Telit Comms CEO ups stake to 20.17%
29th May 2014 14:26
Telit Communications was a notable riser on Thursday after the group's Chief Executive Officer, Oozi Cats, increased his stake in the global wireless technology company by 7.8m shares. The increase came after Cats acquired 50% of Boostt BV's shares, the effective price of which was around 280p each
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreFull-year profit surge at Telit Communications
17th Mar 2014 07:46
- Pre-tax profit surges 145 per cent - Performance enhanced by recent acquisitions - Confident about the current year outlook Wireless technology provider Telit Communications booked a sharp rise in pre-tax profit, helped by recent acquisitions, and said it is confident about further progress in t
Read moreSector movers: Imagination, ARM weigh on tech stocks
23rd Jan 2014 15:28
Steep falls from microprocessor heavyweights Imaginations Technologies and ARM Holdings sent the UK technology sector lower on Thursday. Imagination was down 5.6% at 193.7p before the close of trade, as the stock pulled back after an impressive 25% run over the last month. Nevertheless, including
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreTelit Communications on track for full-year
10th Oct 2013 07:41
Wireless tech firm Telit Communications lifted quarterly revenue and said it continues to expect that trading for the full year 2013 will be in line with market expectations. The London-based firm said revenues for the three-months ended September 30th rose to $62.5m from $51.4m a year earlier. For
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreTelit on track to hit full year targets
10th Oct 2012 07:11
Wireless tech firm Telit Communications has provided a positive trading update, saying that the trading outlook for the full year is in line with market expectations. Consensus estimates for the full year ending December 31st 2012 are for revenues of £127.4m with pre-tax profits of 5.81m. Earnings
Read moreTelit first half powers ahead
10th Sep 2012 07:35
Wireless tech firm Telit Communications ramped up first half revenue and adjusted pre-tax profit and said the outlook for the rest of the year remains positive. The machine-to-machine (M2M) firm, which wirelessly connects devices to a network to enable monitoring of real-time information for equipm
Read moreSmall caps round-up: Lighthouse, Verona Pharma, Manroy...
9th Jul 2012 10:25
Shares in Lighthouse Group, the financial advice and wealth management group, plunged on Monday after the company proposed to cancel its listing on AIM. The group must receive approval from shareholders representing at least three-quarters of the company's shares for the cancellation to be approved.
Read moreForum director exercises options over one million shares
29th May 2012 16:06
Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known r
Read moreTelit profits whacked by acquisition costs
26th Mar 2012 07:48
Annual pre-tax profit more than halved at Telit Communications, a machine-to-machine (M2M) wireless tech firm, after higher costs related to acquisitions. The group, which last month announced a global strategic partnership with Telefónica, said pre-tax profit fell to $2.2m in the year ended 31 De
Read moreTelit Communications sets up direct line to Telefonica
28th Feb 2012 13:37
Telit, a machine-to-machine (M2M) communications firm, has announced a global strategic partnership with Telefónica, a world leader in telecommunications, to offer the premium value-added services, customer support, module innovation and global connectivity previously reserved for larger firms. The
Read moreTelit Comms taps into GPS market with US acquisition
21st Dec 2011 08:35
Machine-to-machine (M2M) wireless tech firm Telit Communications is to buy GPS modules and solutions group Navman Wireless OEM Solutions for $3m in cash. "The acquisition of Navman's technology and its US-based executive engineering and sales staff will make Telit a major contender in the GPS marke
Read moreThursday tips round-up: Imperial Tobacco, M&C Saatchi, St Ives
22nd Sep 2011 06:26
Shares in Imperial Tobacco have lost almost 10% of their value since mid-May, mainly because of fears of a price war in Spain. The good news yesterday was that the war ? Imperial prefers the word "skirmish" ? is over. The shares, up 10p to £20.12½, are yielding 4.7 per cent for the current year, whi
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