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MWR - MGM Wireless

Discussion in 'Stocks I-P' started by amohonour, Oct 31, 2005.

  1. amohonour

    amohonour

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    Has anyone looked at this one lately? Seems to be getting its act together. Looks like a good future coming up. Has drawn some attention of late and the shares are tightly held.

    They said previously that they wanted to go from 100 schools to 300 in the financial year they are at 180 and growing. These have on going annual fees excellent opportunity to get in on the ground floor.
     
  2. amohonour

    amohonour

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    Re: MWR - MGM Wireless Ltd.

    Great story about this on television tonight. Schools very positive, over 180 schools and great response even from some students.
     
  3. johnno261

    johnno261

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    Re: MWR - MGM Wireless Ltd.

    Real niche little company. I've been on this stock since Feb. I am glad that technology was'nt as advanced when I was at school!!!!!
     
  4. amohonour

    amohonour

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    Re: MWR - MGM Wireless Ltd.

    all i can say is definately put this on your watchlist or study and get on board going to be huge
     
  5. johnno261

    johnno261

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    Re: MWR - MGM Wireless Ltd.

    Should be interesting to see this company grow once a greater % of schools Australian wide use their sms service!!!
     
  6. johnno261

    johnno261

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    Re: MWR - MGM Wireless Ltd.

    Not much has been mentioned about this little fella for sometime here in ASF, but those whom hold are watching it go up and up!! Been nearly a 300% for me in the past 11 months.Half year figure should be very interesting with MWR with more and more schools coming on line or should I say on SMS!!!!
     
  7. Kipp

    Kipp Lord of the Ledgers

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    Re: MWR - MGM Wireless Ltd.

    Heya Johnno and Amo.
    I only had a look at the comp after reading your posts, so I don't know to much about (just going from thier website and Ann reports) but I have a few questions you might now.

    Assuming that revenue kept pace with Sept QTR and comes in at around 3mill for the year, What are your predictions for NPAT for '06?

    Do you know the details of their Intelluctual Property arrangements? I mean, I know there is already a competior to MGM in QLD (albeit with a much smaller market share) but what is stopping other companies from copying their product? Cause an SMS system can't be that complicated...I just think this could be a big barrier to MGM wireless tapping the O/S markets in the U.S. Italy etc.

    Lastly, (and this is very newbie question, sorry) why has MGM contiued to issues shares to raise capital rather than seeking loans? I can appreciate that this is an interest-free means of accumulating capital, but surely some debt isn't such a bad thing for a company (as opposed to the 4 million of "accumulated losses" on their Ann Report for '05).
    Thanks.
     
  8. Kipp

    Kipp Lord of the Ledgers

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    Any ideas when the next QTR report will be released? The end of Jan I'm assuming?
     
  9. chennyleeeee

    chennyleeeee

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    Yeah I've been looking at this share for a while now. A pity i wasnt on the computer when someone was offering 0.031 and 0.038. I wouldnt have minded buying at that price since their now undergoing expansion into the us markets. definately some potential in this stock...

    Kipp: They probably dont get a loan for the same reasons you just mentioned. They have accumulated millions of losses and banks might not want to lend money to them. And also debt is only good for companies that are making lots of profits since theres a tax relief associated with them.
     
  10. Sprinter79

    Sprinter79

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  11. Aido

    Aido

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    Good job to whoever sold into the bull a few years back. Did you repurchase on the lows?

    Looks like they have taken a few years longer than expected to start posting some profits, but the profits are looking good and growth prospects sound reasonable. Liquidity sucks, but that will probably improve as their market cap grows and buyers are attracted by fear of missing out on a good opportunity (or some fundamentals :) )

    I have spoken to a few teachers regarding SMS services, and they only had good things to say. Comments about expensive upfront costs were coming from some of the smaller and lower socio-economic area schools. I wonder how they will address this to tap into that aspect of the market? ATM only some of the wealthier schools are using the tools MWR has on offer.

    It's looking like a potential good 3-5yr holder..

    Thoughts?
     
  12. robusta

    robusta

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    Have been watching this one for about 6 month's now, it is getting really interesting. Looking at the liquidity it will take some patience to build a holding.

    Nice business update out today.
     
  13. VSntchr

    VSntchr

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    New update:
    MGM WIRELESS LAUNCH SMARTPHONE APP FOR PARENTS AND SCHOOLS TO LOCATE MISSING OR TRUANT STUDENTS A REVOLUTION IN STUDENT SAFETY
    Full Announcement: https://content.markitcdn.com/CommS...key=1410-01402082-5L4PU3PHF0DK1KR3PJBM6UOQI6&

    I was walking out the door when I saw the news mention a smartphone app designed to track school truants. I was wondering whether MWR was behind this - and with the announcement out today I'm inclined to think that it is (without seeing the full news story).

    App will be available to download for free through iTunes.

    Disclosure: I hold a small amount :D
     
  14. shouldaindex

    shouldaindex

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    On my watchlist, interesting one.

    Big runway in a yet to be commercialised niche.
     
  15. robusta

    robusta

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    Great update announced today.

    http://www.asx.com.au/asxpdf/20141216/pdf/42vhnnbxxq6cd0.pdf

    I was looking at this stock yesterday, they were trading around $0.85 buyers for around 20,000 shares, sellers of around 95,000 shares. I wanted to buy but thought to myself, "the market will be down today, put in a buy order for around $0.82"

    Anyway the above announcement was released in the pre market and MWR closed up 33.72% at $1.15 :banghead:

    yet another reason on why I try to trade as little as possible.
     
  16. VSntchr

    VSntchr

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    I watch this too Robusta.
    One point to consider was that the announcement also stated that profitability is weighted to this half.
    That may result in another good buying zone appearing for you.
     
  17. robusta

    robusta

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    Could be today, well I bought some anyway.

    http://www.asx.com.au/asxpdf/20151223/pdf/4340sjs39jsj7b.pdf
     

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