Finals and Dividend Soon2 Mar 2023 09:41
This company appears not to get much attention. I listened to the podcast from Mark Atkinson , and I have been invested at different times over the last 5 years in MWE. The company ticks a lot of boxes for me as an investor, but because it is an Israeli company listed on the LSE might cause many to approach with caution. However I am particularly positive about their involvement in Water Management. Having worked in Israel for many years ago, I was able to see at first hand, how the land was transformed into growing all sorts of fruits and vegetables. The fact that they have been developing systems which optimize water usage is significant. The contract with The Israeli Ministry of Defence is a solid income stream as well. I am also attracted to this company for it’s spread of risk in several in vogue technological developments with patents. MWE took a hit about this time last year, and the share price plummeted to a little below what it is currently trading at,- when the Russian business closed, but this only accounted for a small % of turnover, and has been easily made up. As a moderately adverse risk relatively small value investor, IMHO MWE is worth a punt. Only a small volume of shares can move the price quite considerably, with finals up in couple of weeks, and a dividend on offer, this should be a buy. Investors Chronicle continues to think so too. Stick with it!