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MWE Mti Wireless Edge Ltd.

45.50
2.00 (4.60%)
10 Oct 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
  2.00 4.60% 45.50 28,981 14:23:02
Bid Price Offer Price High Price Low Price Open Price
44.00 47.00 45.50 43.50 43.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 45.63M USD 4.05M USD 0.0466 9.76 37.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:22:50 O 5,500 46.00 GBX

Mti Wireless Edge (MWE) Latest News

Mti Wireless Edge (MWE) Discussions and Chat

Mti Wireless Edge Forums and Chat

Date Time Title Posts
26/9/202410:12*** MTI Wireless Edge ***1,491
30/3/201920:38MTI WIRELESS - WORLD CLASS ANTENNAS1,895
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 (MWE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:22:5046.005,5002,530.00O
12:06:5646.002,000920.00O
11:08:4945.966730.79O
11:08:4845.9610849.64O
10:59:5046.0010,0004,600.00O

Mti Wireless Edge (MWE) Top Chat Posts

Top Posts
Posted at 10/10/2024 09:20 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 43.50p.
Mti Wireless Edge currently has 86,890,724 shares in issue. The market capitalisation of Mti Wireless Edge is £39,535,279.
Mti Wireless Edge has a price to earnings ratio (PE ratio) of 9.76.
This morning MWE shares opened at 43.50p
Posted at 26/9/2024 07:25 by igoe104
Another contract win.
Posted at 24/9/2024 09:04 by 049balt
What a resilient company mwe is, just a pity it is based in Isreal at the present time.
Posted at 24/9/2024 07:27 by rivaldo
Big news - the first 5G contract win in India. The initial win is for $700,000 and is with "one of India's leading cellular service providers". Above all:

"if the initial order is delivered on schedule, further orders will be forthcoming. The Group estimates that these further orders will be considerably larger multi-million US Dollar orders."

Note also the headline to the RNS - "Indian Contract Win Adds to Strong Orderbook for 5G" - confirming that 5G demand elsewhere continues to grow:
Posted at 20/9/2024 09:42 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 09:11 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 07:18 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 22/8/2024 09:26 by rivaldo
Allenby have also issued an update, with a 75p fair value. They estimate 4.56c EPS and $8.7m net cash this year and summarise:

"Solid H1; encouraging signs in Q3

Solid H1 from the technology group focused on comprehensive communications and radio frequency solutions, with each division (Antennas, Mottech and MTI Summit/PSK) remaining profitable. Group revenue was flat at $22.3m but there was good growth in EBITDA (+18% to $3.3m), reflecting a more favourable business mix and cost control, and cash remains strong at $5.5m (FY23: $8.8m), following the FY23 dividend ($2.7m) and share purchases ($0.6m). This latter facility has been increased by £0.3m.

Q3 has started well with demand for products remaining high and enquiry levels for future projects at an all-time high, largely relating to the global defence sector. There are also encouraging signs for Mottech, particularly in Europe, and there is good interest in MTI’s 5G backhaul antenna solution, although the timing of contracts here remains unpredictable. The domestic situation remains challenging but our unchanged forecasts assume a return to revenue growth in H2 and we retain a 75p/share fair value."

"Outlook: Product demand is high and enquiry levels at record levels. Q3 trading has been positive, and MTI remains hopeful of securing material contracts in H2."
Posted at 21/8/2024 09:06 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 12:10 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."
Posted at 01/2/2024 07:26 by rivaldo
A sizeable 150,000 shares bought back by MWE at 35.45p yesterday, and they now have 470,000 shares sitting in treasury.

These are unusually large buybacks for MWE. One would hope that they're buying these amounts back in the knowledge that any upcoming trading update or numbers relating to last year are likely to be positively received by the market and prove that the current share price is cheap as per the fundamentals posted by Robsy2 above. Otherwise this would be an extremely strange route to take!
Mti Wireless Edge share price data is direct from the London Stock Exchange

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