Telit Communications Share Price (TCM)

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Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications Plc LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.44% 224.00 86,834 16:35:28
Bid Price Offer Price High Price Low Price Open Price
223.00 223.50 224.00 223.00 223.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 251.33 5.81 3.44 65.4 296
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 UT 12,792 224.00 GBX
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Telit Communications (TCM) Latest News (3)

Telit Communications News

Date Time Source Headline
26/7/202111:35UKREGMaven Investment Partners Ltd Form 8.3 - TELIT COMMUNICATIONS PLC
26/7/202107:00UKREGDBAY Advisors Limited UPDATE REGULATORY CLEARANCES REGARDING THE OFFER
23/7/202119:20ALNCTRADING UPDATES: Parsley Box's new meal range; Macau Property NAV down
23/7/202115:06UKREGDBAY Advisors Limited NON BINDING LETTER OF INTENT COMPASS ASSET MGMT
23/7/202114:49UKREGExodus Management Israel Ltd Form 8.3 - Telit Communications PLC
22/7/202111:58UKREGMaven Investment Partners Ltd Form 8.3 - TELIT COMMUNICATIONS PLC
22/7/202111:13UKREGExodus Management Israel Ltd Form 8.3 - [Telit Communications PLC]
21/7/202111:45UKREGMaven Investment Partners Ltd Form 8.3 - Telit Communications PLC
20/7/202118:06ALNCTelit welcomes sweetened takeover offer from Dbay Advisors
20/7/202117:29UKREGTelit Communications PLC Response to increased and final recommended offer
More Telit Communications News
Telit Communications Investors    Telit Communications Takeover Rumours

Telit Communications (TCM) Discussions and Chat

Telit Communications Forums and Chat

Date Time Title Posts
21/7/202122:47Telit Communications plc7,496
03/9/201811:45Time to Look at Telit (TCM)1
12/7/201810:54Telit (TCM) One to Watch 1
27/4/201814:23Telit Communications181
12/8/201722:44A rosy future2

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Telit Communications (TCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:28224.0012,79228,654.08UT
15:14:50223.021,3312,968.33O
13:45:15223.501,1812,639.54AT
13:45:15223.008621,922.26AT
13:45:15223.0020,50045,715.00AT
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Telit Communications (TCM) Top Chat Posts

DateSubject
26/7/2021
09:20		Telit Communications Daily Update: Telit Communications Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TCM. The last closing price for Telit Communications was 225p.
Telit Communications Plc has a 4 week average price of 220p and a 12 week average price of 193.80p.
The 1 year high share price is 236p while the 1 year low share price is currently 124p.
There are currently 132,191,291 shares in issue and the average daily traded volume is 196,769 shares. The market capitalisation of Telit Communications Plc is £296,108,491.84.
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28/5/2021
12:35		weatherman: DBAY backed by Chinese co to take over TCM. https://www.thisismoney.co.uk/money/markets/article-9622677/US-fugitive-Oozi-Cats-eyes-40m-windfall-Telit-sell-off.html
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26/5/2021
20:53		beergut: This tells the small investor all you need to know. On behalf of funds managed by us, Berry Street Capital Management LLP owns over 1% of Telit Communications Plc. We were disappointed by the Telit Board’s recommendation of the Cash Offer from their largest shareholder, DBay Advisors, at a price that even the Board recognises undervalues Telit and its longer-term prospects. The Telit Board has justified this recommendation by, amongst other things, the fact that 58 per cent of Telit’s share capital supports the Acquisition. This fails to highlight that, of that 58 per cent, over 41 per cent is owned by the bidder, the CEO and other shareholders who will be accepting the unlisted stock alternative offer and will be able to continue to benefit from any subsequent increase in the value of Telit. This unlisted stock alternative is unable to be held by most of the independent minority shareholders and, as the Board recognises, is unrecommendable for minority shareholders to accept. Yet again, the Board of a UK listed company has recommended an offer structured as a scheme of arrangement at a valuation that does not reflect the true value of the company, with a stock alternative that is not a true alternative for the majority of independent shareholders. In our view, when such a structure is contemplated, the Board’s fiduciary duties should be focused solely in protecting the rights of the minority holders who are only able to accept the Cash Offer and should not be swayed by the desires of the few shareholders who are party to the creation of such an unfair structure. Berry Street Capital Management LLP
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25/5/2021
09:24		weatherman: So, Telit management have been advised the offer undervalues TCM, but recommend it because they think it offers an acceptable exit route for shareholders. Hmm?
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28/1/2021
14:31		sphere25: Looking around an edgy market for strong demand and it's actually TCM which is well bid. It's only blooming TCM! The company that makes up its own operating metrics: Double Adjusted Door Hinge Cash Flow of the Cash Flow. Not a fan of this one, but it could be an interesting technical play, with the price testing a significant breakout at 211p presently. DBAY look to be enormous buyers in the market who are exhausting sellers day after day so a possible breakout candidate here. Looks like DBAY have been mopping up around that 205-206p mark so a well bid exit point there if it doesn't breakout for anyone who wants to have a very short term high risk go here. Actually typed a semi/quasi sort of bullish post on TCM for the first time ever! Off to throw up! :-) All imo DYOR
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19/1/2021
07:08		timmy11: Telit Communications Plc (LSE) LSE:TCM Telit Communications Share News (TCM) 1 Follow TCMBuySell Share Name Share Symbol Market Type Share ISIN Share Description Telit Communications Plc 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 0.00 0.0% 205.00 203.50 205.00 0.00 00:00:00 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Technology Hardware & Equipment 296.0 45.1 27.1 7.7 271 Print Alert Telit Communications PLC Year end trading update 19/01/2021 7:00am UK Regulatory (RNS & others) Telit Communications (LSE:TCM) Intraday Stock Chart Tuesday 19 January 2021 Click Here for more Telit Communications Charts. TIDMTCM RNS Number : 0990M Telit Communications PLC 19 January 2021 The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Telit Communications PLC Year end trading update London, 19 January 2021- Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has published a trading update for the year end at 31 December 2020. The Group is pleased to report that revenues are expected to be $343.0 million (2019: $382.8 million excluding automotive), a decline of 10.4 % , which shows considerable resilience in the face of the significant impact Covid-19 has had on the Group's global markets. It has been very encouraging that IoT cloud and connectivity revenues have continued to grow and are expected to be up by 6.1 % to $43.5 million (2019: $41 million), driven by the continued strong performance of both the connectivity and platforms businesses, supporting the Group's primary strategic focus on industrial IoT services. As previously notified, the Group has taken decisive and timely mitigating measures to limit the impact of the pandemic on the Group's adjusted EBITDA, which is expected to be in the range of $38-$41 million (2019: $38.2 million including two months EBITDA contribution from automotive business). Group profit in cash is expected to be in line with the Board's expectations. As at 31 December 2020, the Group's net cash position is expected to be $63 million (31 December 2019: net cash $48 million). Paolo Dal Pino, Chief Executive Officer Telit, commented: "Telit has been able to successfully improve operational results, profitability and cash generation in the face of the ongoing impact of the COVID-19 pandemic thanks to our refocused strategy and operational transformation in recent years, as well as the swift actions taken by the Group early in 2020. This resilience has allowed us to fully maintain our strategic and operational plans despite a market slowdown in customer demand, and to continue to offer leading 4G products and an expanded 5G offering, which received additional certifications and design wins in 2020, to customers looking for long-term IoT solutions. "We have the right strategy in place and expect to further expand our innovative offering fully focused on industrial IoT. Telit is well-positioned to harness future opportunities in a world that will become even more connected. We have noted the announcement from u-blox yesterday that it does not intend to continue with its offer for the company. We have a sound strategy and strong fundamentals. The Board remains confident in Telit's prospects as an independent company and believes it remains significantly undervalued when compared to similar companies. We do not believe this discount can be justified and will continue to work on initiatives that will help to eliminate it and deliver the increases in shareholder value that our underlying performance justifies." The Group expects to publish its full year results in April 2021.
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07/1/2021
10:46		timmy11: Telit Communications Plc (LSE) LSE:TCM Telit Communications Share News (TCM) 4 Follow TCMBuySell Share Name Share Symbol Market Type Share ISIN Share Description Telit Communications Plc 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 -1.50 -0.73% 204.50 204.00 205.00 204.50 200.00 201.50 126,472 09:53:34 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Technology Hardware & Equipment 296.0 45.1 27.1 7.7 270 Print Alert Telit Communications PLC Termination of u-blox discussions 07/01/2021 10:32am UK Regulatory (RNS & others) Telit Communications (LSE:TCM) Intraday Stock Chart Thursday 7 January 2021 Click Here for more Telit Communications Charts. TIDMTCM TIDMTTM RNS Number : 9195K Telit Communications PLC 07 January 2021 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 7 January 2021 Telit Communications PLC Termination of u-blox discussions On 20 November 2020, Telit Communications PLC ("Telit" or the "Company") announced that it had received a preliminary proposal from u-blox Holding AG, ("u-blox") regarding a possible all-share merger. On 17 December 2020, Telit reiterated that commercial discussions with u-blox were ongoing. Telit today confirms that it has written to u-blox to terminate these talks. Telit has in recent months received a number of proposals, each of which has been previously announced, which the Board has explored with its advisers. The Board noted the potential industrial logic in a combination with u-blox that could create value for shareholders of both companies. However, following extensive discussions with u-blox, the Board does not now believe that it will be possible to reach agreement on terms which would ensure value creation for Telit's shareholders. Given that the Group is confident in its prospects, is well capitalized, and has a strong position in a growing market segment, the Board remains confident it can deliver growth in shareholder value as an independent entity. It does not consider that a protracted period of uncertainty and distraction is in the best interests of Telit or any of its stakeholders. Telit looks forward to providing a fuller update on its financial performance on or before 21 January 2021 ahead of its final results in April 2021. Telit is pleased to report that the swift actions taken by the Group at the beginning of the Covid-19 pandemic successfully protected the Group's financial performance for the full year 2020 against the slowdown in customer demand and enabled it to fully maintain its strategic and operational plans, without the need for further action. The person responsible for arranging the release of this announcement on behalf of Telit is Eyal Shefer (Chief Financial Officer). Regulatory information: for the purposes of the Code the Company remains in an offer period and, notwithstanding this announcement, in accordance with Rule 2.6(a) of the Code, u-blox must, by no later than 5.00 p.m. on 18 January 2021, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for the Company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. For enquiries:
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25/11/2020
13:01		ascov: Here's what the Stockopedia blog said last Friday. Which should explain your conundrum. As a separate issue i find the Stockopedia blog worth every penny. 200ish is reasonably good for most, but it needs a bigger player offering Cash not illiquid shares to go higher. Telit Communications (LON:TCM) 198p (up 18%) - mkt cap £264m Takeover approaches - I reported here on 3 Nov 2020 that Telit told us it had 2 possible takeover approaches, from DBAY Advisors Ltd, and a tiny NASDAQ company called Lantronix, proposing an all share reverse takeover, which didn’t look at all appealing. It’s smoked out another potential bidder, called u-blox Holding AG, a company listed in Switzerland. Unfortunately it’s another unsatisfactory all-share proposed deal. Why would UK investors want to own shares in a small Swiss tech company? received a preliminary proposal from u-blox Holding AG, ("u-blox") regarding a possible all-share merger (the "Proposal"). Under the terms of the Proposal, Telit shareholders would receive u-blox shares with a value of £2.50 per Telit share, which would result in Telit shareholders owning approximately 53% in the combined company (based on the assumptions in the Proposal). Telit's share price is only up to 198p today, because 250p in some (probably illiquid) overseas share, is not appealing at all. If that deal goes ahead, it would probably lead to unending selling pressure, from UK investors wanting to exit.
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24/11/2020
11:34		chess123: Beergut, Agreed u blox had fallen about 7% on the day they announced there bid for Telit , now back up sharply, seems market happy with the price they have offered can't understand the Drop but feel as I stated that MMs trying to get PIs to take fright and sell, still showing support level at 197p should become more obvious which direction share price will go as we head into the afternoon, was expecting the share price to rebound by midday but hasn't happened.
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24/11/2020
08:58		chess123: Hold tight to your shares, the big boys trying to flush out weak holders, shake the tree, nothing new since friday, when the share price was at 203p, the price fall is unjustified, but would also say nothing wrong with banking a profit, I think the u blox deal will go through, great offer and I'm sure Rothschild will be getting it sorted ,probably see an Rns Friday. hopefully not to many PIs get spooked. looking at share price on L2 showing 197p so should see a rise back to that level.
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07/1/2020
08:31		timmy11: LSE:TCM Telit Communications Share News (TCM) 1 Follow TCM Share Name Share Symbol Market Type Share ISIN Share Description Telit Communications Plc 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 0.00 0.0% 158.00 155.20 159.80 0.00 0.00 0.00 50 08:09:25 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Technology Hardware & Equipment 335.2 -31.2 -21.9 - 209 Print Alert Telit Communications PLC Telit's LM960A18 Data Card Certified Globally 07/01/2020 7:00am RNS Non-Regulatory TIDMTCM Telit Communications PLC 07 January 2020 Telit Communications PLC Telit's LM960A18 Gigabit LTE Data Card Certified Globally London, January 7, 2020 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), today announced that the LM960A18, the world's first mPCIe Gigabit LTE card for enterprise routers and appliances has been certified by the major global mobile network operators, including the largest operators in North America. Launched in 2018, Telit's state-of-the-art 4.5G data card remains the only 1Gbps-class LTE mPCIe module in the industry and is now available to be deployed worldwide. Supporting a wide range of frequency bands, the LM960A18 delivers 5G-like high-speed data rates via Advanced LTE and offers a cellular connection for products in network appliance environments. Telit's LM960A18 delivers significant flexibility and a competitive edge for original equipment manufacturers (OEMs) looking to quickly deploy next generation products delivering carrier broadband-like user experience. The LM960A18 is also the world's first mobile broadband card to support the Citizens Broadband Radio System (CBRS), supporting OEMs that want to serve the emerging private LTE market with routers, gateways and other devices connecting to LTE access points, small cells and other CBRS infrastructure. As the first top-tier IoT and mobile broadband module vendor to join the CBRS Alliance, Telit is committed to help drive innovation and adoption of private LTE networks and 5G, giving enterprises new options for site, campus and office wireless networking. Paolo Dal Pino, Chief Executive Officer, Telit said: "Telit's award-winning LM960A18 ensures a seamless user experience, allowing customers to integrate a single module and deploy the end product nearly anywhere in the world. The LM960A18 underscores our commitment to enabling IoT device designers, manufacturers and their customers to take advantage of the latest network technologies and beyond." Telit will present its full mobile broadband module and data card range at the Consumer Electronics Show (CES) which takes place in Las Vegas, Nevada from January 7 to 10.
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