that is still $16m of investors cash blown.

Yes, there are some positives on reducing the cost base, but do we really believe it will result in....

"In 2018, we expect double digit revenue growth, fueled by the important 2017 US certifications, which together with our reduced cost base will lead to a significant improvement in free cash flow generation."

Not a chance! What is a significant improvement in free cash flow generation in TCM terms ---> something like -$5million to -$4 million ---> there is no free cash generation!

They will warn again, generate zero free cash, come out with more significant write downs, and then come crawling back to investors for more cash.

The only actual surprise is the small movement in the stock and that Serra and Run Tai haven't realised (in light of all the bad news since they built stakes) just how much they're going to lose here.

Stay short


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Sphere25
23 Nov '17 - 19:21 - 6367 of 6374 Edit
0 0 0
Stay short - more bad news to come.

Run Liang Tai --> Muppets
Davide Serra ---> Known muppet

Not alot else to say until we hear more negative news on fundamentals.

Sphere - short

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Sphere25 - 28 Sep 2017 - 06:31:36 - 6077 of 6367 Telit Communications plc - TCM
Oh dear, oh dear, oh dear! It's all starting to drip out!

The crooks are downgrading revenue and EBITDA, as well as reviewing product lines, because they're cooking the books. As for the convenant issue, this company doesn't generate free cash flow.

This bit was worth a good laugh too:

"Telit expects to see, as normal, significant cash generation in the second half of the financial year"

Been saying it's going to get ugly for a while and it will keep getting uglier for here. I am short again now, but all the signs are there to make even the dimmest wonder what is actually going on here.

All imo

[wiseacre] 08/12/2017 17:18

Note the purchase of 1.25 million shares in three tranches at lunchtime today. That is not far short of £2million. Does somebody know something? Has the company sold its automotive division I wonder. Insider dealing has been a feature of this company.

[wiseacre] 06/12/2017 08:36

No dear boy they are desperately trying to sell the crown jewel (the automotive division) to shore up their finances. Promised trading statement early December. Delay doesn't look good.