TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

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MiX Telematics Ltd, bearing the ticker symbol MIXT, has been mentioned as a candidate for my Viking portfolio. I last talked about MIXT on October 6.

MiX Telematics Ltd offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe.

The company solutions include MiX Fleet Manager Premium; MiX Fleet Manager Essential; MiX Asset Manager and Value Added Services. It serves Fast Moving Consumer Goods, Utilities, Security, Construction, Transport and Distribution, Emergency Services, Government, Rental and Leasing, Mining, Oil and Gas, and Public Transport industries.

Geographically, a majority of MiX revenue is from Africa and also the Americas, the Middle East, Australasia, Europe, and Brazil.

The company derives maximum revenues from subscriptions to its fleet and mobile asset management solutions.

MiX Telematics Limited was founded in 1996 and is headquartered in Boca Raton, Florida.

Three key data points gauge MiX Telematics Ltd or any dividend-paying firm. They are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

MIXT Price

MiX’s price per share was $7.10 at Wednesday’s market close. In the past year, its share price decreased about 32% from $10.42 to today’s $7.10.

If MiX’s stock trades in the range of $5.00 to $10.00 this next year, its recent $7.10 share price might get up to $8.00 by next year. Of course, MiX’s price could go down about the same $0.90 amount, or more.

My upside estimate of $0.90 is about $2.00 below the median of price estimates from 2 analysts tracking the stock for brokers.
 

MIXT Dividend

MiX Telematics Ltd's recent $0.0547 Quarterly-dividend equates to $0.2188 annually to yield 3.08% at Wednesday’s closing price.
 

MIXT Returns

Adding the $0.22 projected annual dividend to my estimated $0.90 price upside reveals a $1.12 potential gross gain per share for the coming year.

At Wednesday’s $7.10 closing price, a little over $1000 would buy 141 shares.

A $10 broker fee (if charged), paid half at purchase and half at the sale, might cost us about $0.07 per share.

Subtracting that maybe $0.07 brokerage cost from my estimated $1.12 gross gain per share makes a net gain amount of $1.05 X 141 shares = $148.05 or a 14.8% net gain.

In the next year, our $1K investment in shares of MIXT could generate about $30.80 in dividends. Furthermore, a single share of MIXT stock at Wednesday’s $7.10  closing price is over one-fourth the income estimated from $1000.00 invested.

So, by my dogcatcher ideal, this is a prime time to consider MiX Telematics Ltd based on its estimated dividends for 2023. The dividend from $1k invested is 4.33 times greater than MIXT’s single-share price. Consider yourself alerted.

This may be time to pounce on MIXT. But beware, its price is volatile, and $3.72 below its all-time $20.69 all-time high posted in May of 2018.

The foregoing article is based on past history of MiX Telematics Ltd. The only true measure of future performance is from active investment in the company.

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