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MWE Mti Wireless Edge Ltd.

44.00
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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% 44.00 42,437 08:00:00
Bid Price Offer Price High Price Low Price Open Price
43.00 45.00 44.00 44.00 44.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 45.63M USD 4.05M USD 0.0466 9.44 38.23M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:40:07 O 2,266 43.90 GBX

Mti Wireless Edge (MWE) Latest News

Mti Wireless Edge (MWE) Discussions and Chat

Mti Wireless Edge Forums and Chat

Date Time Title Posts
12/12/202416:49*** MTI Wireless Edge ***1,502
30/3/201920:38MTI WIRELESS - WORLD CLASS ANTENNAS1,895
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
15:40:0943.902,266994.77O
14:56:5043.201,857802.22O
13:30:2444.0422,6939,994.00O
10:57:0843.0015,3716,609.53O
09:30:3744.20250110.50O

Mti Wireless Edge (MWE) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 by Mti Wireless Edge Daily Update
Mti Wireless Edge Ltd. is listed in the Communications Equip, Nec sector of the London Stock Exchange with ticker MWE. The last closing price for Mti Wireless Edge was 44p.
Mti Wireless Edge currently has 86,890,724 shares in issue. The market capitalisation of Mti Wireless Edge is £38,231,919.
Mti Wireless Edge has a price to earnings ratio (PE ratio) of 9.44.
This morning MWE shares opened at 44p
Posted at 12/12/2024 09:52 by alan@bj
Let's just hope they don't look to take it private at a bargain price.
Posted at 12/12/2024 09:38 by rivaldo
IMO the directors are buying to take advantage of a bargain share price given the fundamentals, the cash pile and the prospects.

MWE have been a quoted company for many years now. The directors have had plenty of opportunities to take the company private at cheaper prices when the share price was 25p, 30p, 35p...but they haven't.

I suspect the stock market listing gives them the credibility and sound footing which their mainly blue chip clientele (4 of the top 7 global telcos for example) require.

MWE are on the cusp of seeing all 3 divisions take off given the global rise in defence spending, the increasing implementation of 5G and the need for usage and cost savings in water irrigation and distribution.

All JMO of course, and I could be wrong! Anyway, the large director buying just before the year end is hopefully a positive indicator of what the year end trading statement will bring - it would seem nonsensical to be doing so otherwise.
Posted at 11/12/2024 09:40 by rivaldo
Extremely heavy director buying just before the year end...perhaps a bit of a clue to the year end results :o))

The CEO and Chairman's family company have bought £150,000 of shares and now own 33.11% between them.

Plus the Beer family have bought £193,000 of shares and now own a further 11.19%.

And MWE themselves bought in another 100,000 shares:
Posted at 25/11/2024 08:55 by rivaldo
Solid Q3 results, helping the nine months' EPS up 11% to 3.6c.

There's also almost $5m in the bank after $1.1m of buybacks.

Most importantly the outlook remains positive short and long-term, with 5G, defence and irrigation/water conservation all key global sectors for investment for the foreseeable future:

- "Q4 has begun well"
- new antenna solution now moving into pre-production
- MWE's own wireless irrigation controller being introduced
- Indian 5G sales rising on "new orders from a leading cellular service provider"
- "Increased demand for military antennas globally"
- Summit expected to have an improved Q4 for a number of reasons



Incidentally, Shares Magazine states that the Miton UK Microcap trust may well simply be "rolled into another of Premier Miton’s open-ended funds, so this may not be the end of the road for investors."
Posted at 19/11/2024 20:21 by cerrito
Note that MINI the Miton micro cap Investment Trust is going through a corporate reorganizatuon which may entail them aelling all or some of their MWE shares which at April 30 this year were valued at £1.26m.
You may want to follow how the MINI situation evolves.
Posted at 20/9/2024 08:42 by rivaldo
200,000 shares bought back at 46.5p is unusually large - hopefully a sign of how confident MWE are at this point.
Posted at 17/9/2024 08:11 by rivaldo
Techinvest's recent September issue reviewed the interims as follows and concluded (noting too that MWE had a 4.7p per share cash pile):

"A strong performance from the Antenna division was driven by a high level of demand for both military antennas and the group’s 5G backhaul antenna solution. This trend looks set to continue, with significant order backlog and an increased number of opportunities in the pipeline. Despite lower sales for Mottech,
profitability in the first half was substantially higher, reflecting a higher margin business mix and successful price increases.

The board reported that third quarter trading in the division has started well and prospects in Europe for the fourth quarter onwards in particular look positive.

The long-term driver for Mottech is the continuing global problem of water scarcity. According to figures from UNESCO, 2.2 billion people still live without access to safely managed drinking water and 3.5 billion lack access to safely managed sanitation. Moreover, the problem of water scarcity is no longer restricted to underdeveloped countries located close to the equator, with the issue now affecting significant parts of Europe where water levels are dangerously low.

Mottech has established a strong position in this market segment through its remote control and monitoring solutions for water and irrigation applications.

Trading on a prospective P/E of 11.5 for the current year, and offering a useful dividend yield of 6.2% for investors who like to have some income, the shares remain an attractive proposition. Buy."
Posted at 04/9/2024 06:18 by rivaldo
Another 50k of shares bought back yesterday means that MWE have now bought back a sizeable 1.813m shares in total.

This year's H2 and full year EPS will of course benefit nicely, plus MWE will also save on the cost of the forecast 3.4c dividend (unless MWE re-sell the shares at a profit as they've often done previously).

This unusually large level of buybacks reflects the similar amount of confidence shown in their recent outlook statement:
Posted at 21/8/2024 08:06 by rivaldo
Agreed - good H1 results which make MWE look extremely good value at these levels.

Most importantly the outlook for the year is extremely optimistic. With 2.14c EPS achieved in the usually seasonally weaker H1, MWE are on course to certainly meet and potentially beat the forecast of 4.5c EPS this year:

"Outlook

Demand for our products is high and enquiry levels for potential future projects is at an all time high, largely relating to the global defence sector. Trading in Q3 has been positive so far and we are hopeful of securing some material contracts in the second half of the year. Overall, the business is well placed with good visibility on potential future contracts which will support the prospects for the business into 2025 and beyond."

With the three core drivers for the company being defence spending, water efficiency/scarcity and 5G, prospects will remain bright for many years to come.

And MWE are well funded for such growth - they currently have $5.5m of net cash which is forecast to rise to $9.3m at the year end - over 20% of the m/cap by itself.

It's also good to see the share buyback programme being expanded to £1m as an additional sign of confidence going forward.
Posted at 12/6/2024 11:10 by rivaldo
Techinvest said Buy in the new issue this weekend, noting that MWE has net cash of 7.6p per share and concluding:

"Recent contract wins from MTI have been impressive and the shares continue to look good value on a prospective P/E for fiscal 2024 of 12.7 and price-to-sales ratio of just 1.1. Quality metrics are also attractive, with operating margins of 10.2% and return on capital of 14.7%. The cash-rich balance sheet adds further support. Continue to buy."

They also hold MWE in their Portfolio, and noted here:

"Solid first quarter results from MTI Wireless Edge helped lift the shares. Cash generation was particularly strong, contributing to an increasingly healthy cash balance for the business. The share price has increased by 24.6% this year, but we feel that the upward re-rating has further to run given the quality of the underlying assets."
Mti Wireless Edge share price data is direct from the London Stock Exchange

Mti Wireless Edge Frequently Asked Questions (FAQ)

What is the current Mti Wireless Edge share price?
The current share price of Mti Wireless Edge is 44p.
How many Mti Wireless Edge shares are in issue?
Mti Wireless Edge has 86,890,724 shares in issue.
What is the market cap of Mti Wireless Edge?
The market capitalisation of Mti Wireless Edge is GBP 38.23 M.
What is the 1 year trading range for Mti Wireless Edge share price?
Mti Wireless Edge has traded in the range of 31.00p to 53.50p during the past year.
What is the PE ratio of Mti Wireless Edge?
The price to earnings ratio of Mti Wireless Edge is 9.44.
What is the cash to sales ratio of Mti Wireless Edge?
The cash to sales ratio of Mti Wireless Edge is 0.84.
What is the reporting currency for Mti Wireless Edge?
Mti Wireless Edge reports financial results in USD.
What is the latest annual turnover for Mti Wireless Edge?
The latest annual turnover of Mti Wireless Edge is USD 45.63M.
What is the latest annual profit for Mti Wireless Edge?
The latest annual profit of Mti Wireless Edge is USD 4.05M.
What is the registered address of Mti Wireless Edge?
The registered address for Mti Wireless Edge is 11 HAMELACHA STREET, AFEK INDUSTRIAL PARK, ROSH HAAYIN, CENTER, 48091.
What is the Mti Wireless Edge website address?
The website address for Mti Wireless Edge is www.mtiwe.com.
Which industry sector does Mti Wireless Edge operate in?
Mti Wireless Edge operates in the COMMUNICATIONS EQUIP, NEC sector.

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