Has the market been overly harsh to Telit Communications (TCM) in the past year? Its chairman believes so, and at the end of last month shelled out for £226,500-worth of new stock in an effort to get some momentum back into the share price. Following the purchase, Enrico 'Chicco' Testa now owns 1 per cent of the wireless technology group.
That values his holding at £2.73m at the current share price. Like all Telit shareholders, Chicco will feel that that number should be higher, given the company's heady track record of revenue growth in recent years. What's more, the company has just signed two high-profile deals: certification for its LTE (Long-Term Evolution) module to be used on AT&T's wireless networks in the US, and an agreement to provide manufacturing giant John Deere with an 'Internet of Things' solution for its factories.
Canaccord Genuity expects Telit to post adjusted operating profits of $34.5m, giving EPS of 23¢ this year, up from $30.6m and 21¢ in the 12 months to December 2015.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Alecto Minerals * | Mark Jones (ce) | 01 Jun 16 | 12,500,000 | 0.08 | 10,000 | 25,750,000 | 0.577 |
Be Heard | Peter Scott (ch) | 27 May 16 | 645,161 | 3.10 | 20,000 | 16,644,776 | 2.552 |
Be Heard | Rodger Sargent | 26 May 16 | 2,419,355 | 3.10 | 75,000 | 8,151,355 | 1.250 |
BlackRock World Mining Trust Ω | Ian Cockerill (ch) | 27 May 16 | 8,653 | 229.80 | 19,885 | 36,789 | 0.021 |
British Land Co | Aubrey Adams | 01 Jun 16 | 10,000 | 730 | 73,000 | 30,000 | 0.003 |
Caledonia Investments ♥ | William Wyatt (ce) | 26 May 16 | 1,000 | 2,410 | 24,100 | 1,084,654 | 1.959 |
Capital & Regional ♥ | Louis Norval | 31 May 16 | 2,000,000 | 60 | 1,200,000 | 133,960,303 | 19.143 |
Dods | Sir William Wells | 26 May 16 | 400,000 | 11.75 | 47,000 | 2,472,000 | 0.726 |
Electra Private Equity | Edward Bramson (ce) | 26 May 16 | 42,719 | 3,794 | 1,620,759 | 11,420,493 | 28.359 |
Greka Engineering & Technology ♥ | Randeep Grewal (ch & ce) | 01 Jun 16 | 1,250,000 | 0.80 | 10,000 | 359,701,230 | 87.813 |
Greka Engineering & Technology ♥ | Randeep Grewal (ch & ce) | 26 May 16 | 1,278,669 | 0.80 | 10,229 | 357,849,230 | 87.361 |
Gresham Computing ♥ | MME Royde | 26 May 16 | 60,000 | 99.33 | 59,600 | 7,067,664 | 11.170 |
Harworth | Andrew Cunningham | 01 Jun 16 | 15,757 | 95.19 | 14,999 | 15,757 | 0.005 |
Homeserve | Mark Morris | 26 May 16 | 25,862 | 488.40 | 126,310 | 60,093 | 0.020 |
Hostelworld | Andy McCue | 31 May 16 | 25,000 | 181.50 | 45,375 | 25,000 | 0.026 |
Hostelworld | Feargal Mooney (ce) | 27 May 16 | 84,000 | 180.25 | 151,410 | 240,033 | 0.251 |
HSBC Holdings | Dr. Joachim Faber | 31 May 16 | 20,827 | 449.52 | 93,622 | 66,605 | <0.001 |
Ithaca Energy Inc | Jack Lee (ch) | 30 May 16 | 16,900 | 65.49 | 11,068 | 1,649,500 | 0.401 |
Ithaca Energy Inc | Jack Lee (ch) | 27 May 16 | 82,600 | 65.59 | 54,174 | 1,632,600 | 0.397 |
Marshall Motor Holdings | Daksha Gupta (ce) | 26 May 16 | 7,700 | 193.80 | 14,923 | 701,210 | 0.908 |
Marshall Motor Holdings ♥ | Daksha Gupta (ce) | 26 May 16 | 7,700 | 193.80 | 14,923 | 708,910 | 0.918 |
Minds + Machines | Guy Elliott (ch) | 26 May 16 | 300,000 | 10 | 30,000 | 23,300,000 | 3.080 |
Porta Communications ♥ | Bob Morton (ch) | 26 May 16 | 1,500,000 | 5.75 | 86,250 | 44,436,318 | 15.922 |
Primary Health Properties | Nicholas Wiles | 26 May 16 | 25,000 | 106.50 | 26,626 | 25,000 | 0.004 |
R E A Holdings | MA Parry | 01 Jun 16 | 5,325 | 285 | 15,176 | 31,147 | 0.085 |
R E A Holdings ♥ | MA Parry | 01 Jun 16 | 6,196 | 285 | 17,659 | 37,343 | 0.102 |
Restaurant Group (The) | Graham Clemett | 01 Jun 16 | 14,218 | 351 | 49,905 | 14,218 | 0.007 |
Sinclair Pharma | Jean-Charles Tschudin | 27 May 16 | 97,000 | 36.25 | 35,163 | 3,350,140 | 0.674 |
St Ives | Nigel Pocklington | 31 May 16 | 10,000 | 100.25 | 10,025 | 10,000 | 0.007 |
Surgical Innovations | Nigel Rogers (ch) | 26 May 16 | 1,140,000 | 1.75 | 19,950 | 2,905,273 | 0.596 |
Surgical Innovations | Paul Hardy | 26 May 16 | 1,140,000 | 1.75 | 19,950 | 2,913,973 | 0.598 |
Telit Communications | Enrico Testa (ch) | 27 May 16 | 100,000 | 226.50 | 226,500 | 1,155,500 | 1.006 |
Treatt | Daemmon Reeve (ce) | 26 May 16 | 8,103 | 187 | 15,153 | 152,435 | 0.289 |
Vesuvius | Douglas Hurt | 31 May 16 | 9,000 | 347.17 | 31,246 | 9,000 | 0.003 |
Vesuvius ♥ | Douglas Hurt | 31 May 16 | 9,000 | 347.17 | 31,246 | 18,000 | 0.007 |
Witan Investment Trust | RW Boyle | 27 May 16 | 2,067 | 732.78 | 15,147 | 54,729 | 0.030 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
ASOS | Nicholas Robertson | 26 May 16 | 1,305,000 | 3,525 | 46,001,250 | 5,496,414 | 6.588 |
Centamin | Josef El-Raghy (ch) | 31 May 16 | 12,595,714 | 98 | 12,343,800 | 58,849,372 | 5.108 |
Daily Mail and General Trust | K J Beatty | 27 May 16 | 36,057 | 667.58 | 240,708 | 95,926 | 0.028 |
RTC | Andy Pendlebury (ce) | 01 Jun 16 | 252,500 | 70 | 176,750 | 798,663 | 5.570 |
RTC | Sarah Dye (fd) | 01 Jun 16 | 100,000 | 69 | 69,000 | 43,000 | 0.300 |
Zoopla Property ♥ † | Robin Klein | 27 May 16 | 14,411 | 322.12 | 46,421 | 512,052 | 0.123 |
Zoopla Property ♥ † | Robin Klein | 27 May 16 | 46,358 | 320.40 | 148,531 | 465,694 | 0.111 |
Zoopla Property ♥ † | Robin Klein | 31 May 16 | 48,814 | 329.01 | 160,601 | 416,880 | 0.100 |
Zoopla Property ♥ † | Robin Klein | 26 May 16 | 113,364 | 332.76 | 377,230 | 526,463 | 0.126 |
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/Trust/ †Local Globe IV (transferee) and Kilda Inv's (transferer), both connected persons of R Klein |