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.

that is right very good for you and for ME, got some slightly better 123.94p on a T+10

not shorters over here like in other places to fight, I already put my fingers on their eyes at two posters somewhere else.

142.25p + 5p (+3.64%) had a high of 145p earlier

Another movement up on a very depressed market

Today decided to have a higher price 145p and then retracement
The opening lower spike was signaling that

The pause at around 128p and a stronger order book on the bid side, augurs better thing to come from this point after the retracement
DEPTH of
72 v 58 ( earlier was 59 v 63 )

134.50p +10.75p

Telit Communications PLC - Resignation of CEO and Board to be reinforced

Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), announces that Oozi Cats, has resigned from the Board and his employment with immediate effect. The independent review has found that the evidence shows that an indictment was issued against Oozi Cats in the US and that this fact was knowingly withheld from advisers. Yosi Fait will continue as interim Chief Executive Officer.

The Board intends to appoint three additional independent non-executive directors as soon as practicable to reinforce it, one of whom will become Chairman. It is expected that the non-executive appointments will be UK based and have previous PLC Board experience. The Nominations Committee has appointed Korn Ferry to conduct this search.

It is a source of considerable anger to the Board that the historical indictment against Oozi Cats was never disclosed to them or previous members of the Board and that they have only been made aware of its existence through third parties.

The Board is now moving on from this difficult situation and will continue to deliver on its stated strategy under the interim leadership of Yosi Fait. He will be conducting a preliminary review of the Group's activities and cost base.

The Board has engaged with its major stakeholders over the last week and is confident in the strategic and operational strength of the business. The Board reiterates the guidance it gave to the market on 7 August 2017 and intends to make a further announcement on progress during the course of September 2017.

The Board is also aware of additional speculation from third parties relating to Telit's financial condition, trading performance and business relationships and has considered that speculation in detail.

The Board confirms that there is no substance to the speculative and accusatory articles that have been published and that it stands behind the Group's audited accounts to 31 December 2016 and the most recently published interim statement.

Specifically the Board is satisfied with the status of its distributors which contributed approximately 24% of Group revenues in the year ended 31 December 2016 with the ten largest accounting for approximately 61% of the total distributor turnover.

The Board also notes the comments with respect to Bartolini After Market Electronic Services Srl, or BAMES, which relate to matters that commenced in 2007 and ended with the insolvency of BAMES in 2013 (although the Group's involvement with BAMES ended in 2010, as fully disclosed in the Company's financial statements). The investigation mentioned in recent publications is in a preliminary, non-public stage but given the recent speculation the Board confirms that should any charges be levelled against the Group (or its associates in place of the Group), it intends to defend its position vigorously and considers that any action would be without merit.

Looking for 145p today

That was the Intraday high last Friday, before more shorts where taken as the gossip got hold of negative commens on the "Sunday Tmes".

But they got the fire down below, with the positive news today

On 145p
Ready for take off!

Some resistance as expected around the 145p, so has been trying to go over 3 times now, some are trying to stoped it at this point

Leucadia and Lombard reducing short positions today.

Down to 12.44% from +13% total positions.

RNS - Davide Renato Ugo Serra crossed 3%, 4%

before 3,652,882
now 5,198,782 - 4%

Who is the man building a 4% stake ........

Mr. Davide Renato Ugo Serra is a Co-Founder, Founding Partner, Investment Advisor and Chief Executive Officer at Algebris Investments (UK) LLP. Prior to this.
Mr. Serra served as a Managing Director, Global Banks Team Coordinator and Research Analyst at Morgan Stanley, Research Division.
He headed the European banks research team at the firm. From 1995 to 2000, Mr. Serra was a Senior Analyst at UBS Investment Bank, Research Division. He catered to banks sector research ...

134.50p +3.50p after reaching 137.25p

The latest on shorts
We are starting to see the first signs of reduction from the historical data - this only includes data up to last Thursday 10th August.

Http://shorttracker.co.uk/company/GB00B06GM726/all

It looks likes some of the longs already cash in yesterday, and the shorts are running out of puff.

it seems 129p is a support at the moment, it tried yesterday and again this morning. but fail to go under.

Since the low of 101p to the Intraday high today 146.25p
then the 38.2% retracement
is @ 129p

Tradegate - gives prices after close in Euros

Sold for a good profit yesterday.

roller coaster this morning.

129p+ 14p (+12.17%)

it seems is the start of the day
UP and away

order book gets stronger
DEPTH
56 v 38

Up and away since yesterday, last Friday had capitulation again and then started to recover from the large drop.

Lucky if you bought some then, noticed late on the afternoon and I waited till the end to buy finaly @ 113.93p

We had an earlier intraday retrace of 38.2% @ 126p

Fibonacci retracement

High Range (H) = 133
Low Range (L) = 115

Calculate

-- % -- Retracements
0% 133
23.6% 128.75
38.2% 126.12

145.75p +13.25 (+10.00%)

Telit certifies LTE Cat M1 with AT&T

London, 31 August 2017 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), today announced that its ME910C1-NA module is the first Telit LTE Category M1 (Cat M1) module to receive certification for operation on AT&T's LTE nationwide network.

Certification means IoT integrators and providers can start taking advantage of the reliability and coverage of AT&T's LTE Cat M1 network for the IoT.

Yosi Fait, Telit's Interim Chief Executive Officer, said:

"This is an important milestone for Telit customers. Our existing customers using 2G or 3G modules from Telit can now move to the newly certified Cat M1 module, go through the required AT&T testing with our help and start deploying Cat M1 products in a matter of weeks."

Telit's LTE Cat M1 module is based on Qualcomm® LTE modem and is the first of this technology to receive AT&T Cat M1 certification. The module expedites migration of existing 2G/3G connections and shortens time-to-market for new IoT devices.

Industries that demand lower costs, security and extended product lifecycles now have more options with Telit's LTE Cat M1 module. The combination of LTE Cat M1 technology and extensive feature set makes this module an ideal solution for new applications in vertical segments such as telematics, smart energy and metering, asset tracking, retail point of sale, security and surveillance, industrial control and automation, smart home, and smart buildings.

TCM 153p +20.50p

going places now, shorts must be closing by the way is moving UP

share price breaking up from the previous intraday high 146p on the 14th

Intraday retracement just like yesterday

so far has been a 38.2% retrace like yesterday to 152.50p

high 160.25p low 140.50p

23.6% - 155.589
38.2% - 152.70
50.0% - 150.375

163p +30.50p (+23.02%)

UT @ 163p
Well ahead of the closing spread 160.25 v 161.00p

there was buyers willing to pay the high price at the end
16:35:29
163.00p UT
114,200 K