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MWE Mti Wireless Edge Ltd.

43.00
0.00 (0.00%)
Last Updated: 01:00:00
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% 43.00 23,346 01:00:00
Bid Price Offer Price High Price Low Price Open Price
42.00 44.00 43.00 43.00 43.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 45.63M USD 4.05M USD 0.0458 9.39 38.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:05:59 O 400 43.175 GBX

Mti Wireless Edge (MWE) Latest News

Mti Wireless Edge (MWE) Discussions and Chat

Mti Wireless Edge Forums and Chat

Date Time Title Posts
08/5/202409:09*** MTI Wireless Edge ***1,463
30/3/201920:38MTI WIRELESS - WORLD CLASS ANTENNAS1,895
05/8/201813:43MTI Wireless (MWE) One to Watch on Monday -
20/6/201715:18MTI WIRELESS EDGE LTD, Tech Growth Share.469
11/10/200811:02Heading down again?68

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Mti Wireless Edge (MWE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:06:0043.18400172.70O
15:03:5042.0610,0004,205.50O
10:30:3342.065,0002,102.75O
10:27:1442.06609256.11O
09:34:3342.123,1461,325.00O

Mti Wireless Edge (MWE) Top Chat Posts

Top Posts
Posted at 08/5/2024 09:20 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 43p.
Mti Wireless Edge currently has 88,398,585 shares in issue. The market capitalisation of Mti Wireless Edge is £38,011,392.
Mti Wireless Edge has a price to earnings ratio (PE ratio) of 9.39.
This morning MWE shares opened at 43p
Posted at 08/5/2024 09:09 by rivaldo
Allenby Capital have retained their 75p target price and summarise:

"MTI Wireless Edge Ltd* (MWE.L, 42p/£37.1m)

Contract wins across PSK and Antennas (07.05.24)

• Three orders totalling c. $3m, with the bulk to be delivered in FY24.
• Two contracts received by PSK, part of the MTI Summit division, from two Israeli customers for the provision of services and the installation of systems for the Israeli government, PSK's largest client and a long-standing customer. The other received by the Group's Antenna division is for military antennas from an Israeli system house and represents a repeat order.
• Forecasts and 75p/share fair value unchanged.

Allenby Capital comment:

The contract wins demonstrate the benefits of MTI's long-standing relationships with its customers and the quality of its product set, based on its comprehensive communication and radio frequency technology stack. Defence spending continues to increase worldwide and also in MTI's domestic market and the wins help to underpin our FY24 forecasts."
Posted at 07/5/2024 09:46 by rivaldo
Shore Capital have retained their 80p target following the contract wins.

They forecast 4.5c EPS this year, along with a $9.3m cash pile, or 8.5p per share.

That puts MWE on a current year cash-adjusted P/E of only 10 at 44.5p - and also paying a 6% dividend at 3.3c.

They conclude:

"As mentioned above each of the divisions has growth drivers with, in our view, Mottech well placed to potentially see much stronger demand than we forecast for its water management and control software. Typically, this improves the efficiency of irrigation systems, while reducing the cost of operating them. The Antenna division is likely to benefit from the rollout of 5G across the world as it already supplies seven of the top ten operators with its technologies and as illustrated by today’s further contract win is well-placed in defence as well as for the rollout of 5G in India, in particular. Similarly, we would also expect to see good demand for the defencerelated products and services of Summit/PSK, as shown by today’s contract wins.

We have an 80p per share fair value on the basis of a DCF analysis, which is more than corroborated were MTI to achieve an FY24F EV/EBITDA multiple of 12.8x (the average of our peer group). The next news is likely to be the reporting of Q1 FY24F results later this month."
Posted at 04/4/2024 07:30 by rivaldo
Today's RNS shows 100,000 shares bought back at just over 46p, following a further 50k yesterday. MWE now hold 833,000 shares in treasury, so this buyback programme has accelerated markedly. Which is hopefully a sign that trading is continuing to go rather well.
Posted at 20/3/2024 11:13 by rivaldo
Allenby Capital have updated on MWE - they have a 75p price target.

With a 7.2p per share cash pile, they forecast 4.56c EPS this year and a 3.3c dividend.

That's an ex-cash P/E of only 11.6 and a 5.3% dividend yield:
Posted at 20/3/2024 07:09 by rivaldo
Good to see the share buybacks continuing, with MWE evidently considering these higher prices to still be good value:



If MWE were to parcel off the now 583k shares in treasury to institutional buyers as previously they'd make a nice profit of probably £80k-£100k.
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 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!
Mti Wireless Edge share price data is direct from the London Stock Exchange

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