Share Name Share Symbol Market Type Share ISIN Share Description
Mti Wireless Edge LSE:MWE London Ordinary Share IL0010958762 ORD ILS0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 27.00p 26.00p 28.00p 27.00p 27.00p 27.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 19.5 1.2 1.7 15.3 14.48

MTI Wireless Edge Share Discussion Threads

Showing 2376 to 2397 of 2400 messages
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DateSubjectAuthorDiscuss
26/5/2018
10:33
Yes, thank you, John, for your continuing attendance and notes. it's much appreciated.
cjohn
25/5/2018
09:07
Thanks Sladdjo your representation on our behalf is appreciated.
spaceparallax
24/5/2018
15:30
Below are my notes from MWE AGM. I was the only PI there. Mottech doing well - 2nd contract in China confirms scale of opportunity over there (mainly municipalities focussed on green areas, tho also signifcant agricultural as well.) Also seeing ops in North America and places like Germany/Chile. Recently anounced increase in sales was Mottech based in China and North America. Looking at partnering with Israeli comp to provide desalination plants for small scale users in South Africa. Within antennas the mrkt is movinng from 80GHz to dual 80 GHz/50GHZ & others as 80GHz is quite tempremantl and sometimes struggles with weather, etc. so offering dual antennas means that the antenna automatically switches to lower frequency if any problems. MWE is one of the 1st comps to offer dual antennas and has several prototypes out now. focus is Tier 2 providers but in discussions with Tier 1 at present as well. RFID continuing to grow at 15-20% yoy, and now 20% of antenna business. Wrt the merger with MTIC, comp wants to simplify its structure and feels that each comp is quite small to be separately listed, combined their size is more suited to AIM. Also feels that Israeli shareholders ar emore comfortable holding AIM listed stocks than UK shareholders holding Israeli listed stocks. MITIC has two divisions: RF & Microwave solutions (where they are a distributor in Israel and have a capital light BS due to ordering inventories and then flying over to customers in Israel rather than keeping ahigh level of stock and selling when customers need.) RF & Microwave had ~$7m revs last yr with op prof ~$500k. The 2nd division is large scale military balloons that are involved in electronic warfare. This is a JV with 2 other comps. Last yr revs were ~$1.5m with ~$300k op profs. Curr in negotiations for a long term contract that would add ~$2m to revs each yr. Hopefully in a week or two they'll be able to publish MTICs numbers in UK. Will need to get 75% approval to do merger (inc their own shares) & 50% of voting public to do so. Overall aim is to have a $50m rev business in 2 - 3 yrs time.
sladdjo
23/5/2018
12:42
Yes, $1m irrigation control contract to be installed over the next 12 months. A rapid return then on the declared increased spend on future sale capacity mentioned in the Q1 results?
cjohn
22/5/2018
17:59
Good news.
spaceparallax
14/5/2018
14:59
You're right, Spaceparallax. They are fine in context. With net tangible assets of around 27p, this is not going to fall too far.
cjohn
14/5/2018
12:07
So if we take what they say about Q1 at face value: margins were reduced because of increased R+D and sales development. And increased revenue will occur later in the year. My feeling is that reporting on a quarterly basis simply makes the shareprice more volatile. The market over-reacts to fluctuations in trading which are entirely to be expected on a three-monthly basis. we wouldn't even need to be told about the extra devlopment spend, if they reported on a six-monthly basis. There is a marked increase in eps for the three months to 0.91 us cents. But this reflects the fact of a tax credit in the 90 day period. Likewise, I can't see the impressive operational cash flow - receivables and inventory reduced - being repeated in the second quarter. Overall, steady as she goes with no surprises.
cjohn
14/5/2018
10:14
There are a number of positives here Orderbook, pipeline, cost savings, ability to expand through each companies offices. cash generation and dividend is good. Not one to be selling imho
zipstuck
14/5/2018
10:03
Suddenly looking overpriced
my retirement fund
03/5/2018
11:39
The controlling shareholders will have around 45.5% of the merged company. Before they had 53% of MWE. This is another slight positive in my view; though 45% still gives complete dominance.
cjohn
03/5/2018
11:36
So MWE pay around $9.5m - 31,600,426 MWE shares at around 30p - for MTIC's business. MTIC had a turnover of around $10m last year and profits before tax of $1.1m. (From MTIC's turnover and profitability, I'm subtracting the MWE results which were consolidated into MTIC's results as MTIC holds 53% of MWE.) In view of the obvious savings in management time and reductions in complexity - only the London listing will remain - I think this is an OK deal. A mild positive. It's noticeable that MTIC (non-MWE consolidated) has had better operating margins than MWE. Stripping out duplicated costs should allow some further margin improvement.
cjohn
02/5/2018
12:08
I remain unsure as to the benefits for small shareholders. I am however prepared to give them time to hopefully prove me wrong.
spaceparallax
02/5/2018
09:56
This looks like a v good deal for all. Anyone have any negative comments?
elited10
18/3/2018
09:11
Until share valuations are announced. Cannot tell.
russman
16/3/2018
11:29
You make fair points John - only time will tell and it's something beyond our control.
spaceparallax
16/3/2018
07:53
hi Spaceparallax, There are no COMPELLING benefits, but a number of small pluses. - Management time is currently wasted on the admin and compliance for two public companies. - There will be more shares in issue and hence, probably, more liquidity. - A larger market cap will cetainly not be negative: see your own earlier remark 1828 re small-size companies - Admin and compliance costs will be spread over a greater number of shares. etc etc Ask yourself another question: is this NEGATIVE for MWE? In my opinión not - unless, of course, the valuation of the two companies is botched. all best
cjohn
15/3/2018
13:33
I can see few compelling benefits for MWE - this smacks of being something done for the benefit of MTIC and the major shareholders.
spaceparallax
15/3/2018
10:20
I make annual turnover at MTIC, discounting the consolidation of MWE's results, to be around $10m and profit before tax about $1.1m. Whether shareholders at MWE will benefit will depend on the independent valuations of the two companies. MTIC is, relative to MWE, an asset-light company. There will be obvious gains in management efficiency and the benefit of a larger company with - in absolute terms, not necessarily per share - higher turnover and profitability. So a small positive step.
cjohn
14/3/2018
20:02
Price drifted away disappointingly.Think any strength these days being sold into
harleymaxwell
14/3/2018
10:47
Im holding on until 40. Defo got more to go.
sig1978
14/3/2018
09:57
Alia talk more about GOT
jimmyhoffa262
14/3/2018
08:48
Take out price?
harleymaxwell
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