MICT Inc (MICT)

[peterus]

break 1.77 should see $2

[chemist72]

Some rumblings from MICT volcano last 30 minutes.

[chemist72]

Thanks for your reply. Great things coming soon.

[MakeaFuss]

The deal is great for MICT......
I think DPW overpaid...
Should help the bottom line tremendously....

[chemist72]

ash, will there be any negatives in the deal with DPW for Enertec, like any loss of Enertec assets? I have not read the details of the SPA (Share Purchase Agreement).

[chemist72]

Enertec now appearing on Coolisys (DPW) website:

http://www.coolisys.com/


Brands

Digital Power
Gresham Power
Power-Plus Technical Distributors
Microphase
Enertec Systems

Look at the bottom of the page.

Announcement of sale probably coming Monday or Tuesday at the latest.

[ash111]

Agree. fair value is not less than $3/sh based on current Numbers alone. Total revenue increased by almost 500% in Q4 alone. A record Backlog of $20.5m.
if the deal will be closed sky is the limit, total benefits close to current Market cap which means almost $6/sh ( based on current fair value mentioned above).

[peterus]

this could move fast up with some good news

[ash111]

Last time I checked

Inst. ownership
44%
Insider ownership
18%

[peterus]

ash111 whats the float here ?

[chemist72]

MICT officially delisting their warrants (MICTW).

https://www.sec.gov/Archives/edgar/data/854800/000135445718000117/xslF25X02/primary_doc.xml

They expired on April 23, 2018.

[chemist72]

Little BOOM at the end of day today.

Feels like the big announcement could be coming tomorrow.

[chemist72]

MICT getting set to FLY!!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140106527

[ash111]

$MICT Micronet Enertec Technologies' (MICT) CEO David Lucatz on Q4 2017 Results - Earnings Call Transcript https://seekingalpha.com/article/4162865-micronet-enertec-technologies-mict-ceo-david-lucatz-q4-2017-results-earnings-call-transcript

[ash111]

MICT new Website "MICRONET" without "ENERTEC"
it seems that's a done deal. http://www.micronet-inc.com/ Getting Enertec sold will be a big catalyst and making this a clean MRM play with a bright outlook. "The sale of its Enertec subsidiary will improve the Company's balance sheet by adding cash and reducing debt thus enabling Micronet to execute on its MRM growth plans".... "My 12-month price target is $5 - $7/share for the reasons I discuss in this article": https://seekingalpha.com/amp/instablog/49117709-jeff-hetmansperger/5113990-mict-will-huge-gainer-2018-beyond?__twitter_impression=true

[SurgeGuy2.0]

aren't wont be very 'good'

Wow! just Wow! lolzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[ash111]

Mict 1.32 +10%.

[ash111]

Maybe last chance to get very cheap shares. All points of at least a triple PPS the coming months. recently Received $6 Consensus Target Price and currently trades at 1/3 total yearly revenues. Next EPS should be awesome based on a record of $20.5m at the end of Q3, improvement in profitability and balance sheet ratios and Q3 EBIDTA was close to breakeven.

[MakeaFuss]

Why would one think that? Maybe earnings aren't wont be very 'good'

[The Stock Reader]

One would think there would be a little jump in pps here before earnings?

[umiak]

FWIW er a little early, 3/26 pre-market per TDA alert..

[ash111]

looking good. share price will be tripled the coming months if you ask me. 2018 EPS should be awesome. Mict's subsidiary sell should decrease operation expenses sharply and will receive total benefits higher than current market cap of $9m. A RECORD Orders took place just in Q4 2017, will be reflected 2018. profit margin will be surged. recently Received $6 Consensus Target Price and currently trades at 1/3 total yearly revenues.

[value1008]

Last year they reported on March 31, 2017.

[grizzly2314]

Does anyone know a date for ER?

[MakeaFuss]

Nice day MICT......
Looking forward to a great week!!

[Bakerman_06]

Looking fantastic in a heavy red market!

[ash111]

very solid uptrend for several solid reasons. major catalysts ahead. these days, only well positioned debt free stocks.

[dave86]

steadily keeps going and once news hit for the closure of the enertec deal or fins or new contract this could start pushing to break 1.50

[Bakerman_06]

Nice action today!

[dave86]

Love love love it when im wrong. It was a private offering to pay off more debt which is incredible as they are even futher reducing debt to keep their main focus on the backlog which will keep the company cash flow crazy this year. this is coiling up for a major run in my honest opinion. It was shorted pretty good and soon this could squeeze fast as good news starts coming in. I think its easily a 3-5 dollar stock.

[dave86]

And their using proceeds to pay off a debt loan so they have more money to keep processing the backlog. I am completely ok with this and it should really do anything to ipmact share price.

[ash111]

MICRONET ENERTEC TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) http://www.4-traders.com/MICRONET-ENERTEC-TECHNOLO-13094206/news/MICRONET-ENERTEC-TECHNOLOGIES-INC-Entry-into-a-Material-Definitive-Agreement-Financial-Statemen-26040271/

it was published and approved a couple month ago to sell 456,308 shares to existing lender, stockholder and warrant-holder. I expect share price to rise where it deserved as soon as it will be finally completed.

[dave86]

We estimate that our net proceeds from the sale of the shares of common stock offered pursuant to this prospectus supplement will be approximately $474,123 , after deducting the estimated offering expenses that are payable by us.



We intend to use the net proceeds from this offering to pay $25,000 towards the remaining balance of a commitment fee pursuant to a Third Supplemental Agreement dated August 22, 2017 between the Company and YA II, and/or $320,000 towards the remaining balance of a Loan Agreement dated December 30, 2015, between the Company and Meydan, and the remaining balance for working capital and general corporate purposes

[dave86]

their now doing an offering at 1.05 so red day tomorrow for sure now.

[MakeaFuss]

Don't think we'll get a closing that quickly.
I expect something in March but not by next Friday.

[ash111]

yes. trading strong past days. Jeff Hetmansperger's analysis is very solid and I can confirm his numbers. he pointed that company "Will Be A Huge Gainer In 2018 And Beyond"

[dave86]

I reread the pr about the enertec deal and it said that it should close 60 days from the pr so thats next Friday. Maybe this week is just more accumulation and next week start the fun.

[ash111]

Good Analysts. Actually benefits to receive higher than $9.25m. Thru Q1 and beyond MICT to receive 1. $9.25m including $5.25m cash(agreement to sell its subsidiary) which is also equal to current Market cap.
2. annual consulting fee of $150,000 as well as issue the Company 150,000 restricted shares of DPW Class A common.

Yearly revenues alone about 3 times current 9m market cap.
a strong hold for the long term for a several times ROY if you ask me.

[dave86]

The more and more DD I do on this ticker the more excited I get about it.

They have about 4 mil in cash and 14 mil in debt. The deal with DPW will put them at 9 mil cash with about 10 mil debt as they are covering up to 4 mil in debt from what im reading. this will make the company pretty much even as far as debt to cash ratio with about 22 mil in orders for their ELD. More orders to come I'm sure with the mandate so this is easily a 3-5 dollar stock IMHO. With the backlog continuing to grow as it is they should have plenty of hefty revenue quarters ahead. Good luck to everyone here and I'm very glad I added 3k more shares last week @ 1.14. I think the risk is pretty minimal here by far and if it does dip I will continue to add.

[MakeaFuss]

29k share bid MICT!

[bobbodom]

lol it's cool man. You're right day trader wasn't the right term I just use it kind of generically not just for intraday people

[MakeaFuss]

Give me a break! I'm just teasing.....
I've been position trading/ backdooring IPOS since 1980 'son'!!

[bobbodom]

I meant it will spike to there within the next few weeks, not that you have to hold for weeks. It will happen during 1 day then dump again.

Also any trader can hold swings, scalp, short, whatever. Is there a rule that you have to do 1 thing only? Get real son

[MakeaFuss]

'day' trader selling in 'weeks'!!
LOL

[bobbodom]

Not that their deals aren't good, but for the realistic day trader advice:

Watch to sell at 1.38 in the next few weeks. If it can't break that it will come back down without any PR. And at best this thing will do its crazy spike to 1.75 but that is a strong resistance so don't hold your breath to pass that. That would be a 50% gain from this point. Maybe ER next month will be exceptional

[ash111]

Agree & just broke MA50. I am Bullish on MICT with a target price of $3, by the end of Q1 2018 and $6 within 6 months.

10Q: cash incteased 7 times! Past 9 months from 668k to 4.6m.
$33m total current assets and almost zero debt. only supplier of ELD.
Yearly revenues alone about 3 times current 9m market cap.

Thru Q1 and beyond MICT to receive
1. $9.25m including $5.25m cash(agreement to sell its subsidiary) which is also equal to current Market cap.
2. annual consulting fee of $150,000 as well as issue the Company 150,000 restricted shares of DPW Class A common.

[MakeaFuss]

Looking good! I'm loaded up! I think we got a winner here...
I hear good things with the PR side coming soon also...
Was a little early.......today firmly back in the black!!

[ash111]

told ya https://seekingalpha.com/instablog/49117709-jeff-hetmansperger/5113990-mict-will-huge-gainer-2018-beyond

[Bakerman_06]

I agree. Read it last night. Especially the mentioning of the below makes me excited.

If all goes according to plan, I expect news about the closing of the deal within the next three weeks. One hint that this is a done deal is that the buying entity's new website, Coolisys Technologies Inc | Home, will be "launched soon," presumably merging the existing, and new products and services offered by the Enertec Division.

[grizzly2314]

I'm slowly building a long position. I'm current at 650 shares at $1.01 average.