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The drop is overdone that's for sure this didn't warrant a 40% drop shorters are forcing it down
Seems to me it's either ride it out and wait for a bounce or average down
have to say it's not looking good at present.Already down over 40% shorts are entrenched here, they don't appear to be letting up.
Reason enough for sharp full Loss before tax $6.7 million (H1 2016: profit $4.7 million) · Adjusted loss per share 0.8 cents (H1 2016: adjusted earnings per share 10.0 cents) · Net operating cash flow before movement in working capital $14.0 million (H1 2016: $21.0 million)
Poor results for sure... but no way this deserves a 35% drop. I've averaged down at 160, great opportunity to reinvest at a good price here! long term hold.
Probably a combination of shorters and automatic stop losses. I doubled my holding. There are enough positives in the results to see this rebound when the dust settles.
why has it been hit so hard?
to buy in again at these stupid prices.
Yes but they have provided us with a great opportunity to double our investment.
Again it proves hedge funds that short stocks know better than Pi's This stock has been increasingly shorted in recent weeks and just like Carillion has crashed. Its a lesson to all PI's, if a stock is heavily shorted to leave alone.
Shorts are having fun - it is their day - long term outlook is good.
as results don't warrant wiping off more than 25pct of the value. got in sub 180. Has to be a bargain.
down but from the RNS "Overall, we remain confident of a strong second half performance."
Although the results themselves are somewhat disappointing this statement shines out - "First purchase order from Tesla for all Model 3 cars, expected to contribute more significant revenues in H2 and 2018" Great news!!!
urnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Technology Hardware & Equipment 299.8 15.5 11.7 28.1 406.28 Print Alert Telit Introduces Industry's First Bluetooth Low Energy Module with integrated MEMS Motion and Environmental Sensors 27/06/2017 8:16pm PR Newswire (US) Telit (LSE:TCM) Intraday Stock Chart Today : Tuesday 27 June 2017 Click Here for more Telit Charts. LONDON, June 27, 2017 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced BlueMod+S42M, a Bluetooth Low Energy (BLE) 4.2, standalone, single-mode module with embedded 3-axis accelerometer, temperature and humidity sensors. The cost-effective component is optimized for efficiency and simplicity in end-device design and manufacturing, delivering reliable Bluetooth Low Energy functionality with robust endpoint security, motion and environmental sensors and essential features that reduce development costs, bill of materials, and time to market. (PRNewsfoto/Telit IOT Platforms) Ideal for large scale projects, the BlueMod+S42M seamlessly expedites device design across a wide range of industrial and consumer applications areas. The embedded sensors are necessary for high-value, fragile asset tracking, and time- or temperature-sensitive applications such as cold chain monitoring in the pharmaceutical and agriculture industries. The release of the certified BlueMod+S42M complements the exisiting Telit portfolio of Bluetooth and Bluetooth Low Energy modules and directly addresses the demand in the rapidly growing BLE-dependent market. A report released by IndustryARC Analysis, forecasts Bluetooth Low Energy enabled devices shipments to increase to 8.4 billion units by 2020 at a CAGR of 29%. "Cost, power, and reliability are critical to the success of IoT applications that demand efficient Bluetooth Low Energy solutions," explained Ronen Ben-Hamou, Telit EVP of Products and Solutions. "Our new qualified Bluetooth module caters to designers of all levels with tight development, materials and manufacturing cost constraints and even tighther timelines. The beauty of the +S42M is it's simplicity: single-chip SoC, feature packed, sensibly priced, exceptional power savings, and extensive interoperability." Full applications can be embedded in the BlueMod+S42M, which is a self-contained System-on-Chip (SoC) requiring no additional external supporting components. It is equipped with an on-board micro controller, integrated chip antenna, passive components, T°/Humidity sensor, and an accelerometer. Leveraging a rich subset of features from Telit's diverse family of BlueMod+Sx modules, including a GATT interface and Terminal I/O profile combination, the new BlueMod+S42M greatly simplifies and accelerates the development of applications. In addition to efficient performance and low power consumption, BlueMod+S42M includes value-added features that further streamline development: Bluetooth
Just had a look at the TCM chart and looks quite compelling to me from a technical perspective. I particularly like the stochastic signal which is currently at 42 and cross over the blue line at 45 has in the past been a sure sign of momentum rising and follow through on the sp. chart is here ... let me know if from a fundamental basis this pullback will not reverse now. I think its a buy ..... https://uk.tradingview.com/chart/etTLlMvJ/ Borgy
"Besides high-speed, the module was designed with specific attention to cybersecurity requirements in order to support reliable and comprehensive use of over-the-air software update technology. This is critically important for the automotive industry since so much of the car is now software defined," Alot of this technology goes straight over my head, but what i can make out the Telit LE94OA9 smart module is capable of download speeds of 450 MBPS and upload speeds of 50 MBPS where updates for engine and other control units can be automatically be updated without the need to visit your dealers garage and also software updates.. and also upload information from the cars sensors logs to feed existing and upcoming OEM preventive maintenance program in other words the technology-can send information back to the dealer that a problem is about to occur and can be recalled before it happens
Telit receives first purchase order from emerging North America car OEM for its new LTE Cat 6 automotive-grade module. London, 16 June 2017 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has received the first purchase order from an emerging North America car OEM for its LTE Cat 6 automotive-grade module. Telit's LTE Cat 6 module, which obtained certification from AT&T in May 2017, will provide high-speed internet connectivity and is expected to start shipping to the North American market in the fall of 2017 and to other markets in 2018. Oozi Cats, Telit Chief Executive, commented: "For the past two years, we have been developing a new automotive LTE Cat 6 communication module based on an Intel platform for a new set of requirements from an emerging North America car OEM. "Besides high-speed, the module was designed with specific attention to cybersecurity requirements in order to support reliable and comprehensive use of over-the-air software update technology. This is critically important for the automotive industry since so much of the car is now software defined." never ceases to amaze how the MM`s can drop the share price 8/10p in the final 30 mins of trading knowing their is news coming
Telit and Tele2 launch module-software embedded SIM technology London, 14 June 2017 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), and Tele2 (NASDAQ OMX Stockholm: TEL2 A and TEL2 B), global enablers of the Internet of Things (IoT), today announced the launch of simWISE, a cellular module-embedded SIM technology, the first of its kind. The new technology can act as a replacement or complement for manufacturers of cellular-connected devices using traditional SIM card and tray. Manufacturers of connected products that embed Telit IoT modules with simWISE significantly reduce time to market, complexity, and will improve customer experience across all verticals. The module-software embedded SIM technology is essential to the mass-rollout of Cellular IoT technology, in particular LPWA offerings such as LTE-M and NB-IoT. This initial release of simWISE for mass market 2G devices is the first step in Telit's roadmap to deliver a broad set of innovative technologies related to embedded connectivity that will expand across the product portfolio. Telit's ability to offer the industry's broadest portfolio of both integrated products and services, and Tele2 IoT's best-in-class connectivity solution, allows the companies for the first time to provide the market with the enhanced value proposition of simWISE that reduces the total cost of ownership and improves the connection lifecycle management features of IoT deployments across the globe.
http://www.telit.com/press-media/press-releases/press-details/item/telit-unveils-industrys-first-450-mbps-lte-advanced-automotive-grade-module/ surely this news deserved an RNS telit never seems to blow there own trumpet enough ..come on !!
Not now he doesn't! I had telit and bought August 16 at which point Yosi Fait started cashing in and, at a swift 11% loss, I bailed out. Of course the shares went rocketing immediately I sold :) But nevertheless I was left with the lasting impression that this a company who's key figures are very much out for their own financial gains. The rns says that OC will not sell anymore for 180 days...
Why is there so little discussion on this share - only three comments posted since Nov 2016.? I appreciate the attitude of Oozie Cats who is one of the reasons I have invested in Telit. He is clearly a man of very serious judgment who does not seek the limelight but just does a great job leading Telit. This must reassure institutional investors specially since he holds just under 20% of the shares. Once we see how the 39 million € is spent - in about 12 months you will see this share up to 500p.
TCM Telit Comm: Contains all the parts of the late Jim Slaters stock screener. PEG,< 1 P/E < 20 ROE > 12 EPS > 15% + relative strength. https://pbs.twimg.com/media/C-QolPPXsAUaEUM.jpg
10 March 10.96% short - share price 309p 13 March Final Results 21 March 10.12% short - share price 322p 24 march %shot not reported yet - share price 333p Early days but could contribute to some sharp daily rises, worth watching. http://shorttracker.co.uk/company/GB00B06GM726/all