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I've added a further 1,000 shares this morning @ 2.07 Clearly the stock is still being affected by shorting activity but I am not bothered about this short term volatility. This is very much long term investment long after these short term speculators have closed their positions. This is a company with 5 Years of double digit growth and many more to come. They are generating increasing amounts of cash with a focus on opex decreasing over time. A dividend policy has commenced this year which would never happen if they weren't generating sufficent cash. Furthermore the shares at this level are now trading on a current year PE of 12.6 and forward broker multiple of 10.5 for 2017. This for a double digit growth stock is ridiculous.
agree with you there - a company of the future, performing now...
Added two more blocks totalling over 1,000 shares @ 210.7 What a gift.
Absolutely marvellous opportunity for stocking up here IMHO
I've currently got a months free trial on this website. Quite impressed with its analysis. Their view on Telit is particularly interesting in terms of its value. SimplyWallSt believe Telit is undervalued by nearly 50% in terms of its future cash flow value giving it a FCF value of £4.16 But on most other metrics it is also very positive. Worth a look. https://simplywall.st/AIM:TCM/telit-communications#close%23close%23close%23close
Berenberg 250p Cannacord G - 280p Both well north of where we are currently
Yes I need to get myself sorted out on Twitter - not up to speed yet! I'll let you know ;) Agree about volality but we're in a solid trading range so no worries at present and Ennismore seem isolated to me.
Interesting Dibs. No official short reductions yet so expect volatility to remain for a bit. It's a dangerous game to be short here I suggest. I would not feel comfortable at all. Dibs - if you are on Twitter let me know your handle. Be good to connect.
speaksense - totally agree about SAP! In my previous life I was an SAP consultant so I know a bit about them. Absolutely massive implications for Telit let alone all their other deals. SAP is a Mammoth organisation with a countless number of top blue chip customers all over the world. For me the implications are very bullish and, of course, the market cannot possibly factor in the long term implications, but they're big alright! It just opens up so many more doors.
Telit enables Konect smart metering in less than two weeks Rapid integration to Telit IoT Platform accelerates time to market for new smart meter service in Brazil Sao Paulo, June 7, 2016 – Telit, the global leader in the Internet of Things (IoT), today announced that Konect, a new smart metering proposition, has integrated the Telit IoT Platform within a fortnight, rapidly accelerating time to market for the new smart meter plus management system offering. Kron Medidores, a Brazilian provider of automation for about 90% of the country’s shopping centers and intelligent buildings, has developed the Konect offering which is composed of the smart meter hardware and software for managing and monitoring utilities consumption. The company is using the Telit IoT Portal to provide the management and remote visualization capabilities for Konect customers. The platform enables all the necessary adjustments to be made to a smart meter so measurements on any device can be accessed in real-time. In addition, Kron Medidores is now starting to integrate Telit mobile communication modules into the Konect meters to make the product 100% plug-and-play. The company had initially intended to connect existing meters via Ethernet cables but sees the simplicity and speed of deployment of devices using mobile connections as a means to lower the costs of implementation and accelerate time to market for customers.
Spot on Dibs. Perfect time to be adding. The SAP tie up is big in so many different ways.
Interesting if you look at the 5 year chart as we have rock solid support at between the 190-220p level over that period. This gives me great confidence to build from here. Looks like we're now consolidating after the recent mini spike. Massive £226k purchase by chairman providing additional support for SP at this level IMHO. There really is nothing left here for Ennismore to feed on and I can only assume they are exiting in an orderly manner and swallowing their loss.
Steadily building up my holding here towards a rewarding medium/long term return. Consensus broker forecasts are FY2016 - EPS 16.33p giving forward PE of 13.68 and FY2017 - EPS 19.53p giving forward multiple of just 11.44. Now for a growth stock offering 15/20% organic growth pa accelerating into 2018 onwards that looks pretty cheap to me. I will continue adding.
Cheers for the IC write up. That sort of growth would be truly impressive and cement similar SP growth going forward. jazz - yes the divi policy is great news and confirms the companies transition into a solid cash generator.
Somehow I missed the update on maiden dividend - a welcome surprise
Telit is the global leader in industrial, machine-to-machine technology and offers a complete, differentiated offering. Its shares trade at a discount of over 40 per cent to the UK technology sector, which is unjustified given the anticipated growth of connected devices, the upside to current estimates that we see and the strong growth profile of the company - we forecast annual growth in revenues and EPS of about 15 per cent and 20-30 per cent respectively going forward.
I wonder at what point they will admit defeat (if they haven't already). I know shorters are very thorough in their analysis but unless they know something the rest of the market doesn't then the situation could worsen from their point of view. It seems to me that sentiment is turning more positive here again. I have noticed a late attempt to drive the SP down in the past few days. We seem to be in a trading range between 220 and topping at 230 currently. They may be taking this opportunity to exit assisted by the Brexit market malaise. I expect them to be out by the end of this month.
Been on the sidelines here with this on my watchlist but decided now is the time to buy back in with an initial purchase. Delighted to be buying at the same price as the Chairman paid for his whopping buy of £226k. There's been a succession of positive announcements in the past few weeks and I am confident that this is a good price for long term growth. IOT is the place to be and these guys are leaders and v v smart.
Telit deviceWISE Asset Gateway Embedded on USRobotics M2M Gateway Simplifies Development of IoT Solutions 26/05/2016 1:30pm Business Wire Telit Communications (LSE:TCM) Intraday Stock Chart Today : Saturday 28 May 2016 Click Here for more Telit Communications Charts. USR3510 Courier M2M 3G Cellular Gateway with deviceWISE edge-intelligence added to deviceWISE Ready program Telit, a global enabler of the Internet of Things (IoT), today announced it has collaborated with USRobotics®, a division of UNICOM® Global, on integrating its deviceWISE Asset Gateway software on the USR3510 Courier® M2M 3G Cellular Gateway. The USR3510 has been added to the deviceWISE Ready program as a certified gateway – assuring quick and seamless onboarding to the Telit IoT Portal, powered by deviceWISE, for the development of end-to-end M2M/IoT solutions across different markets and industries. The cost-effective Courier® M2M 3G Cellular Gateway with embedded Ethernet, Serial, and GPS is certified for all major GSM/HSPA+ and CDMA/EVDO 3G cellular networks for LAN to WWAN routing. The embedded serial port allows quick implementation for a wide variety of serial based systems already out in the field making it ideal for M2M Serial applications including remote maintenance and control, Point of Sale, monitoring, and automation. The cloud based GUI allows fast and easy carrier changes, loading of custom configurations, and remote device management. Advanced features include persistent connectivity, an automatic provisioning system, and an open architecture for easy customization. “USRobotics is a valued ecosystem partner of Telit and we are excited that the USR3150 Cellular Gateway is now fully deviceWISE Ready certified,“ said Fred Yentz, CEO of Telit IoT Platforms. “Our comprehensive certification process assures the Gateway has been engineered and tested for simple, quick, and reliable integration with our IoT Portal and is fully supported and endorsed by Telit for use across the most demanding markets.” The deviceWISE Asset Gateway software includes a large library of native device drivers and industrial protocols, making it highly applicable for Industrial IoT deployments. Embedded robust edge intelligence logic lets developers configure alarms and events, do conditional monitoring, make automatic decisions and take actions. Processed information from the sensor nodes is published through the Cloud-based Telit IoT Portal, powered by deviceWISE, for seamless integration with enterprise business systems and mobile and web-based apps and dashboards. The Telit IoT Portal makes it easy to connect your “things” to your “apps” –reducing risk, time-to-market, complexity and cost of deploying solutions for monitoring and control, industrial automation, asset tracking and field service operations across all industries and market segments around the world. The Telit IoT Port
seems Ennismore can't stand the heat and are exiting fast as predicted. You can't keep a quality company like Telit subdued for long, too much going on to drive the company forward.
Should be RNS tomorrow re Telit and USRobotics, good time to invest your dividend
"Our collaboration with one of the world's largest Enterprise Application Software groups to license and resell our solution creates a new way for companies to onboard to the Internet of Things. We look forward to serving new and existing customers of our new partner across different industries and markets worldwide.
Major global Enterprise Application Software group enters into Software License and Reseller agreement to sell Telit's IoT platform London, 20 May 2016 - Telit Communications PLC, (AIM: TCM, "Telit"), a global enabler of the Internet of Things (IoT), has entered into an agreement with a major global Enterprise Application Software group ("EASG") to license and resell the Telit deviceWISE IoT platform. The collaboration between Telit and the EASG offers a foundation for seamlessly and securely connecting IoT devices. It will deliver trusted data to the EASG's ERP systems and extract value through its analytics, across any industrial environment for remote machine monitoring and control, production diagnostics, predictive maintenance and remote service, across all markets and industries worldwide