Deeply Undervalued13 Aug 2020 16:32
Telit has picked up since the 9th July, the 6 months Trading Statement over Covid period was upbeat, guidance of single figure revenue reduction, offset by increased margins.
Positives are forecasts for strongly growing IOT markets, solid balance sheet and double-digit growth of high margin recurring revenues . The stock looks deeply undervalued due to legacy issues which are now firmly in the rear view mirror.
A very positive finnCap note issued same day had a 210p Target price.