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Even more significant than the amount is the higher margin achieved selling direct rather than through a reseller, and also that these are recurring revenues via service contracts. The City loves to see increasing recurring revenues....
And there's also the promise of "increased revenue from equipment sales" from the Canada office:
Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Canadian-Contract-Win/85304782
In the US, for a week, and downtown Boston, New York and presumably surrounding areas are showing excellent on-going buildout of 5G. I've no insight on the q of MWE in this mix, but the sector is showing great expansion in the above cities.
I've amended my calculations for the Q1 figures.
MWE have around a 7.7p per share cash pile (plus a sizeable freehold property as extra asset value back-up).
At 64p, that puts MWE on a current year ex-cash P/E of 17.9, dropping to a forward P/E of 16.1.
And that's without any further upgrades.
Taking into account sector ratings in MWE's growth sectors of 5G, water management etc I'd say that's rather good value now.
Looks like the seller is out and the bounce has well and truly started.
RNS just out - good to see MWE commencing buybacks again. It's bought back 50,000 shares at 61p.
Which tells you that the company too believes the shares are cheap now:
Https://www.investegate.co.uk/mti-wireless-edge--mwe-/rns/transaction-in-own-shares/202106031142137515A/
It would be great if they could find a use for the cash pile, be it an acquisition, buybacks or a dividend.
"MTI has a market-cap of just £52m. But unlike many small-cap tech stocks, MTI Wireless has a 15-year history on the London market and has been profitable every year since 2013. That’s quite an unusual combination — I reckon this dividend-paying stock could be worth a closer look for me".
https://uk.finance.yahoo.com/news/happened-mti-wireless-edge-mwe-083255527.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Good to see the intra-day reversal and a tick up now.
MWE have around a 10.7p per share cash pile (plus a sizeable freehold property as extra asset value back-up).
At 60p, that puts MWE on a current year ex-cash P/E of only 15.7, dropping to a forward P/E of 14.1.
And that's without any further upgrades.
Taking into account sector ratings in MWE's growth sectors of 5G, water management etc I'd say that's extremely value now.
A few weeks ago Herald ,Vela and other institutions were happy to invest at 80p. Looks as if their timing was out on this occasion.
M.T.I Wireless Edge Ltd.'s (LON:MWE) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
https://simplywall.st/stocks/gb/tech/aim-mwe/mti-wireless-edge-shares/news/mti-wireless-edge-ltds-lonmwe-stock-has-shown-weakness-latel
Joined you today. An initial lot anyway. Let’s see how it goes.
https://twitter.com/surprised_trade/status/1400091252700418048
new holding MWE ........value gap appeared on recent sp drop, broker see's fair value at 95p, me too :-)
CHRI55 wishful thinking
Buy at sub 60p, this IMHO is a Buying Opportunity. Although Sales to Buys of shares today are in the ratio of 3:1, the volume is very low. Sit tight, and top up. I will being doing this.
Some of the bigger investors have also sold down there investments and taken profits in late March.
I am in fairly low so debating selling out and reentering when things look better.
What is going on here?
Minimal news but shares crashing having closed at 90p on 15th March.
Management sell a block at 80p and now 58p bid.
Allenby Capital have issued a new update summary, with a 95p target:
Http://www.allenbycapital.com/research_1224_1267423250.pdf
"MTI Wireless Edge Ltd* (MWE.L, 68.0p/£60.2m)Q1 update:
Solid start to FY21 and outlook positive (19.05.21) Note published
Allenby Capital comment: Solid start to FY21 by MTI Wireless Edge Ltd, the technology group specialising in comprehensive radio frequency communication solutions across multiple sectors, with Q1 revenue growth of 4% to $9.95m and EBIT +14% to $0.96m, reflecting operational gearing.
There was strong cash generation with net cash up 10% to $9.95m despite paying the FY20 dividend of $2.2m in March (the FY19 dividend was paid in April 2020). Each of the three divisions (Antennas, Water Solutions (Mottech) and Distribution & Consultation (MTI Summit)) remained profitable with the bulk of the growth coming from Mottech.
The outlook remains positive with structural growth drivers for each division (5G roll out, water scarcity and growth in the international defence market) and the disruption caused by COVID-19 is starting to dissipate.
Forecasts and fair value of 95p/share remain unchanged, equivalent to an FY21 EV/EBITDA of 19.1xfalling to 16.9x in FY22. The current share price offers a yield of 2.8% in FY21 and 3.0% in FY22."
MWE have around a 10.7p per share cash pile (plus a sizeable freehold property as extra asset value back-up).
At 63.5p, that puts MWE on a current year ex-cash P/E of only 16.8, dropping to a forward P/E of 15.1.
And that's without any further upgrades.
Taking into account sector ratings in MWE's growth sectors of 5G, water management etc I'd say that's rather good value now :o))
There's obviously been a seller or two out there recently, but imo that is now giving buyers a terrific opportunity.
Interesting review of the quarter by Moni Borovitz on 'investor meet company', late last week. The professional/ consulting services and sales to the military had been a little problematic (Covid) but these headwinds are easing. All other operations looking good and revenue growth forecast high single/ low double digits with profits ahead of that.
Allenby Capital this morning see a fair value of 95p and have retained current forecasts:
Http://www.allenbycapital.com/research_1221_4209854572.pdf
"Outlook: The growth drivers for each division remain in place –Antennas (global roll-out of 5G), Mottech (water scarcity and the need for efficient irrigation) and Summit (increases in defence spending and the particular reliance on wireless technologies in the sector).MTI is well funded to grow organically and potential via M&A."
MWE have issued an excellent Q1 trading statement:
Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Q1-2021-Financial-Result/85151974
- Q1 PBT up 25% and EPS up 20%
- the cash pile is up 10% to $9.5m, even despite paying a $2.2m dividend!
- 5G implementation is accelerating
- water management also growing fast
- distribution doing well with a very bullish outlook
As summed up by:
"Looking ahead, we believe the Company's clear focus on providing radio frequency solutions coupled to being diversified across several markets positions us well to continue to grow and expand through a mix of acquisition led and organic growth."
Very happy with that.
Scooby. I can't trade out of any of the 10 trust I hold on I web has been like that for about 2 months. Have tried to operate on a brand you computer it still doesn't work. Pratically impossible to communicate with most of the time. if it works for you thats fine. I'd rather they charged a bit more invested in more staff and got a platform that works properly. There has been issues with transferring money. Security is a concern too. Compared to Jarvis or even their parent company Lloyds Internet, they are way behind.
@oogle - nothing wrong with iweb pal - only time they screwed me up was on vaccine day - nov 9th - then again - they weren't the only online platform that crashed on that day.
Dire. Whatever you do don't go to IWEB, They are terrible . cheap but terrible. I am transferring to Jarvis where I was 10 years ago. Twice the price at £10 a trade but at least they communicate. You can try Toro which is free allegedly, but I think thats mostly for phone app traders. My kids use it to buy all kinds of toot in the USofA.
Anyone got a view on whether the conflict with Palestine will halt production or benefit sales?