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.

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.

Interim Result
09 Sep 13 Telit Communications PLC [TCM]

Telit Communications: Broker says logic of US$8.5mln takeover is "compelling"
By Ian Lyall September 05 2013, 2:53pm Canaccord believes the snug fit between the two companies means there will be cross-selling opportunities.Canaccord believes the snug fit between the two companies means there will be cross-selling opportunities.

The broker Canaccord has described the logic of Telit’s (LON:TCM) US$8.5mln takeover of ILS Technologies (ILST) as “compelling”.

Restating its ‘buy’ advice and 116p a share price target, it added: “ILST allows Telit to provide a differentiated, end-to-end solution, comprising machine-to-machine devices, connectivity and back-end services, including data management, reporting, monitoring, remote access and integration. We believe ILST is an ideal complement to Telit’s existing product offering.”

Telit has developed the technology that allows machines to talk to one another, while ILST’s cloud-based platform connects IT systems to these m2m (machine-to-machine) enabled devices.

Canaccord believes the snug fit between the two companies means there will be cross-selling opportunities.

In a note to clients, it added: “The solution is also highly complementary with Telit’s customer base.

“We believe a turnkey solution should be particularly attractive to Telit’s large base of SME customers that have limited resources to deliver and manage m2m services themselves.

“The acquisition increases our confidence in Telit’s competitive position and long term growth. ILST is well regarded within the industry and has leading edge technology supported by years of investment.”

Outside of the retail sector, machine-to-machine (M2M) wireless technology player Telit Communications releases interims on Monday.

The first half of the year will include the first substantial revenues from the company’s m2mAir division, Northland Capital Partners notes. M2mAir is Telit’s value added and services business unit that was launched in mid-2012.

“This unit will boost Telit’s recurring revenue and increase visibility,” Oriel said. “We will also be looking for an update on September’s acquisition of ILS Technology, a provider of a cloud platform to connect IT systems to m2m-connected devices. This has expanded the m2mAir offering,” the broker added



http://www.proactiveinvestors.co.uk/companies/market_reports/60833/week-ahead-retailers-take-centre-stage-0000.html

Half Yearly Report

Financial highlights:

Ø Revenue increased by 10% to $108.5 million (H1 2012: $98.6 million)

For the first time the company generated recurring revenues from its m2mAIR value added and connectivity business unit of $2.4 million (H1 2012: $nil)

Ø Gross margin increased from 37.1% in full year 2012 to 37.6% in H1 2013.

Ø Operating profit increased by 100% to $6.4 million (H1 2012: $3.2 million)

Ø Adjusted EBITDA increased by 17.6% to $10.0 million (9.2% margin) (H1 2012: $8.5 million, (8.6% margin)

Ø PBT increased by 107.4% to $5.6 million (H1 2012: $2.7 million)

Ø Net profit increased by 147.8% to $5.7 million (H1 2012: $2.3 million)

Ø Net cash flow from operating activities increased by 34.9% to $11.2 million (H1 2012: $8.3 million)

Ø Net debt at 30.6.2013 was $8.1 million in comparison to $12.7 million at 31.12.2012 a decrease of $4.6 million

Ø Earnings per share increased by 154.5% to 5.6 cents (H1 2012: 2.2 cents)





Operational highlights:

· H1 2013 results saw significant investment in sales and marketing expenses (H1 2013: $18.3 million; H1 2012: $13.8 million) including the m2mAIR business unit and the integration of CrossBridge Solutions Inc. that was acquired on the last day of 2012. Despite these investments the company improved each and every financial parameter including: EBIT, PBT, adjusted EBITDA and cash flow from operational activities

· The integration of CrossBridge, and its engineering and sales staff, will allow us to expand the Telit m2mAIR business unit, in particular providing connectivity into North America markets. Telit m2mair, the Company's value added and connectivity services business unit, which launched its services in mid-2012 has so far secured over 600 customers and is conducting over 570 pilots with potential customers worldwide. This strategic move will enable the Company to add a layer of recurring revenues to its business model.

· Telit has been granted by decree a US$44 million facility supported by the Italian MISE (Ministry of Economic Development) to develop an innovative platform for the application of M2M technologies. Of the US$44 million, 10% is to be provided as a grant by the Italian government, 81% is to be made available as a loan by Cassa Depositi e Prestiti, a joint stock company under public control in Italy, with a preferred interest rate of 0.5% per annum, and 9% is a loan issued directly by a financial institution. The company expects to receive about $19 million from this facility in H2 2013.

· Telit continues the investments in development of 4G LTE modules designed for use in the most demanding automotive and industrial m2m applications.




http://www.moneyam.com/action/news/showArticle?id=4664601

UPDATE - Telit Communications sees improving outlook
By John Harrington September 09 2013, 1:00pm 'We look forward to continuing to grow our revenue and gain market share while maintaining existing margins and improving profitability,' said CEO, Oozi Cats."We look forward to continuing to grow our revenue and gain market share while maintaining existing margins and improving profitability," said CEO, Oozi Cats.



---ADDS BROKER COMMENT AND UPDATES SHARE PRICE COMMENT---

Machine-to-machine (M2M) wireless technology specialist Telit Communications (LON:TCM) saw an improvement in all of its key performance indicators in the first half of 2013.

Underlying earnings (EBIT & EBITDA), profit before tax and cash flow from operational activities all moved in the right direction during a period in which the company splashed the cash on sales and marketing initiatives.

Revenue rose by 10% to US$108.5mln from US$98.6mln the year before, helped by a first time contribution of US$2.4mln from m2mAIR, its value-added and connectivity business unit, which the company is looking to provide a recurring revenue stream to supplement its established module business.

Telit’s dependency on major customers continues to be low by industry standards, with the top 10 customers contributing 33% of total revenues in the period, though this was up from 30% in the corresponding period of 2012.

Adjusted EBITDA climbed 17.6% to US$10.0mln from US$8.5mln the year before, with the EBITDA margin hardening to 9.2% from 8.6%.

Profit before tax more than doubled to US$5.6mln from US$2.7mln a year earlier, while net debt came down to US$8.1mln from US$12.7mln at the end of June 2012, despite the company whacking up sales and marketing spend by US$4.5mln to US$18.3mln.

Net cash flow from operating activities increased by 34.9% to US$11.2 million from US$8.3 million in the first half of 2012.

“The outlook for the rest of 2013 remains positive for Telit, and we expect to continue our growth,” said chief executive officer, Oozi Cats.

“The company has started H2 strongly and we are confident of meeting our expectations for the full year. We believe we are well positioned to benefit from key trends in the technology market and will look to leverage our strong position to further increase market share in 2013 and beyond. We will continue to review expansion opportunities, both organic and through potential acquisitions, to maintain momentum and continue to expand activities within the m2m value chain,” he added.

House broker Canaccord Genuity said: “We believe Telit is seeing early signs of improving performance across multiple fronts.”

“Telit has restructured its management and product portfolio over the past year and expects these changes to begin delivering returns in H2 FY13,” the broker reported.

Canaccord Genuity notes gross margins increased from 46.4% in the second half of fiscal 2012 to 37.6% in the first half of this year, reversing a multi-year trend and making the broker’s forecasts for no margin growth this year and little growth next year look conservative.

“Telit’s cash conversion may also be higher than forecast,” the broker said, after free cash flow (FCF) hit record levels in the first half of this year.

“Telit plans to rebuild inventory to support future growth but we believe the company’s expanding scale could drive stronger FCF than we forecast,” the broker noted.

The broker has reiterated its ‘buy’ recommendation and stuck with its 117p target price.

Shares rose 3.5% to 89.02p shortly after the announcement of the results and were up 7.6% at 92.5p in early afternoon trading.

up 7%

:-))

Great little move today
got in Friday at 115 so very pleased
article in Shares mag helped

Great share.

19/06/2014 BUY Oozi Cats CEO 64,802
13/06/2014 BUY Oozi Cats CEO 100,000
18/05/2014 BUY Enrico Testa CH 7,900

StockMarketWire.com
Telit Communications expects H1 revenues will be about $156.2m, an increase of 13.2% over the comparable period last year.

Revenues are expected to include $11.1 million (H1 2014: $9.2 million) generated from the Company's IoT Platform as a Service (PaaS) through its services division, which represents 20.6% year-over-year growth.

Net cash/debt as of June 30, 2015 is expected to be approximately zero (Nil) (December 31, 2014: net debt of $3.9 million).

Additionally, the Board is pleased to provide, for the first time, guidance for the full trading year of 2015, as follows:

· Revenues: $347m-$354m

· Adjusted EBITDA: $42m-$47m

From III
Can Telit Communications recover from 44% crash? -Lee Wild | 7th August 2017

Investing successfully in Telit Communications (TCM) has always been about timing. Traders who got it right cleaned up, but holding too long was always the risk. And owning Telit over the weekend would have been expensive after the AIM techie today admitted it swung to a half-year loss and scrapped the dividend.

Brave investors could have snapped up Telit for around 8p a share in early 2009. They hit 357p in 2015 before peaking at 379p on 1 May this year. A few days later the company could only get a £39 million share placing (for acquisitions) away at 340p, and it's been downhill ever since.

Monday's 44% crash had them at just 143.25p briefly, extending the dive from its high to as much as 62%.

Revenue at Telit, whose technology connects machines to the internet via both cellular and short-range networks, grew by almost 7% in the first six months of 2017 to nearly $178 million (£136 million).

However, heavy investment in acquisitions at company, which this year received the first purchase order from Tesla (TSLA) for all Model 3 cars, wiped almost a third off adjusted cash profit to $14.7 million.

Buying Stollmann in 2016 and GainSpan this year triggered a surge in spend on both research & development and marketing, causing a plunge from $4.7 million pre-tax profit a year ago to a loss of $6.7 million this time.

We're told it will splash out less on R&D and marketing as a percentage of revenue both in the second half and in 2018. Telit's top line is also typically weighted to the second half of the year, so one would normally expect a pick-up over the next few months.

"Overall, we remain confident of a strong second half performance," writes long-serving chief executive Oozi Cats, who currently owns 12.6% of the business.

However, the gap will be far more dramatic this year, and that's a worry for investors.

There were also supplier delays in obtaining US certifications for so-called Long-Term Evolution (LTE) - a standard for high-speed wireless communication - products. Again, these should be received in "the coming weeks" and drive sales in the second half, but traders are cautious.

And it's easy to understand that nervousness given the wide range of profit outcomes indicated by latest company guidance.

Expect an increase in full-year revenue to $400-$430 million versus $370 million in 2016, says Telit. But adjusted cash profit could be anywhere between $47 million and $60 million - as much as down 13% or up 10% - compared with $54.4 million a year ago. We'll see.

Of course, a spectacular price plunge like this inevitably attracts bargain hunters. And, by lunchtime, Telit shares had bounced off their 143p low to trade at 176p, a gain of over 20%.

We've seen Telit shares recover sharply from setbacks before and, as always, the trick is to identify whether these are just one-off events, or if there's a deeper problem lurking somewhere here.

First impressions are that it's the former, but markets don't take shocks like this well, and there's a repair job to be done at Telit. To help, the company has brought in finnCap as nominated advisor and joint broker. If history is any indicator, new brokers are keen to publish their thoughts, which typically focus on the positives.

It's also worth noting here that finance director Yosi Fait last month exercised 500,000 share options at 206p, selling the resulting 173,567 shares plus another 315,000 at an average price of 310p. That's what I call good timing.

Watch to see if he and other directors are as keen to buy now that the shares are considerably cheaper.

Some charts to follow the next days

--

Further bad news .........

Telit CEO takes leave of absence pending investigation
At 9:53am: (LON:TCM) Telit Communications PLC share price was -65.125p at 117.125p

Telit Communications' chief executive Oozi Cats has taken a leave of absence after speculation rose about his historical indictments in the US.

The company said the matters are unrelated to Telit and significantly pre-date its establishment.

Telit has appointed independent solicitors to review the matter.

Yosi Fait, finance director and president, will serve as interim CEO.