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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
|
|
|---|---|---|---|---|
| 1.00 | 1.72% | 59.00 | 14:46:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 58.00 | 57.50 | 59.00 | 59.00 | 58.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 19/3/2025 14:02 by rivaldo Encouraging Investor Meet presentation just finished.I've never seen the normally cautious CEO Moni as positive and assertive as at present. All sorts of bullishness re 5G, especially in India, military antennas, the overall order pipeline, new products etc. Some points of interest: - re Mottech, much water/irrigation equipment in southern Israel was destroyed in the conflict. This is only now being replaced, so this should be a fruitful source of additional revenues - all R&D is expensed with none being capitalised - acquisitions are still on the cards, though these will only be considered if they're earnings-enhancing |
Posted at 18/2/2025 11:07 by rivaldo Looks like MWE have just been tipped today on Master Investor by Mark Watson-Williams:"MTI Wireless Edge – Defence Orders Boost Signal Significant defence sector repeat order shines the light on this £48m company, with a growing backlog of orders, noteworthy in such globally hostile times. Mark Watson-Mitchell Feb 18, 2025" "Last Wednesday, 12th February, MTI Wireless Edge (LON:MWE) announced a significant repeat order from a system house in Israel, worth $4m for the manufacture of military antennas. CEO Moni Borovitz sounded absolutely delighted when imparting the news to the group’s investors. "We are thrilled with this repeat manufacturing order as it is one of the largest orders we have ever received and demonstrates our ability to deliver high-quality services and innovative solutions to meet our clients' needs. The order entails the supply of state-of-the-art antennas and is integral to an end use which is considered to be one of the most advanced systems of its kind in the world. etc" (unfortunately for subscribers only) |
Posted at 17/2/2025 10:07 by ih_451482 Good start to week. share price on the rise and positive coverage from the latest Investors Chronicle (firewall). Should head closer to broker’s conservative target of 80p. |
Posted at 17/9/2024 08:11 by rivaldo Techinvest's recent September issue reviewed the interims as follows and concluded (noting too that MWE had a 4.7p per share cash pile):"A strong performance from the Antenna division was driven by a high level of demand for both military antennas and the group’s 5G backhaul antenna solution. This trend looks set to continue, with significant order backlog and an increased number of opportunities in the pipeline. Despite lower sales for Mottech, profitability in the first half was substantially higher, reflecting a higher margin business mix and successful price increases. The board reported that third quarter trading in the division has started well and prospects in Europe for the fourth quarter onwards in particular look positive. The long-term driver for Mottech is the continuing global problem of water scarcity. According to figures from UNESCO, 2.2 billion people still live without access to safely managed drinking water and 3.5 billion lack access to safely managed sanitation. Moreover, the problem of water scarcity is no longer restricted to underdeveloped countries located close to the equator, with the issue now affecting significant parts of Europe where water levels are dangerously low. Mottech has established a strong position in this market segment through its remote control and monitoring solutions for water and irrigation applications. Trading on a prospective P/E of 11.5 for the current year, and offering a useful dividend yield of 6.2% for investors who like to have some income, the shares remain an attractive proposition. Buy." |
Posted at 11/9/2024 14:29 by rivaldo Great to see the continuing rise here, and to see the break above the late May high.Johnthespacer, the buybacks do indeed benefit EPS. Take a look at the results if you want to be sure. The number of weighted average shares in issue for calculating EPS etc has been declining every six months - that's because of the buybacks (unless you can advise otherwise). If/when the shares in treasury are reissued, because they've been resold to institutional investors for example, or indeed if they're cancelled, then the number of shares actually in issue will change once more and the number of shares upon which EPS is calculated will change once again. |
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 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." |
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