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 -2.5% 78.00 85,234 16:26:29
Bid Price Offer Price High Price Low Price Open Price
77.00 79.00 80.50 78.00 80.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 24.93 2.97 2.80 28.0 69
Last Trade Time Trade Type Trade Size Trade Price Currency
15:29:13 O 1,000 78.00 GBX

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27/8/202113:35*** MTI Wireless Edge ***1,071
05/8/201813:43MTI Wireless (MWE) One to Watch on Monday -
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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 80p.
Mti Wireless Edge Ltd. has a 4 week average price of 75.50p and a 12 week average price of 67p.
The 1 year high share price is 92.50p while the 1 year low share price is currently 41.50p.
There are currently 88,538,724 shares in issue and the average daily traded volume is 49,226 shares. The market capitalisation of Mti Wireless Edge Ltd. is £69,060,204.72.
rivaldo: Good H1 results this morning - also reported nice and quickly, which is a sign of a well-run company. MWE has some seasonality, so H2 is generally better than H1 and MWE look well placed to meet (or beat) forecasts. Cash inflows were extremely good at $3.1m from operations, so MWE now have a $9.7m cash pile - more than 10% of the market cap - despite paying the dividend in the period. All three divisions have excellent prospects and the outlook is positive. Antennas' profit surged in the period despite a small drop in revenues, whilst water and distribution both increased revenues nicely with varying effects on profits, and overall 13% rise in net profit is an excellent result imo in the current environment. To sum up: " Moni Borovitz, Chief Executive Officer of MTI Wireless Edge, said: "This has been another good trading period for the Company. We are winning new, and retaining existing contracts, and several of the new contracts we have won are with substantial corporations which may well lead to greater opportunities in the future. Alongside this, we made solid progress across all three divisions and as a result we are well placed to continue to grow our revenue streams and profitability."
sev22: Tap into a cash generative technology growth stock. A little known cash-rich technology group has just reported 25 per cent organic profit growth driven by strong ongoing structural growth in its three main end markets. June 15, 2021. By Simon Thompson. • First-quarter pre-tax profits increase 25 per cent. • Net cash up 10 per cent year on year underpins forecasts of double-digit dividend hike. • All three divisions performing well. Shares in Israeli-based technology group MTI Wireless Edge (MWE:65p) have succumbed to profit taking since I covered the annual results (‘Small-caps with upgrade potential’, 1 March 2021), having doubled in value in the previous six months after I initiated coverage, at 40p (Alpha Report: ‘Tapping into 5G and climate change technologies’, 4 Sep 2020). First-quarter results and news of further contract wins indicate that the share price reversal is seriously overdone. Indeed, MTI increased pre-tax profit by 25 per cent to US$0.9m on 4 per cent higher revenue of US$10m in the three months to 31 March 2021. The growth was organic as one would expect given that all three of MTI’s divisions have robust trading prospects driven by ongoing structural growth in their respective end markets: global warming and climate change; increased defence budget spending; and demand for next generation 5G networks. MTI’s wireless water control and management systems division addresses water scarcity by using Motorola's IRRInet state-of-the-art communication technologies. The business continues to win new contracts, the latest being a Can$300,000 award from a major Canadian City. That contract endorses MTI’s decision to open a new office in Alberta, with a view to increasing recurring revenue from service and maintenance contracts and to be closer to end customers. MTI also extended a contract worth US$2.5m with a leading Israeli municipality for another two to four years. Global warming is accentuating the need to source more efficient irrigation systems that reduce water and power usage, a factor that is underpinning the strong demand for MTI’s technology. MTI’s Summit electronics division, which represents 40 international suppliers of radio frequency/microwave components and sells these products to customers in Israel and Russia (fifth of divisional revenue), has reported another strong quarter, buoyed by ongoing demand from its core customer base in the defence and technology sector in Israel and Russia. Importantly, demand for future design solutions remains high, a leading indicator of future trading prospects. The group’s antenna business only made a small operating profit last year, but it’s starting to pick up larger contracts for 5G backhaul antennas as mobile network operators roll-out higher bandwith 5G services. The business is likely to gather momentum, too. Chief executive Moni Borovitz notes that “the Covid-19 pandemic has emphasised to the world the importance of mobile connectivity and this has accelerated the global roll-out of 5G services. Take-up of our 5G backhaul solution is moving ahead positively.” Another key take for me is the group’s bumper cash performance. Even though MTI paid out a US$2.2m dividend in March, net cash increased by 10 per cent to US$9.5m year on year, a sum worth 7.5p a share. This adds weight to analyst expectations of a further double-digit increase in the dividend to 2.8¢ (2p) in 2021, implying the shares offer an attractive prospective dividend yield of 3 per cent and one that is also well underpinned by excellent prospects of strong earnings growth in the coming years. Analyst David Johnson at house broker Allenby Capital is maintaining his full-year pre-tax profit and EPS estimates of US$4.9m and 3.14p, up from US$4.05m and 2.7p in 2020, implying MTI’s shares are rated on a cash-adjusted price/earnings (PE) ratio of 18 after factoring in forecast year-end closing net cash of US$10.2m (8.3p a share). Based on annual revenue increasing by 6 per cent in both 2021 and 2022 to US$43.4m and US$46m, respectively, Allenby expects MTI to increase pre-tax profit and EPS to US$5.45m and 3.5p in 2022, implying the shares are priced on a cash-adjusted forward PE ratio of 15.7 for the 2022 financial year after accounting for a year-end projected cash pile of US$12.1m (9.7p a share). That’s not a punchy rating for a company forecast to increase EPS by 30 per cent over the 2021 and 2022 financial years, and one that also offers a progressive dividend policy. It’s my view that the profit taking since my last article represents a repeat buying opportunity and I maintain my 100p upgraded target price. BUY.
rivaldo: Allenby Capital have issued a new update summary, with a 95p target: Http://www.allenbycapital.com/research_1224_1267423250.pdf "MTI Wireless Edge Ltd* (MWE.L, 68.0p/£60.2m)Q1 update: Solid start to FY21 and outlook positive (19.05.21) Note published Allenby Capital comment: Solid start to FY21 by MTI Wireless Edge Ltd, the technology group specialising in comprehensive radio frequency communication solutions across multiple sectors, with Q1 revenue growth of 4% to $9.95m and EBIT +14% to $0.96m, reflecting operational gearing. There was strong cash generation with net cash up 10% to $9.95m despite paying the FY20 dividend of $2.2m in March (the FY19 dividend was paid in April 2020). Each of the three divisions (Antennas, Water Solutions (Mottech) and Distribution & Consultation (MTI Summit)) remained profitable with the bulk of the growth coming from Mottech. The outlook remains positive with structural growth drivers for each division (5G roll out, water scarcity and growth in the international defence market) and the disruption caused by COVID-19 is starting to dissipate. Forecasts and fair value of 95p/share remain unchanged, equivalent to an FY21 EV/EBITDA of 19.1xfalling to 16.9x in FY22. The current share price offers a yield of 2.8% in FY21 and 3.0% in FY22."
rivaldo: MWE are looking very good value again. The m/cap is now £61m. MWE have a £7m cash pile. With 3.16p EPS forecast this year, the ex-cash current year P/E is now down to around 19, which is pretty decent value for a growth company expecting a number of years of sustained growth in 5G/antennas, water management and defence/tech consultancy. Plus MWE have a $2.7m freehold property as further asset backing. Plus the share price is now well below the 80p which Herald and other institutional investor were willing to pay for a large block of shares only last month.
rivaldo: Great to see such interest in MWE's shares from "institutional and other investors" at 80p. This should put a new floor on the share price and will add liquidity and general investor interest here. Various directors etc have sold only small proportions of their holdings, which is quite understandable after such a vertiginous share pruce rise and given the previous lack of liquidity. They all still have very substantial ownership of the company. The post-results presentations MWE talk about today must have been extremely well received!
rivaldo: Cheers aspringo - here it is: Https://www.investorschronicle.co.uk/ideas/2021/03/01/small-caps-with-upgrade-potential/ "Small-caps with upgrade potential Earnings momentum is the key driver of share prices, so it pays to know when a company is likely to beat expectations. Simon Thompson highlights two small-cap companies where both the earnings and investment risks are pointing to the upside. March 1, 2021 By Simon Thompson Significant upgrades to net cash position Better-than-expected adoption of wireless water control systems Chief executive Moni Borovitz of Israeli-based technology group MTI Wireless Edge (MWE:83p) was in bullish mood during our results call. He has every reason to be, having reported 19 per cent higher annual pre-tax profit of US$4.05m (£2.9m) despite the impact on sales in certain markets due to the Covid-19 pandemic. Although cost savings flattered the bottom line, Mr Borovitz notes that over US$300,000 of savings made will be permanent. He also highlights multiple growth drivers that should underpin another year of stellar growth. For example, MTI’s wireless water control and management systems that address water scarcity by using Motorola's IRRInet state-of-the-art communication technologies are proving a hit in French vineyards. Having launched its Tethys product in the country last year, the system is already installed in 500 vineyards, an outcome that is “much better than we expected”. The technology is proving a big hit in the Americas, too, hardly surprising given the twin effects of climate change and water scarcity. The opening of a new office in Alberta, Canada, places MTI in a good position to win more business. MTI has also been winning new service contracts for municipalities (remote water irrigation systems for parks, for example) in Australia, Israel, and Asia. MTI’s water control division increased operating profit by 23 per cent to US$1.92m in 2020 on slightly lower sales of US$16.2m, and looks well set to deliver another year of strong growth in 2021, and well beyond. The same is true of MTI’s Summit electronics division, which represents 40 international suppliers of radio frequency/microwave components and sells these products to customers in Israel and Russia (fifth of divisional revenue). The majority of design wins are for defence-related systems and new wireless applications in commercial markets. For example, a key specialist area of expertise is the tethered balloon sector (15 per cent of divisional revenue), a segment that is expected to continue making a strong contribution during 2021. MTI is also cross-selling its wider product offering to clients to boost sales. MTI Summit has strong operating leverage, whereby increasing amounts of incremental gross margin earned convert into operating profit as sales rise. This explains why the unit delivered 31 per cent higher operating profit of US$1.6m on revenue up 18 per cent to US$13.7m in 2020. True, MTI’s antenna business only made a small operating profit of $0.16m on revenue of US$11.2m, but it’s winning contracts including one with a new North European customer for military antennas. The business is also starting to pick up larger contracts for 5G backhaul antennas, which support mobile phone operators roll-out of their 5G networks, helping to transfer the data from mobile users to the operator’s network. MTI has sales arrangements with four of the seven manufacturers of mobile infrastructure networks, so is well placed to benefit from an expected surge in demand as operators upgrade their cellular network infrastructure to 5G. Another feature of MTI’s results was far better-than-expected closing net cash of US$9.4m (7.6p a share), which smashed house broker Allenby Capital’s US$7.6m forecast. Furthermore, with analyst David Johnson expecting pre-tax profit to surge 21 per cent to US$4.9m on 6 per cent higher revenue of US$43.4m in 2021, then cash will continue to build. Indeed, Mr Johnson lifted his 2021 closing net cash estimate by 22 per cent to US$10.4m (8.4p) and his 2022 forecast by 28 per cent to US$12.2m (10p). On this basis, MTI’s shares are rated on a cash-adjusted price/earnings (PE) ratio of 23.5, falling to 20.5 in 2022. In addition, with MTI’s cash position outpacing expectations, it’s not only good for dividend prospects – 2020 final dividend was hiked 25 per cent to 2.5¢ (1.8p) a share – but is value accretive to shareholders. MTI’s shares have doubled in value since I initiated coverage (Alpha Report: ‘Tapping into 5G and climate change technologies’, 4 Sep 2020), and I feel that the re-rating has 20 per cent further to run to my new 100p upgraded target price. Buy."
spaceparallax: Ig, it would be nice to hear of the tangible effects of the Nokia rollout upon the MWE business. Is it conceivable that the antennae could become so fundamental that it would be in Nokia's interests to bring MWE in house; obviously, this would require a significant multiple of today's share price My preference would be for MWE to remain independent, but at a price of GBP10 per share I wouldn't grumble too much.
spaceparallax: Ay up Neil, you've done well; however, this is a share that has been much undervalued for several years despite posting solid fundamentals showing modest progress. The shrewd acquisitions made in recent years have positioned MWE to flourish in strong growth areas, this is evidenced by the contract wins, strong results and very positive sentiment expressed by the Board. Due to their very low gearing and strong cash pile the Company has, in recent months, been able to operate a buyback policy that is proving effective in neutralising the malign influence upon the share price of trading and financial instruments. Consequently we're seeing a strong rise in share price to reflect not only the fundamentals but also the very positive outlook for their offerings. A few of us here are genuine investors who study the market and see opportunities worth investing in for the longer term; sadly, this is outside the interests or beyond the comprehension of those who choose to try to make money by day trading or betting on FIs. In the gambling arena punters may win occasionally but seldom know when to stop, which is why the bookmaker always wins (see the banner proclaiming C75% losers on most platforms). Occasionally bashers will pop up declaring their own genius and inability to lose; empty vessels and all that. MWE pay a good divi and are growing very nicely so I'm happy to remain invested for as long as the fundamentals and prospects look good. I don't need the money in the forseeable future so see no point in fleeing a good situation for a poorer one. Good luck.
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. https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=0ahUKEwjjmcvkuv_tAhUDsXEKHb5FDzsQxfQBCFMwBA&url=https%3A%2F%2Fwww.valuethemarkets.com%2F2020%2F12%2F30%2F5g-a-key-investment-theme-for-2021%2F&usg=AOvVaw0v4zTqerTIWQiKKJ7NVyxr 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.
Mti Wireless Edge share price data is direct from the London Stock Exchange
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