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Telit Communications

Telit Communications plc, together with its subsidiaries, develops, manufactures, and markets communication modules enabling machines, devices, and vehicles to communicate through cellular wireless networks.

Industry: Technology Hardware & Equipment

Ticker Exchange ISIN Name
$TCM LSE AIM GB00B06GM726 ORD GBP0.01

Twit about TCM stock

Use $ before stock tickers (like $ABB), # before hashtags (like #buy)

Latest twits on Telit Communications (TCM)

5

Adam Taylor 15 Dec 2020, 10:49

$TCM DBAY Advisors (after heavy bargaining from Telit management) decided not to make an offer... #sell

5

Adam Taylor 07 Dec 2020, 10:26

$TCM Telit is continuing hard negotiations in public and private domains.

"The Board of Telit believes that an offer at £1.948 per Telit share would fundamentally undervalue Telit."

I am afraid that they could loose all the bidders with so delayed negotiations for so small company.

www.londonstockexchange.c...14782116

4

James Disick 20 Nov 2020, 19:10

$TCM U-blox confirmed today at 17:25:40 20 November 2020 that it submitted "a non-binding all-share offer" for Telit

4

Matthew Cameron 20 Nov 2020, 11:14

Another M&A news from $TCM Telit: today Telit announced that it has received a preliminary proposal from u-blox Holding AG regarding all-share merger: 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.
$TCM shares are up 16.8% at 196.4p, u-blox -7.6% #buy

5

Robert Sheridan 04 Nov 2020, 21:03

$TCM DBAY Advisors Limited today disclosed that
1) they already own 11.54% of Telit
2) they work in the interest of

Sparkasse Bank Malta Plc for DouglasBay Capital III Fund LP and DouglasBay Capital III Fund (Co-Investment Account No.1) LP under the discretionary management of DBAY Advisors Limited

So they have serious intentions to #buy Telit

www.londonstockexchange.c...14743502

5

Robert Sheridan 03 Nov 2020, 12:59

$TCM Telit finally confirms acquisition talks but not from Chinese!

Telit got and rejected a proposal from Lantronix Inc. (US IoT public company) and is in discussions about a possible offer with DBAY Advisors Limited, ("DBAY"). Telit is also continuing discussions with Lantronix. The consideration for any offer, if made, is likely to be Lantronix shares. #bullish

4

Flor Crowley 16 Apr 2020, 11:34

$TCM yesterday's update about COVID-19 impact: some slowdown in customer demand which will lead to slower but still positive revenue growth in FY2020. Implemented cost cutting: -15% top management salaries, all discretionary spendings including marketing and travel costs.

As a result: "we still expect to meet market expectations for full-year Adjusted EBITDA and profit in cash."

#positive

www.londonstockexchange.c...022.html

4

Matthew Cameron 06 Mar 2020, 21:12

$TCM reassured investors that supply chain is working without disruptions despite COVID-19 due to usage of "multiple contract manufacturers with a wide geographic footprint". "The Group's main supplier is located in China and resumed operations in mid-February 2020 and the remainder of Telit's suppliers are fully operational."

They also reiterated confidence in meeting for BoD's expectations for 2020 - but they were never announced. #bullish

4

Matthew Cameron 14 Jan 2020, 15:16

$TCM 3) Group adjusted EBITDA, excluding the contribution of the automotive business sold in February 2019, is expected to be in the range of $37-$40 million (2018: $30.1 million including full year EBITDA from automotive business). #buy

4

Matthew Cameron 14 Jan 2020, 15:16

$TCM Trading Update - positive growth in revenue and EBITDA #buy
1) Group revenues, excluding revenues of the automotive business sold in February 2019, are expected to be $381 million (2018: $353.4 million) up by 7.8%.
2) IoT Cloud and connectivity revenues are expected to be $41 million (2018: $34.1 million), up by 20.2%

Max Carey 13 Nov 2019, 11:33

$TCM Trading update was yesterday. Revenues excluding sold auto business are up 7.8% which is good but the management haven't disclosed EBITDA numbers which makers me nervous #neutral www.londonstockexchange.c...698.html

+1 (1)

5

Ray McNamara 09 Sep 2019, 10:39

$TCM Sunsea might be another potential buyer of Telit. Also, Sierra Wireless could offer up to 230p. #buy while it's still cheap

"One of Sunsea’s largest shareholders is Chinese investment firm Run Liang Tai Management, which has built up a stake of more than 15 per cent in Telit."

www.thisismoney.co.uk/mon...ons.html

5

John O'Donoghue 06 Sep 2019, 16:49

$TCM E&Y quits as Telit auditor as Telit asked for a fee reduction! Now they appoints Mazars LLP who is long standing auditor of Donald Trump. What a move! :) Looks like Telit took negotiation lesson from Trump #neutral

www.londonstockexchange.c...823.html

5

Ray McNamara 09 Sep 2018, 12:35

$TCM City sources told The Mail on Sunday that Sierra Wireless is interested in merging with Telit, which is listed on London's Aim market.

It would be a good consolidation move #bullish

www.thisismoney.co.uk/mon...ess.html

5

Barry Gardiner 21 Jan 2016, 14:16

$TCM this is a small tech company focused on IoT devices. The current buzz about the technology will bring the stock up. It has already reached 350 in 2015 and now it's trading at 200 due to overall increase in risk sentiment. Will wait for new highs in 2016-17 #bullish

+2 (2)