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.

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

the normal morning spike this time to 173p +10p

Tradegate - gives prices after close in Euros

Close T+11 @ 172.30p

seems some resistance at 174p and close enough of the 175p of the chart meeaning a 61.8% bounce from the bottom 100p

that was a gain of 51.50% on 4 working days of the T+15

Bought again @ 162p not long ago

After the recent retracement is on the bounce again ( up from 100p to 174p and down to 141p ),

GS increasing the stake on 06/09/2017

The Goldman Sachs Group, Inc.

Resulting situation on the date was crossed 7.88% - 130,691,291
Position of previous notification 7.27%

181.25p +4.25 +2.40%

The bounce back is on after a few days of pause last week

StockMarketWire.com
Telit Communications has warned that its adjusted EBITDA for the year will be materially below guidance.

It said pressure on gross profit margins stemming from the transition from 2G and CDMA products (mature technologies with higher gross profit margins) toward LTE products (newer technologies with lower margins at this stage) has been greater than expected.

Revenues and adjusted EBITDA for the second half will be greater than for the first.

The company has appointed former 888 non-executive chairman Richard Kilsby as non-executive chairman with immediate effect and made a number of other board changes.

Simon Duffy has been appointed the senior independent non-executive director and chairman of the audit committee, with immediate effect.

Yosi Fait, who has been interim chief executive since August, has been appointed chief executive officer and Yariv Dafna, currently chief operating officer, joins the board as finance director, both with immediate effect.

Enrico Testa is stepping down as chairman but will remain on the board as an executive director.

Kilsby said: "We are aware of the concerns raised regarding share trading undertaken by Yosi Fait in July 2017. We have absolute confidence in his integrity and believe, having examined the share trading with the assistance of external legal advice, on this basis that it was lawful.

"Telit is very well positioned in the fast growing and exciting space of the Internet of Things. The team have developed a detailed bottom up plan to rationalise the cost base of the business and capitalise on its leading position in the fast moving end-to-end IoT solutions space.

"I look forward to working with Yosi and the team to implement their strategy to develop the business and maximise shareholder value."

this lot was exposed as being crooked a while back .... why would anyone still be invested?

Quite. Not one for me but just happened to see the drop and reminded me why I don't have a stake.