Telit Communications Share Discussion Threads

[owenski] 11/3/2017 21:09

It was not recent, was it incorrect?

[panic investor] 11/3/2017 20:52

That was donkeys ago

[owenski] 11/3/2017 18:04

Others have flagged up the financial issues here, Paul Scott of Stockopedia has written on Telits accounts a couple of times.

[timmy11] 11/3/2017 17:26

and if there was anything amiss
1 the share price wouldnt go up
2 if something was amiss surely others would have flagged this up

[timmy11] 11/3/2017 17:22

homeytheclown
he is shorting so he has his own agenda

anyway we will see the results 7am monday

[homeytheclown] 11/3/2017 16:07

JakNife

Have a look at Telit's organization hxxp://www.telit.com/jp/about-us/organization/ What should be clear to you or to anyone is that the majority of the R&D and manufacturing is in EMEA, less in APAC and the Americas. This concentration of R&D and manufacturing explains why EMEA has a high-level of inter-company sales. To spell it out clearer, Telit EMEA incurs the majority of the R&D, manufactures the product, then sells the product to Telit America and other Telit regions via international transfer pricing standards, usually at cost plus a mark up (5-10%). Telit America sells its product to external customers. This is normal and required to ensure revenue and costs are spread geographically. If you think its suspect I suggest you follow a less complicated company or call the company and maybe they can help you.

Now do you have anything else of substance?

[bazildonbond] 11/3/2017 15:12

If it's stated in the accounts, how is fraudulent?

[homeytheclown] 11/3/2017 10:18

JakNife

In the absence of a proper response I can only assume that you believe that high inter-company sales equates to exaggerated external sales. I recommend you speak to an auditor or revenue accountant before you make any financial decisions based on your theory.

Please highlight any other issues but only do so if you can substantiate your claims.

[homeytheclown] 11/3/2017 09:38

Bones30

Thanks for the laugh. Yes, I had a Sigmund moment.

[bones30] 10/3/2017 18:45

Troll through them, not trawl... Freudian slip?

[homeytheclown] 10/3/2017 18:23

JakNife

Do you expect me to troll through financial reports to find intra-group sales of this magnitude? Once again, it is irrelevant, the external sales figure is the only figure I am interested in. If you wish to focus on this issue then it's up to you substantiate its importance/relevance.

[homeytheclown] 10/3/2017 17:07

Why is intra-group sales of importance to an investor? What are you trying insinuate? I could understand that this may interest the local tax authority. I am only interested in the total revenue, i.e. the external sales figure. Telit like most global companies are complex with many offices, many divisions and Telit would be segment sales to either take advantage to lower tax jurisdications or to better match revenues with costs (internally). This is a non-issue but thank you for taking the time to reply.

[bazildonbond] 10/3/2017 16:32

Doesn't the likes of Amazon, McDonalds do inter group trading to create a lower tax burden in a low tax country ie Luxembourg to pay next to zilch corporation tax?

[timmy11] 10/3/2017 16:06

also has to pay out the divi

[bazildonbond] 10/3/2017 16:00

Good old Sphere, shorted today and up to a new share price high (at the time of writing), your exposure to TCM must be eye watering by now, he he. Of course you could be right in the long term but as your potential losses mount the broker/advisor must be asking for more deposit to cover your position

[owenski] 10/3/2017 15:55

Whatever 'the truth', we'll see how the market reacts throughout Monday, but if this is on a roll then those shorts will have to start closing. Somethings going to have to give that's for sure.

[bones30] 10/3/2017 15:42

Sphere25 what did the borrow cost, was there much available? TIA

[sphere25] 10/3/2017 15:23

Hey Timmy,

How do we know that you are not employed by Ennismore to ramp up the share price so as to allow them to short at higher prices? ;-)

I've added to my short here, just for you Timmy!

Hugs and kisses xxxx

[timmy11] 10/3/2017 14:30

amazing how much time enismore workers spend on this bb