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MWE Mti Wireless Edge Ltd.

42.00
-1.00 (-2.33%)
Last Updated: 08:00:03
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
  -1.00 -2.33% 42.00 12,027 08:00:03
Bid Price Offer Price High Price Low Price Open Price
41.00 43.00 42.00 41.50 41.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 45.63M USD 4.05M USD 0.0458 9.17 37.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:27:03 O 218 43.00 GBX

Mti Wireless Edge (MWE) Latest News

Mti Wireless Edge (MWE) Discussions and Chat

Mti Wireless Edge Forums and Chat

Date Time Title Posts
06/4/202409:17*** MTI Wireless Edge ***1,458
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
07:27:0443.0021893.74O
07:02:1342.385,8992,499.70O
07:01:3342.305,9102,499.93O
2024-04-22 15:35:2643.0015,0006,450.00UT
2024-04-22 14:07:5741.909,5323,993.91O

Mti Wireless Edge (MWE) Top Chat Posts

Top Posts
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!
Posted at 17/8/2023 11:04 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 09:32 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."
Mti Wireless Edge share price data is direct from the London Stock Exchange

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