Mti Wireless Edge Share Discussion Threads

[sladdjo] 30/3/2014 10:53

Hi all,

AGM was quiet - no other investors there so over in 10 mins. Was a gentleman from directorstalk who said that they'd post a short interview with Moni soon, so worth keeping an eye out for.

However, Moni has been in the UK for the past few days presenting to loads of investors and funds, trying to raise the profile of the company. Managed to sneak along to one the presentations and the following key points were raised:

As pointed out previously, Moni mentioned that MWE's antenna's, once in a customer's system were unlikely to change as then the customer would need to spend lots more time and effort retesting the whole system to make sure that everything was working as planned. Part of MWE's strength is having relationships with customers and already having their antenna's in the products. This is counter-acted by customers continual improvement on their systems, which requires MWE to keep updating its products.

Radwin – one of MWE's key customers, has been awarded an FBWA contract to upgrade the Moscow subway system. This should feed on to MWE's revs.

With regards to the 80GHz antenna's, so far this year they've already received orders totalling the same amount as all of last year.

RFID – still in trials w/ major supermarket chain (this does seem to be taking a while, so I'd say not very positive but if they are still in trial then an order could come through ...) They are also currently in trials with a large international airport operator, whereby their antennas would track baggage, minimizing lost baggage or helping to locate its last position (and thereby minimizing replacement cost for airlines.) Also, the toll road comp that they partner with has started expanding into parking lots and MWE are hopeful of revenue growth from that.

Elbit is the largest military customer. They are a private comp and deal with multiple governments (Israel is on a small portion, I think.) So if govts increase military spending then this section may do much better.

Property prices have increased significantly in Israel since they purchased their property, and they haven't marked up their property to fair value, so that is a small source of potential additional value in the comp.

Overall, & in response to CJohn's q, Moni is expecting flat revs in most of the business but significant growth in RFID and 80GHz sectors, but as they represent a currently small % of total revs, rev growth is likely to be 5 – 10%, which is shown in Allenby's research note.
Most of this is from memory/my notes, so may contains errors. As always DYOR. Any further q's, pls post and will try to answer.

[sailing john] 28/3/2014 11:30

Sladdjo or anyone else that managed to go to the AGM

Any feedback you can provide would be appreciated although I assume it was probably a quiet affair. Perhaps only official business and a chat?

SJ

[msufi1] 28/3/2014 09:59

as u can see fellow mongers mms very short of stock paying well over bid now this hasnt happen for a long time hmm

[msufi1] 28/3/2014 09:54

if the hungry little monsters stop selling n giving ur shares to mms this coulg really rocket hmm hold tight this one is a real gem

[spaceparallax] 27/3/2014 19:00

what a turnaround we've seen in recent months.

[battlebus2] 27/3/2014 18:03

Yep a lovely finish to the day :))

[cheshire man] 27/3/2014 11:44

Looks like the chart is playing out here :-)

[msufi1] 25/3/2014 15:46

gents any advice barchart pointing towards 100% buy

[msufi1] 25/3/2014 15:43

whats going on here 27k buy at full ask 14p wondering to buy this stock this could really take off

[spaceparallax] 25/3/2014 11:49

nice rebound after yesterday's profit-taking

[battlebus2] 21/3/2014 13:01

Hope so saucepan, 20p would be a good target price imv.

[saucepan] 21/3/2014 12:47

Hi folks

I spotted the breakout, thanks to a heads up from Sailing John, so bought in today at 13.5p. I realise I am a bit late to the party. Nevertheless, it still looks as if the story has only really just got going (i.e. broken out of the base pattern marked with a blue resistance/support line) when a long term MONTHLY CANDLES chart is taken into consideration.



Hopefully a lot more to come therefore :-)

[battlebus2] 21/3/2014 08:13

Morning Cheshire Man, looking good to finish on new highs.

[cheshire man] 21/3/2014 08:11

Could be a nice end to the week here bb :-)

[battlebus2] 20/3/2014 19:33

111111 share trade at 13.5p bodes well.

[gb904150] 20/3/2014 12:57

They do mention strong market penetration in 2nd half of 2013 on the 60-80hz range. It sounds as though they have new customers but that those sales haven't come through yet. Perhaps part of the 6.5m backlog.

Agree on RFID though. That sounds earlier in its development.

MWE have high operational gearing. If revenues grow from here it will grow net profits very quickly.

[cjohn] 19/3/2014 13:16

Hi Sladdjo,

I'm sorry, I can't make it.

If I was going, I'd put a rather sceptical point about growth. They say they see good prospects in RFID and the 60-80 GHZ range antennae. Ok, but RFID represents about 12% of turnover and from memory 60-80GHZ had sales in the year of about $1m ie about 7%. Growth in those two áreas would have to be very marked for there to be significant overall progress,

Is there any update on the RFID antennae trials with the retailer Moni mentioned at the meeting we both attended?

Thanks


CJohn

[sladdjo] 19/3/2014 09:14

ps- anyone going to agm next Fri, or have any q's that they'd like asked of the directors?

[sladdjo] 19/3/2014 09:13

Not sure if people have already seen, latest note from Allenby. Forecasts raised and expected to do just under $300k of pre-tax profit this year, raising to < $550k next year.
hxxp://www.allenbycapital.com/research/mtiwirelessedge100314.pdf

[battlebus2] 13/3/2014 07:07

Director deal

MTI has been informed by its key shareholder MTI Computers and Software Services (1982) Ltd ("MTIC") that the key shareholder in MTIC, Mokirei Aya Ltd, had purchased an additional 300,000 shares (which represent approximately 2.6% of MTIC) of MTIC, increasing its holding in MTIC to 43.2%.

Mokirei Aya Ltd is a private company held by the Borovitz Family - Mr. Zvi Borovitz, MTI's Non Executive Chairman and Mr. Moni Borovitz, MTI's Financial Director, hold 25%, each, in Mokirei Aya Ltd.

MTIC continues to hold 27,031,897 ordinary shares in the Company, representing approximately 52.4% of the issued share capital of the Company.

[sailing john] 12/3/2014 08:20

And MC still only reflects cash and office asset value

Business in for free - and appears to be making progress

Thanks for the XD reminder

SJ

[battlebus2] 12/3/2014 08:01

A timely tip with x dividend today.

[battlebus2] 11/3/2014 20:58

Funny that's what I was saying a few posts back.

[spaceparallax] 11/3/2014 16:06

Tipped by One Free Share Tip today - suggesting that the current global unrest could yield a big upside for MWE