Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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After what they did to ESL I would not be surprised see DBay come in with a low offer....
Bid raising all morning nice and tight expecting a good uplift soon
They really dont need to sell
have cash no debt
in IOT cloud which IBM is concentrating in ,
also partnership and ventures with dell,nokia, a chinese phone co. malhotra in india etc but IOT /Clod is very big
Offer price needs to be attractive enough.
....anything is for sale at the right price.
ATB LB
I agree Telit are growing in all the right markets and have collaboration with big players. They have tons of cash in the bank after disposing of the automotive arm. As for Lantronix, they are only about 25% of the size of Telit so just appears to be some sort of opportunistic approach. Telit have cleared all the baggage out of the cupboard so best going it alone, as the SP could easy re-rate on its own well above 200p in the near term. I think Telit's fair value on PEER to PEER valuation should be at least 300p imho. ADYOR. I hope BOD don't sell us out cheaply for back handers.
As I suspected in my previous post, heading rapidly back above 200p on its own, true value 300p plus with major customers for its cutting edge IOT products. I just hope the suiters don't try something dodgy with the BOD. This is a great company that can easily go it alone, otherwise it wouldn't be sought after by other companies IMO. IOT is the future and Telit are right at the forefront of technological solutions. AIMHO ADYOR!
Yes, its nice to see the sp moving up after stalling somewhat after the recent presentation, dodgy dealing may have been tried with the last BOD but hopefully all the trouble that was caused then is history now and a lesson learned to keep things simple and above board.
I can't blame any company for making a move here we are a market leader with many partner's in a growth area, profitable with cash, certainly not a turnaround situation why wouldn't you try to pick it up cheap before its full potential has been realised.
Strange....they announced a share buy back... think 20m sterling...shares fell to 65p
but share buy back did not happen
total no of shares in issue is the same now as it was before the announcement
It's not strange...I think that the BOD had already said in the last update that they would preserve cash pile while Covid 19 was still around. Good thing is IOT products are very resilient during this crisis. Dbay and Lantronix are just chancing their hand.
another one in onHerald Investment Trust PLC Form 8.3 - Telit Communications PLC
06/11/2020 6:41pm
UK Regulatory (RNS & others)
Telit Communications (LSE:TCM)
Intraday Stock Chart
Sunday 8 November 2020
Click Here for more Telit Communications Charts.
TIDMHRI TIDMTCM
RNS Number : 5682E
Herald Investment Trust PLC
06 November 2020
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")e the act
Relevant securities owned and/or controlled: 2,360,711 1.77%
Herald investments...so many swarming on Telit
Herald Investment Trust Plc is a United Kingdom-based investment company. The Company's objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multi-media and technology (TMT) and having market capitalization below two billion dollars. Its investments may be made across the world. It focuses to construct a diversified portfolio through the identification of individual companies, which offer long term growth potential, typically over a five-year horizon or more. It invests in various sectors, including oil and gas, basic materials, consumer goods, industrials, healthcare, consumer services telecommunications, financials and technology. The investment manager of the Company is Herald Investment Management Limited (HIML).
Total revenues for the nine months to 30 September 2020 were $245.0 million (30 September 2019 excluding automotive: $274.5 million), remaining resilient compared to H1 despite continued lockdown measures across the Group's markets and the impact of the pandemic on customer spending slowing revenue growth.
Encouragingly in this context, IoT Cloud and connectivity revenues grew by 10% to $32.4 million (30 September 2019: $29.4 million) supporting the Group's strategy to fully focus on industrial IoT services.
Adjusted EBITDA and profit in cash for the period and year to date continue to be in line with the Board's expectations.
Since the beginning of the year, the Group expanded the availability of its range by certifying its 5G products addressing growing demand for high bandwidth products. Telit was also awarded new design wins for its 5G products and the OneEdge solution in the period and launched additional advanced IoT connectivity solutions.
The Group also announced on 3 November 2020 that it had received approaches with regard to possible offers for the Group. The Board has no further update to provide in this regard at this time and further announcements will be made as appropriate.
Telit OneEdge Enables Pelephone's 4G LTE Cat-M Cell Tower Monitoring
11/11/2020 2:00pm
PR Newswire (US)
Telit Communications (LSE:TCM)
Intraday Stock Chart
Wednesday 11 November 2020
Click Here for more Telit Communications Charts.
LONDON, Nov. 11, 2020 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced that Pelephone, a leading mobile network operator in Israel, is utilizing the Telit ME910 module family and Telit OneEdge to manage, monitor and collect data from cell tower sites. Pelephone is able to remotely monitor electricity meters at each location and sends usage data to their system to ensure accurate billing. The deployment highlights how mobile operators and IoT service providers worldwide continue to rely on Telit for modules and services that take advantage of the latest technologies, including LTE Cat-M. For more information, visit www.telit.com/oneedge.
Re. RNS ..
looks like Lantronx are starting to buy?
This is worth a lot more than 220p, if two companies want Telit, it's going north of 250p IMHO
https://www.betaville.co.uk/betaville-intelligence/rare-alert-u-blox-said-to/
D DAY 1st Dec
this company has potential to get to 5 pounds within 3yrs
no wonder the vultures are after it,
u-blox Holding AG - Statement regarding Telit Communications PLC (“Telit”) - Public Technologies
20-Nov-2020 06:39:39
Thalwil, Switzerland - 20 November 2020 - u-blox Holding AG ('u-blox'), a global leader in wireless and positioning technologies, notes the recent press speculation and confirms it submitted to the Board of Directors of Telit a non-binding all-share offer valuing Telit at GBP £2.50 per share (the 'Possible Offer'). The response of the Board of Telit is still outstanding and there can be no certainty that any transaction will ultimately be forthcoming nor as to the terms on which any such offer would ultimately be made.
Whilst discussions are at an early stage and remain subject to due diligence, the Board of u-blox believes that such a combination has a strong strategic rationale and could result in substantial synergies for both organisations.
Looks like a base of 250p has started
That's exactly what I've been telling people for ages..
wow great company 250 offered great news
more than one company in the bidding dont give your shares cheap 250 base line