Good morning readers and welcome new subscribers.
The market is just about to open so we are diving straight into today's report. Add this play to the TOP of your Monday watchlist!
Our new alert is MTSL - MER Telemanagement Solutions
(Nasdaq) MTSL closed at $1.55 on Friday.
Mer Telemanagement Solutions Ltd. (MTSL) is a global provider of innovative products and services for telecom expense management, enterprise mobility management, mobile virtual network operators/enablers, and billing mobile money services and solutions.
One item we must point out is MTSL's extremely low float. According to Finviz and Yahoo, MTSL has 2.22M trade-able shares! That is very small in our opinion which often leads to big volatility.
The company offers a plethora of services and software solutions to other companies:
MTSL says enterprise-wide costs for voice, data and wireless services "typically range from 1% of revenue for large organizations to 2.2% of revenue for smaller organizations. It is critical that enterprises stop costly oversights, promote staff productivity, and increase process efficiency by implementing telecom expense management best practices."
The company's website says that their telecom expense management suite (TEM) is capable of saving 10-30% for the customer.
MTSL also provides a mobile software suite to help companies deal with apps on company phones. It appears the software can monitor how company phones are being used by "including real-time software inventory reports, app distribution and installation tracking, app update publishing, and provisioning profile management. Enforcement rules can be enabled...including active alerts, email blocking, device restriction...and remote wipe. IT can also limit native apps available on a device (e.g., YouTube)."
Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States and Hong Kong and through distribution channels.
In February of this year MTSL publicly stated they were working to acquire Vexigo, a software company supporting video advertising over the internet and mobile devices.
In that press release, they stated Vexigo had 2014 revenues of over $6.6M themselves.
MTSL had revenues of $7.1M in 2014!
But now these two companies are under the same umbrella; on April 1st, twelve days ago, MTSL closed this acquisition! Here is the official PR:
MTS Announces Closing of Vexigo Transaction
April 1, 2015 - Mer Telemanagement Solutions Ltd. (Nasdaq:MTSL), a global provider of mobile virtual network enabler, mobile money and telecommunications expense management solutions and services, today announced that the shareholders of Mer Telemanagement Solutions Ltd. ("MTS") at an extraordinary general meeting of shareholders overwhelmingly approved the acquisition of Vexigo Ltd. ("Vexigo"), a privately-held Israeli-based software company supporting video advertising over the internet and mobile devices.
...Vexigo will now operate as a wholly-owned subsidiary of MTS and its results will be consolidated in the financial statements of MTS as of April 1, 2015.
Read the full press release and how it was paid for here.
We want all readers to keep an eye on MTSL. Looking at the chart, you will see that after the first Vexigo announcement, MTSL has basically traded within a 20c range ever since. The 200SMA support is at $1.35 and if that level can sustain itself especially in the coming weeks, MTSL could bloom into a bigger and better play.
Continue your research on the company's website.
What do you think of MTSL? Pull up live quotes right now!
