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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Telit Communications Plc | TCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 229.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 229.00 | 229.00 |
| Top Posts |
|---|
Posted at 28/7/2021 09:10 by tonysss13 RARE ALERT: Telit Communications said to ... - Part 42Wednesday, 28 July 2021, 9:02 am U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications. People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash. It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation. People following the situation said advisers from Credit Suisse are working with U-blox on the bid. Telit's investors are set to decide today at a shareholder meeting on whether to approve a 229.5p a share offer from private equity firm Dbay Advisers. |
Posted at 26/5/2021 20:53 by beergut This tells the small investor all you need to know.On behalf of funds managed by us, Berry Street Capital Management LLP owns over 1% of Telit Communications Plc. We were disappointed by the Telit Board’s recommendation of the Cash Offer from their largest shareholder, DBay Advisors, at a price that even the Board recognises undervalues Telit and its longer-term prospects. The Telit Board has justified this recommendation by, amongst other things, the fact that 58 per cent of Telit’s share capital supports the Acquisition. This fails to highlight that, of that 58 per cent, over 41 per cent is owned by the bidder, the CEO and other shareholders who will be accepting the unlisted stock alternative offer and will be able to continue to benefit from any subsequent increase in the value of Telit. This unlisted stock alternative is unable to be held by most of the independent minority shareholders and, as the Board recognises, is unrecommendable for minority shareholders to accept. Yet again, the Board of a UK listed company has recommended an offer structured as a scheme of arrangement at a valuation that does not reflect the true value of the company, with a stock alternative that is not a true alternative for the majority of independent shareholders. In our view, when such a structure is contemplated, the Board’s fiduciary duties should be focused solely in protecting the rights of the minority holders who are only able to accept the Cash Offer and should not be swayed by the desires of the few shareholders who are party to the creation of such an unfair structure. Berry Street Capital Management LLP |
Posted at 10/3/2021 17:39 by ny boy Shrewd investor richard griffiths upped his stake, obviously keen, knows more than most of us but gives confidence to hold these long term. Timely purchase ahead of results 24 March |
Posted at 13/1/2021 11:28 by chess123 Ublox. Big rise this morning of 7% could be Rns saying they've pulled out of trying to merge with Telit, which has pleased investors, The telit Sp doesn't seem to be able to break through the 200p resistance level, hopefully the trading update will push the share price up.. |
Posted at 25/11/2020 13:01 by ascov Here's what the Stockopedia blog said last Friday. Which should explain your conundrum. As a separate issue i find the Stockopedia blog worth every penny.200ish is reasonably good for most, but it needs a bigger player offering Cash not illiquid shares to go higher. Telit Communications (LON:TCM) 198p (up 18%) - mkt cap £264m Takeover approaches - I reported here on 3 Nov 2020 that Telit told us it had 2 possible takeover approaches, from DBAY Advisors Ltd, and a tiny NASDAQ company called Lantronix, proposing an all share reverse takeover, which didn’t look at all appealing. It’s smoked out another potential bidder, called u-blox Holding AG, a company listed in Switzerland. Unfortunately it’s another unsatisfactory all-share proposed deal. Why would UK investors want to own shares in a small Swiss tech company? received a preliminary proposal from u-blox Holding AG, ("u-blox") regarding a possible all-share merger (the "Proposal"). Under the terms of the Proposal, Telit shareholders would receive u-blox shares with a value of £2.50 per Telit share, which would result in Telit shareholders owning approximately 53% in the combined company (based on the assumptions in the Proposal). Telit's share price is only up to 198p today, because 250p in some (probably illiquid) overseas share, is not appealing at all. If that deal goes ahead, it would probably lead to unending selling pressure, from UK investors wanting to exit. |
Posted at 10/11/2020 15:43 by robin_lemer DBAY are serious investors and have mounted and been successful in a number of takeovers. Over the last two days they have bought an additional 5.1m shares the last tranche of 451000 they paid £1.628 which I suggest would mean they will make a bid of a minimum of £1.70 a share. Their holding is now 15.37% - 20.443m shares.They have thus increased their holding by 30%. In truth I have been a shareholder for two years and have bought two lots. Today on the basis of DBAY [ run by the founders of Laxey Partners a very successful investment outfit]I increased my holding firmly believing they will make a serious bid north of £1.70 |
Posted at 02/11/2020 23:31 by timmy11 RARE ALERT: Telit Communications said to ... - Part 12Monday, 2 November 2020, 3:10 pm Telit Communications, the Aim-listed internet of things designer, is said to be "in play", with Canadian rival Sierra Wireless, activist investor Dbay and a mystery private equity firm all rumoured to be "actively" circling the business. People following the situation have heard speculation Sierra Wireless may have already recently offered around 206p a share for Telit. The rumoured offer is said to be part paper, part cash, with 60pc offered in Sierra Wireless stock and the remaining 40pc in cash, said these people... Register |
Posted at 20/7/2020 16:48 by beergut DBAY ABOUT USDBAY Advisors Limited (“DBAY”) is an international asset management firm with offices in Douglas (Isle of Man) and London. Our goal is to provide our investors with superior risk-adjusted returns while prioritising preservation of capital by focussing on investments with a high margin of safety. |
Posted at 28/6/2020 17:19 by af004 Oldish story...Now Cats is away, Chinese come to play with £285mThe Scottish Mail on Sunday17 May 2020Jamie Nimmo'sREMEMBER Telit Communications? It's the AIMlisted 'internet of things' provider that hit the headlines in 2018 after it emerged that its chief executive, Oozi Cats, was in fact a fugitive called Uzi Katz on the run from the US authorities.Since then Cats, who owns almost 13 per cent of the company, has left the business and the shares have been on a rollercoaster ride, initially crashing but then rallying as predators including a mysterious Chinese shareholder called Run Lian Tai Management began to circle.Talk about a bid from the Chinese and also Canadian group Sierra Wireless has been circulating the City for 18 months but so far no formal offer has been forthcoming.However, there was a frisson of excitement among the racier punters last week after TMT Finance reported that China-based Sunsea an investor connected to the AIM company's Chinese shareholder, Run Lian Tai Management is preparing to launch a bid for the business as part of a consortium at a significant premium to the current share price of 130p.The mutter is that a £285 million offer from Sunsea could be sent to LSE in the next few days.BURBERRY felt the impact of the Covid-19 c |
Posted at 11/5/2020 11:07 by muchodinero MM's playing games?I see lots of very small trades trying to keep a lid on the share price .... Well I've managed to slowly accumulate 100,000 at these depressed prices so just following the recent very large Director buys big confidence message I believe from the BOD .. So much cash in the bank this is a potential takeover target again.. maybe 'Far East' investors will look to get this company for the very high end IOT technology? Also share buyback as a way of distributing some of the large cash pile from the very well timed automotive sale last year. This is definitely one to watch over the summer, maybe test 200p again? ADYOR ..... |
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