Telit Communications Share Discussion Threads

[owenski] 05/10/2018 22:06

Impressive achievement.

[timmy11] 25/9/2018 09:48

lots of trade at 11 maybe 20 of them

where is the sfo when you need them

[timmy11] 25/9/2018 08:58

n October 2017, Telit and Wind River began collaborating to reduce the complexities of IoT device management, so providers and other users can implement IIoT faster and more broadly. As a platinum member of the Wind River Partner Program, Telit will now serve as a provider of device lifecycle management to enable Wind River IIoT customers to accelerate the modernization of their on-premises edge equipment and infrastructure.

As part of this expanded relationship, Wind River has provided Telit with Wind River developed device-side agent technology. The C and Python, developer friendly, agents have been validated with Wind River operating systems, including VxWorks® and Wind River Linux - leading operating environments for those building edge solutions for real time mission critical industrial, emergency first responders and related applications.

"Our expanded platinum partnership with Wind River gives manufacturers and other organizations powerful new options for quickly and broadly implementing edge-to-cloud IIoT," said Fred Yentz, Telit President Strategic Partnerships. "This is exactly the kind of innovative, industry-first collaboration that businesses have come to expect from Telit and Wind River."

"Through our collaboration with Telit we're enabling the modernization of our customers' edge infrastructure to enable more automation and accelerate the evolution towards autonomous systems," said Michael Krutz, Wind River Chief Product Officer. "We look forward to building upon our proven track record of success with Telit to advance the digital transformation of critical infrastructure."

For nearly 40 years, Wind River software has helped power generation after generation of the safest, most secure devices in the world. The company's comprehensive portfolio continues to evolve, empowering a wide variety of IoT use cases across market segments including aerospace, defense, industrial, medical, networking, and transportation.

Telit focuses on developing best in class IoT solutions and pairing with innovators across the ecosystem. Telit has built a comprehensive IoT platform offering that addresses the needs of OEMs, enterprises and service providers around the world. Its deviceWISE platform offers an unparalleled set of connectivity management, device management, data management, edge, cloud and enterprise ready-to-use connectors and services that reduce the risk and time-to-market of connecting 'things to apps,' by collecting, managing, and analyzing critical device data.

[owenski] 24/9/2018 20:35

I'd expect short positions to continue closing, especially as I suspect, most have lost money shorting this.

[dangersimpson2] 21/9/2018 15:48

I'm not convinced that Yosi was incompetent. That said appointing him CEO was madness IMO. With the company never generating any FCF with a lot of questions raised over why they didn't, and then the CEO resigning since he was wanted in the US on fraud charges under a different name, appointing the CFO to CEO didn't little to build confidence.

So will there be a Yosi's revenge? - he doesn't hold any shares so doesn't have any incentive to hold back if there is anything untoward from the oozi cats era to come out.

[owenski] 21/9/2018 15:17

Probably got a bigger following in the US than here, the phone in's always seem to feature US investors.

[owenski] 21/9/2018 14:23

Shorting has been progressively reducing, most if not all have lost money shorting this, especially Ennismore who had the largest position.

Decent business and without the clueless incompetent YF, there's a decent chance of this coming good, market seems to like the news so far.

[jackbal] 21/9/2018 12:11

Shorters must be getting nervous surely.

Merger with Sierra wireless coming?

[owenski] 21/9/2018 08:54

Good news, CEO gone and some experienced board members joining. Adam Power sounds interesting.

Decent business that might start getting somewhere with some competent steerage.

[owenski] 18/9/2018 09:09

Ennismore trimming again, 14th Sept.

[eagle eye] 11/9/2018 14:37

Sensible post. Nutcase reply.
Maybe hvs is right LOL

[owenski] 11/9/2018 14:30

Oooh, I've gorra stalker, Mr Indian toilet no less, lol

[eagle eye] 11/9/2018 14:19

Maybe Ennismore have other ideas.
It has just declared a 4.11% stake in D4T4.
Hopefully more profitable than their position here.

[hvs] 11/9/2018 13:43

The nutcase returns.

[owenski] 11/9/2018 13:10

Ennismore reducing again. They must've lost quite a bit on one of the worst run shorts I've come across.

[dangersimpson2] 09/9/2018 13:05

Good spot on the collapse of automotive EBITDA margins. Gotta put doubt on the valuation there. As a group they just managed to generate FCF but only by reducing working capital to less than zero. Not usually a sign of corporate strength. Think they will be in big trouble if they can’t get the automotive division sold.

[sweet karolina] 09/9/2018 12:30

I just noticed this tucked away near the end of the Interims:

On an unaudited proforma basis, the automotive division generated in H1 2018 approximately $34.2 million revenues (Full year 2017: $63.2 million) with an adjusted EBITDA (excluding allocated overhead costs) of $2.4 million (Full year 2017: $10.1 million).

The first part aligns with:

EMEA- revenues increased by 15.2% to $78.6 million (H1 2017: $68.2 million). This growth derived mainly from the strong performance of the Automotive business.

The second part explains how auto revenues increased: The flogged stuff off cheap absolutely crucifying margins. Given all the exclusions from adjusted EBITDA auto has most likely swung from generating a small amount of cash to burning cash. This has to increase the risk that the buyers, who do not have the money to buy it will either pull out, because it is no longer attractive for them to take on a cash burning business or they fail to raise the money or more likely they want to renegotiate a lower price. Either could be disastrous for what is left of TCM.


If there is a change of management due to the EGM then the new management would kitchen sink the full year accounts.

[sweet karolina] 08/9/2018 18:28

Senor,

I see no reason why the EGM should lead to a suspension. The revelation that the former CEO was a fraudster probably ought to have led to a suspension followed by a proper investigation into things like the bicycle repair shop distributer in Vietnam and the large capitalisation of costs, which are now slowly being impaired. But AIM does not work like a proper market.


There will be some public mudslinging, which will be entertaining no doubt.

[owenski] 07/9/2018 14:20

Well well, interesting development.

Would be good to see YF go.

As said decent business, spoilt by questionable management.

[senor_sensible] 07/9/2018 12:27

What are chances this will be suspended from trading until after the forced general meeting?

[senor_sensible] 07/9/2018 11:29

now it might be worth shorting

[senor_sensible] 07/9/2018 11:29

Shareholder requisition notice



London, 7 September 2018 - Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), announces that it has received an explanatory letter from Davide Serra, a shareholder, together with a requisition notice from shareholders holding in excess of 5% of the Company's voting capital to convene a general meeting at which resolutions will be proposed to remove Simon Duffy and Yosi Fait as directors of the Company and to appoint four new directors proposed by these shareholders, being Suvi Linden, Jonny Bourne, Anders Torstensson and Adam Power.



The Board is mindful that pursuant to section 304 of the Companies Act 2006, the Group must post a notice of a general meeting within 21 days from the date on which a valid requisition is received and this meeting must be held on a date not more than 28 days after the date of the notice convening the meeting.



Further announcements will be made in due course.

[owenski] 06/9/2018 07:32

Was discussing this yesterday and although I like the business here, the management and finances are an obvious problem, yet, the share price consistently remains range bound.

One does wonder what's going on behind the scenes, Oozi still pulling strings?