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10-Q just posted on Edgar:
https://www.sec.gov/Archives/edgar/data/854800/000121390018010814/f10q0618_mictinc.htm
Not sure if I'm reading the tables correctly or not, but looks like it says $3.4M in net income for Q2.
If correct, that's about $.36 per share!!
Even with the negative currency adjustment, that's still about $2.65M or $0.28 per share.
Wake up people! Back on 2/11/18 Seeking Alpha link below had a price target of $5-$7 on MICT and then we have recent news that MICT will eventually acquire BNN. MICT is way undervalued at $1.63 today.
https://seekingalpha.com/instablog/49117709-jeff-hetmansperger/5113990-mict-will-huge-gainer-2018-beyond
in about a month based on past year earnings date (08/16/2017)
When is upcoming earnings?
Not trading or adding shares.
Just holding my boatload for LTCGs (long-term capital gains). Don't plan to sell for anything less than $3/share. May up this target price depending on earnings reports for the next two quarters. We'll see. I'm in no hurry with this one :)
Good buying opportunity this morning!
Didnt take long for the bottom feeders to arrive. lol
Probably this company choose mict. A huge new market that's for sure.
* * $MICT Video Chart 07-03-18 * *
Link to Video - click here to watch the technical chart video
One wonders why they would choose this company for the merger. IF the Communists want to minimize fuel waste--say to show citizens they are serious about smog--then these ELDs could certainly help. Plus, saving fuel is always profitable. This would be huge. Can you imagine?
China has a big market. Do the Chinese have a plan to monitor their trucks as well?
Nearly 4M MICT shares traded today!
That's almost 50% of their outstanding shares. While a large portion of those shares are surely flips and trades, I also suspect that a large number of those shares are going into more "circumspect" hands that will be holding for longer periods than just a few days or even just a few weeks. Some might even be holding for LTCPs (long term capital gains).
Might have to wait a few weeks to see how things shake out, but a steady to slowly rising share price for MICT is definitely a possibility.
Then, of course, there is always the next big news event that should drive MICT share price even higher.
P.S. While I was writing this post MICT just hit 4M shares traded today.
thanks MTH4, right time right place http://www.bnntechnology.com/
Great call ash! I have MICT in both my wife IRA and my IRA and this stock is looking excellent long term here.
TY ash for your excellent DD on MICT.
I am not concerned with the "minimal" breakout today. Let the traders have their fun today. I see this as more of a mid- to long-term hold now, especially with these latest developments.
I am building a nice longer term portfolio thanks to your DD. Besides MICT, I am also holding PIOE longer term and am thinking about adding BKYI to this longer term portfolio. I lurk on your other board as I cannot post there since I'm not a premium iHub member.
I hope you can keep up your great DD there as well.
Thanks again and best of luck in the future to you.
Mict worth well more. they are buying "at least $1.65" post upcoming earnings this will be trading above $3 and when BNN buying the rest, sky is the lImit here.
Excited about this company achievements and its future, been following her since Mid-2017.recently Received $6 Consensus Target Price and currently trades at 1/3 total yearly revenues. Next EPS should be awesome.strong cash& almost a debt-free.more to come,that's for sure BNN trying to get 51% on the cheap. Make them pay up for the 36%. Mict worth well more.
Be aware that total Cash on hand post current transaction alone,above $2/share and the rest upcoming transactions are more than 2 times in cash than current. with such a solid balance post Enertec sale, I see no reason not to hit at least $5/shares the very near future.
The key was to buy a lot of shares at gift prices when the ceo sold a large portion of his stake in the co. Hope you all did the same thing, because we all knew MICT was looking for strategic alternatives to become a big player in the MRM space.
Israel based company.
Told ya, my long term stocks positions are primed. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141957580
That's a brilliant transactions deal. BNN Technology Buys 14.89% Stake in Micronet Enertec ( at least at $1.65/sh), Plans to Eventually Own 50.1% or More w/ a possible Merger. Cash per share alone post this transaction alone includes current cash post the sale of Enertec is above $2/sh. The profit margin is accelerating these days due to elimination if debt which already took place. This company entering the big league in a massive way. Plan is to increase cash thru inst investors by $26m-$36m vs $10m current MC. MICT will no doubt going to see $5/sh and north
Could someone please explain what the news release is saying and its implications for the long term? Seems complicated. Tlhanks in advance.
Looks to me like ROI could be quite sweet. The MMs will drive this to $5 to effectuate what appears to be something like a reverse triangular merger...only more complicated.
Thank you this is what Ive been waiting for!!
I bought another 5k last week at dirt cheap prices!! Weeeeeeee
Enjoy your retirement!
Trading over 2 bucks a share after hours
The Target price of $5-$7 will no doubt hit the short term. Company already worth $2-3$ post Enertec's sale. Received more than $9.25m ( assumed debt+ $5.25m cash+ more annually fees + restricted DPW's shares).
A strong hold to me too. Cash/share above $1.5
Co. has more money to keep processing the backlog.
The news of cash plus reduced debt. increased Book value by more than $0.50/share. Stock should be trading $2-3 even without any more contract announcements. more to come, that's for sure.
Btw, stock market is tanking today. pretty sure, those who did their DD keep buying.
All in an IRA acct so I have time to hold out for a few more quaters. Would like to see a spike in pps by Christmas this year anyway if possible. Dont understand whats holding this thing down? Thanks for the comeback Ash.
Interesting. wondering who is the buyer that just paid a huge premium of $1.65/sh. Obviously no one would invested more than $2m without Due diligence or Potential
Hello Ash, Whats your thoughts on the last form 4? TIA.
I wonder when we see some life here again? GLTA
Average daily volume has dropped off dramatically compared to April (and earlier months of 18)! How do you have dilution with LOW(er) volume??
Profit Margin is accelerating these days and has best in years balance sheet since a week ago.Already doing $24m annually (TTM based on Q1). "The sale of its Enertec subsidiary will improve"..DONE. 8k: capital gain on books as of 3/31/18 is $4.5mm. This is .50 cents/share increase on balance sheet. Plus debt removed. .."$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#click=https://t.co/SeT5GRh5GX
Bs. Has best in years balance sheet.just received tons of cash + debt removed. Profit margin accelerating. See ya at $5/sh later this year.
nope dilution if you ask me
lol means nothing
Seeking Alpha article from 2/11/18 has a $5 to $7 price target for MICT at the link below.
https://seekingalpha.com/amp/instablog/49117709-jeff-hetmansperger/5113990-mict-will-huge-gainer-2018-beyond?__twitter_impression=true
"Micronet Enertec Technologies, Inc. (NASDAQ:MICT) has risen 23.68% since June 2, 2017 and is uptrending. It has outperformed by 11.11% the S&P500".. Profit Margin is accelerating these days and has best in years balance sheet since a week ago.Already doing $24m annually (TTM based on Q1). "The sale of its Enertec subsidiary will improve"..DONE. 8k: capital gain on books as of 3/31/18 is $4.5mm. This is .50 cents/share increase on balance sheet. Plus debt removed. .."$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#click=https://t.co/SeT5GRh5GX
Bradley Foster & Sargent Has Lowered Its Cisco Systems $CSCO Holding; Shorts at Micronet Enertec Technologies $MICT Lowered By 35.14% https://wolcottdaily.com/bradley-foster-shorts-at-micronet-enertec-technologies-mict-lowered-by-35-14/
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