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.

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.

Elsewhere, broker Canaccord looked at Telit Communications' (LON:TCM) trading update today, which said first half revenues would come in slightly better than the market expects.

The broker noted cash generation was particularly strong in the first half and the cash conversion very encouraging, easing some of the worries aired by investors in 2012.

The broker said there was also good revenue growth at connectivity arm m2mAIR and it has raised this year’s revenue forecast at the subsidiary to $5.5mln from $4.0mln though the total revenue forecast is unchanged.


http://www.proactiveinvestors.co.uk/columns/broker-spotlight/13493/broker-roundup-pt-2-including-ferrex-telit-communications-and-condor-gold-13493.html

Telit driving the march of the machines
By John Harrington August 23 2013, 2:00pm Broker Canaccord Genuity rates Telit shares a 'buy' with a 117p target price. 'Telit trades with a FY14 P/E below its peers despite delivering strong: Sierra Wireless (15x), Calamp (14x) and Digi International (15x),' the broker said.Broker Canaccord Genuity rates Telit shares a 'buy' with a 117p target price. "Telit trades with a FY14 P/E below its peers despite delivering strong: Sierra Wireless (15x), Calamp (14x) and Digi International (15x)," the broker said.

A quick scan of previous articles by Proactive Investors on Telit Communications (LON:TCM) reveals numerous variations on the phrase “exceeds expectations”.

The company’s ability to keep surpassing market forecasts partly reflects the sector it is in - the high growth cellular machine-to-machine (M2M) market - but is also a testament to Telit’s ability to grab market share in a competitive market.

From owning just 6% or so of the global market in M2M modules shipments in 2007, the company’s share in 2011 had risen to 20.1%, according to IMS Research.

Telit’s chief executive officer, Oozi Cats, meanwhile, says that the company is the biggest industrial M2M provider in the world, with more customers – over 5,000 at the last count - than any of its competitors.

Telit is the industry’s only pure-play M2M company, and Cats thinks that the company’s focus on just the one sector has enabled it to out-perform its rivals.

Although the company is regarded as a technology stock, with a foot in both the software and hardware camps, it is also a services company, one that is skilled in providing a bespoke product to its customers.

With many projects typically taking three years, during which the company works hand-in-glove with its customers on new solutions, the company is well-placed to see how industry trends are developing.

“I would say that 3G will deploy massively until 2018, then we will see 4G taking the lead,” Cats predicts.

3G, which stands for “third generation”, is a set of standards for mobile telecommunication devices, and 4G is its successor.

Cats thinks the big rise in deployment of 4G will be in 2015/16, “and will become massive in 2018, and will stay massive at least until 2023”.

That sort of clearly defined roadmap is a boon to Telit’s research & development boffins, who currently number around 260, spread around six centres across the globe.

The company also has 30 sales offices and 59 exclusive distributors, covering 80 countries worldwide, enabling the company to provide the sort of on-site technical support, and hardware & software design support, that are important differentiators in Telit’s proposition.

As Cats observes, being truly global is a necessity for the sort of multi-national customer that has its headquarters in one place, its R&D facility in another and its manufacturing capability in several other places.

While Telit’s customers are based all around the world, so are the markets they sell into, and those customers rely on Telit’s expertise in different jurisdictions to ensure they do not fall foul of local rules and regulations.

All of which creates a significant barrier to entry for potential competitors. “This is not box shifting,” Cats states.

At the same time, existing competitors seem to be struggling to match the level of hand-holding and cooperation that Telit provides.

“We have better product management [than the competition]. Then, we have better operations; we have to procure very efficiently. We have better sales and marketing; our sales team offers better service. We have to, because this is all about long-term service to enable customers to go to market [with their products],” Cats declares.

“I don’t want to say we have a bulletproof system, but it’s not that far from that,” Cats believes.

As the company plays such an integral part in enabling customers to get their products to market, it becomes entrenched in the design and development process of those customers, which is wonderful for Telit in terms of repeat business.

That gives it a strong base from which to grow, and Telit has not been slow in doing so. Shipments between 2007 and 2012 grew at a compound annual rate of 71%, which means the company has set the bar very high in terms of growth rates.

As we have seen, however, Telit has a track record of exceeding expectations.