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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 :)
RNS just out - the AGM will be on 19th April. Most importantly:
"the Company intends to make available a facility for shareholders or depositary interest holders who register their interest in advance to watch and listen to the AGM and the EGM live over a webcast and ask questions during the meeting. In order to make this more efficient the Board encourage the shareholders to submit questions in advance as part of their webcast registration information."
Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Notice-of-shareholder-me/84516200
Spirent buys Octoscope in the USA. Sparks 8% uplift in SPT shares
Telit Comms was the subject of 3 undervalued failed bids from around the World ,one from Israel
Thats optimistic, based on what?
This should be over 90p by the end of day!
Maybe 93p today ....
Glad to see a share without silly mm games holding it back ......onward 100p
Techinvest newsletter should be out on Sat 6th March with update on shares
and their recommendation
This is a winner... adding more
Just got some of this stock at 80p today it’s doing well ... 100p target here we come!
"True, MTI’s antenna business only made a small operating profit of $0.16m on revenue of US$11.2m, but it’s winning contracts including one with a new North European customer for military antennas. The business is also starting to pick up larger contracts for 5G backhaul antennas, which support mobile phone operators roll-out of their 5G networks, helping to transfer the data from mobile users to the operator’s network. MTI has sales arrangements with four of the seven manufacturers of mobile infrastructure networks, so is well placed to benefit from an expected surge in demand as operators upgrade their cellular network infrastructure to 5G.
Another feature of MTI’s results was far better-than-expected closing net cash of US$9.4m (7.6p a share), which smashed house broker Allenby Capital’s US$7.6m forecast. Furthermore, with analyst David Johnson expecting pre-tax profit to surge 21 per cent to US$4.9m on 6 per cent higher revenue of US$43.4m in 2021, then cash will continue to build. Indeed, Mr Johnson lifted his 2021 closing net cash estimate by 22 per cent to US$10.4m (8.4p) and his 2022 forecast by 28 per cent to US$12.2m (10p). On this basis, MTI’s shares are rated on a cash-adjusted price/earnings (PE) ratio of 23.5, falling to 20.5 in 2022. In addition, with MTI’s cash position outpacing expectations, it’s not only good for dividend prospects – 2020 final dividend was hiked 25 per cent to 2.5¢ (1.8p) a share – but is value accretive to shareholders.
MTI’s shares have doubled in value since I initiated coverage (Alpha Report: ‘Tapping into 5G and climate change technologies’, 4 Sep 2020), and I feel that the re-rating has 20 per cent further to run to my new 100p upgraded target price. Buy."
in the IC today:
Https://www.investorschronicle.co.uk/ideas/2021/03/01/small-caps-with-upgrade-potential/
"Small-caps with upgrade potential
Earnings momentum is the key driver of share prices, so it pays to know when a company is likely to beat expectations. Simon Thompson highlights two small-cap companies where both the earnings and investment risks are pointing to the upside.
March 1, 2021
By Simon Thompson
Significant upgrades to net cash position
Better-than-expected adoption of wireless water control systems
Chief executive Moni Borovitz of Israeli-based technology group MTI Wireless Edge (MWE:83p) was in bullish mood during our results call. He has every reason to be, having reported 19 per cent higher annual pre-tax profit of US$4.05m (£2.9m) despite the impact on sales in certain markets due to the Covid-19 pandemic. Although cost savings flattered the bottom line, Mr Borovitz notes that over US$300,000 of savings made will be permanent.
He also highlights multiple growth drivers that should underpin another year of stellar growth. For example, MTI’s wireless water control and management systems that address water scarcity by using Motorola's IRRInet state-of-the-art communication technologies are proving a hit in French vineyards. Having launched its Tethys product in the country last year, the system is already installed in 500 vineyards, an outcome that is “much better than we expected”.
The technology is proving a big hit in the Americas, too, hardly surprising given the twin effects of climate change and water scarcity. The opening of a new office in Alberta, Canada, places MTI in a good position to win more business. MTI has also been winning new service contracts for municipalities (remote water irrigation systems for parks, for example) in Australia, Israel, and Asia. MTI’s water control division increased operating profit by 23 per cent to US$1.92m in 2020 on slightly lower sales of US$16.2m, and looks well set to deliver another year of strong growth in 2021, and well beyond.
The same is true of MTI’s Summit electronics division, which represents 40 international suppliers of radio frequency/microwave components and sells these products to customers in Israel and Russia (fifth of divisional revenue). The majority of design wins are for defence-related systems and new wireless applications in commercial markets. For example, a key specialist area of expertise is the tethered balloon sector (15 per cent of divisional revenue), a segment that is expected to continue making a strong contribution during 2021. MTI is also cross-selling its wider product offering to clients to boost sales.
MTI Summit has strong operating leverage, whereby increasing amounts of incremental gross margin earned convert into operating profit as sales rise. This explains why the unit delivered 31 per cent higher operating profit of US$1.6m on revenue up 18 per cent to US$13.7m in 2020."
tbf, you always think *all* the companies you follow are "in a great position"...always
& that isn't how this game works
tp 57p
Excellent presentation on InvestorMeet today. It's ironic that most people are (rightly) expecting great things from 5G and water management, but it's been the Consultancy division which has really taken off over the last couple of years and looks likely to continue thrive.
I feel that MWE are in a great position now, given that not only are they intmately involved in fast-grwoing sectors, but this year onwards their already impressive 19% PBT growth should be further accelerated by the rebound from the pandemic.
Net cash is forecast to be almost $10.5m at the end of this year. MWE's acquisitions to date have worked out extremely well - another one will hopefully be more sizeable and enhance earnings nicely.
EV/fcf >25...perhaps even 30 (depending as ever on how you claculate it lol eg payment of leasde liabilities)
dyor work
Does its growth potential really justify these heady multiples??
tp 57p (but I'll be rebuying before then ofc)
Very good results in the face of the pandemic, with PBT up 19%, revenues ahead of expectations - and net cash way ahead of expectations at $9.4m.
Most importantly:
"The first two months of 2021 have started well and we look forward to delivering another year of solid growth."
The $9.4m cash pile is a sizeable part of the £73m m/cap (alongside the $2.7m freehold property). Prospects for all 3 divisions - antennas and 5G, water management and consulting - look very good indeed.
Allenby Capital have raised their fair value/price target to 95p (from 63p).
Their historic adjusted 2.72p EPS is presumably less than forecast 3.39p due to the Antenna and Mottech divisions' COVID-affected results. They see 3.16p EPS this year, so that's a current year P/E of 23.7 after stripping out the roughly 8p per share cash pile.
Given the prospects - and the likelihood of a post-COVID bounce, particularly given the huge vaccination programme success in Israel - that's a reasonable P/E imo, especially in the current market.
I like the results, it's a profitable company. Let's see what happens.
A brief update today from Allenby about the Canada office RNS - not worth copying in itself, but they do confirm that the 2020 results will be out on 1st March, and:
"Please get in contact if you would like a meeting with management"
Http://www.allenbycapital.com/research_1153_3126323963.pdf
Very nice bounce.
really??
not now at nose bleed heights,
but still plenty of ground to retrace
tp 67p to buy back a few (and lower to load up again)
PS. And I don't think water is in the price.