UK 21:52 Friday, 6 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Following trading update disappointment from AIM-listed Regenersis plc a few months ago, I noted that it suggested the value of checking our such short positions updates – with there continuously having been a disclosed short position in Regenersis since November. Since August there has been such a position in Telit (TCM) and now…
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Comments
Swift
Hat tip to Shareprophets for this one – ignoring it has left me still in profit but very sharply below where I was.
However it does seem like a ballsy call by Morgan. The company is, even after the update, still looking at 30% growth in sales and and profit (not EBITDA!) and sitting on net cash.
Unless you don’t believe the numbers.
I do tend to believe them and hope that the recent share premium cancellation is a prelude to paying actual cash dividends which would add credibility.
But I am now going to take a very close look at another of my holdings which is on the shorting list!
Thanks
Alastair Kendall
Here is an interesting thing: JPMorgan short the stock on 10th August, then on October 14th Kabouter appear as a 7% shareholder. Who does Kabouter act for ….well that would be JP Morgan, not that their website tells you very much.
ALASTAIR KENDALL
Now here is another strange tale relating to Telit Communications following the short bear raid on their shares by JP Morgan. Since they sold short and then bought 7% of the company, Telit Communications have announced two US$ 200 million + contract wins, one with the UK government. Here is opening part of the latest press release issued this morning:
Telit Communications PLC
(“Telit” or the “Company”)
Automotive Contract Wins
Telit secures $220 million supply contracts with tier-one automotive OEMs
London, November 2, 2015 – Telit Communications PLC (AIM:TCM), a global enabler of the Internet of Things (IoT), is pleased to announce 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.
Ed Miller
Steve – If you haven’t already seen it, you will likely find Paul Scott’s recent entry – and the associated debate in the Comments section – for TCM in his Stockopedia Small-Cap Value Report blog for 6th Nov an interesting read:
http://www.stockopedia.com/content/small-cap-value-report-6-nov-2015-tcm-110730/
Disclosure: I still do not have any position in TCM, nor do I have any intention to take one.
Regards,
Ed Miller