Telit Communications Share Discussion Threads

[buffythebuffoon] 16/11/2015 14:16

Staverly,

I think they currently are fcf positive. I haven't checked from the native data, but Stockopedia show them to be so.

Then again, some people won't trust any website where they can't spell their name in a civilised way.

Buffy

[joestraughan] 16/11/2015 14:12

tcm did achieve a nil net debt position at the half year - so it is generating FCF. FCF is not considered arbitrary like EBITDA.

[staverly] 16/11/2015 13:42

Grievy ... I realise FCF is an arbitrary figure but I wasn't aware that Telit was even in the vicinity of achieving this useful performance criteria, discuss

[mmelody] 16/11/2015 13:33

I'll be happy if it's hovering around £2!

[zipstuck] 16/11/2015 13:23

Suspect that Oozi will be happy to buy back stock next month at this level. Also if he's buying back he's not on acquisition trail.Therefore more likley to be bought.

[eagle eye] 16/11/2015 13:13

I need to review the above post.
Shorttracker doesn't track disclosures once they drop below 0.5%, so not sure if the whole position has been closed.

[eagle eye] 16/11/2015 13:03

Yes, according to shorttracker they have:

[mmelody] 16/11/2015 13:01

Can someone confirm if World Quant have closed their short?

[grievy] 16/11/2015 12:59

@mmelody

I suppose so. The industry seem to be facing some downward pressures for now.

Much more specifically to Telit, one of the red flags in their accounting is that they have become slightly more aggressive in capitalising their developmental costs, even by their own standards (based on historical trend). Going forward though would be to observe if Telit as a company continues to enjoy positive free cash flows and low borrowing costs, both of which are pretty good signals about its financial health.

Otherwise, barring any unexpected events, we are very likely to see IoT industry and Telit grow substantially in the near future as the Western economies continue their recovery.

[joestraughan] 16/11/2015 12:58

My hunch is that we are heading towards some merger, which is counter intuitive given the share price action!

[mmelody] 16/11/2015 12:42

Analysts Say IoT Commerce Mainstream In Five Years

www.pymnts.com/news/2015/analysts-say-iot-commerce-mainstream-in-five-years/

[mmelody] 16/11/2015 12:21

I'll be interested to see what views Oozi has on the blockchain. Disruptive or enabler...

[bernieboy] 16/11/2015 11:53

Yes.would be a bit of a turn around 365 to 240 in two weeks! Even for the analysts who change their views as the wind changes!

[joestraughan] 16/11/2015 11:21

Strange - Canaccord only did their last rating on Nov. 3rd with the 365p target - I can't see any new one yet.

[mmelody] 16/11/2015 11:05

Possibly, there may be an air of doom over IoT profitability given both SWIR and TCM have missed their own guidance. Suggests the industry not quite there yet.

[grievy] 16/11/2015 10:39

Could it possibly be linked to Sierra Wireless again? SW did fall by approximately 5% last Friday.

[paleje] 16/11/2015 09:12

When. Link please.

[sandeep67] 16/11/2015 09:11

Great manipulation here. Won't last long. Expect back to 220+

[mmelody] 16/11/2015 09:09

www.wkrb13.com/markets/812776/globo-plc-given-buy-rating-at-canaccord-genuity-gbo/

No credibility.

[rteslya2] 16/11/2015 09:04

Telit Communications PLC (TCM LN) was downgraded to "Hold" from "Buy" at Canaccord Genuity by equity analyst Bob Liao. The 12-month target price is GBp 240.00 per share

[staverly] 16/11/2015 08:48

Maybe it's a tad overvalued. In summary, the constant need for cash from Financing activities (always a useful indicator) reflects on-going challenge to create any share holder value:

$m

H1 '15 11.5
FY '14 1.7
FY '13 6.3
FY '12 15.4
FY '11 29.1

[stegrego] 16/11/2015 08:43

Looks like usual market BS to me.

[muffster] 16/11/2015 08:38

Am out, this looks like market knows bad news

[yf23_1] 16/11/2015 08:32

Now WTF, this is down more than shrares announcing profit warnings and yet there's no news at all.

[reddave999] 16/11/2015 08:07

Not looking good folks