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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
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.
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
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.
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!
shorts down to 0.59 per cent
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.
Offer price needs to be attractive enough.
....anything is for sale at the right price.
ATB LB
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
Bid raising all morning nice and tight expecting a good uplift soon
After what they did to ESL I would not be surprised see DBay come in with a low offer....
So we have a month before an official offer being placed. Nice to have 2bidders lovely...
Two big parties want it. Fantastic.
Let the bidding war begin.
I'm getting in on the open. Should see a nice rise
Remains in talks.
I wouldn't want to be short here lol
Boom, there we go.... bids!!
Betaville said 206p. Going to be a great day, hold tight
also telit hasnt started share buy back...maybe that will be accelerated
siera wire less mcap is only 540m offering 60 per cent shares in s/w and 40 per cent cash
no way that will happen . with a split 60/40 .. in any case telit is worth much more than that
That would be very nice, even if it doesn't materialise TCM are destined for better times ahead.
According to Betaville, a 206p offer.
May be worth owning a few stock on this.
They've got a pretty good rep for getting them calls right
They reckon Sierra Wireless
Telit announced the availability of two new modules designed and built to support CBRS (Citizens Broadband Radio Service) networks in the USA.
The modules are based on Sequans’ Cassiopeia LTE Cat 4/6 chipset technology and are optimized for the design of devices for private LTE IoT and broadband applications. The collaboration will benefit both companies by leveraging Telit’s strong position as a module supplier and Sequans’ expertise in 5G/4G cellular connectivity. Telit and Sequans partner on CBRS modules and first two now available.
Nice to see partnerships producing an end product news from earlier this week
Telit and OpticalLock Help Businesses Use Cellular IoT to Prevent Cargo Theft, Counterfeiting and Enable Rapid Asset Recovery
23/09/2020 2:00pm
PR Newswire (US)
Telit Communications (LSE:TCM)
Intraday Stock Chart
Wednesday 23 September 2020
Click Here for more Telit Communications Charts.
LONDON, Sept. 23, 2020 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced that OpticalLock is using the Telit xE910 family of modules to help railroads, shipping companies, storage facilities and other businesses monitor and secure high-value mobile and fixed assets. The partnership is the latest example of how Telit enables solutions like OpticalLock to secure key parts of the global supply chain against piracy, which the International Chamber of Commerce (ICCC) predicts will drain $4.2 trillion from the world economy by 2022.