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 Shares Traded Last Trade
  +2.50p +1.57% 161.90p 215,337 12:56:28
Bid Price Offer Price High Price Low Price Open Price
161.40p 162.00p 164.00p 160.00p 162.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 277.30 -42.04 -31.02 206.8

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Date Time Title Posts
15/10/201808:32Telit Communications plc6,625
03/9/201811:45Time to Look at Telit (TCM)1
12/7/201810:54Telit (TCM) One to Watch 1
27/4/201814:23Telit Communications181
12/8/201722:44A rosy future2

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Telit Daily Update: Telit Communications is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TCM. The last closing price for Telit was 159.40p.
Telit Communications has a 4 week average price of 151p and a 12 week average price of 148p.
The 1 year high share price is 195p while the 1 year low share price is currently 138.25p.
There are currently 127,760,992 shares in issue and the average daily traded volume is 350,993 shares. The market capitalisation of Telit Communications is £206,845,046.05.
senor_sensible: Telit Communications losses almost double as margins contract Internet of Things group Telit Communications said its first-half losses almost doubled as margins slumped. Pre-tax losses for the six months through June amounted to $12.8m, compared to a losses of $6.7m on-year. Revenue rose 14% to $201.7, though gross margin fell to 33.6%, down from 39.2% on-year. Margins, however, had improved from the second half of 2017, when they fell to 31.5%. 'During the first half we made good progress in implementing our turnaround plan,' chief executive Yosi Fait said. 'The sale of the automotive division together with our organisational changes will enable us to solely focus on the considerable opportunities in the industrial IoT space as well as reducing our operational cost base.' 'Current trading remains in line with our expectations.' 'We expect to maintain double-digit revenue growth during the rest of 2018, which coupled with good progress with the other objectives, leads us to expect to deliver positive results including 'profit in cash' for the full year.' At 9:30am: (LON:TCM) Telit Communications PLC share price was +3.65p at 166.05p
bbmsionlypostafter: Jackbal 4 Jul '18 - 15:21 - 6472 of 6472 0 0 0 They raised 39 million at 340 just over a year ago.... 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. Https://
dangersimpson2: No one knows where any share price is going in the short term and no one knows what any company is truly worth (since so much of the value is based on future outcomes) so listening to others opinions is always going to lead you astray. You have to learn to think probabilistically. This means that you will regularly get your analysis and process right and make a loss (or miss a gain) - that's what makes investing challenging but fun. For TCM specifically, if all the distributors they list on their website are real independent companies, and they can manage to return to rapid growth, and they can manage to generate free cash flow, and have a sustainable competitive advantage then the company will be worth more than today's market cap. Given the current valuation (fwd P/E = 20) & concerns with corporate governance then if any one of those factors doesn't happen they are likely to be worth a lot less than their current market cap. Therefore probabilistically I see the risk very much to the downside but who knows what the real outcome will be. I am pretty certain no amount of amateur TA will change that outcome though.
wiseacre: There are so many red flags and the fact that, apart form the little deals from the bulletin board morons, the volume has dried up smells bad. I can envisage a big drop in share price and if I was a holder would be worried by the delay in any announcement.
a1samu: The climbing share price is anticipating something. The end of the week or good news all round?
frazboy: Share price nosediving - i can't see any announcements. Anyone better informed?
twistednik: Bounce on bid chatter for auto subsidiary... -------------------------- Telit Communications [LON:TCM], the UK-based microchip developer, is weighing interest in a sale of its automotive subsidiary, the Financial Times reported. Two sources briefed on the situation said the unit is priced at GBP 100m-150m (USD 132m-198m). Another individual said the process, under adviser Rothschild, is in the early stages and far from any deal, the item reported. Advent International, Apax Partners, Battery Ventures, Berkshire Partners and Vector Capital are among PE firms said to have links to the situation, although no offers have been received, the report said. A number of potential trade bidders have also been approached, the item reported. Telit’s share price has plummeted since a scandal involving former chief executive Oozi Cats, who stepped down two months ago, which leaves the business vulnerable to takeover bids, the report said. Since Cats’ exit, the Hong Kong fund Run Liang Tai Management has been accumulating a stake in excess of 14% in Telit, which has an approximately GBP 205m market cap, the item noted.
master rsi: Tipped ..... Why Telit Communications plc could be a millionaire-maker stock - The Motley Fool Peter Stephens | Wednesday, 13th September, 2017 It has been a hugely eventful few weeks for Telit Communications (LSE: TCM). The Internet of Things (IoT) specialist has enjoyed the high point of an order from electric vehicle manufacturer Tesla. However, it has also seen its CEO resign in highly unusual circumstances. The company’s share price has reacted with a considerable amount of volatility, and this could continue in the near term. However, in the long run, it could have growth potential and may help its investors to move towards a seven-figure portfolio. Uncertain period The unusual circumstances in which Oozi Cats resigned from his position as CEO… Http://
owenski: INVESTMENT OVERVIEW: TCM THE BIG PICTURE I'll be back ... the machine-to-machines comms specialist has bounced back before Telit Communications Plc (LON:TLC) has placed itself firmly at the forefront of the next digital revolution - the Internet of Things (IoT). The group’s technology allows devices to communicate and share data through a wireless network. It is currently the number-one player in the industrial IoT sector with almost a third share of the market. Telit designs and manufactures IoT modules in order to connect devices with each other and a centralised dashboard or app. The modules are electronic components that are designed into the inner-workings of a device, allowing it to send and receive data over wireless networks. Satellite navigation modules make the device position aware. Telit’s aim is to be an end-to-end solutions provider for its customer, which means keeping at the cutting edge of technology and providing its customers with a global support network. Sometimes, keeping at the cutting edge of technology is made more difficult by industry bodies dragging their feet over adoption of new standards, as happened in the Americas in the middle of the decade with the introduction of new Long-Term Evolution (LTE) standards. Recently, and in similar vein, the shares have been battered by similar delays in the timing of certifications for the LTE CAT-1 VoLTE product and a handful of large scale deployments, all of which could be deployed slower than planned. Investors should take heart from the fact that Telit has suffered this sort of share price slump before and bounced back. Telit’s official line remains that the certifications should come through in the current quarter and will provide a fillip to revenues in 2018 and beyond. LTE promises faster speeds compared to G4 LTE is the name given to the technology used in pursuit of next generation data speed standards. It exists as a set of requirements for high-speed wireless mobile data networks. LTE involves increasing the capacity and speed of the network using a different radio interface together with core network improvements. The standard is used to upgrade from the 2G wireless networks to 3G and 4G. In the case of 4G, users should see data speeds up to ten times faster than current networks. Strong rebound in the Americas after the last sped bump History suggests that once delays in certification are overcome, it will regain momentum in the Americas. The highlight of the results for 2016 was the 36.5% growth in IoT services revenues to US$35.1mln. Overall, Telit’s revenues were up 11% to US$370.3mln as the Americas returned to strong growth in the second half. This gave adjusted underlying earnings (EBIDTA) of US$54.4mln (up 20%) and pre-tax profit of US$19.1mln (also up 20%). In its half-year results for 2017, the company indicated that revenues would fall somewhere in the range of US$400mln to US$430mln, while adjusted EBITDA would be between US$47mln and US$60mln. The width of those guidance ranges indicates the level of uncertainty currently in the business, though Telit is confident the delayed revenues have only been deferred, not lost. The uncertainty has had an effect on cash generation and as a precaution the company has suspended the interim dividend. Bolt-on acquisitions flesh out the product suite Telit has its own research & development (R&D) technology, but it is not averse to buying up companies that augment its product offering. Telit acquired some Bluetooth Low Energy (BLE) assets early in 2016 from German company Stollmann Entwicklungs und Vertriebs – and a year later it pulled off what looks like a coup with the acquisition of smart Wi-Fi specialist GainSpan. This is a company that was once part of the company known as “ChipzillaR21;: Intel. The computer chip giant ploughed millions of dollars into it, resulting in top-notch technology and patents, all of which Telit has picked up for US$8mln in cash. While the technological development has been excellent, the commercial side of things at GainSpan did not pan out so well, and the company is currently loss-making. As a result, Telit's earnings will take a hit of around US$4mln in the first year of ownership, but Yosi Fait, Telit’s president and finance director, thinks the San Jose, California ultra-low-power Wi-Fi specialist will blossom under Telit’s management. “It has annual revenues of about US$10mln, which is very small. This will grow significantly, and this will be a great addition [to the Telit stable],” Fait predicted, adding that the company has already heard from many existing customers expressing approval of the acquisition. Damage repair mode There is little doubt that the company has a bit of damage repair work to do after the savage reaction to its 2017 interims, but (now ex) chief executive Oozi Cats remains upbeat. "Our IoT Services business unit, with its recurring revenue business model, is continuing to gain real momentum. Its growth rate continues to be strong - with revenues up over 25% - as increasingly large industrial organisations seek integrated end-to-end solutions to meet their IoT requirements,” Cats said "Our ability to provide integrated end-to-end IoT solutions for corporates and enterprises - including our IoT portal, global SIM cards with custom data plan, our IoT modules, and our factory solutions platform together with our IoT know-how is gaining strong traction and recognition by customers and partners. Two recently announced partners are OT-Morpho and Cisco, joining existing partners SAP and Tech Mahindra, as well as many others,” he continued, adding that the company remains confident of a strong performance in the second half of this year. Cats resigns after investigaiton into histroical indictments Chief executive Cats recently resigned from his position with immediate effect following an internal investigation into alleged historical indictments. Reports at the start of August alleged that Cats had been on the run from US law enforcement since the early ‘90s after skipping a plea hearing. Shortly after those reports surfaced Telit confirmed it had hired a law firm to assess whether or not Oozi and his wife were connected to the Uzi and Ruth Katz named in the court papers. The Internet of Things (IoT) enabler said the evidence showed Cats had “knowingly withheld” the indictments from the company. “It is a source of considerable anger to the board that the historical indictment against Oozi Cats was never disclosed to them or previous members of the board and that they have only been made aware of its existence through third parties,” a statement said. Yosi Fait will continue as interim chief executive officer while three independent non-executive directors are expected to be appointed “as soon as possible” to reinforce the board.
homeytheclown: The shorters that are reducing their positions are realizing losses. If you map their short trades over time and overlay it with a graph of the share price you can see just how much they are losing. The recent reductions occur at a time when the share price is near its all time high. If shorters are reducing their positions when the share price is this high, one could guess that the shorters may be ready to exit their positions. I suppose the smart money isn't looking so smart now.
Telit share price data is direct from the London Stock Exchange
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