$MWR #ASX - MGM Wireless

MWR has been a favourite of mine for a while and have bought and sold it several times. Looking good for another entry if it cracks the $5 mark. More notes on the chart.

MGM Wireless Limited provides mobile messaging solutions for business. The Company's segments include MGM Wireless Holdings and NZ MGM Wireless (NZ) Pty Ltd. Its products include messageyou, which is a student absence notification product that combines a student attendance management approach to short message service (SMS) with automation; MGM Watchlists, which automates the analysis of parent reply messages, message traffic and the status of attendance data to detect emerging patterns or trends and automatically alert school leaders responsible for follow-up action; Outreach, which is a school specific specialized Web-based SMS social communication solution; Smartsync, which automatically extracts parent contact data from student management systems; RollMarker, which manages student attendance, and AllMyTribe, a smartphone and Apple Watch application that keeps students safe by alerting parents whenever their child arrives or leaves a place, such as school, bus stop or sports venue.

Comment:

Might be setting up for another run at that $5 mark. BB looking a bit squeezy on the 4 hour.

Comment:

Ive always liked this product and more so wonder what future opportunities exist say around in-home aged care monitoring. Their expansion into the UK is great to see and might give them more momentum when launched. I'm sure at some stage they will crack that $5 mark. Now might be a good time to consider an entry if the price resumes its upwards march.