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.

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.