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Telit Communications PLC (TELT.L)

TELT.L on London Stock Exchange

330.75GBp
26 May 2017
Change (% chg)

-12.75 (-3.71%)
Prev Close
343.50
Open
340.50
Day's High
343.00
Day's Low
330.00
Volume
1,199,987
Avg. Vol
992,875
52-wk High
379.00
52-wk Low
180.00

Latest Key Developments (Source: Significant Developments)

Telit says to place 11.59 million shares
Thursday, 4 May 2017 12:06pm EDT 

May 4 (Reuters) - Telit Communications Plc ::Proposed placing of up to 11,59 million new shares in telit communications plc.Intention to conduct a placing of up to 11,593,000 new ordinary shares in company.New shares represent 10.0% of telit's current outstanding issued share capital..Has entered into a placing agreement with Berenberg and Canaccord Genuity limited to act as joint bookrunners.Following completion of transaction company has agreed to a lock-up of 180 days..  Full Article

Telit sees FY adjusted EBITDA between 15 pct to 32 pct higher
Monday, 8 Aug 2016 08:04am EDT 

Telit Communications Plc : HY revenues up 6.3 pct to $166.1 million versus $156.3 million a year ago . Interim dividend 2.5 cents per share (2015: nil) - 1/3 of expected full year dividend, based on 28 pct of mid-range adjusted EPS guidance . Sees FY revenues of $370-$390 million - increase of 11 pct to 17 pct . H1 adjusted EBITDA $21.4 million (H1 2015: $21.8 million) . H1 adjusted profit before tax $11.4 million (H1 2015: $13.9 million) .Sees FY adjusted EBITDA of $52-$60 million - increase of 15 pct to 32 pct and adjusted basic EPS of $24-$30 cents - increase of 11 pct to 38 pct.  Full Article

Telit Communications Plc to acquire Bluetooth and Bluetooth Smart
Wednesday, 13 Jan 2016 02:00am EST 

Telit Communications Plc:Says it has agreed to acquire Bluetooth and Bluetooth Smart, otherwise known as Bluetooth Low Energy, assets from Stollmann Entwicklungs und Vertriebs Gmbh.  Full Article

Telit Communications Plc wins appeal against Italian tax authorities
Monday, 14 Dec 2015 02:00am EST 

Telit Communications Plc:Says further to the announcement on Dec 5, 2014, the appeal filed by its Telit Communications SpA with Italian tax court against three VAT assessments raised against Telit Italy by the Italian tax authorities, have been upheld and the assessments were therefore annulled.  Full Article

Telit Communications PLC announces automotive contract wins
Monday, 2 Nov 2015 02:00am EST 

Telit Communications PLC:Says that it has recently secured supply agreements for its cellular modules with two tier-one automotive suppliers, with expected revenues of up to $33 million.  Full Article

Telit Communications PLC receives contract
Monday, 19 Oct 2015 02:00am EDT 

Telit Communications PLC:Says it has secured a supply contract valued at up to $220 million as one of the technology providers for the GB SMIP.Says supplies are expected to commence in Q4 2016 and continue through to the end of 2021.  Full Article

Telit Communications PLC gives FY 2015 outlook
Monday, 3 Aug 2015 02:00am EDT 

Telit Communications PLC:Expects FY 2015 revenues in the range of $347-$354 million.Expects FY 2015 adjusted EBITDA in the range of $42-$47 million.  Full Article

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