Telit Communications Share Discussion Threads

[sweet karolina] 05/9/2018 22:10

Best of luck. TCM did bounce hard and fast from £1 last year, but has been going sideways ever since and all the new products etc news has had no real effect and the automotive sale news did not either, nor did the Betaville BS about further sales. There are clearly firm believers here, but not to the same moronic, bet the house on billions of barrels, you are having to contend with at UKOG. I still think UKOG will hit 3p when initial flow figures are announced from Kimmeridge. I would not put it past lyin' Steve to get those out before declaring Portland commercial, but with disappointing (for the morons who know SFA) sustainable flow rates (I think 100 BOPD is what they should be, but I can see Lyin' Steve trying to get away with 150).


Sorry to talk UKOG on here, but the UKOG boards are just a nonsense and impossible to have a sensible discussion on. I am using TCM as a bit of a case study into the sort of dog I should short when I retire and UKOG as one that really should be shorted, but is dangerous to put too much money into at too high leverage. So I have a fantasy short on TCM at 162p from 3 Sep with fantasy stop loss at 170p on fantasy 10 x leverage and will put a fantasy short on UKOG when the spike from Kimmeridge initial flow rates peters out and see how they both do.

[sb888] 05/9/2018 20:21

Its a firm short I will be short of this again soon.

[sweet karolina] 05/9/2018 20:12

Senor,

Mug punters always just read the management's spin and ignore the P&L BS and CF because they do not understand what it all means. I ignore the management's spin and go straight to the figures and do some basic analysis, then go back and skim management spin for the key nuggets that add to the analysis. As that is what proper investors also do, there will be a gradual off loading from investors to mug punters before the post sale results come out and then even most mug punters won't be able to bury their heads in the sand - some still will of course, but they won't be able to hold back the deluge of selling at that point.

I am so tempted to short this, but I have sworn off shorting until I retire and can devote the time needed to do it properly, as it is too easy to wipe out all gains with a silly mistake / underestimating the buying power of mug punters in response to a ramp.

[senor_sensible] 04/9/2018 10:46

Telit Communications losses almost double as margins contract
StockMarketWire.com
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

[senor_sensible] 04/9/2018 10:03

revenue flat Y-O-Y
Margin flat y-o-y
Loss making still
Still burning cash


They have reduced costs significantly to keep margin flat, reducing their future ability to generate revenue. Not a growing company IMO be careful, this could finish down on the day

[timmy11] 04/9/2018 07:45

Telit Communications PLC



Interim results - turnaround plan on course



Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has published its results for the six months ended 30 June 2018.



Key corporate developments

· Implementation of turnaround plan and focusing strategy, both progressing well including cost optimisation, reorganisation and stabilization in gross margins

· Sale of automotive division for $105 million is expected to complete by the end of 2018



Financial highlights1

· Revenues up by 13.6% to $201.7 million (H1 2017: $177.6 million) - back to double digit growth

o IoT Cloud and connectivity revenues up 16.2% to $16.5 million (H1 2017: $14.2 million)

· Gross profit $67.8 million (H1 2017: $69.6 million) with gross margin of 33.6% (H1 2017: 39.2% and H2 2017: 31.5%)

· Adjusted EBITDA $12.5 million (H1 2017: $14.7 million) - following a $4.2 million reduction in capitalisation of development costs

· Significant improvement in cash flow from operating activities; $21.1 million cash generated (H1 2017: $3.3 million cash used)

· Profit in cash2 improved to $5.7 million loss (H1 2017: $9.8 million loss), driven by cash OPEX decrease to $70.1 million (H1 2017: $74.7 million)

· Net debt as at 30 June 2018 $25.0 million (31 December 2017: $30.2 million)

Operational highlights

· New partnerships with IBM and Siemens to accelerate industrial IoT integration

· Received multiple certifications in several jurisdictions for LTE CAT-1 and CAT-M1 modules, including VoLTE from Verizon, Telstra and Softbank

· Completion of full organisational integration between IoT products and IoT services

· Completion of implementation of SAP IBP operational system will help Telit with better planning of customers' demand, for better service and shortening the lead time of product deliveries.

[owenski] 03/9/2018 13:27

More module wins for this decent business;



London, September 3, 2018 – Telit, a global enabler of the Internet of Things (IoT), today announced that Deutsche Telekom AG has NB-IoT certified its NB-IoT/LTE-M (Mobile IoT) modules: the Telit ME910C1-E1 and NE910C1-E1. The certification gives European organizations new opportunities for future proofing IoT deployments, maximizing battery life and ensuring reliable connectivity deep inside buildings.

The three modules are members of Telit’s best-selling xE910 family. All three versions can be applied as drop-in replacements in existing devices based on the family’s modules for 2G, 3G and the various categories of LTE. With Telit’s design-once-use-anywhere philosophy, developers can cut costs and development time by simply designing for the xE910 LGA common form factors, giving them the freedom to deploy technologies best suited for the application’s environment.

[timmy11] 03/9/2018 11:45

thanks missed that

[danieldanj] 03/9/2018 08:09

Telit (TCM) News Out Just Now

[timmy11] 02/9/2018 10:57

shorters trying too hard, poor souls

[owenski] 30/8/2018 08:35

If TCM can demonstrate improvement in their financial situation, then this could break out from this range upwards.

The IoT tipping point is taking a bit longer than predicted but it's certainly happening and TCM is a decent enough business.

[jackbal] 20/8/2018 15:18

Agree that It’s a decent purchase, If he bought them in the market then we can guess roughly what was paid of course but do feel that average price per share should have been stated.

I am still considering another long position here but with less conviction now as Interim results move closer.

I feel it could become a situation where the price is lowered before results and you either take a loss or run the gauntlet on results day and hold and hope.

Don’t want to put myself in the hold and hope space so will only buy again 158 or below. No longer have limit order in and just keeping an eye on similar to yourself Owens.

[owenski] 20/8/2018 14:36

For the time scale, the share price has been in a range of roughly 150 - 160, so £82k is priced at the lower end.......... At least it's not the usual token 10k's worth.

[jackbal] 20/8/2018 14:34

I find it odd that the average price per share paid isn’t stated.

I would like to know what he paid per share if I was invested.

[owenski] 20/8/2018 14:21

New chairman splashing out, I calculate he's bought circa £82k's worth.

[sweet karolina] 15/8/2018 07:39

You do not deserve to have money, as you're a moronic hypocrite.

[timmy11] 14/8/2018 13:19

sweet whatever you dont deserve to have children

youre rude and obnoxious

[owenski] 14/8/2018 11:25

London, 14 August 2018 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has resolved to appoint Paolo Dal Pino as independent non-executive Chairman, with effect from 1 September 2018 following completion of customary and routine regulatory due diligence.

He has more than 25 years' experience in the TMT industry. He has been senior advisor to the Dutch private equity boutique Cyrte Investments, which focuses on international investments in the media and technology industry; Chief Executive Officer of Wind, the third Italian mobile operator and the second wireline and broadband operator; President of the Latin American operations of the Telecom Italia Group; President of Tim Brazil and Chief Executive Officer of the Seat Group.

"Along with artificial intelligence and robotics, IoT will be one of the most dynamic industrial sectors in the coming years and Telit is very well-positioned to leverage its considerable strengths, in terms of people and technology, and to compete effectively in the sector."