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MWR, MGM WIRELESS LIMITED
nipper
post Posted: Feb 16 2019, 12:02 PM
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https://www.sharecafe.com.au/2019/02/15/mgm...xcites-in-2019/

Exhibiting at Barcelona end-Feb. Soon to be rolling out SpaceTalk in UK ... but does that imply across Europe??



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 9 2019, 05:17 PM
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QUOTE
Sales for ASX-listed small cap MGM Wireless are on the rise – thanks, it says, to a NSW government plan to ban smartphones at public primary schools during class.

The company, which shifted from providing an SMS messaging service for schools to developing children's smartwatches, was one of the biggest small-cap success stories of last year, going from only 60¢ to a high of $5 in November before ending the year about $3.90.

Having launched its Spacetalk devices in October 2017, the company enjoyed a tenfold jump in Christmas sales last year, bringing its total units sold to about 15,100.

The business had hoped to hit the 20,000 mark by the start of the year, but retailer JB Hi-Fi underestimated how many of the devices it would sell and ran out a few days before Christmas. The smartwatches are also sold through New Zealand telco provider Spark.

MGM Wireless chief executive Mark Fortunatow was confident the company would sell out of its 23,000 devices by the time children return to school, with sales already picking up.

"Being a new market, it's hard to predict what sales will be but, based on the current run rate, we'll be out of inventory again by about mid-February so we have already planned another manufacturing run in February," he said. "We long felt that mobile phones would one day be banned in schools. It was only a matter of time.

"When we were designing Spacetalk, we deliberately left out social-media features because of the harm they can cause and their never-ending distractions. It's what Spacetalk doesn't do that parents and children also find appealing."

NSW Premier Gladys Berejiklian announced last month that smartphones would be banned from public primary-school classes from this year, after an independent review found their use had driven a rise in online bullying, distractions in class and the sharing of explicit images. The ban was backed by the state opposition. Public high schools will have the choice to opt in to the ban. The NSW move follows an initiative in France, which bans smartphones at schools for students younger than 15.

The Spacetalk device does not connect to social media and has a function that allows parents to disable certain functions, effectively rendering it a regular watch during class hours. .

MGM Wireless recorded $4.02 million in revenue (unaudited) in the first half of this financial year, up 154 per cent on the previous corresponding period. It has a cash balance of about $2.5 million.

The company listed in 2003, but as the cost of SMS messaging fell and free, online messaging services such as WhatsApp emerged, it sought new revenue options and used profits from its SMS business to develop the Spacetalk device.

Last year MGM Wireless climbed back to its highest share price since before the global financial crisis. However, with market capitalisation still a modest $47 million, Mr Fortunatow said there was plenty more room for growth.

In the next six months, he intends to expand the business to Britain and Europe, once again partnering with major electronic retailers and telecommunications providers.

By next Christmas he believes the company will be generating at least between 10 and 15 times its 2018 sales volumes.
https://www.afr.com/technology/mgm-wireless...20190109-h19vei

- missed this one



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 24 2017, 09:55 AM
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....there is a very interesting story developing in the telecoms space.

With a mere 9.5 million shares on issue, MGM Wireless (MWR), a schools communication specialist can't be accused of recklessly diluting investors with serial capital raisings..... we'll excuse the Adelaide-based minnow for passing the hat around for $380,000 in its first raising in a decade.

The one-for-eight rights offer will fund marketing of MGM's new-age product: a phone watch for primary aged kids called Spacetalk. The watches, which run off Telstra's 3G network, allow calls and messaging between the child and 20 trusted contacts. While they require a SIM card, they don't require a separate mobile phone.

Unusually, the software and hardware was developed in-house by the Adelaide-based MGM, at a cost of a mere $800,000. "A lot of people don't believe me," says MGM CEO Mark Fortunatow.

The "wearable" is a logical extension of MGM's existing suite of SMS school attendance management tools to monitor absenteeism and locate the miscreants before they have too good a time.

Our initial take on the Spacetalks is that no-one will buy the $349 devices because kids already have smartphones. As it happens, MGM is targeting the 4-12-year old cohort — 2.1 million urchins in all — whose parents have yet to succumb to pestering about how every other kid has an iPhone 8 (or whatever version we're up to).

After a long quiet period MGM shares have burst into life after this month's Spacetalk launch, as well as last month's disclosure that its absentee management product will be used in all 850 WA government schools. MGM already services about 400 WA schools and 1061 overall in Australia and NZ.

"We have been under a rock for two years from an investor relations perspective,'' Fortunatow says. "We were working on Space and weren't in a position to disclose the extent of our activity."

Normally profitable, MGM lost $530,000 last year, mainly due to Spacetalk development costs and an $187,000 bad debt provision. This year's profit depends on how many Spacetalks are sold. MGM is expected to return to the black.
Tim Boreham edits The New Criterion.





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
krisbarry1
post Posted: Jun 15 2011, 10:22 AM
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MGM Wireless have also produced a couple of vids on You Tube explaning their products.

Links below

http://www.youtube.com/watch?v=aMmChoTXqMA

http://www.youtube.com/watch?v=kNTRPFxAaJA

http://www.youtube.com/watch?v=qP9JAqcAhjI

 
krisbarry1
post Posted: Jun 15 2011, 06:56 AM
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As the rollouts continue the profits will rollin. Its a natural progression from a I.T shelf company to a mass rollout of products, and I.T. related services. Its a safer bet than many of the mining companies in this time of a possible double dip recession, as it appears that profits will continue even in a downturn. Education is recession proof!

 
ricky99
post Posted: Jun 14 2011, 06:51 AM
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In Reply To: krisbarry1's post @ Jun 13 2011, 04:22 PM

Yeh maybe the thing that worries me is that they have said that profit will be the same this year so no big changes coming anytime soon.

NZ figures hopefully will continue to grow - not much growth in number signed unfortunately, but rollouts increasing. Would be nice to see it get more than 55 schools in NZ. Top 20 own a large % of the company so not quite sure what happens from here - really need another few buyers who want to acquire significant shares to drive it higher.

I rate it, but feel that they would be better to take it back off the market and run it as a privately owned company.

 


krisbarry1
post Posted: Sep 12 2010, 05:51 PM
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I guess thats the beauty of buying into stocks like MWR that have very little chatter on the boards as its based at real value, instead of over hyped, over ramped stocks that are chatted about all day long. I am glad to have found MWR and the silence on this board is beautiful but not for much longer. MWR has been flying under the radar all year and its now time for a wake up call to the masses. Lets get this baby to explode!

 
russelm24
post Posted: Sep 12 2010, 04:13 PM
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In Reply To: krisbarry1's post @ Sep 11 2010, 05:48 AM

YES - there is another shareholder out there, even if almost 12 months silence! rolleyes.gif

This one is just another bottom drawer one for me - been holding for ages now. Their last annual report (thank you for the link) does look positive - everything in the right direction. Always good to have a Government contract too. Perhaps it might kick again a little? A few more contracts would be good to see.

Good potential, hopefully!


Said 'Thanks' for this post: krisbarry1  
 
krisbarry1
post Posted: Sep 12 2010, 03:14 PM
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Here is the link for the MWR website check it out below

MWR Website

 
krisbarry1
post Posted: Sep 12 2010, 08:48 AM
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1 Year chart of MWR, check out the spike last September and its bound to repeats itself this September


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