Directors dealings: Telit boss continues to amass stake
13th Sep 2016 16:07
(ShareCast News) - Telit Communications boss Oozi Cats purchased a large number of shares in the provider of wireless module technology for machine-to-machine or Internet-of-Things solutions. Following a large bounce in the stock price year-to-date, on 8 August the firm reported a sharp drop in inte
Read moreTelit Communications secures loan and grant from Italy
9th Sep 2016 13:11
(ShareCast News) - AIM-listed Telit Communications has been provided with a preferred loan of €12.8m and awarded a €3.6m grant by the Italian Ministry of Economic Development to further develop a platform for the application of Internet of Things technology. Telit said the loan will allow it to incr
Read moreCanaccord sees Telit Comunications bounce-back in US during second half
18th Aug 2016 10:47
(ShareCast News) - Analysts at Berenberg bumped up their target price for shares of Telit Communications after the company obtained certification for its LET Cat-1 solution in the US. Together with stronger seasonals in the backhalf of 2016 and a stronger US dollar the manufacturer of gear for the i
Read moreTelit Communications issues upbeat full-year guidance
8th Aug 2016 13:26
(ShareCast News) - Telit Communications reported a drop in profits at the half-year stage despite improved margins, as the company continued to invest in research and developments and due to setbacks in the ramp-up for some of its products in the US. Nevertheless, the company - as well as some analy
Read moreDirector dealings: Telit Communications chairman adds to stake
31st May 2016 14:55
(ShareCast News) - Telit Communication chairman Enrico Testa has shown his confidence that the company's hardware and software products are gaining traction with industry. Testa spent £226,500 to add 100,000 shares at a price of 226.5p to take his total ownership of the internet of things (IoT) comp
Read moreTelit talks up deal with enterprise software group
20th May 2016 11:31
(ShareCast News) - Internet of things company Telit Communications announced on Friday it has entered into an agreement with a major global enterprise application software group (EASG) to license and resell the Telit deviceWise platform. The AIM-traded company said the collaboration between Telit an
Read moreTelit shares boosted by impressive preliminary numbers
7th Mar 2016 14:18
(ShareCast News) - Telit Communications revealed a year of impressive growth on Monday, with the market sharing the firm's excitement over its 2015 preliminary results. The AIM-traded technology company, focused on the so-called Internet of Things (IoT), saw revenues rise 13.4% during the calendar y
Read moreTelit Communications acquires Bluetooth assets from German company
13th Jan 2016 09:26
(ShareCast News) - Telit Communications has announced it will acquire Bluetooth assets from German company Stollmann Entwicklungs und Vertriebs. The AIM-listed company announced the deal on Wednesday, which is for a non-material cash consideration. Telit will acquire the company's Bluetooth intelle
Read moreTelit Communications expects 13.4% jump in full-year revenue
11th Jan 2016 07:40
(ShareCast News) - Telit Communications has seen a 13.4% increase in revenue for the year to approximately $333.5m (£229.2m). The AIM-listed machine-to-machine communications company published its year-end trading update to 31 December 2015 on Monday. The increase in group revenues was driven by a
Read moreTelit to supply smart metering infrastructure project
19th Oct 2015 08:24
(ShareCast News) - Telit Communications has signed a deal worth $220m to supply the UK's Smart Metering infrastructure project. The AIM-listed company announced the contract with the £11.3bn project on Monday. The project proposes to install smart meters in homes and businesses across the UK, targe
Read moreTelit secures multi-million dollar Dutch contract
8th Oct 2015 08:53
(ShareCast News) - Telit Communications has secured a $30m contract to supply modules to the Netherlands for a leading smart meter vendors. The Internet of Things (IoT) enabling company will supply its CDMA 450 MHz modules and will be at the core of smart electricity meters. Dutch utility companies
Read moreTelit Communications trading in line after 20% YTD revenue growth
17th Oct 2014 08:13
AIM-listed wireless technology group Telit Communications said full-year results will be in line with expectations with year-to-date revenues having grown by a fifth. The company, which provides machine-to-machine (m2m) technology and Internet of Things (IoT) expertise, said that sales in the nine m
Read moreTelit Communications CEO continues to grow holding
8th Jul 2014 16:01
The Chief Executive and founder of Telit Communications has continued to expand his stake in the group with another two sizeable purchases. Oozi Cats, who last week spent £210.43m on shares, has this week made the more modest purchase of 200,000 shares in a deal worth £430,000, alongside the acquis
Read morePremier Foods non-exec makes show of faith
19th Jun 2014 15:58
Pam Powell, a non-executive director of Premier Foods, has acquired 74,369 shares in the group one day after it warned that sales of its key brands were set to fall short of expectations this year. Powell paid 53.5p for each of the shares, spending a total of £39,787. The modest show of faith ca
Read moreWife of CareTech Strategic Director reduces company holding
13th Jun 2014 16:29
Specialist care and housing support services group CareTech on Friday announced that a company wholly-owned by the wife of its Strategic Director, Stewart Wallace, has traded in 300,000 shares, reducing its stake to 32,750. Wallace's beneficial interest has been maintained at 473,374, but with his
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