Thank for the advise seadoc ( London bridge , i worked at the hospital there for 10 years )
Can not make out what the ***** meant lol.
I have just picked this share game up myself , never read a book on it.
I never stop researching have had my share of bad luck and losses .
Time is flying so i get 10 maybe 20 year comment.
Doing well lately and know i am getting better at it :-)
Hope you do well and Happy New Year.
Happy New Year. I have no knowledge of Tern but tend to avoid oil and software. Ten, perhaps nearer 20 yrs ago I was comparing two companies, one software (London Bridge?) and the other an old fashioned engineering company. The one board had salaries x3 higher and the other x3 more degrees (real ones!) including a couple of higher degrees. One did well, and got taken over at a profit (to me) the other did badly and also got taken over, at a loss to me. I avoid software (except that I do hold ACSO).
But you asked about SP (and if you spell it out you get a string of *****). Despite the obligatory first line about not holding, shorting and no intention of doing either I do assume Joshua, Mrs TW and Mrs NS (assuming he has one) all have accounts.
I used to read it most weeks when it was free, I did a couple of visits at £1.99 a pop but the site overcharged me so avoided for a while. However I really do think we are due a correction in the next year and the published short tips must be the lowest hanging fruit so for last month I pay all of 20p a day and have a small position with a spread-betting company, mostly short PURP, IQE, PDG, BCA and of course TCM (all featured almost daily on the blog) but also long a few in SOS and DEMG, not sure if either of those two have featured on the blog.
Over 30 years I have been a very lucky investor, and the more research I do the luckier I get.
Yes seadoc i still have some.
I see Nigel Somerville has it as a slam dunk sell.
Along with another of my holds Tern.
In truth i have fared better last year by not reading the SP blog as much.
I am always considering what they are about.
Whats your view of that blog.
Should of topped up last post in hindsight, good job they started charging and stopped reading .
They have been continually slagging it off...... up 4% today @ 195p
Wonder if Lucian is still short ?
How does one know they are truthful about what they state.
A comment at the FT, have done wonders for the share price 180.50p +
Telit attracts private equity interest
Potential bidders are circling UK tech company Telit Communications, with private equity buyers weighing up making offers for a large part of the business as a mystery Chinese investor continues to build a stake.....
BUZZ-Telit: the Hong Kong connection - Thu, 12th Oct 2017 13:05
** A little-known Hong Kong investor has built a 14 percent stake in troubled internet of things company Telit, according to filings, becoming its largest shareholder
** Run Liang Tai Management has overtaken former CEO Oozi Cats, who stepped down after it emerged he was indicted in a US mortgage fraud case, as top shareholder
** Cats has not disclosed any share dealing in his 12.9 pct stake since August 7
** Telit reported a shock H1 loss shortly before Cats' departure and has since warned on FY profits. Its shares are down more than 60 percent since May
** Run Liang Tai Management Limited was incorporated in April 2016, according to Hong Kong regulatory filings
** Its listed contact, Jian Xue, is the general manager of a Chinese chemicals company, Nantong Jiangshan Agrochemical & Chemicals Co, according to Reuters data
** One of Run Liang Tai's few publicly-disclosed investments is a stake of unknown size in Baidu subsidiary iQiyi announced in February 2017
** A number of other funds have taken stakes in Telit, though the seller remains unclear. Only Norges Bank Investment Management has disclosed sales of more than a million shares since the H1 loss and Cats' departure
** A spokesperson for Telit said the company was not able to provide more information on Run Liang Tai
Looks certain to be taken over to me. Management has lost all credibility and there is a black hole in the accounts, but there are really good businesses in here for which there will be takers. The price depends on how big the hole is - it could be lower than here.
Looking at the past 3 years Telit has made a lot of progress with IOT contracts including Tesla. The delay in certification of the chipset is worrying and hopefully shall be soon forthcoming, and nothing much has changed since the drop and Catz departure. The fact that he reinvested into the company prior to his forced departure was encouraging, as he should have greater incite than the private investor. Of course he has done well out of Telit in the past.
The timeframe in certificfication is the big question on cashflow - Does anyone have any info?
do you think that is management saying they might ask shareholders for more money later because of delayed approval ?
do shareholders think the management can ask shareholder for money when they look at the share graph ?
There were few problems during the six months to June but the primary one was the delayed approval of a new LTE chipset by a large supplier for the US market. Management still expects this chipset to gain carrier certification this year but did admit that any further delays would continue to negatively impact cash flow and profitability.
Management still expects this chipset to gain carrier certification this year but did admit that any further delays would continue to negatively impact cash flow and profitability.
the thing that is surprising is the share price, it looks as if the MM are trying to make a gradual lowering of the share price instead of it falling off a cliff price, i wondered if they are trying to slip in large sell orders to try and get individual shareholders to take up these shares ?
Question is whether it is a Globo scenario ie down and out or a WANDisco scenario where it hits a floor price and then recovers. Depends on whether TCM has real products which the market wants. ANy bets?
This uncertainty led management to guide for adjusted EBITDA anywhere in the wide range of $47m-$60m for the full year, depending on when the chipset gains approval. Considering EBITDA last year was firmly in the middle of this range at $54.4m it's still possible that the firm could salvage this year.
Over the long term, the market for IoT applications is astronomical. And Telit is still performing well, recently winning contracts from Tesla among other blue-chips. But as a relatively small player in the global hardware market, the company needs to grow quickly and gain scale, which delays of the kind encountered this year do not help.
Evening News market round up headline yesterday... "Telit back from the dead" ?
As US hedge fund Lazarus raised it stake.... now has 3.2% stake.
Lazarus Management ( Denver ) Invests in US and Israeli company's.
Just read TW take on it , he has disrespect for David Serra of Algebris.
Was below 3% now above 4% paid 160 to 180 after the recent allegations by Tom .
So its Tom vs David. whose your money on and the odds lol
Whats the form of each.
The share price in Telit must be a Market Makers delight.
The shape rise so quickly would price out the shorters.
and the sharp fall so quickly would price out the short term buyers
In the long term TW may be right, == short term trades are interesting to watch, especially as the amount of shares traded and posted were normal individual size trades, the large trades I see on my laptop seem to be posted after the market closes.
This guy should know what he is doing and if TCM are good enough for him, they'' do for me!
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 ...
I hold no shares neither am I short and frankly know little about the company. However I became interested when I read Winnyfroths stuff on share prophets. I am far from being a fan of his but sometimes he has got it right. The point I am aiming at is that when there is such an enormous choice for us to invest it appears to me very imprudent to buy a share with so many unanswered questions surrounding, it and the CEO and largest shareholders being on the run.
Whither it is going to zero as Winny suggests or not I would not touch it .
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