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yes gone under the radar ,great thing its a good company making money people want it 250 guaranteed paradise
I said back in May 2019 and May 2020 that this could and should be well over 200p, I can't believe the City Boys didn't spot this share. Covid 19 and the Oozi Cats things created a perfect opportunity in buy in low. this company was trading at over 400p a couple of years back before the Oozi cats thing kicked off . Anything under 300p is a steal for a buyer imho... the IOT market is growing rapidly and this company is a the cutting edge of technology and has partnerships with huge technology partners.... I can see the other potential bidders coming back in on this news, sit back and enjoy the ride...ADYOR!!!!!!!!!
it will get there closing shorts
shorter needs too back 800,000 shares .once this his closed 2.40 min great position for shareholders win win
2,40 close great position too be in for share holders
2.50 ,min making great profits potentially more bidders dont give them your shares
well when i noted the takeover rumours anyway :)
more than one company in the bidding dont give your shares cheap 250 base line
wow great company 250 offered great news
That's exactly what I've been telling people for ages..
At least it is a quoted company rather something opaque.
Looks like a base of 250p has started
that too cheap
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.
D DAY 1st Dec
this company has potential to get to 5 pounds within 3yrs
no wonder the vultures are after it,
https://www.betaville.co.uk/betaville-intelligence/rare-alert-u-blox-said-to/
This is worth a lot more than 220p, if two companies want Telit, it's going north of 250p IMHO
....and a recommended offer imminent all in my humble opinion.
I hope there is a bidding war and it goes for more but 220p will suffice for me.
All IMHO and DYOR. Don't invest what you cannot afford to lose etc.
Best
Happy
Don't be concerned , volume is pretty low so adds to any price volitivity.
In the midst of a mini stock market surge, in the middle of a possible bidding war and takeover we fall 6%, our bidders must love having all these sellers jumping ship straight into their hands at a discounted price.
Re. RNS ..
looks like Lantronx are starting to buy?
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.
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.
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).
Relevant securities owned and/or controlled: 2,360,711 1.77%
Herald investments...so many swarming on Telit