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
  0.00 0.00% 23.00 0.00 07:43:36
Bid Price Offer Price High Price Low Price Open Price
22.00 24.00 23.00 23.00 23.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 27.81 2.08 2.12 10.8 20.0
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
25/6/201910:51*** MTI Wireless Edge ***25
05/8/201813:43MTI Wireless (MWE) One to Watch on Monday -
20/6/201715:18MTI WIRELESS EDGE LTD, Tech Growth Share.469
11/10/200811:02Heading down again?68

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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 23p.
Mti Wireless Edge Ltd. has a 4 week average price of 23p and a 12 week average price of 22p.
The 1 year high share price is 28p while the 1 year low share price is currently 16.50p.
There are currently 86,978,724 shares in issue and the average daily traded volume is 15,123 shares. The market capitalisation of Mti Wireless Edge Ltd. is £20,005,106.52.
dangersimpson2: They already pay a pretty chunky dividend and are delivering growth on a number of fronts. Given that the share price fell 20% on little volume in the 1-month close period prior to this quarter's results and has now stabilised due to the buyback mopping up the small sells, and they are buying back at a small premium to book value then it seems the ideal use of spare capital in the business to me.
cjohn: They are over-prudent. At this price, they could be more ambitious. At least, it's a declaration that management think the share price is manifestly below intrinsic value.
cjohn: Hi Sig, this is not an infrequent occurence with small caps, which are thinly followed. If there WEREN'T price anomalies, it would be impossible to make money on shares. (Markets are imperfectly efficient, fortunately.) The current share price is a bargain; buy more if you aren't already heavily exposed. It should be noted though that the merger has changed the financial characteristics of the company. Overall, it's more asset-light than before; hence support for the share rpice comes from rading rather than the tangible asset backing. This makes the share riskier, but also with mnore potential upside.
dangersimpson2: I think the recent share price weakness has been in response to the merger. The risk of course was that it was being used to hide poor trading or force a combination on terms that disadvantaged existing minority MTI Wireless holders. Always still a possibility but I didn't find anything in the merger documents that seemed unreasonable. If we get interim results for the combined group in the next month or so that look ok we should be back to more reasonable trading levels.
elited10: Space, take a look at the timings on their site; great, you can watch what happens to the price between 1st and 7th March and make your decision just before the 22nd! Why the share price isn't a lot higher is beyond me.
cjohn: Yes, the dividend is now attractive in its own right. 5% at current share price.
cjohn: And so we now have a new contract announcement today, which gives the other side of the coin to the "negative" update of just prior to the recent results. You will remember that they took more costs on the military contract in the third quarter than expected. This pushed the antennae división into a slight loss for the 90 days; and the share price dropped in a classic market over-reaction to this "news". They've now won another large contract from the same military client. In the last quarter, they're going to recognise more of the revenue of the original contract and follow up contracts from the same customer. The guidance is absolutely clear, the $2m of contracts with this new client are highly likely to be followed over the next few years by others of a higher value.
cjohn: Momentum buyers buy on momentume. So it wouldn't be a surprise if some of the new investors here were attracted by a rising share price. In my view, however, these are still undervalued if you take into account trading prospects and assets. The Mottech acquistion has added the prospect of rising earnings to the then existing very attractive asset postion and decent company culture.
cjohn: There has been no significant upgrade. Nor is there any new news about Mottech. There is unlikely to be a takeover in the offing, given the percentage holding of the directors. For several years these were valued at a fraction of cash and freehold property and could be bought for mid single digits. At that point, most of the comment on here was of the ilk that the directors were crooked and had ripped off investors and the company was doomed. Very good to see that a rising share price has put paid to all such idiocy - and produced some florid optimism.
Mti Wireless Edge share price data is direct from the London Stock Exchange
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