Telit Communications Share Discussion Threads

[savagedstock] 01/3/2019 13:03

like all things TCM, it is smoke and mirrors, at least for now. So what we do know is

1. 68.5 m cash received
2. vendor loan of 38.5m, secured against Telit Belgiun (is that worth 38.5m??)
3. maybe extended if they cannot find the money
4. final price can be adjusted depending on cash and wc...

So all in all a bit of a dog's dinner. certainly not a clean sale, which would have been the best outcome, but not fallen through (worst outcome). ..
So now come the important questions - 1. what does TCM look like ex auto biz? Does anyone know? 2. what is the cash burn looking like? 3. having repaid their debts, will they be able to raise credit (usually not within 12 months as lenders will want to see how the business performs before committing)

again no financial interest, but do business with them, so vested interest

[donk4] 27/2/2019 21:52

where is sweet karolina2 now that he has been found to be wanting.

[timmy11] 25/2/2019 11:40

Telit's New WL865E4-P Module Enables Enterprise-Grade Wi-Fi and Bluetooth Low Energy IoT
25/02/2019 8:00am
PR Newswire (US)

Telit (LSE:TCM)
Intraday Stock Chart
Today : Monday 25 February 2019

Click Here for more Telit Charts.
LONDON, Feb. 25, 2019 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced the availability of its latest module, the WL865E4-P. The low-power Wi-Fi Bluetooth Low Energy (BLE) combination module is based on the Qualcomm® QCA4020 system-on-chip (SoC) and is designed for high-bandwidth applications such as health care, video, smart home and industrial control. Featuring integrated cryptology hardware, the WL865E4-P enables IoT developers to meet demanding requirements for power consumption, security, performance, size and reliability.

[owenski] 23/2/2019 09:14

Good old Oozi will still be pulling the strings behind it all.

[sweet karolina2] 22/2/2019 21:09

Would not be the first tine TCM has deliberately misled the market

[savagedstock] 22/2/2019 09:46

imo and knowledge there is no such thing as admin steps to comply with Chinese Banking Regulations....if it does indeed exist, they should specify what these are and why after 6 months they have not complied....in other words its a charade...

And they haven't got the money as yet....as i have said previously the buyer has no real business, and the economy and Chinese policy has turned against these types of acquisitions...i am not interested in this financially, but i would not touch it with a barge pole....

[savagedstock] 21/2/2019 15:09

1. administrative steps?? what could these possibly be? they have had 6 months to get those in order
2. formailse financing arrangements - so they do not have the money. Perhaps an agreement in principle only. Looking at the buyer, they have no real business, so how will they pay the interest on this loan? hardly by the cash generated by a loss making acquisition.

my guess is this not a done deal....and yes they knew about it last night but are probably in so deep that the Chinese have them on a fishing line. Given what is happening in China, trying to get financing for good businesses is hard enough.....

[frazboy] 21/2/2019 14:56

why did that announcement have to wait until today? did they not know that yesterday?

[owenski] 21/2/2019 14:39

Christ, they don't half fanny about.

[timmy11] 21/2/2019 14:36

Prior to completion, the Buyer has indicated to Telit that it is required to (i) take certain administrative steps to comply with banking regulations in China and (ii) formalise financing arrangements for a part of the overall consideration. The Buyer has indicated it expects to satisfy these steps in the coming days. The Buyer has taken steps to provide the Board with comfort that it will be in a position to proceed to completion including having provided evidence of the availability of funds that remain subject to formal regulatory approval.

Accordingly, whilst the Board is disappointed that the transaction has not yet been able to be completed, it expects that the Buyer will be in a position to do so shortly.

Enquiries:

[henchard] 21/2/2019 14:30

Someone punting on the deal being concluded?

[beergut] 21/2/2019 13:18

Why is the price up a few p, but no news

[savagedstock] 21/2/2019 12:58

no rns today as yet...they said yesterday would be one out today...have i missed anything?

[muchodinero] 20/2/2019 13:45

I would imagine that we'll get and RNS shortly saying something like...... Apparently they have lost the cheque down the back of the sofa.

[muchodinero] 19/2/2019 19:09

Assuming our Chinese friends actually have the cash. They are taking this to the wire.Are they hoping to get it cheaper...

[timmy11] 19/2/2019 13:47

tomorrow telit should get the funds from the sale

[owenski] 19/2/2019 13:38

They're building a total bandwidth cover, from 5g down to localised blue tooth, real estate. Then they'll leverage that via data management through Devicewise.

Just need to survive financially, either that or a player will take this out.

[timmy11] 19/2/2019 13:33

LONDON, Feb. 19, 2019 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announces that it will be among the first providers of data cards based on Qualcomm Technologies' second generation 5G New Radio (NR) modem, the Snapdragon X55 5G modem and their antenna modules with integrated RF transceiver, RF Front-End (RFFE) and antenna elements, representing an important milestone in the Telit roadmap. The new data cards are ideal for enterprise network appliances, branch and remote office routers, fixed wireless broadband internet access and other bandwidth-intensive applications benefitting from speeds more than 10 times as what a median LTE device can deliver.

[owenski] 31/1/2019 19:49

Mostly AT trades, institutional buying. Quite some volume.

[muchodinero] 31/1/2019 17:17

Unfortunately it's a daily occurrence I would imagine. It's done to stop ordinary folk having any chance of making money...

[beergut] 31/1/2019 17:03

It's a bit odd. If some investors know news the rest of us don't, then they shouldn't be allowed to trade. There should be a law against it. :-)