Telit like it is......Is there a downside?

Tuesday, Aug 19 2014 by
1

I'm the newby round here and so far I have put together a small list of stocks to watch. I can't for the life of me find anything wrong with Telit Communications TCM and can see it doubling over time. Even in the short term maybe 25% but thats a gut feeling which is hardly a reliable indicator. Everything seems to be rising and it's products will surely be in demand. Can somebody give me a good reason not to buy this stock?

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Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT). The Company is organized into three geographical segments: EMEA, APAC and Americas. Through its business unit m2mAIR, Telit provides platform as a service (PaaS), including M2M managed and value added services, application enablement and connectivity, including mobile network side and cloud backend services. Its modules are integrated in a range of applications, including asset tracking, remote industrial monitoring, automated utility meter reading, insurance telematics, consumer electronics and mobile health devices. more »

LSE Price
163.2p
Change
2.3%
Mkt Cap (£m)
215.7
P/E (fwd)
25.8
Yield (fwd)
n/a



  Is LON:TCM fundamentally strong or weak? Find out More »


2 Posts on this Thread show/hide all

Ian4321 20th Aug '14 1 of 2
1

At its current price of 252p the company seems to be reasonably well valued by the market (240p would appear to be fair value in my opinion, although if I were buying I would prefer the 227-237p range). The attraction is really the long-term potential. It is currently enjoying a rising price trend. Its sales growth and forecasted earnings growth are excellent. Revenues are increasing. The increase in net debt, according to the company, is mainly due to the ATOP acquisition and the required growth in working capital. The Board has already announced the interim results (to 30 June 2014) and stated that trading for the full year 2014 will be in line with expectations. The company is on my watchlist but I don't currently hold any shares in it.

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fifthcolumn 20th Aug '14 2 of 2

In reply to post #85527

Thanks for responding. I agree with your assessment and would prefer it to be around the 220 mark when I buy in, that's if I havn't missed the boat already. Telit has already made some huge gains. I'm half expecting some of this froth to be knocked off soon but I could be wrong. Definitely think it has a future considering it's products.

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