Sorry havent got much information on this one yet so if you are interested please please do your own research to compliment the information I have been given. Sorry just back from holiday.

I dont think techs are in fashion at the moment but this company could just have the contracts awaiting to be announced that could really put it on the map.

Citywire yesterday gave out this news....

Telit chief executive Oozi Cats told Citywire that the company should have a dramatic announcement with one of the worlds biggest companies in the next couple of weeks for its data product business, and another with one of the biggest mobile operators in Europe for its latest branded 3G phones.

Telit has two distinct divisions, both built on its know-how and expertise in mobile communications. The first supplies non-branded handsets to mobile phone operators and retailers. The second, the data products division, supplies a radio frequency GSM engine that enables machine-to-machine communication over mobile networks. ENDS.

Well its obviously very speculative but might be just worth a punt.

More information when I recieve it.

Please DYOR.

cheers Gf.

PS, its well below its placing price aswell.

and wee tick up follows

Was just thinking that myself. I thought they were supposed to change hands in one transaction at the same price. Can anyone help here?.

cheers Gf.

Moving up niceley and still way below its placing price. News on another large contact due anytime.

cheers GF.

nice solid day.....lots of room above 118

Now above a quid. NICE.

cheers GF.

WOW look at this..........................

30-Sep-05 Telit Communications TCM Cats, Oozi 500,000 @ 110.00p 550,000
30-Sep-05 Telit Communications TCM Cats, Oozi 37,500 @ 96.00p
A director putting his own money behind the company.

Must say though Id rather a Jack Smith or a Joe Brown was running the company. These fancy yuppy names tend to put me off.

cheers GF.

nice couple od days on this one....chart looking healthier too however would be delighted if it could clear the 120 mark

Im sure it will TW and in fairly quick time.

cheers GF.

Any chance that 34.5p is the bottom for TCM, following the recent director purchase?

Wow! Up 25% today. Does anyone know why?

Much wider losses announced but break-even expected by the end of this year led to a 25% hike today!

Another good day and finally through the price I bought in at - phew!

Telit Communications PLC said an investment consortium led by its chief executive, Oozi Cats, has agreed to buy 12 mln shares, or 27.77 pct of the voting share capital, in the company from Polar Investments Ltd at 0.64 eur per share.

BOOSTT, which includes a group of Italian investors led by former Telecom Italia chief executive Franco Bernabe, said it plans to nominate Chicco Testa, a director of Telit's Italian subsidiary, as Telit's chairman.

After the deal is closed, expected on May 3, BOOSTT will have first refusal to buy up to another 19.9 pct of Telit held by Polar -- which still holds a 25.4 pct stake -- should it decide to sell.

In addition, Polar has agreed not to purchase further shares in Telit if it would result in BOOSTT not being the largest shareholder in the company.

Q1, this comapny appears t be making the right noises.

Any news on that Seymour Pierce "buy" recommendation that was published after the results came out? It would be interesting to see what the price target was.

No ST but I think initially back to the 70p level is achievable. Who knows after that?

We're cooking again today soul traders :-)

media comment, click HERE

One perhaps to watch - IC - 2013 price/earnings (PE) multiple of 14.6, falling below 10 next year, could be seen as a bargain for a company with increasingly reliable earnings and the potential to dominate an estimated $1.7 billion industry

Trading Update

RNS


RNS Number : 9102D

Telit Communications PLC

03 May 2013


The Board of Telit (AIM: TCM) announces that its revenues for the three months ended 31 March 2013 were $49.5mln (3 months 2012: $42.3mln), a year on year growth of 17%.



The revenues in the first quarter include for the first time revenues of $1.2mln generated by m2mAIR, the Company's value added and connectivity services business unit, which launched its services in mid-2012. m2mAIR has so far secured over 550 customers, and in addition is conducting over 500 pilots with potential customers worldwide.



It remains relatively early, however the year has started well and the board expects that trading for 2013 will be in line with market expectations.


http://www.moneyam.com/action/news/showArticle?id=4588120

Telit Communications "significantly undervalued" versus peers
By John Harrington June 28 2013, 2:47pm 'The significant boost in R&D funding should further Telit's technological lead and competitive position in the M2M market, in particular the development of Galileo, as well as GPS, compatible products for the automotive market,' the broker said."The significant boost in R&D funding should further Telit's technological lead and competitive position in the M2M market, in particular the development of Galileo, as well as GPS, compatible products for the automotive market," the broker said.

The research grant bagged by Telit Communications (LON:TCM) earlier this week should enable the company to extend its technological lead in the machine-to-machine (M2M) market, Canaccord Genuity asserts.

The money will also free up cash for Telit to spend on business development and acquisitions.

“We estimate most of the P&L benefit will be recognised in FY13 given 26 months of the project will have taken place. The remaining 10 months should be recognised in FY14. Therefore, the impact of the US$4.4mln grant should be US$3.2mln in FY13 and US$1.2m in FY14,” the broker said.

Having plugged the numbers into their spreadsheet, and making the assumption that a quarter of the grant affects research & development (R&D) and the rest affects capitalised development costs, analysts Bob Liao and Jonathan Imlah have nudged up their underling earnings (EBITDA) estimates for the current financial year (FY) by US$0.8mln (+3%), while the FY 2014 forecast gets a US$0.3mln (+1%) bump.

“We forecast a delayed impact on net cash, assuming funding occurs six months after recognition. As a result, we leave our FY13 net debt forecast unchanged but increase FY14 net debt by US$3.2mln to US$1.4mln net cash and FY15 net cash by US$4.4mln to US$17.9mln,” the pair said, adding that it is too soon to know what changes to make to interest payment savings.

The broker rates Telit a ‘buy’ with a price target of 117p, and says the stock is “significantly undervalued”, trading on a lower price/earnings ratio (PER) than its peers, despite delivering strong growth.

Telit’s PER, based on Canaccord Genuity’s FY14 forecasts is 8.5, versus 15 for Sierra Wireless and for Digi International, and 14 for Calamp.