Telit Communications Share Discussion Threads

[timmy11] 11/7/2018 16:03

that directed to senor

[timmy11] 11/7/2018 16:02

do you own any shares here, if so sell up and move on

[timmy11] 11/7/2018 11:30

Telit Communications Expects Half-Year Revenue Up 13% On New Designs LONDON (Alliance News) - Telit Communications PLC said Wednesday it expects half-year revenue ...
Alliance News11 July, 2018 | 10:56AMEmail Form
LONDON (Alliance News) - Telit Communications PLC said Wednesday it expects half-year revenue 13% higher that last year, driven by a ramp up of new designs and strong connectivity capabilities demand.

The wireless technology provider said it expects to post revenue, for the six months to June 30, of USD201 million. Last year revenue was USD177.6 million.

Revenue from Telit's connectivity and Internet of Things platforms services is expected to be USD16.5 million, up 16% from USD14.2 million year-on-year.

"Our gross margins have now stabilised and together with the revenue growth and costs rationalisation, we are making headway towards a return to being a sustainably cash generative business," Chief Executive Officer Yosi Fait said.

Shares in Telit were 2.3% higher at 158.50 pence on Wednesday.

[owenski] 11/7/2018 08:20

Spot on Senor

[senor_sensible] 11/7/2018 07:40

Target price is <80p IMO be careful not to get caught

[senor_sensible] 11/7/2018 07:38

I think

"Telit has been informed, following a court hearing on 9 July 2018, that the administrators to BAMES have taken steps to bring a civil claim against Telit regarding its involvement with BAMES. Telit considers, after having taken legal advice, that the claim is without merit and intends to vigorously defend its position. It remains the case that at this early stage it is not possible to quantify any possible liability to Telit."

Supercedes

"a very small 'expects' to report small increase in turnover and profit Y-O-Y"

Expect a small rise at open where newbies think fortunes are good, hopefully that will feed into the liquidity required to cover the old boys trying to escape.

[owenski] 10/7/2018 08:35

It's a shame, the business is decent enough but ruined by a crooked few.

Removing the recent board appointments - appointments made to try and move beyond the financial shenanigans - beggars belief.

[jackbal] 10/7/2018 08:21

Thought the open would be worse. I sold all of my position for small profit.

Will keep an eye on but the after hours rns spoiled me on this.

[owenski] 10/7/2018 07:13

Is this going to tank today?

[owenski] 09/7/2018 17:31

A decent business buried under incompetance and criminals.

[eagle eye] 09/7/2018 17:22

Late RNS today:




BAMES update

London, 9 July 2018 - Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), announces an update on the legal proceedings regarding the Group and Bartolini After Market Electronic Services Srl ("BAMES").

As previously disclosed, between 2007 and 2010, Telit and its Italian subsidiaries were parties to several agreements with BAMES and its subsidiary. In 2013, BAMES went into liquidation. In 2016, Telit became aware of a criminal investigation against a number of parties with respect to BAMES' insolvency including Telit's former CEO. Telit was not and is not formally involved in these criminal legal proceedings but has been closely monitoring their development.

Telit has been informed, following a court hearing on 9 July 2018, that the administrators to BAMES have taken steps to bring a civil claim against Telit regarding its involvement with BAMES. Telit considers, after having taken legal advice, that the claim is without merit and intends to vigorously defend its position. It remains the case that at this early stage it is not possible to quantify any possible liability to Telit.

[jackbal] 06/7/2018 16:19

Agree re stop. If price moves favourable I will use a trailing one.

I believe it's the uncertainty that creates the buying opp though

Each to there own of course and we all have different risk appetite

[owenski] 06/7/2018 15:59

If I did buy, I'd like some clarity over finances and I'd keep a tight stop on this one.

[jackbal] 06/7/2018 08:58

Put your factor 60 on shorters!

[jackbal] 06/7/2018 08:57

Will you buy if 171 Owens?

[owenski] 05/7/2018 21:21

First short reduction for a while, Wellington trimmed by a tiny amount.

[wrecktangle] 04/7/2018 16:09

hxxps://fccid.io/RI7WE866A1P?utm_source=dlvr.it&utm_medium=twitter - progress looking great - scroll down.

[wrecktangle] 04/7/2018 16:01

This is where I have the balk of my investment placed. The stock has been incrementing each day and well disguised. I would sit back and enjoy the rise and ride. Does this get back to its highs - well it seems to be rising between 3-5% daily so guess we will see where we are in around 20-40 days or so :)

[owenski] 04/7/2018 15:56

Whatever financial shenanigans have been going on, TCM remains an interesting and real business, I have no doubt that'll it'll be in play with someone for all or parts of the business at some point.

[wrecktangle] 04/7/2018 15:51

Calm down gents. I have been following TCM through a reputable tweeter online and I firmly believe something is going on in the background. It feels like something big is about to happen....

The mysterious Chinese company that has built a sizeable shareholding in Telit Communications has increased its stake in the business, raising speculation it is getting closer to making an offer for some or all of the business.

Run Liang Tai Management disclosed it has increased its stake to 15.2pc from 14pc on the UK's regulatory news service.

The share purchase comes as China-based Sunsea Telecommunications, in which Run Liang Tai Management has a stake, has moved to rebrand itself as an Internet of Things provider.

According to Sunsea's website, it provides "comprehensive and all-in-one solutions in the areas of smart industry, smart agriculture, smart logistics, smart transportation, smart grid, smart environment, smart security, smart healthcare, smart home, etc".

Meanwhile, sources claiming to be familiar with the matter claimed Telit may be in "exclusive discussions" to sell its automotive division with a potential buyer, possibly Switzerland's U-blox.

It's thought the potential acquirer for Telit's automotive division could be willing to pay between £100 million and £150 million for the division.

[owenski] 04/7/2018 15:48

39m to pay the wage bill

TCM telling porkies

[bbmsionlypostafter] 04/7/2018 15:43

Jackbal
4 Jul '18 - 15:21 - 6472 of 6472
0 0 0
They raised 39 million at 340 just over a year ago....

..by lying. They said that they were going to use it for acquisitions. What have they acquired?

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.

[jackbal] 04/7/2018 15:21

They raised 39 million at 340 just over a year ago.

That's not an unsignificant amount!

160 less than half so why short from here?