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Telit Communications PLC (TCM.L)

LSE - LSE Delayed price. Currency in GBp
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193.00+1.00 (+0.52%)
At close: 4:35PM GMT
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  • M
    Matt
    Telit offloads autos unit for $105m. Why so quiet?
  • A
    ActiveAction
    It looks like Telit BoD passed on an opportunity to listen to additional offers from Lantronix. Lantronix would have been a good merger partner. NewsIN BRIEF: Telit Communications Ends Talks With Lantronix, Extends DbayTelit Communications PLC - internet of things and machine to machine communications company - ...
    Alliance News1 December, 2020 | 4:01PMEmail Form
    Telit Communications PLC - internet of things and machine to machine communications company - Notes deadline for Dbay Advisors Ltd takeover offer extended to December 18 from December 1. Commercial discussions are ongoing with Dbay, Telit adds. Also confirms discussions with Lantronix have been terminated.

    Earlier in November the Lantronix proposal was considered by the board of Telit, together with its financial adviser, Rothschild & Co, and rejected. However, at the time, Telit said it remained in discussions with Lantronix to explore a possible transaction which could be in shareholders' interests, adding that the consideration for any offer, if made, was likely to be Lantronix shares.

    Telit has also received an offer from U-blox Holding AG, priced at 250 pence per share.

    In mid-November, the Swiss-listed semiconductor manufacturer said it believes a combination of the two companies has a "strong strategic rationale and could result in substantial synergies for both organisations".

    Back in 2018, the Sunday Times reported that U-blox was considering a GBP150.0 million offer for Telit's automotive business.
  • s
    shlomy
    In 2018 expect double digit growth
  • E
    E
    Any news coming out? up 16%
  • s
    shlomy
    Revenue of $ 255 million compared to $ 238 million, the company reports that it will meet a target of $ 390 million to $ 400 million after absorbing $ 25 million as a result of restructuring.
  • s
    shlomy
    http://www.proactiveinvestors.co.uk/companies/news/190730/telit-confirms-numerous-parties-interested-in-snapping-up-its-automotive-division-190730.html
  • r
    ross
    sleepy would be an under statement. has this company flat lined?
  • V
    Victor
    what now?
  • G
    Gary M
    I got another "update" from the company today that is not showing up on the Yahoo news feed yet. Top line expected to be slightly better than prior revised estimates but they are going to lose tens of millions on restructuring charges.
  • G
    Gary M
    Down over 20% in the UK today because they want to "update" shareholders on why H2 will suck a lot worse than their optimistic guesses. I swear, I've held this stock for about 18 months now and I don't think I've ever had a press release that was good news for the shareholders. They cite the reason as being margins on new LTE products are less than those on 2G/3G. For some reason that is a surprise to them.
  • D
    Deacon
    They should merge with insg. Be a great merger.
  • G
    Gary M
    Scandal-hit Telit Communications is targeted in a '£1bn internet merger' by Sierra Wireless
    I hope it's just a straight buyout of Telit. Maybe I can recoup my losses.
    https://www.thisismoney.co.uk/money/markets/article-6146289/Scandal-hit-Telit-Communications-targeted-1bn-internet-merger-Sierra-Wireless.html
    Both are 'internet of things' companies, designing and making technology that allows machines to communicate with each other.
    Both are 'internet of things' companies, designing and making technology that allows machines to communicate with each other.
    www.thisismoney.co.uk
  • Y
    Yahoo Finance Insights
    TCM.L is up 5.81% to $134.80
  • T
    Tom
    I'm all in now. The trust will be restored soon. I'm looking forward to October 2nd, then Telit will reveal a new blue-chip-client on the "Telit IoT Innovation EMEA, Barcelona, Spain" summit
  • M
    Martin
    Why down 40 percent today?
  • j
    jordan
    yes now that the auto division is sold and the balance sheet / [lack of] debt looks good a merger with insg would make good sense/
  • Y
    Yahoo Finance Insights
    TCM.L is down 5.91% to 121.00
  • Y
    Yahoo Finance Insights
    TCM.L is up 5.49% to 123.00
  • S
    Smallplanet SA
    Sleepy 5g winner here...
  • I
    Ilan
    any reason for the most recent slip?