Telit Communications Share Discussion Threads

[owenski] 27/3/2019 12:24

See what the afternoon volume brings.

[timmy11] 27/3/2019 12:08

90k purchased @1.60

[timmy11] 27/3/2019 12:06

1x 313000 is this short closing position?

[donk4] 26/3/2019 16:16

"She" could be a "he" timmy11 and the "he" may have shorted the shares and is now trying to recoup losses.

[timmy11] 26/3/2019 10:55

maybe not!!

[timmy11] 26/3/2019 10:54

ask sweet karolina she knows the answer!!!

[beergut] 26/3/2019 10:17

Why the Surge in price?

[owenski] 26/3/2019 08:55

Having a bash at 150, chart looking a bit more positive, needs a bit more volume for conviction. Still a decent business here.

[muchodinero] 25/3/2019 16:28

Could be Chinese topping up. Not sure if shorts closing would show up in normal trades? Shorts have drastically reduced their positions over the past several weeks, still over 4% to close out.

[owenski] 25/3/2019 15:18

Might be Oozi topping up ;-)

[timmy11] 25/3/2019 14:19

someone bought 139682 shares

[owenski] 22/3/2019 11:06

Reckon this is going to come into play soon.

[timmy11] 19/3/2019 16:07

LSE:TCM



Telit Share News (TCM)

Follow TCM
Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
-0.40p -0.29% 139.00p 138.50p 139.10p 139.00p 135.00p 135.00p 103,145 15:43:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 277.3 -42.0 -31.0 - 177.59
Print
Alert
Telit Communications PLC BAMES settlement agreement
19/03/2019 4:05pm
UK Regulatory (RNS & others)

Telit (LSE:TCM)
Intraday Stock Chart
Today : Tuesday 19 March 2019

Click Here for more Telit Charts.
TIDMTCM

RNS Number : 3489T

Telit Communications PLC

19 March 2019

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Telit Communications PLC

BAMES settlement agreement

London, 19 March 2019 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has reached a settlement on the legal proceedings regarding the Group and Bartolini After Market Electronic Services Srl ("BAMES").

Telit reached a settlement agreement approved by the court according to which it will pay, without any admission of liability and against a waiver from the administrators of BAMES of all claims against Telit in this respect, an amount of EUR840,000 plus approximately EUR21,000 of legal costs. This agreement has been entered into by Telit in order to bring certainty and closure to the matter between the Group and the administrators of BAMES.

As previously disclosed, between 2007 and 2010, Telit and its Italian subsidiaries were parties to several agreements with BAMES and its subsidiary. In 2013, BAMES went into liquidation. In 2016, Telit became aware of a criminal investigation against a number of parties with respect to BAMES' insolvency including Telit's former CEO. In July 2018, Telit was informed that the administrators to BAMES had taken steps to bring a civil claim against Telit regarding its involvement with BAMES.

[donk4] 18/3/2019 21:12

so completion effected when according to sweet karolina it was in doubt. Alleged fears (possibly for shorting purposes) incorrect. Latest appears to be a fear that balance of consideration will not be paid. If it is paid sweet karolina may move on.

[timmy11] 16/3/2019 09:38

Automotive division sale completed
London, 27 February 2019 – Telit Communications PLC (“Telit”, “the Group”, AIM: TCM), a
global enabler of the Internet of Things (IoT), has completed the sale of Telit Automotive
Solutions NV (“Telit Belgium”) to TUS for a total consideration of $105 million. Telit has
received $67.5 million in cash, including $1 million on account of the cash and working capital
position of the disposed business, and has granted TUS a short-term vendor loan of $38.5m

[donk4] 14/3/2019 16:44

where's that clever clogs - not so - Sweet Karolina?

[brendainvesta] 13/3/2019 10:10

Yes I have been following Trd.l for years.
and was planning to put the profits from Tcm.l into Triad once this was bought out.

I think the delay here, as long as the presumed take over still goes ahead quite soon, will actually work out better now that the flooding of the market of the bankrupt shareholder of Triad Group has stopped and now the share price is poised to increase.

[owenski] 12/3/2019 19:18

Brendain, you made some useful comments on the background to TRD if I recall.

[brendainvesta] 12/3/2019 17:53

There has been an internal game playing since the rather short, about 5 minutes long AGM. It looks like a shuffle and repositioning of staff to gain a friendly setup for a different future for this company. I predicted a take over about a year ago and that didn’t happen.

[timmy11] 11/3/2019 15:30

11/03/2019 1:00pm
PR Newswire (US)

Telit (LSE:TCM)
Intraday Stock Chart
Today : Monday 11 March 2019

Click Here for more Telit Charts.
LONDON, March 11, 2019 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced that FirstNet has added its first embedded LTE Band 14 IoT modules in LTE Categories 1 and 4 to its lineup: the Telit LE910C1-NF and LE910C4-NF. Telit now has a total of four LTE modules in the FirstNet device ecosystem, highlighting Telit's commitment to providing the first responder community with solutions and support.

[beergut] 06/3/2019 09:04

Is this about to be re-rated

[owenski] 04/3/2019 08:41

"Venture Limited to the Target Company at Completion.
Upon Completion, the Target Company and its subsidiaries have become wholly-owned
subsidiaries of the Company, and the financial statements of the Target Group will be
consolidated into the financial statements of the Group"

Interesting statement, I feel the hand of Oozi behind this.

[timmy11] 03/3/2019 08:02

on (the “Bridge Loan”). The Bridge Loan shall be
repaid in full upon completion of certain bank financing proposed to be obtained by the
Target Company (in any event, within 6 weeks commencing from the Completion Date
unless extended by Telit Communications in its sole discretion following a request by the
Target Company), will bear interest at the rate of London Interbank Offered Rate (LIBOR)
plus interest margin of 4 per cent. per annum, and will be secured by the Sale Shares and a
subordinated shareholder’s loan in the amount of US$38.5 million to be provided by Shine
Venture Limited to the Target Company at Completion.
Upon Completion, the Target Company and its subsidiaries have become wholly-owned
subsidiaries of the Company, and the financial statements of the Target Group will be
consolidated into the financial statements of the Group