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8 pts

Opinion on  MGT Capital Investments Inc (MGT)     Sector: Technology  >  Industry: Software & Programming
MGT investment

Jan 31, 2008 09:38 PM GMT

Recent News  

Worked in MGT group for 15 months and soaked up the atmosphere so this is really an insiders recommendation that the fundamentals look strong, with a good technical team behind the twin products of Medicsight and Medicexchange.

Update 08/22:

Report of 8 August in summary form  in IT News Online.

This analysis will be fairly informal, so please bear that in mind.

  • Like the news that directors of Medicsight have all pitched in to buy shares, putting their money where their mouth is.
  • Great to sdee they've got Brazilian reg approval for ColonCAD.
  • LIke the phrase "true value of our revolutionary technology" used by MGT Chairman. Be interesting to see what it happens in next 6 months.
  • While the company has signficant cash reserves, as of June 30, 2008, cash, cash equivalents and marketable securities were $60.6 million compared to $94.6 million at June 30, 2007. (The decrease in cash balance is primarily attributable to the Company's repurchase of its common stock and the purchase of shares in Medicsight.)


Update 09/16:

Shares dropped to 1.12 on 15 September.


MGT:  This call was made on 01/31/08 @ $2.85
Rating:   Positive   $2.85 (01/31/08)
Gain/Loss:   -87.02% in 672 days
Target:   in Six months


Comments (2)

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Stuart Glendinning Hall   65%     1 point   commented 524 days ago reply

Hmm, sounds interesting. See CEO David Sumner explain more on TV in an interview at CNBC on 18 February following the Toshiba partnership: http://tinyurl.com/3j3pmk

A few points copied from IC, with addition from me:

BULL POINTS

Operating in world's largest health markets

Added market intel from sister company Medicexchange

Expanding list of partnerships, eg Visage Imaging

Approvals for Japan and US entry due

Global increase in CT imaging and regulatory impetus

BEAR POINTS

Future growth dependent on regulatory approvals

Loss making
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Stuart Glendinning Hall   65%     1 point   commented 442 days ago reply

Note on FT 17/09/08: The one analyst offering a 12 month price target expects MGT Capital Investments Inc (MGT:ASQ) share price to rise to 4.00 in the next year from the last price of 1.70.

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