Mti Wireless Edge Share Discussion Threads

[liarspoker] 15/3/2011 16:17

The 20K this am is mine.

[hastings] 15/3/2011 07:43

Well, results out and much as expected for last year. However, with cash of 8.5p, a property that will yield 9% and importantly a record backlog of orders with expectations of a return to profit i think i will hang around, maybe pick a few more up depending on where we head this morning.

[hastings] 01/3/2011 22:32

Could be right, could be wrong. The major holder could have taken it private long before now and at a discount to NAV. That may well still be on the cards, although equally they could wish for the business to return to profitability and resume dividends. The latest blow smacks more of taking the eye off the ball, (which is bad enough) as opposed to anything really sinister imo.
Will wait for those results to come out and take stock then.
This could play either way and while they could clearly take this private at a discount to NAV i would still expect (hope) it to be higher than the current level.

[spaceparallax] 01/3/2011 20:31

E,

You could be right. If you are, that's a shame for me but it's a risk worth taking - after all, we each need some losses to offset in meeting our CGT allowance.

[envirovision] 01/3/2011 16:52

Your kidding yourself. If this is going to be de-listed, then it would be a dreadful way to lose even more money. If the majority holder decides it wants to take it back, its going to be at a massive discount to nav.

In the meantime I expect the company is being run in such a way that when either one of these inevitabilities plays out, it will have happily squandered shareholder equity on a rash of unspecifiable investments such as office/warehouse/industrial property in a part of the world that is very far removed from the UK.

I stated earlier I thought the reasons for such acquisitions would be to deter outside suitors...think about it!

Take your pick:

1) Delisted and later swallowed by MTI computers for next to nothing.
2) Taken over at a massive discount by MTI computers

whilst you wait for one of the above, theres zero dividend.

[spaceparallax] 01/3/2011 16:19

That last post was not intended to offend, more to compliment.

In a sense I am attached to this, but it honestly is on the grounds of cash solidity and unrealised potential. It has been a hard slog and I can understand many going off it, but I genuinely believe that the potential remains as does the cash.

[envirovision] 01/3/2011 16:10

Spaceparallax man. Accept you got it wrong here. Just reading your posts is getting painful.

It sounds like your getting emotionally attached to this. In particular the dreaded "Get evens" syndrome. This is a self destruction trait that dogs many an amateur investor and gambler alike. Where one is unable to move on from a situation due to becoming increasing obsessed with trying to regain ones losses in order to get evens.

[effortless cool] 01/3/2011 15:40

The trouble is, when it stops being too early, it will be too late.

[spaceparallax] 01/3/2011 15:10

EC,

Too early to judge

[effortless cool] 01/3/2011 15:04

What would worry me about this update is not the cost overrun itself but the fact that it seems to have come as such a surprise to them. Management only seems to have become aware of it when reviewing a draft of their annual results.

I would suggest that this raises some fairly fundamental questions over their internal controls and overall management competence.

[spaceparallax] 01/3/2011 14:46

Agreed, it would only happen at a premium - quite what that might be is tough to call. These have traditionally appeared very illiquid.

[hastings] 01/3/2011 12:57

Somewhat surprised and dissapointed by the announcement, but the recovery here looks to be intact for the medium-longer term. Interesting that the route of going private is mentioned and that would appear to be a strong possibility given, who holds the bulk of stock. However, would expect it to be at a decent premium to these levels as NAV is somewhere around 24p.

[spaceparallax] 01/3/2011 11:38

Phil, you could be right on the buyout, but that would take some serious purchasing in the open mkt, which would inevitably cause a significant share price rise.

[spaceparallax] 01/3/2011 10:05

Incorrect Joan.

Yes, today's revelation is disappointing, but the underlying picture remains good with trading showing continued improvement.

No doubt some are exiting on this news as the share price dip shows. As usual, I'll be topping up on those dips.

[joan of arc] 01/3/2011 09:00

Which they are gradually burning up.

[aishah] 01/3/2011 08:41

Very disappointing. Only saving grace is the cash position.

[joan of arc] 01/3/2011 08:07

Diabloical. In a piddly littly business like this if they can't see what is happening to the cost base clearly then that doesn't say very much for a management that has failed to inspire for a long time. Probably sloppy controls over the Indian subsidiary.

Time to rethink this car crash.

[envirovision] 01/3/2011 07:29

Profits Warning

[spaceparallax] 28/2/2011 13:33

It'll certainly make interesting reading given the last TS

[spaceparallax] 14/2/2011 10:29

I like it - I do have a few and have held for several years. So far, my patience hasn't been rewarded, but given their cash position and sector it seems such a safe bet with strong upside potential - EVENTUALLY!!