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MWE Mti Wireless Edge Ltd.

47.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mti Wireless Edge Ltd. LSE:MWE London Ordinary Share IL0010958762 ORD ILS0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 47.00 91,566 00:00:00
Bid Price Offer Price High Price Low Price Open Price
46.00 48.00 47.00 47.00 47.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 46.27M USD 3.72M USD 0.0421 11.16 41.55M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:34:21 O 50,000 46.30 GBX

Mti Wireless Edge (MWE) Latest News (1)

Mti Wireless Edge (MWE) Discussions and Chat

Mti Wireless Edge Forums and Chat

Date Time Title Posts
14/3/202412:00*** MTI Wireless Edge ***1,450
30/3/201920:38MTI WIRELESS - WORLD CLASS ANTENNAS1,895
05/8/201812:43MTI Wireless (MWE) One to Watch on Monday -
20/6/201714:18MTI WIRELESS EDGE LTD, Tech Growth Share.469
11/10/200810:02Heading down again?68

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Mti Wireless Edge (MWE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 17:15:0046.3050,00023,150.00O
2024-03-18 16:34:2247.5025,00011,875.00O
2024-03-18 14:18:2547.067,7093,627.47O
2024-03-18 14:00:0147.4015,0007,110.00UT
2024-03-18 12:35:2147.673,1461,499.70O

Mti Wireless Edge (MWE) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Mti Wireless Edge Daily Update
Mti Wireless Edge Ltd. is listed in the Communications Equip, Nec sector of the London Stock Exchange with ticker MWE. The last closing price for Mti Wireless Edge was 47p.
Mti Wireless Edge currently has 88,398,585 shares in issue. The market capitalisation of Mti Wireless Edge is £41,547,335.
Mti Wireless Edge has a price to earnings ratio (PE ratio) of 11.16.
This morning MWE shares opened at 47p
Posted at 14/3/2024 12:00 by rivaldo
Good to see the share price rising again on reasonably small volumes, and buyers paying the full 45p offer price - hopefully signs that there's not much stock around.
Posted at 13/3/2024 09:54 by rivaldo
Having listened to the presentation, here's a few points I thought were interesting (in no particular order - any corrections welcome!):

- MWE have had a "very strong" start to 2024
- defence-related revenues were up to 44% of the total last year
- MWE are one of only 2 competitors in India for 5G backhaul business, as one other was disqualified last year for concerns over quality
- the October 7th attacks caused much destruction of not only telecoms equipment and towers, but also agricultural equipment and irrigation systems. Orders to replace these are now coming through
- more fountain projects are likely, firstly in Israel and then internationally. These have very nice recurring income
- Israeli defence budgets are being "increased dramatically"
- all R&D is expensed, not capitalised
- MWE are ready to look at more acquisitions, which will only be profit-enhancing
- the dividend has grown 110% since 2018
Posted at 12/3/2024 08:42 by rivaldo
MWE have just been tipped by the Investors Chronicle's Simon Thompson:



"MTI is a smart play on the defence spending boom

This technology group is rated on a single-digit earnings multiple even though it is delivering double-digit profit growth, and offers a 6.1 per cent dividend yield

March 11, 2024
by Simon Thompson

Annual pre-tax profit up 12 per cent to $4.8mn
EPS rises 9 per cent to 4.58¢
Net cash of $8.1mn (9.2¢)

The latest results from Israel-based MTI Wireless Edge (MWE:40p) highlight the benefits of diversification as growth from the technology group's antennae and water management systems units more than mitigated a weaker performance from its electronics division.

The antennae business sells 'off the shelf' flat and parabolic antennas as well as custom-developed antenna solutions to a range of commercial and military customers. Buoyed by a sharp rise in military sales, divisional operating profit surged from $0.3mn to $0.8mn. Current events around the world suggest that requirements for military equipment will continue to grow in the coming years as western governments increase their defence budgets, too. Moreover, the conflict in the Middle East has triggered an increase in demand that should lead to higher stock levels of all military equipment being maintained by the Israeli government going forward. Defence-related work now accounts for 44 per cent of group sales.

etc"
Posted at 11/3/2024 07:31 by rivaldo
Yep. That's 3.6p historic EPS, with PBT up 12% and EPS up 9%. Which with the $8.1m cash pile puts MWE at 36.5p on a rather cheap valuation on a single figure P/E on an ex-cash basis.

Especially given the confident outlook for this year in all three divisions:

"The macro trends for all three remain positive: from the continuing roll-out of 5G cellular connectivity; to tackling the growing global issue of water scarcity; and the significant increases in local and international defence spending."

"Overall, MTI remains well positioned across all three divisions, with each division backed by strong macro trends underpinning their future prosperity. The first two months of 2024 have been in line with internal expectations and judging from the pipeline of potential opportunities, the Group is well placed, supported by a strong financial platform, to continue to seek to expand through a mix of acquisition-led and organic growth."
Posted at 19/2/2024 08:26 by rivaldo
Kepler Intelligence have isued new research on Miton's UK MicroCap Trust this morning run by Gervais Williams, and Miton have this to say about MWE:



"Although this company continues to generate growth in profits and dividends upwards of 7%, the share price has suffered due to worries over its Israeli operations being affected by conflict. Earnings have also been impacted when converted into dollars due to weakness in the exchange rate. However, some of its aerials are being used in military applications meaning the company is busier than usual. Gervais and Martin remain upbeat, and they believe there is no dilution to the upside potential of the company."
Posted at 01/2/2024 07:26 by rivaldo
A sizeable 150,000 shares bought back by MWE at 35.45p yesterday, and they now have 470,000 shares sitting in treasury.

These are unusually large buybacks for MWE. One would hope that they're buying these amounts back in the knowledge that any upcoming trading update or numbers relating to last year are likely to be positively received by the market and prove that the current share price is cheap as per the fundamentals posted by Robsy2 above. Otherwise this would be an extremely strange route to take!
Posted at 21/11/2023 14:48 by rivaldo
Glad to see the major shareholders stepping up and buying another £110,000 or so of shres, when they already hold 43% between them.

The RNS clearly states that the shares were sold yesterday at the prevailing 31.5p mid-market share price, which it was for the first hour of trading.

Agreed Cerrito, it's not ideal - the treasury shares could have been held for longer. The perks of being directors/major shareholders I suppose, which are never going to change.
Posted at 17/8/2023 10:04 by brucie5
rivaldo17 Aug '23 - 09:32 - 1377 of 1377
0 0 0
Allenby Capital's new note reiterates their 90p share price target.
-----------------------------------------------------------------
In this market?!
I think for now shareholders will need to be satisfied by continued flow of dividends as a function of profitability and a bottoming of the share price.
That is what I'm looking for.
Posted at 17/8/2023 08:32 by rivaldo
Allenby Capital's new note reiterates their 90p share price target.

They forecast 4.28c EPS this year, with a $9.39m closing cash pile, i.e around 8.4p per share. The ex-cash P/E is therefore only 10.6 for this year.

They summarise:

"– Operational highlights:

Antennas saw new orders in military for existing product lines and requests for new solutions, across new and existing customers. MTI’s innovative ABS antenna for 5G backhaul is being evaluated by three tier one radio manufacturers and two
tier two customers. The opening of the Indian market for E-Band 5G backhaul has created a substantial multi-year opportunity, although orders remain sporadic, and MTI recently established a new local subsidiary. The Mottech division secured two longer contracts in April with an existing customer, a large Israeli municipality, worth $2.2m over five years, and fountain control also offers growth opportunities in an adjacent market.

– Outlook: MTI’s three divisions all enjoy strong medium term growth drivers – increased defence spending (Antennas and MTI Summit), water scarcity (Mottech) and the ongoing 5G roll out (Antennas). The outlook for defence is particularly strong (representing c. 44% of group H1 revenue (FY22: c. 37%)) and MTI’s design wins typically result in multi-year revenue opportunities. Forecasts remain unchanged with H2 growth expected at the top and bottom lines and the current share price fails to reflect MTI’s growth potential."
Posted at 16/8/2023 12:50 by rivaldo
Here's Simon's Thompson's tip (note the currency error for the EPS...fine apart from that):

"MTI boosted by defence spending and offers 6% yield

The technology group is set for another year of growth, but is only priced on a cash-adjusted PE ratio of 7.5 and pays a chunky dividend, too

August 15, 2023
By Simon Thompson

First-half pre-tax profit up 3 per cent to $2.1mn on slightly lower revenue of $22.4mn
Strong performance from defence sector-related activities
Second-half pipeline supports 11 per cent annual pre-tax profit growth

First-half results from Israel-based technology group MTI Wireless Edge (MWE:41p) highlight the benefits of diversification. For example, the group is benefiting from the increase in government defence budgets across the world following Russia’s invasion of Ukraine. Its antenna division trebled its operating profit to $0.28mn (£0.22mn) on revenue of $5.8mn in the six-month period, buoyed by new orders from the military sector. Chief executive Moni Borovitz expects the momentum to be maintained in the second half.

The antenna business also provides 5G network backhaul antenna systems. Although this market was relatively soft in the first half, MTI has materially increased its sales prospects by developing an automatic beam steering antenna solution that adapts to any small movements caused by different climate conditions. It is now working with three tier-one radio manufacturers and two tier-two customers to prove out the system.

The group offers investors exposure to the themes of climate change and water scarcity, too. MTI’s wireless water management systems division reported 11 per cent higher first-half operating profit of $0.96mn on slightly lower revenue of $8.7mn, the improved level of profitability reflecting price increases and the benefit of costs being in shekels in a strong dollar environment. This year’s heatwave across continental Europe, and the need for countries to use water resources more efficiently, can only be positive for sales prospects. The business has started the third quarter well.

The strength in both divisions offset weakness in MTI’s Summit electronics division, which represents 40 international suppliers of radio frequency/microwave components. Divisional operating profit declined a third to $0.78mn on 5 per cent lower revenue of $8mn, mainly due to delays with two projects. However, one has since been completed and the other is well under way, so expect a much improved second-half performance. Also, defence-related activities represent the majority of the unit’s revenue base, so increased government military spending is underpinning a strong pipeline of orders and design wins.

Earnings guidance maintained

Importantly, the directors are maintaining full-year guidance of 11 per cent growth in pre-tax profit to $4.8mn, which points to second-half pre-tax profit rising 18 per cent to $2.7mn on 13 per cent higher revenue of $26.7mn. On this basis, expect annual earnings per share (EPS) of 4.28p and a hike in the payout from 3¢ to 3.2¢ (2.5p). The dividend is rock solid, too. Net cash increased by 20 per cent to $6.25mn in the first half, and analysts at Allenby Capital expect a further rise to $9.4mn (8.35p) by the year-end, buoyed by strong cash generation.

So, with earnings guidance maintained, and the shares rated on a cash-adjusted forward price/earnings (PE) ratio of 7.5 and offering a 6.2 per cent prospective dividend yield, the share price drift since the 2022 annual results (‘A lowly rated technology group offering a prospective 5.5% yield’, 13 March 2023) is worth exploiting. Buy."
Mti Wireless Edge share price data is direct from the London Stock Exchange

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