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I have doubled my holding based on the last update and beginning to think its gaining traction ..
MWE's Q1 results will be on 19th May. Great to see that not only will there be an InvestorMeet presentation, but also a specific case study on the Consulting Services division, perhaps the least easily understood of the three divisions but the one that's been performing the best:
Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Notice-of-Q1-Results-and/85081968
It's worth remembering the outlook from the results:
"Looking ahead, the business continues to be in a strong financial position with net cash of US$9.4m as at the year end. The Group's three divisions are well established, with experienced, autonomous leadership teams all utilizing the Group's core expertise in radio frequency communications and are all focused on taking advantage of attractive market trends within their respective sectors, namely: the roll-out of 5G cellular connectivity; tackling the growing global issue of water scarcity; and the increasing size of the international defence market. The first two months of 2021 have started well and we look forward to delivering another year of solid growth."
TU should be coming out shortly in the next few weeks.
We already know that the first 2 months of the new FY were good.
Therefore, likely to be a very positive TU.
Also, being one of Simon Thompson's buys always helps with his TP of 100p.
Techinvest's new issue is now out, so it should be OK to post the conclusion of their Buy recommendation for MWE from last month - this when the share price was 83.5p:
"MTI is a well-balanced business that has been in existence for fifty years. These latest resilient results reflect the benefit of the company’s diverse operations in markets where technical expertise is of prime importance. The company’s three divisions are well established, with experienced, autonomous leadership teams all utilizing the group’s core expertise in radio frequency communications and all focused on taking advantage of attractive market trends within their respective sectors.
These trends are: the roll-out of 5G cellular connectivity; addressing the growing global issue of water scarcity ; and increasing demand for technological solutions in the international defence market. While it is early days in the roll-out of 5G, the pandemic has underlined the importance of internet connectivity to support new patterns of working and schooling, and network operators are responding by rolling out higher bandwidth 5G services to their customers.
We believe that this presents a major opportunity for MTI’s multi-band and flat antennas, as operators will need to increase the backhaul connectivity between cell towers to deliver these faster services. Similarly, water scarcity is driving increasing commercial interest in Mottech’s water management products. Looking ahead, we feel that MTI is well placed to expand its business through a mix of acquisition-led and organic growth. Continue to buy."
Very good advice R. I sold way too soon just before Christmas, but still a 25% profit. So this was a welcome opportunity to pick up for a little more than I originally sold at. I suppose when they sell off a big batch like that it knocks out a few investors for a while, just like with CAPD. May take a while to climb all the way back but when she blows, she blows!
It seems obvious to me that there's simply been a seller or two dripping stock into the market. It's just a question of time and patience imo as to when the turn comes given the current valuation and MWE's attractiveness.
If you're a buyer it's a good time to accumulate a decent stake here given the availability of stock, which is not usually the case.
One's perception of when to buy now is dependent on (1) whether you're happy to take the risk of the share price dropping a further penny or two before the turn becomes apparent, or (2) whether you believe you can time your entry perfectly later for when the overhang is cleared, when stock may be a lot harder to come by in decent quantities. The latter may well already be under way given today's price rise.
No idea, but it would be lovely to pick yet more up at the 37p i paid last year :P
Any idea why we are seeing a gradual decline in price...
I agree rivaldo. Prior to the placing of a block at 80p the shares were riding nicely at the 90p level.
Perhaps 90p was a little high but 80p was fair value.
Oversold and a great time to enter or top up.
Following a recent drift the m/cap is now £64m. MWE have a £7m cash pile. With 3.16p EPS forecast this year, the ex-cash P/E is now down to around 19, which is pretty good value for a growth company expecting a number of years of sustained growth in 5G/antennas, water management and defence/tech consultancy.
Plus MWE have a $2.7m freehold property as further asset backing.
Plus the share price is now well below the 80p which Herald and other institutional investor were willing to pay for a large block of shares only last month.
Further deployments of Nokia's AirScale 5G announced across South Korea - in partnership with LG:
Https://www.investegate.co.uk/nokia-corporation/gnw/nokia-to-deploy-indoor-5g-small-cells-solutions-with-lg-uplus-in-south-korea/20210419020000H9031/
"The compact and flexible nature of the ASiR indoor system means it can be deployed quickly in strategic locations when additional capacity is required and is ideal for both consumers and enterprise customers. ASiR facilitates a simple service upgrade to 5G New Radio with minimal on-site working if required, and features a web-based manager, enabling remote configuration without need for a separate application - making it an ideal replacement for traditional, complex and expensive distributed antenna system (DAS) systems - with flexibility further enhanced by cell combination and splitting.
DaeHee Kim, S enior V ice P resident , Head of Network Infra Technology Group, LG Uplus, said: “Nokia’s AirScale system will help provide seamless 5G connectivity in indoor locations and environments. Its cost-effective, flexibility and compact design enables us to enhance our 5G offering.”
Tommi Uitto, President, Mobile Networks, Nokia, said: “We are delighted to have been chosen by LG Uplus to provide infrastructure that will be critical to a seamless 5G experience. Having worked with LG Uplus on a number of other recent projects, we believe the AirScale system is the right choice to complement existing solutions and enable next generation 5G connectivity.”
thank you rivaldo - trailing off a bit since I got in, but I can stomach that on a stock like this with a lot of upside potential. Preparing for it to move abive the 20day SMA.
Welcome FortKnight. Up again today, and the long-term chart uptrend looks nicely in place.
Hi - I got in to this yesterday after seeing steady gains. Of course would have loved to get in sooner, but hey, can only have so many in your portfolio at one time. Onwards and upwards, Hoping the last couple of weeks has just been a resting point on the way up.
Up 3p already today and looking strong - the long-term chart uptrend still looks good and the share price has bounced nicely from that rising line.
tp 67p
MWE 1 year target price 97.029p and CLX 496.5p
Feared I had missed the boat with this and still in two minds whether to choose MWE or CLX for exposure to 5G technology. CLX too high just now but potentially higher upside than much smaller MWE. Keeping my eye on MWE now the SP is reaching a more realistic entry point for me.
Indeed, very good to see, I wonder if Miton has also increased.
Great to see that the highly respected Herald Investments have increased their position here. They now have 4.46m shares (5.04%), an increase of 630,000 shares from the prior 3.82m shares:
Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Holdings-in-Company/84674527
I'm also in Vela, hoping somebody here would be kind enough to give us a little summary of MWE on the whole?
I see the SP has doubled in the past 6 months, so they must be doing something right.
Agreed, the right way to handle a relatively small sale of shares.
Excellent integrity from the CEO and board and underpins the share price.
I can see that Vela Technologies have announced a £200k investment here.
I am a buyer of more in the coming days.
Great to see such interest in MWE's shares from "institutional and other investors" at 80p. This should put a new floor on the share price and will add liquidity and general investor interest here.
Various directors etc have sold only small proportions of their holdings, which is quite understandable after such a vertiginous share pruce rise and given the previous lack of liquidity. They all still have very substantial ownership of the company.
The post-results presentations MWE talk about today must have been extremely well received!
Nice profit ... keep it going :)
Took a wile but over 90p will have a small top slice :)