Share Name Share Symbol Market Type Share ISIN Share Description
Mti Wireless Edge Ltd. LSE:MWE London Ordinary Share IL0010958762 ORD ILS0.01
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.16% 87.00 67,517 16:35:23
Bid Price Offer Price High Price Low Price Open Price
88.00 90.00 89.00 89.00 89.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 30.19 2.57 2.47 36.4 77
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 7,500 87.00 GBX

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Date Time Title Posts
20/1/202110:20*** MTI Wireless Edge ***690
05/8/201812:43MTI Wireless (MWE) One to Watch on Monday -
20/6/201714:18MTI WIRELESS EDGE LTD, Tech Growth Share.469
11/10/200810:02Heading down again?68

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Mti Wireless Edge (MWE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 16:35:2387.007,5006,525.00UT
2021-01-22 16:27:3088.052,0001,761.00O
2021-01-22 15:55:5889.203,5003,122.00O
2021-01-22 15:42:0988.031,3641,200.66O
2021-01-22 15:05:5389.201,6811,499.45O
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Mti Wireless Edge Daily Update: Mti Wireless Edge Ltd. is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker MWE. The last closing price for Mti Wireless Edge was 86p.
Mti Wireless Edge Ltd. has a 4 week average price of 59.50p and a 12 week average price of 46p.
The 1 year high share price is 92.50p while the 1 year low share price is currently 26p.
There are currently 88,538,724 shares in issue and the average daily traded volume is 178,364 shares. The market capitalisation of Mti Wireless Edge Ltd. is £77,028,689.88.
rivaldo: Good spot Tole, cheers. Simon Thompson's tips are normally behind a paywall, but this one isn't, so I'll post it here for the record before it disappears! "MTI share price hits record high Robust end market demand. Double-digit profit growth expected in 2021 and 2022. Shares in Israeli-based MTI Wireless Edge (MWE:76p) have increased 85 per cent in value on an offer-to-bid basis since I initiated coverage (Alpha Report: ‘Tapping into 5G and climate change technologies’, 4 September 2020), and have surpassed my 70p target. I would resist banking profit. That’s because investors are likely to continue to warm to MTI’s strong investment case given that its technology businesses operate in market segments that are displaying attractive structural growth: demand for next generation 5G networks; global warming and climate change; and increased defence budget spending. Specifically, MTI sells 5G backhaul antennas to support mobile phone operators to roll out their 5G networks, helping to transfer the data from mobile users to the operator’s network; and wireless water control and management systems that address water scarcity by using Motorola's IRRInet state-of-the-art communication technologies. The military segment also provides a reliable income stream and enables MTI to reapply the technology developed in commercial markets. Robust customer demand is not only delivering contract wins, but robust earnings growth, too. Indeed, house broker Allenby Capital expects 2020 pre-tax profit to increase by 25 per cent to US$4.3m on revenue of US$40.7m to produce EPS of 2.9p and support a 25 per cent dividend hike to 2.5¢ (1.9p). Analysts also forecast double-digit EPS growth to be maintained in 2021 and 2022, pencilling in EPS of 3.39p and 3.79p, respectively. The 2022 dividend is expected to be 20 per cent higher than in 2020. The directors can certainly afford to maintain their progressive dividend policy as MTI’s net cash has increased by 75 per cent in the past two years and is forecast to rise a further 25 per cent to US$9.5m (8p a share) by the end of 2022. On this basis, MTI shares are priced on a forward cash-adjusted PE ratio of 17.5, a rating that’s still not too punchy for a dividend paying technology company operating in market segments displaying material market growth. In the circumstances, I am upgrading my target price to 90p based on an enterprise valuation to 2022 cash profit multiple of 15. Buy."
johnveals: tongosti, do you think MWE share price will be significantly higher (I am not talking multi bag here) at the end of 2021 than it is today?
igoe104: 5G – A key investment theme for 2021. I already own shares in MTI Wireless Edge (LSE:MWE), an Israeli company which has been trading since 1972. I picked it as a top share in my other job as a writer for Motley Fool and I’m doing so again here. Recent forays to expand its offering of wireless antennas should mean there is capacity to more than double its current £50 million market cap. I’m not that fussed about dividends for smaller companies, but there is a handy payout of $0.02 per share with MWE shares. So let’s just consider where they are with 5G. Without getting too technical, there’s a significant structural problem with 5G networks, in that they demand much more capacity per device. 4G allows for maximum data download speeds of around 100Mbps, but 5G should allow connections of 10 to 100 times more, in the region of 1Gbps to 10Gbps. Obviously this puts an immense strain on network operators being able to service this vast data flow. Not only is there an exponential increase in the amount of per-device capacity, there is expected to be an exponential increase in the number of devices connected to 5G networks. That means everything from smartphones to printers and medical devices for remote surgery, (alongside all the nonsense about 5G toasters and fridges). According to GSMA, which has been tracking the potential of 5G since the early 2010s, there have been 106 5G product launches to date, but today 5G services only make up for 7% of market penetration. Knowing what we know about how 4G supplanted 3G, it seems churlish to suggest that users will stay with older, cheaper technology for much longer than five years. And even though 4G penetration in emerging markets lags behind Western societies, many analysts now expect the tech to skip 4G and jump straight to 5G. Wireless backhaul is the most cost-effective tech for increasing 5G connections for mobile networks. So September’s contract win for MWE’s 5G dual-band backhaul product is the canary in the coalmine for the growth of this part of the business, to me. The company has sold thousands of antennas for 5G backhaul but mainly only for field testing, rather than overall 5G frameworks. What’s new about this deal with that it’s a single large order to be shipped all at once. As GM Dov Feiner says, it’s “indicative of the market moving forward with the adoption of 5G backhaul…We believe we are at the early stage of a global upgrade of cellular network infrastructure…This presents a major opportunity for MTI’s dual-band antennas as operators will need to increase the backhaul connectivity between cell towers to deliver these faster services.” Momentum investors will probably have half an eye on MWE already. The share price breached a 52-week high on 4 December 2020, hitting 68.5p. This was actually an all-time record for MTI Wireless Edge, surpassing its best share price effort since it was listed in 2007. It’s not particularly surprising that people have taken profits since then. MWE is now trading around the 60p mark, and I’d be looking to add more at this price. EPS growth has been in the mid-double digits for the past three years, and we keep seeing tasty six and seven-figure contracts being signed. Expansion into China with wireless irrigation control manufacturer Mottech is a bonus, and in terms of where growth is coming from, there is also the defence angle to MWE. We heard in November that the company had signed a $650,000 contract with an unnamed Northern European client to develop and manufacture military antennas. It was a timely reminder that while most of the antenna division activities focus on business to business tech like RFID and 5G, it also supplies tactical and comms antennas to airbone and naval vehicles like military planes and submarines. Defence is a steady earner for any company, and contracts once secured tend to be renewed across multiple years. Then the technology can be repackaged and sold into non-military markets. There’s a lot going for MWE. It’s been one of my best buys of 2020 and I’m looking to pick up a large tranche more on any short-term weakness.
rivaldo: Allenby's previous target price was 46p in mid-November - when the share price was already well above 50p. Analyst price targets are useful in many cases, but one's own intuition and knowledge are often just as if not more valuable.
spaceparallax: That would be nice Igoe - a fair way off atm, but the outlook is very positive. I wonder whether the likes of Nokia might see value in incorporating the MWE antenna knowhow into their business, in which case such lofty share price heights might be attainable in that timescale. Otherwise, I'm very happy to see, long overdue, steady progress.
spaceparallax: Great recovery at close. There was a time when tiny sells would cause drastic dips in share price - thank goodness those times are gone. MWE have become a solid smallcap with telling interests in highly relevant growth areas, a good and growing order-book and with the financial muscle to enable that growth plus deep enough pockets to desensitise the share price The future here is very bright.
spaceparallax: Modest trading so far today and a majority sells. After the phenomenal recent rise, I'm impressed by how resilient our new share price seems to be - doubtless there will be modest retracement, but we now have an established higher platform on which to build. I would expect a few more contract wins over the coming weeks/months that should act as the catalyst for further progress. Right now MWE is an exciting, secure place to be plus the prospect of a decent divi.
rivaldo: Another tip for MWE, suggesting the share price could double to 107p.... Not the most in-depth analysis I've ever seen (!), but good to see anyway, particularly from a charting point of view: Https://
rivaldo: Allenby Capital have this morning increased their price target to 63p (from 46p). They've retained their prior forecasts for $4.27m adjusted profit, with revenue down and EBITDA up given today's update. The new 2.9p EPS for this year is simply a rounding difference away from the prior 3p EPS, with 3.39p EPS and 3.79p EPS going forward: Http:// Zipstuck, you forget that, as I posted earlier, the forecasts are for adjusted EPS after removing amortisation - MWE only post the basic unadjusted EPS. Here's Allenby's summary: "Profit growth on track Today’s update demonstrates 20% operating profit growth at the technology group specialising in comprehensive radio frequency communication solutions across multiple sectors for the first nine months -a function of revenue growth (+2%) coupled with cost savings and operating leverage. A good performance given the global backdrop. EBIT margin increased 150bps to 10.1% and this higher margin means MTI remains on track to meet our FY20 profit forecasts albeit on a lower revenue base and we reduce revenue forecasts by 6%. We anticipate limited cost inflation in FY21 and hence profit forecasts remain unchanged but we trim revenue. We also introduce FY22 forecasts. MTI has a diversified business and each division can point to structural growth drivers. Despitea good share price performance this year (+28%), the current price fails to reflect MTI’s track record and growth potential, balance sheet strength and yield. We set a new fair value (63pfrom 46p), equivalent to an FY21 EV/EBITDA of 11.4xfalling to 10.1x in FY22."
rivaldo: The meeting recording is now up and is perfect - congrats to InvestorMeet: Https:// Highlights: - already confident in meeting full year expectations due to order books and cost savings - cost savings are sustainable going forward for H2 and next year, i.e heavily reduced sales and marketing, travel and exhibition costs, which normally comprise 13%-15% of revenues - H2 normally shows higher profitability, and this year that will especially be the case given COVID-19 - MWE have $7.9m net cash plus a $5.5m property (net of mortgage), i.e $13.4m of tangible asset value against the £32m m/cap - MWE have paid 5.5c of dividends in the last 3 years, i.e $4m of dividends Antennas - 5G is the biggest growth driver in Antennas, accelerated by COVID-19 - next year will see the big jump in 5G growth - the LTE/TV White Space segment is also seeing faster growth due to COVID-19, with more broadband into homes and offices - MWE are the "only company" who can provide both dual band and flat antennas - MWE are engaged with 4 of the top 7 radio manufacturers in the world, with over 30% of market share - but not with Huawei, so any loss of business by Huawei should benefit MWE Machine to Machine Water Management - China growth is coming this year for the water/irrigation division - since April Chinese growth has recovered - MWE have signed several new agreements in China in the last 2-3 months, including one for co-operation with a leading Chinese agricultural company, which has already resulted in product shipments - expanding in Peru and Chile and Sout America in general Distribution & Consulting - revenues are now coming through from product wins 2-3 years ago - Russian contract wins announced earlier this year will benefit next year onwards MWE are looking for profitable, earnings-enhancing acquisitions in wireless. They could also expand into wireless electricity management and into lighting in parks etc. EDIT - sorry Investographer, our posts crossed whilst I was typing!
Mti Wireless Edge share price data is direct from the London Stock Exchange
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