MICT Inc (MICT)

[ash111]

MICT DD: http://micronet-enertec.com/images/IR%20images/2017%2011%2020%20Conference%20Call%20presentation%20Q3%20.pdf

Mict's subcidery sell should decrease operarion expenses sharply.w/MRM numbers of purchase orders as well as the Strong pipeline, company going profitable for sure. Also will receive total benefits much higher than current market cap of $9m thru Q1 and beyond ( see below).

As of December 31, 2016, Enertec had a backlog of orders for our systems, products and services in the amount of approximately $7.9 million ( $7.3m as of December 31, 2015) vs more than $20m as of today. Orders boost took place just in Q4 2017 so there is no doubt Company doing a sharp jump these days.
ELD Mandate could leads orders boost. Which Already on the rise: https://www.streetinsider.com/dr/news.php?id=13436605

should benefit in Canada as well
http://www.fleetowner.com/safety/canada-issues-eld-proposal

Total effective transaction price is MORE than of $9,250,000 (agreement to sell its subsidiary). which is also equal to current Market cap and will be reflected on Q1 2018 and beyond.
"The Buyer (via Enertec Systems) will ALSO pay the Company an annual consulting fee of $150,000 as well as issue the Company 150,000 restricted shares of DPW Class A common stock"...The transaction is in line with MICT's strategy to focus on the rapidly growing MRM space.
That's why share Price hasn't doubled or tripled immediately but no doubt all these solid developments will bring share price higher than $6 Consensus Price Target which issued prior this Transaction alone.

A brilliant step by company. Growth period ahead which allowing MICT to expand their MRM offerings. so undervalued here.