Mti Wireless Edge Share Discussion Threads

[rivaldo] 19/2/2024 08:26

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."

[rivaldo] 01/2/2024 07:26

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!

[robsy2] 22/1/2024 10:59

From Allenby capital this morning - certainly looks cheap at this level. worth holding just for the dividend income.

No changes to forecasts or fair value of 75p/share. At the current price, MTI is trading on an FY23 EV/EBITDA of 5.1x, falling to 4.7x, and yielding 7.4%, rising to 7.9% in FY24.

[alan@bj] 17/1/2024 17:37

Thanks gl - have done so.

[gleach23] 17/1/2024 15:16

It’s in the RNSNON (NRN) column Alan - you need to add it your monitor

[alan@bj] 17/1/2024 13:19

I wonder why MTI’s RNS announcements are not indicated as such in the RNS column on my monitor. I do get an email from ADVFN notifying me of the RNS but there’s no 1 in the RNS column.

[scepticalinvestor] 11/12/2023 16:39

Into the 20s tmrw?

[scepticalinvestor] 27/11/2023 07:55

I have an inkling that they will take this privateNo need to be listed tbh

[cerrito] 26/11/2023 16:56

T_C, thanks from me as well

[alex_mc] 23/11/2023 15:19

Pls let us know what they say

[texas_caddy] 23/11/2023 13:54

I have written to the Company to ask how this action is intended to benefit shareholders. Selling at a multi-year low only to buy (some) back 2 days later at almost 10% more.

[scepticalinvestor] 23/11/2023 07:41

So company has purchased shares at 34.50p; will they be sold at a loss again?

[scepticalinvestor] 22/11/2023 09:11

Curious abt how the company is legally allowed to sell shares to only specific shareholders. Doubt this is legal for a UK firm without notice and a specific % SH approval?

[texas_caddy] 21/11/2023 15:04

Disappointed in this sale which would be at a loss to the co / all other shareholders.

[rivaldo] 21/11/2023 14:48

Glad to see the major shareholders stepping up and buying another £110,000 or so of shres, when they already hold 43% between them.

The RNS clearly states that the shares were sold yesterday at the prevailing 31.5p mid-market share price, which it was for the first hour of trading.

Agreed Cerrito, it's not ideal - the treasury shares could have been held for longer. The perks of being directors/major shareholders I suppose, which are never going to change.

[cerrito] 21/11/2023 09:55

I am uncomfortable with these transactions and to why MWE sold at a loss to their major shareholders.
I wonder what view Allenby as Nomad had.

[scepticalinvestor] 21/11/2023 09:13

Re the ISP - How the hell they get that at 31.5p?Lowest purchase on the open market has been 32.59p

[hastings] 20/11/2023 15:15

Cheers rivaldo, nice to see the shares moving in the right direction today!

[rivaldo] 20/11/2023 14:46

Both Shore and Allenby are now forecasting 4.2c EPS this year, i.e 3.39p EPS, so a P/E of 10.6.

They both forecast just over $8m net cash, i.e 7.4p per share, so the ex-cash P/E is only 8.4.

Next year's forecasts are both now around 4.3c EPS having been pared slightly mainly due to the currency fluctuations.

The tone of today's RNS and the 3.25c EPS already achieved to Q3 suggests to me that this year's forecasts may be beaten, especially since the shekel has recovered quite nicely since late October against the dollar. Still, better to underpromise and overdeliver.

[cerrito] 20/11/2023 12:30

Shore have reduced fair value from 90p to 80p and Allenby from 90p to 75p. Allenby cute shekel weakness.
Well done to those who bought first thing.

[scepticalinvestor] 20/11/2023 09:29

Now thats more like it!!

[scepticalinvestor] 20/11/2023 08:59

Divi at 9% yieldAmazed that there is not more buying

[cerrito] 20/11/2023 08:36

I also am surprised by the drop and pleased to read that their operational capacity had not been affected.

[scepticalinvestor] 20/11/2023 08:29

Didnt really think that deserved a mark down on open but wtfdik?!