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Started: jspec64, 13 Aug 2021 15:31
Last post: moniman, 13 Aug 2021 19:00
Looking like Telit have ignored the offer?
https://www.thisismoney.co.uk/money/investing/article-9847691/STOCKS-WATCH-new-bidder-stumbling-block-Telit-takeover.html
Has anyone seen some press reports that UBOX entered a counter bid of £2.60 per share cash just before the meeting to approve the DBay increased offer. ?
Started: HarryCaul, 12 Jul 2021 17:13
Last post: HarryCaul, 21 Jul 2021 00:17
I hope he does!!
The offer is a disgrace!!
Oozi Cats threatens to scupper deal according to media. I hope he does as the offer is abysmal!!!! Should have be 300p
The plot thickens!
Some chunky orders in pre market.
I am selling out today, as no counter bid apparently. A sell of 4000 will appear soon.
>Null
220 offer on the table - 225 bid in the market with the clock ticking.
No sign out there of a counter Bid.
Is the Loan Note alternative more attractive?
Me Too
Tic tic...
>Null
I have voted against
Started: devnull, 1 Jul 2021 16:52
Last post: devnull, 1 Jul 2021 16:52
Msg from broker, a vote on 14th July for 220p offer. Game's on.
>Null
Started: devnull, 26 Jun 2021 12:18
Last post: HarryCaul, 26 Jun 2021 16:31
Yes.
There was substantial volume after the Dbay offer, that drove the price as high as £2.35.
As I commented at the time, I believe the Risk Arbitrage Hedge Funds were taking positions in the hope that a higher offer would appear. While that's no guarantee that a higher offer will arrive, it does suggest, especially with interest from trade buyers, that there still is hope of something better.
Also, I think that for Dbay, it's as good as a Win/Win scenario, and I'm sure there's a certain amount of that engineered into the whole takeover strategy.
If Dbay are successful, they can work with the company to create further value, and re sell the business years down the line for X multiples. Or, their strategy flushes out a trade buyer, who will have to knock on Dbay's door with an offer for the Business that reflects the potential of the Business going forward.
It's been a fascinating journey so far, and I'm sure they'll be more twists and turns yet to come.
Have held back one last tranche of my holdings in hope of a better offer emerging. Anybody else think there is merit in this?
>Null
Started: HarryCaul, 10 Jun 2021 09:03
Last post: HarryCaul, 10 Jun 2021 09:03
Interesting that DBay have transferred their holding from Sparkasse Malta to Pershing.
There was renewed interest in the stock yesterday, that pushed the price up through the £2.35 level before settling back at £2.29 at the close.
Started: HarryCaul, 9 Jun 2021 16:27
Last post: devnull, 9 Jun 2021 19:16
Doh!
>Null
Up they go!
Started: The.Italian, 31 May 2021 14:26
Last post: devnull, 2 Jun 2021 17:02
Decided to half lth. Made it thru the Catz years but corp raids sometines hold up liquidity. Not ano hgm. Movin on to green stuff
>Null
https://www.telit.com/press-release/telit-expands-latin-america-leadership-with-expanded-hi-mix-partnership-in-brazil/and a bit more .same comment as yesterday.will we get another interested party?
https://www.prnewswire.com/news-releases/interoperability-testing-unlocks-commercialization-of-telits-fn980m-5g-module-in-russia-301300011.html dont think this has been mentioned before.probably not of any great significance,in the absence of other interested parties prepared to bid.
Started: Homeytheclown, 25 May 2021 23:21
Last post: PJT12, 29 May 2021 11:36
...........in my opinion.
Paolo Dal Pino, CEO
Eyal Shefer, CFO
Don't forget their names or make the mistake of trusting them to look after your interests again in future.
I'm not even invested here anymore but the Telit BoD should hang their heads in shame. Pathetic individuals. We cannot blame DBAY for taking advantage of what are a bunch of jellyfish from what I've seen of the events here. Sorry but the latter are not fit to run any company.
Agreed Itsyou.
These Guys are exceptionally sharp.
Can't know DBAY = "Can't BEAT DBAY"
Last post: HarryCaul, 26 May 2021 22:44
Evening Moniman
As I mentioned previously, the Risk / Arbitrage Hedge funds are in play here (IMHO).
Dbay are under pinning the action at £2.20 and it seems that that are more than a few Industry players who would like to get their hands on Telit. Only problem is that they'll have to speak to Dbay, and I suspect would have to pay a decent premium to gain their blessing.
We've already seen Ublox walk away and that bid was worth North of £2.50 at the time. So I think it's fair to say from a risk reward percentage, it ticks many boxes for large, short term Hedge funds.
I assume the lack of answers means no one has a clue what's going on here with the SP?
what's going on at 2.29 now????? still holding but unsure whether to sell now?
looks like long CFD's being opened above the offer price? what's cooking?
What's going on, why are we now at 2.26 ?
Last post: moniman, 25 May 2021 13:36
The simple answer to all this speculation is: Dbay picking up a great company on the cheap, BOD will make a packet to. I doubt Oozi and other II's will be happy with this deal. AIMHO.
good question joh dean.it seems casuistic nonsense to promote as a reason justifying an offer ,which they have been advised undervalues the company, the suggestion that it offers shareholders a way to exit for cash. that justification is, imo, predicated on the fallacious assumption that all, or almost all. shareholders would wish to sell at the same time. arrant nonsense imo.
1. why didnt they take ublox offer, even if it was shares and cash it wouldnt matter
2.its all very well saying it gone up 58% from 1.35 but some of us paid higher my case 2.70
Started: PJT12, 25 May 2021 08:13
Last post: HarryCaul, 25 May 2021 12:30
An Algorithm wouldn't over shoot the price, unless it was tailored to do so.
If there was no interest out there, the stock wouldn't be trading at £2.20 right on the Dbay bid price either.
There are clearly institutional Funds at play here, taking the view that a higher bid may be tabled from elsewhere.
This is the way I see it. Just sit on your hands and you'll either get the 220p or a bit more from Dbay and Co, or another industry buyer will come in with another higher offer. Win win I suppose, although I still strongly believe management are selling out too cheap based on Telit historical valuations etc.. Have there been secret goings on etc to the Telit BOD to recommend this offer to shareholders? Who knows what goes on behind closed doors, I bet some of the big funds aren't happy with this imho? ADYOR !!!!!!!!
This has been coming for a few months. Does the fact that DBAY have pitched the offer so low mean that the board of TCM have been unable get interest from another buyer ? Doesn't old Oozy still hold some 17m shares ? Wonder what he thinks of the offer.
Or possibly trend following algorithms have overshot the offer price.
It looks as if the Arbitrage Hedge Funds are having a go, looking at the Share Price action.
Heads you win, Tails you get 220.
Started: The.Italian, 1 May 2021 12:07
Last post: moniman, 21 May 2021 17:13
Keep up the research, but don't be too concerned that it's all gone quiet, just sit back and watch the SP creep higher and higher over the coming months on trading performance, if a takeover happens it should really start in the 3's, but the SP will probably get there before that happens anyway imho. ADYOR!
Interesting to see what will be said about all the current takeover news at the Agm next week. Special dividend maybe?
interesting comments moneyman.im afraid I'm a recent opportunistic newbie here,as i was in proactis and spotted that dbay had a large position here.so its interesting to hear some of the background.not suggesting any real parallels, but proactis had a large fall from grace which was seemingly overdone and then went through a FSP,which didn't produce anything(also suffered a complete covid collapse back in feb2020(?),before going on to plateau for several months.then bang t/o.as i say not suggesting any parallels but perhaps a similar journey here?
Yes Italian I agree, there is only one way the is going and that's up imho.. My own research tells me Telit are significantly undervalued on a number of counts. The company has thrown off all of the Ooozi Cats baggage and other legal issues from a few years, and it has divested itself of the automotive division a couple of years back for a sizeable lump of cash at the top valuation. The Covid 19 pandemic was really just a small bump in the road for Telit and it has become a more lean and cash generative operation as a result and is reflected in the recent results. The current SP is still only 50% of its value from about 4 year ago yet it is a much more resilient and well run company, this is why so many suiters appear to be hovering in the back ground. It's a shame Dbay managed to get their hands on so many shares when the price got knocked back by the wider Covid market falls, but if the management play their cards right we could either see a re-rate towards 300p without a takeover or close to 300p takeover in the coming months. IOT is definitely the place to be in at the moment and for the foreseeable years ahead, this company has as lot of growth ahead of it and with over £60million in the bank and no debt exciting times are ahead for shareholders with a little patience. AIMHO ADYOR!!!
and the DD period marches on and on moniman. i suppose each situation is sui generis and it will take as long as it takes, but if it is true that there are more interested parties, you would expect that to add a spur to the proceedings. anyway personally very happy to continue waiting for outcome.
Started: The.Italian, 21 May 2021 15:28
Last post: The.Italian, 21 May 2021 15:28
https://www.wfmz.com/news/pr_newswire/pr_newswire_business/telit-iot-connectivity-solutions-help-withmydoc-expand-telehealth-to-more-patients-and-physicians/article_9a3a7f7c-d674-56e9-a25e-bc5773f5eac4.html just to take one's mind of the T/O shenanigans and as a reminder that the company actually does things .apologies if this has already been referenced,but i haven't seen it before.
Started: The.Italian, 20 May 2021 12:56
Last post: The.Italian, 20 May 2021 12:56
last year's was published on 9th july.
Started: The.Italian, 15 May 2021 23:50
Last post: The.Italian, 15 May 2021 23:50
as time is marching on, i have been looking at the timescales for the current situation. Dbay have until 16th june to announce either a firm intention to make an offer or that they do not intend to make an offer. if by that time that have not said anything but are still in discussions with telit, then tellt have to announce that dbay must make an announcement by the 14th july. telit can terminate discussions at any time up to the 16th june. i hope this is an accurate statement of the position and if so we are moving into the endgame of this particular scenario.,although a few weeks of uncertainty may still remain.
Started: The.Italian, 18 Mar 2021 16:41
Last post: moniman, 29 Apr 2021 18:17
It would appear the rumour hasn't been taken that seriously yet
Good work Guys.
A much better day, price and Volume wise - just nice to see some action.
Sierra have been mentioned a few times now.
Interesting indeed.
Good spot, no smoke without fire? Any bidder will have to put something substantial on the table as I can see Telit being at least 300p under their own steam by the end of 2021 imho....
Betaville rare alert on Sierra wireless
Could be a leaky ship and insiders have heard something positive on the cards? Maybe a special dividend from the cash pile or new takeover approach coming. who knows what going on behind the scenes, but strange sudden rise today going into the close?
Started: HarryCaul, 24 Mar 2021 07:21
Last post: The.Italian, 24 Mar 2021 10:30
yes market seems comfortable with results and the accompanying statement is quite bullish.we need some interest from someone other than Dbay to avoid low T/O
Not even sure why we are talking to Dbay...very bullish statement contained in results....
....we are confident that the acceleration and adaptation of IoT solutions triggered by the pandemic will create medium-term benefits for the IoT market and we expect a ramp up of customer demand in 2021.
"In view of this and seeing the fruits of our team's hard work, the board is confident in the group's prospects for the future and is committed to delivering value and growth."
Agreed.
DBAY sounding like a Car Dealer sucking through his teeth, before he has your eyes out on a trade in.
Profit up albeit on slightly lower turnover due to Covid lockdown last year, cash in the bank up to $63million, the business is leaner and able to make more profit on goods going out the door obviously due to great financial management. All looking great. Bod should tell Dbay the fc#k off. Aimho adyor
No.
But anything is possible in these markets.
Over to D'Bay for the next installment.
Started: The.Italian, 23 Mar 2021 14:21
Last post: The.Italian, 23 Mar 2021 14:21
increased slightly to 9.27%
Started: The.Italian, 3 Mar 2021 07:36
Last post: moniman, 18 Mar 2021 14:21
The BOD and other savvy shareholders know Telit is a fast growing IOT company with significant contracts with big tech companies. Having bounced back strongly from the Oozi Cat shenanigans Telit are in an amazingly strong position at the moment the way IOT is growing across all markets. If I were the Telit BOD I would have said if any offer doesn't start with a 3 in front of it then please Fcuk# off and stop wasting our time. Aimho adyor.
Is the potential bidder somehow also selling, to keep the price down, so as to show a fat premium when the bid comes? Or am I paranoid?
I think that's a fair assumption.
Results next week and Telit BOD could potentially be looking to distribute excess cash with dividend? Are Dbay looking to get in first by the look of things?
Have to say, I'm a little disappointed at the price action. There appears to be a substantial seller around 210, with no effort to test the levels.
The Ublox offer was around the £2.50 last time round admittedly with a stock element, but that that was deemed to under value the company.
One wonders if Dbay's approach will now flush out other suitors?
Last post: The.Italian, 18 Mar 2021 07:43
good news henry and what i was hoping for when i bought in recently.as someone on ADVFN has said, Dbay must have indicated something more substantial was potentially on offer for Telit to open the door.i would assume it would be above the Ublox figure,but i never understood why the s/p didn't move closer to that figure last time, so there are probably factors at play which are not clear to me. anyway good news and interesting to see where we get to.gla
Announcement out, back in play.
Any thoughts on price?
Last post: HarryCaul, 1 Mar 2021 08:10
Been keeping an eye on Ublox - now trading at CHF71.50!!
Onwards and upwards.
Started: moniman, 3 Feb 2021 08:06
Last post: The.Italian, 17 Feb 2021 12:44
HarryCaul i expect you saw that we started yesterday with a DMA on the ask at 200p with (i think) over 93,000 shares. this reduced during the day to about 75,000 the last time i looked. not here today at that figure. not attaching any particular significance to it, just musing.
Dbay taking a pause, but will buy upto the 29.9% threshold in the coming weeks I would have thought? This is heading for 250p to 300p in the year ahead I would think?
Seems to be a seller around at present holding the price down.
It will be interesting to see how DBAY's strategy plays out from here.
I think this will need a big catalyst to see 300p by end of year.
Since I’ve been here, just a few months the sp is really struggling at anything over 200p at the moment
Even when Dbay went from 18-25%, there was very little movement
210p to me is looking like a major hurdle
If you don't need to sell nothing to concern yourself, just wait for 300p by year end. This is my best guess, but do your own research!!!
Last post: moniman, 15 Feb 2021 12:55
I don't think so as they sold off their automotives business last year...
Was just reading an article regarding Apple's plan to enter the Automotive market.
One would imagine any such vehicle would be brimming with connectivity.
Would this be something Telit could or would get involved with?
https://europe.autonews.com/automakers/who-will-build-apple-car-here-are-candidates-watch
Started: The.Italian, 14 Feb 2021 12:00
Last post: The.Italian, 14 Feb 2021 12:00
https://www.telit.com/press-release/telit-me310g1-ww-test-results-at-tim-set-the-stage-for-lte-nb2-iot-services-in-brazil/ apologies if this has already been posted,.not seen it before personally