Mti Wireless Edge Ltd.

0.00 (0.0%)
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 0.0% 48.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
47.00 49.00 48.00 48.00 48.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Communications Equip, Nec 46.27 3.72 4.20 12.38 42.50
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 48.00 GBX

Mti Wireless Edge (MWE) Latest News (1)

Mti Wireless Edge (MWE) Discussions and Chat

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Date Time Title Posts
17/5/202310:08*** MTI Wireless Edge ***1,329
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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Posted at 17/5/2023 08:16 by rivaldo
Allenby Capital have retained their 90p fair value price target this morning.

With 1.01c EPS in the usually much quieter Q1, MWE have made a very good start to 2023 and look likely to beat the forecast of 4.28c EPS for the year imo.

Posted at 24/4/2023 12:32 by rivaldo
Brief update today from Allenby Capital with a 90p price target:


"Allenby Capital comment:

MTI's Mottech subsidiary has a number of long-term customers in the public sector where it helps customers reduce costs and water usage. Water scarcity and the smart use and efficient management of this vital resource remains a key global consideration and Mottech has demonstrated the ability to sell into multiple geographic markets but also expand into other markets (e.g. viticulture, fountain management). Mottech offers a proven solution based on Motorola's IRRInet control, monitoring and communication technologies. No change to forecasts or 90p/share fair value, equivalent to an FY24 EV/EBITDA of 13.0x"

Posted at 19/4/2023 07:34 by rivaldo
Good to see though - lovely long-term recurring income over 5 years is highly valued by the City.

And it shows the trust the municipality has in Mottech/MWE.

Thanks for the link igoe104. The main presenter's Buy verdict on MWE was good to see, but agreed re the rest - mostly gross generalisations/irrelevancies and missing the wood for the trees, with just a couple of valid points.

Posted at 14/3/2023 07:35 by rivaldo
Cheers SEC22, that's a nice read - here's a link:


Good to see also today's RNS noting that MWE have sold their 150,000 treasury shares at 50p. A nice boost to MWE's cash, and presumably an institutional holder has increased its stake.

Posted at 13/3/2023 16:00 by sev22
A lowly rated technology group offering a prospective 5.5% yield.

Higher government military spend, water scarcity and the growth of 5G networks are all supportive of an Israeli-based technology group.

March 13, 2023
By Simon Thompson

*Pre-tax profit up 5 per cent to $4.3mn on 7 per cent higher revenue of $46.3mn

*Strong growth in Summit electronics and antenna divisions

*Price increases at Mottech water management business to improve its profitability

Israel-based technology group MTI Wireless Edge (MWE:48p) delivered a robust set of annual results despite facing currency headwinds, exiting its Russian electronic distribution activities – which had previously contributed around $0.2mn of annual operating profit – and dealing with well-documented semiconductor supply chain issues.

The $1.2mn (£1mn) acquisition of a 51 per cent stake in PSK, an Israeli developer, manufacturer and integrator of communication systems and monitoring systems for the country’s defence market, proved a master stroke. Having successfully integrated the business after acquiring it in January 2022, PSK subsequently landed a $10mn contract with the Israeli Ministry of Defence, its contribution more than offsetting the loss of earnings from MTI’s Russian operations, which were sold in March 2022.

Strategically, PSK is enabling MTI’s Summit electronics unit to step up the value chain in the Israeli defence market by offering components to 40 international suppliers of radio frequency/microwave components as well as turnkey solutions (fixed and mobile communication, telemetry and signal intelligence systems). MTI’s Summit division increased annual revenue by 15 per cent to $16.6mn to deliver 25 per cent higher operating profit of $2.3mn, or half the group total.

Moreover, chief executive Moni Borovitz says that PSK has several significant tenders coming up this year, adding that the Summit electronics unit has completed a number of design wins, especially military solutions, for both existing and new customers. Analysts at joint house broker Shore Capital have taken note, pencilling in divisional operating profit of $2.42mn on revenue of $17.3mn in 2023, adding that their 5 per cent revenue growth assumption is conservative.

MTI has a $1.43mn contingent liability on its balance sheet relating to the PSK purchase, including a deferred earn-out and the cost of buying out the remaining 49 per cent. PSK earned an operating profit margin of 10 per cent on revenue of $4mn last year, so it’s already a bargain buy.

Switching on antenna growth.

MTI’s smaller antenna division has contract momentum, too. Last autumn, the unit won two contracts worth $1.25mn, including a 5G backhaul award in India, and has a “big pipeline of contract opportunities”, says Borovitz. Nato countries raising their defence budgets is highly supportive of demand for military antennas.

In the commercial market, the group is investing in innovative new technologies, notably the ongoing development of a new automatic beam steering (ABS) antenna solution for the 5G backhaul market. The technology counters small antenna mast movements that distort the signal, caused by wind and changes in temperature, an industry-wide challenge. Borovitz highlights significant interest from three tier-one customers and several tier-two customers, so is well-positioned to win contracts and deliver a material contribution to divisional revenue next year.

Having delivered 20 per cent higher operating profit of $0.33mn on revenue of $11.6mn in 2022, Shore Capital expect the antenna business to double its profit contribution this year on 10 per cent higher revenue. The accelerated profit growth mainly reflects operational leverage as a higher proportion of incremental gross profit earned in a positive sales cycle is converted to operating profit.

A climate change winner.

MTI is also a play on water scarcity, offering the agricultural industry, municipal authorities and commercial organisations the group’s Mottech's real-time irrigation monitoring, control and reporting software, a smart way to manage water consumption efficiently.

Admittedly, divisional operating profit fell 11 per cent to $1.84mn on 3 per cent higher revenue of $18.2mn in 2022. However, expect a return to profit growth this year – Shore Capital forecasts $0.1mn higher operating profit on $18.7mn of revenue – as the benefit of price increases enhances the profitability of the business.

Also, Mottech has expanded its service and product offering, winning a $0.5mn municipal contract in Israel to monitor and partially control more than 30 city fountains that had previously been operated individually. There is an opportunity to expand the deployment of the solution across multiple municipalities as well as increase adoption of another solution that measures the water available at the roots of plants to enable greater irrigation precision.

Modest valuation.

Shore Capital expects 2023 pre-tax profit to rise 12 per cent to $4.8mn on 5 per cent higher revenue of $48.8mn, sensible assumptions that reflect the divisional growth projections. Although a higher tax charge means earnings per share (EPS) are forecast to be flat at 4.2¢ (3.5p), the cash-generative group should be able to grow net cash by 13 per cent to $9.2mn (8.8p a share), enabling the board to maintain its progressive dividend policy, having raised the 2022 payout per share from 2.8¢ to 3¢ (2.5p).

MTI’s shares have marked time since the third quarter results (‘On the technology beat’, 21 November 2022), but on a cash-adjusted price/earnings (PE) ratio of 11 and underpinned by a prospective dividend yield of 5.5 per cent, this is an attractive entry point. BUY.

Posted at 13/3/2023 14:13 by kalai1
MTI Wireless Edge plc posted decent Finals for the year to December 31st 2022 this morning. Revenue was up 7% to $46.3m, adjusted EBITDA up 12% to $6.06m and EPS up 3% to 4.21c helped by economies of scale as the company grows. The balance sheet remains solid with net cash of $8.1m. Valuation is average with forward PE ratio at 13.3x, share price has been drifting lower for over 2 years and lacks positive momentum. MWE is a solid, steady growth business, but it is a share to monitor for the time being....

...from WealthOracle


Posted at 03/3/2023 10:10 by rivaldo
Nice recovery today. At 49.5p MWE are on an ex-cash P/E of only 12.1.

The results will be out soon on March 13th. Last year there was a trading statement on 14th February noting that profit would be "marginally lower" than expectations. This year there's been no such update, which logically means that MWE are trading nicely in line with expectations.

And the fact that MWE are announcing on a Monday morning is also hopefully a good sign :o))

Posted at 01/2/2023 10:56 by rivaldo
Good to see today's rise. Last year's year end trading update was 14th February, so not long to wait.

MWE have around 5p per share of cash, so with 4.4c EPS forecast this year by Allenby, i.e 3.65p EPS, MWE are at 50.5p on an ex-cash P/E of only 12.5.

Which seems very low imo given MWE's involvement in it three sectors of water management, 5G/telecoms and defence.

There's also a new article by Mottech about using Climate-Smart Agriculture to mitigate energy use in irrigation etc:


EDIT - no-one noticed my deliberate mistake of using 4.4p EPS instead of using 4,4c EPS! Now corrected...but a P/E of 12.5 remains cheap imho.

Posted at 22/11/2022 08:42 by rivaldo
Cheers :o))

And MWE have been tipped overnight by Simon Thompson in the IC:

"Ebitda up 14 per cent to $4.6mn on eight per cent higher revenue of $34.8mn in nine months to 30 September 2022

Operating profit rises 5 per cent to $3.5mn after one-off costs of PSK acquisition

Strong trading across all three divisions

Net cash of $5.2mn (5p a share) equates to 10 per cent of market capitalisation

Israeli-based technology group MTI Wireless Edge (MWE:51.5p) is realising material benefits from January’s $1.2mn (£1mn) acquisition of a 51 per cent stake in PSK, an Israeli developer, manufacturer and integrator of communication systems and monitoring systems for the country’s defence market.

Buoyed by contract wins including a $10mn award in the summer from the Israeli Ministry of Defence, and last year’s strategic agreement with a [undisclosed] major defence customer, MTI’s Summit electronics division increased operating profit by 40 per cent to $1.8mn on 19 per cent higher revenue of $12.4mn in the first nine months of 2022.

Representing 40 international suppliers of radio frequency/microwave components, the addition of PSK is enabling the unit to move up the supply value chain as well as offering turn-key solutions (fixed and mobile communication, telemetry and signal intelligence systems).The performance of the electronics unit was the key driver behind MTI’s eye-catching third quarter performance, the division delivering $0.67mn of quarterly operating profit, or more than half the total of $1.3mn, hence the 15 per cent profit growth reported for the third quarter.

Chief executive Moni Borovitz also highlights contract momentum in the group’s antenna division. For instance, last month MTI won two contracts worth $1.25mn including a 5G backhaul award in India, a key market for MTI. The country has recently completed a 5G auction that is expected to lead to rapidly increasing demand for new Eband towers. MTI isworking with five of the seven leading OEMs in the sector, so is well positioned to not only win contracts, but be able to fulfil them now that microchip componentsupply shortages are finally easing. In the third quarter, the antenna division delivered $0.16mn of operating profit, two-thirds more than in the whole of the firsthalf.

MTI offers investors exposure to climate change, too, through its Mottech real-time irrigation monitoring, control and reporting software offering. Municipal authorities, commercial organisations and the agricultural industry are all key end markets. Importantly, Borovitz reports a good level of renewals with key municipal customers, decent price increases, and a growing awareness of Mottech’s eco-friendly solutions which can reduce water consumption by more than a third. The division accounted for 36 per cent of MTI’s operating profit of $3.5mn in the nine-month trading period.So, with the order book in fine shape, and $4.58mn of house broker Shore Capital’s annual cash profit estimate of $5.7mn already booked, then MTI looks well on course to deliver the 10 per cent forecast rise in full-year pre-tax profit to $4.4mn on revenue of $45.7mn.

Analysts are looking for revenue of $48.8mn, cash profit of $6.2mn and pre-tax profit of $4.9mn in 2023, sensible projections in my view. On this basis, expect full-year earnings per share (EPS) of 4.1c (3.5p) to rise to 4.8c (4.1p) in 2023, implying the shares are trading on price/earnings (PE) ratios of 14.5 and 12.5, respectively.

Moreover, the board have a progressive dividend policy, having paid out 5.3c (4.5p)a share since I initiated coverage on the shares, at 40p (‘Alpha Research: Tapping into 5G climate change technologies’5 September 2020). Future pay outs are well underpinned by prospective free cashflow yields of 6.1 per cent (2022) and 8.3 per cent (2023) which in turn support forward dividend yields of 5 per cent (2022)and 5.5 per cent (2023).

Admittedly, MTI’s shares have drifted 10per cent since I covered the interim results(‘A smart play on defence spend, climate change and 5G’, 15 August 2022), albeit in an unfavourable market for technology shares. However, the investment case remains sound and the rating is modest for a cash-rich company servicing keym arkets which offer attractive structural growth: demand for next generation 5Gnetworks; climate change; and increased defence budget spending. Buy."

Posted at 12/9/2022 11:00 by robsy2
In accordance with the Company's Share Repurchase Programme, MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announces that 50,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company ("Ordinary Shares") were purchased by the Company on 9 September 2022, at a price of 54 pence per share. These shares will be held as treasury shares.

Following this transaction, the Company holds 50,000 Ordinary Shares in treasury.

I guess they hold them and resell them to interested investors. The idea being to buy the shares when the directors think they are cheap and feed them back to investors when the share price has increased and/or the shares are in demand?
Would that be how this works?

Mti Wireless Edge share price data is direct from the London Stock Exchange
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