Telit Communications Share Discussion Threads

[ny boy] 26/3/2021 08:15

Best just stay patient and wait for the action to start, I expect a few rumours/leaks will pop up before as the share price jumps a bit

[muchodinero] 23/3/2021 08:04

Dark forces and back handers at play I wonder??? I hope not!

[timmy11] 23/3/2021 07:34

did we not have an offer of 2.50 from the swiss co

[ropey] 22/3/2021 23:00

How can an offer of 206 be acceptable by the BOD to allow Dbay to do DD !!?

[muchodinero] 22/3/2021 21:17

Looks like another suiter lining up for Telit? hxxps://betaville.co.uk/betaville-intelligence/rare-alert-telit-communications-said-to-part-29/

[capitalist] 22/3/2021 07:57

I guess, we are where we are. The BOD, for whatever reasons, have agreed to let Dbay have another go. A bid costs quite a bit, as does a failed bid. A failed bid also causes some reputational damage for the bidder, so, my hope is that these factors will encourage Dbay to make a reasonable offer and if they don't I would hope their offer will be turned down.

[ny boy] 19/3/2021 11:43

The offer will be around 245p imo Just sitting tight until further news develops.

[wilmot666] 18/3/2021 17:35

What complete tosh copied below. 54% premium sure but markets have substantially recovered since then. Premium if they had bid now would be substantially reduced. And an opportunity to sell now for cash. Sure but PIs can sell now into the market. This would only appeal to larger holders who are hopefully savvy enough to want a higher bid. Whilst commercial discussions with the Board of Telit are ongoing and there can be no certainty that any firm offer will be made, DBAY believes, based on its due diligence to date, that any Possible Offer at 206 pence per Telit share, which equates to a premium of approximately 54% relative to Telit's closing price on 26 October 2020 (the day before DBAY made its first proposal to Telit), represents a fair and reasonable price and gives Telit shareholders the opportunity to sell their shareholding for cash.

[techno20] 18/3/2021 17:23

Looks like someone’s just bought 94k @ 208. Presumably not DBay, albeit they bought at higher than their last offer within hours, so who knows!

[dennislevine] 18/3/2021 17:06

Agreed. If Dbay think its fairly valued at 206p they should sell their stake and move on.

[wilmot666] 18/3/2021 16:50

Management should focus on the business and tell DBAY to stop wasting their time.

[techno20] 18/3/2021 16:26

Tell them to get lost! Prefer to take the chance on future success of the business.

[muchodinero] 18/3/2021 10:26

Why would Telit even allow it as they must have been given some guidance from Dbay, otherwise Telit can refuse to talk to Dbay for 6 months under takeover rules. Read the RNS's

[weatherman] 18/3/2021 10:08

Are Telit lining up another low ball bid?

[itsyou] 18/3/2021 08:48

The source of the "media speculation" Betaville "People following the situation have heard Dbay has indicated it could be willing to pay around 250p in cash for Telit. It's thought Dbay has approached other significant shareholders, such as Compass Asset Management, for support for a potential offeror via irrevocable undertakings."

[ny boy] 18/3/2021 08:48

This could get a tad exciting if more than one bidder returns

[beergut] 18/3/2021 08:28

The board must have told them what price they expect otherwise why let them bid again and waste the companies time. Will the Swiss come back ?

[techno20] 18/3/2021 08:23

Market clearly not expecting fireworks. Afraid to say I can’t see Dbay going from 195 to 300. They will walk rather than (in their view) overpay IMV.

[muchodinero] 18/3/2021 08:17

As I've been saying for ages, anything less than 300p is just undervaluing Telit's potential income even in the short term imho. Dbay appear desperate to get their hands on Telit? Adyor