A Merger, Planned listing to NASDAQ and a 5G Business
Huge merger in the works
2018 revenue of $34.5M and 2019 could reach $60M
Active in the HOT 5G market
Good day everyone,
Today we are initiating coverage of Spectrum Global Solutions, Inc. (OTCQB: SGSI), a provider of telecommunications engineering and infrastructure services and solutions across the United States, Canada, Puerto Rico, Guam and Caribbean.
Current price $.14 per share
Spectrum has small qualities we like; small market cap and low share price.
They also have some really big qualities we like; big revenues growing fast, big time merger in the works, operating in the big 5G market.
5G is going to change our lives over the next decade. Artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) are all being developed at the same time as the 5G network. The synergies between these new technological advances will create applications we can’t yet imagine.
SGSI provides the services and infrastructure hardware needed to build the 5G network. The company is already booking “5G” business and those kinds of contracts are going to grow.
SGSI is a holding company of these subsidiaries: ADEX Corporation — Professional Services & Solutions, ADEX Puerto Rico, LLC — Professional Services & Solutions, AW Solutions Inc — Telecommunications & Engineering Services, AW Solutions Puerto Rico — Telecommunications & Engineering Services, TNS, Inc. — Telecommunications Structured Cabling and Tropical Communications, Inc. — Utilities
2018 revenues were triple 2017 revenues and projections for 2019 are significantly higher than 2018.
Roger Ponder, CEO, and Keith Hayter, President, each own over 2 million shares
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SGSI is licensed to operate in 49 U.S. states, most of Canada, Puerto Rico, Guam and the Virgin Islands.
SGSI has announced several contracts in 2019 for millions of dollars.
These work orders from new and existing clients continue to show the accelerated growth predicted as a result of national 5G implementations and on-going network upgrades that has begun this year,” stated Spectrum CEO Roger Ponder. “Attention about 5G has been focused on the publicly announced plans of major telecom companies to install millions of “small cells” on electric utility poles, on public buildings and schools, on bus stop shelters, in public parks and other public and private owned infrastructure. All these “Small Cells” will require new fiber connections to transmit the ever-increasing data being consumed. These plans provide tremendous new business opportunities in both engineering and installation services for our Company.”
Estimates indicate that $2.7 trillion will be invested in 5G and $ 1 trillion will be on infrastructure alone.
Spectrum Global’s pending merger with WaveTech Global Inc. will create aconsolidated entity valued at more than $130 million. Upon closing, Spectrum Global intends to file for a name change to WaveTech Global and up list to NASDAQ under the ticker symbol “WAVE,” subject to filing and approval by NASDAQ and FINRA.
Upon completion of the proposed acquisition of WaveTech Global Inc, will position the SGSI company as a leading end-to-end technology platform company that provides software, services, and solutions that dramatically increase the availability and cost efficiency of global communication solutions and supporting next generation (5G) networks. The merger, and subsequent NASDAQ listing will give SGSI the profile it needs to attract multi-million dollar infrastructure contracts on a consistent basis.
Companies that are intrinsically involved in the development of the 5G network are going to do very well in the near to mid-term. SGSI looks like it may be one of them.
Conclusions:
SGSI shares have a really low price to sales ratio of .12X. We could consider the shares a value even at 2.0X yielding a share price of $2.42.
Moreover, the company projects that with accretive acquisitions, 2019 sales could reach over $60 million yielding a share price of $4.78 using the same 2.0X P/S ratio.
The company recently eliminated $3.67 million of debt resulting in less accrued interest and debt on the balance sheet. They did this in part to facilitate their planned merger and up listing to the NASDAQ exchange.
We can see by the chart below that SGSI shares are fairly volatile, particularly in the $.12 to $.30 range. As the shares get ready to potentially bounce past their 50 DMA of $.14, they could advance right up to the 200 DMA of $.36.
Update coming soon…
The Traders News Group
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