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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mti Wireless Edge Ltd. | MWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 42.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.00 | 42.00 | 42.00 | 42.00 | 42.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
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 12:28 by igoe104 Todays investor presentation. |
Posted at 05/3/2024 07:20 by rivaldo Results will be on March 11th per today's RNS.Encouragingly - as with last year - there's no specific trading update, so under disclosure rules the assumption to be drawn is that MWE are trading in line with expectations (as they were last year). For reference, expectations are for: - 4.2c EPS, or 3.3p EPS - $8.2m net cash, or 20% of the m/cap - 3.2c dividend, or a 7.1% divi yield |
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 16/8/2023 13:50 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." |
Posted at 15/8/2023 11:01 by igoe104 Its three divisions should experience lots of tailwinds over the coming years, one for the patient investor, and pick the jucy dividend up as you wait. |
Posted at 15/8/2023 10:51 by gopher Reassuring presentation on investors meet. At first glance the lack of growth in turnover was my concern but this was explained as the result of currency weakness and so benefit the bottom line given costs are not in dollars. Actually reasonable growth overall.This is a not a shoot the lights out type of company but offers solid balance sheet, good dividend, family owned and some reasonable tech growth opportunities. Not much.to dislike and increased by holding. |
Posted at 07/8/2023 07:31 by rivaldo Good to see you in here Robsy2.Today's RNS notes H1 results will be next Tuesday 15th August, with an Investor Meet. Above all, no mention of any problems, so we should be able to assume that everything's nicely in line following the Q1 outlook which was "confident" about the outlook for the year ahead. |
Posted at 16/2/2023 13:57 by rivaldo I came across this interesting recent podcast from Mark Atkinson, who's just bought into MWE and talks here about his reasons for doing so and general investment strategy.Mark is an extremely long-term/patient investor, which I can identify with. MWE is his first new buy for 4 years if I heard correctly! Which is stretching it a bit even for me. Worth a listen anyway - this is his first such podcast, and he's subsequently done a much more comprehensive one on ZYT too: |
Posted at 12/9/2022 11:00 by robsy2 In accordance with the Company's Share Repurchase Programme, MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announces that 50,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company ("Ordinary Shares") were purchased by the Company on 9 September 2022, at a price of 54 pence per share. These shares will be held as treasury shares.Following this transaction, the Company holds 50,000 Ordinary Shares in treasury. I guess they hold them and resell them to interested investors. The idea being to buy the shares when the directors think they are cheap and feed them back to investors when the share price has increased and/or the shares are in demand? Would that be how this works? |
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