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BWB Bluwater Bio

1.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bluwater Bio LSE:BWB London Ordinary Share KYG119491077 ORD 0.5P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.00 GBX

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Date Time Title Posts
21/8/201017:09Bluewater Bio - biological wastewater treatment36
29/11/200417:03BWB Interesting Buys5
29/11/200417:03Rumours4
29/11/200417:02Burtonwood tipped in investors chronicle37
27/11/200315:26Accounting Issues-

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Posted at 22/4/2010 12:03 by kooba
ceo on cnbc this am...all seems to be going very well.
technology proven now going for roll out...strong institutional backing etc
not sure if there will ever be easy accessed liquidity in these but since last fundraise at 12p one would have to think per share value must be in mid high teens with the interest in the sector and the progress the company is making.imho.
Posted at 04/4/2009 21:08 by kooba
04/04 ft.

Clear water?

Bluewater Bio International was a pioneer of the growing trend for companies to quit Aim. In November, it surprised the market by deciding to leave just 11 months after raising £2.7m at 12½p a share, only to see its valuation fade away. The notice for the extraordinary meeting featured the list of reasons to delist that have become something of a mantra for companies leaving the market. It asserted that "the current investment climate is such that it is substantially more straightforward for private companies to raise finance than small-cap public companies".

The company has proved its point by raising a further £2.3m for the equivalent of 12½p a share from Aqua Resources Fund. Its revolutionary technology, which treats effluent to produce water that can be used again, was last week signed up by Nesma, a leading contractor in Saudi Arabia.

The flotation was not premature, insists Daniel Ishag, chief executive. "We had a clear strategy, and being a public company put us on the world's radar . . . . All in all it was definitely worth it, and we are still able to benefit now." It's a back-handed compliment that Aim could do without.
Copyright The Financial Times Limited 2009
Posted at 17/3/2009 16:59 by ted32
kooba

I'm now off to the pub.

Many thanks for your insight.

But why delist? I'm sure that BWB could have raised the money still being quoted on aim.

Thank you kooba.
Posted at 17/3/2009 16:51 by kooba
ted32,yes in a word.company definately alive and kicking with £2.32m of new capital. as far as i can tell the company has just raised new money at 12 times suspension price ie 12p.i am awaiting bwb to call me back but i believe this is correct.market cap at suspension 2.48m @ 1p now they are selling sub 8% stake i calculate roughly to be 18.75m new shares new shares for £2.32m which i make 12.37p per share.fingers crossed will post again once confirmed.
Posted at 17/3/2009 16:44 by ted32
kooba

Many thanks for the information.
I attempted to get a share certificate from bluewater when they delisted but I was told by Barclays Stockbrokers that they were in admin.
Having seen this new info I logged on to BWB website but could not find anything.
Having written off £5000 through this investment are you telling me kooba that I stand a good chance to get my money back?
Posted at 17/3/2009 16:08 by kooba
unless my numbers are wrong..this would appear to involve a transaction in existing stock at around 10p and a subscription for new shares at circa 12p.double checking but certainly appears to be 10 times suspension price.
Posted at 17/3/2009 16:06 by kooba
RNS Number : 9991O
Aqua Resources Fund Limited
17 March 2009

AQUA RESOURCES ANNOUNCES INVESTMENT IN BLUEWATER BIO INTERNATIONAL
17 March 2009 - Aqua Resources Fund Limited ("Aqua"), the closed-ended
investment company managed by FourWinds Capital Management ("FWCM") established
to invest in global water opportunities, announced today that it has entered
into certain arrangements with regard to an investment of up to approximately 15
per cent. of the fully diluted share capital of Bluewater Bio International
("BBI" or "Bluewater Bio") a company incorporated in the Cayman Islands and
involved in the design and marketing of an advanced biological solution for the
treatment of wastewater.


BBI focuses on selling its proprietary wastewater technology, HYBACS, to both
the municipal treatment sector and to industrial consumers and polluters of
water.


This investment follows Aqua's initial joint venture agreement with the Ranhill
Group to invest in water and wastewater operations in the People's Republic of
China and Thailand, in November 2008. The investment announced today fits well
with Aqua's strategy as it not only adds an attractive set of technologies
focusing on wastewater treatment and water recycling, but also a very good
geographic coverage with partnerships and clients in both Western and Eastern
Europe as well as the Middle East. Furthermore BBI has moved towards signing
reference plants and distribution contracts with high profile water players. BBI
creates an excellent fit in many business areas for Aqua.


Part of the investment in BBI by Aqua (representing 8.51 per cent. of the
existing ordinary share capital of BBI) has been acquired by Aqua from FWCM for
an aggregate sum of US$ 2.97 million (EUR 2.30 million). This purchase
constitutes a smaller related party transaction to which the provisions of UKLA
Listing Rule 11.1.10R apply and have been complied with. BDO Stoy Hayward LLP
has been appointed by the Company as its sponsor to act in relation to this
aspect of the transaction. Following this purchase, FWCM retains a holding of
0.07 per cent. of the existing issued share capital of BBI.


Aqua has also entered into legally binding heads of terms, subject to definitive
legal documentation and necessary shareholder, board and third party approvals
to be obtained by BBI, under which Aqua has agreed to invest further cash, by
way of a subscription for new ordinary shares and warrants of BBI, in order to
increase its shareholding following its purchase from FWCM (as referred to
above) from 8.51 per cent. to up to 16.13 per cent. of the enlarged issued share
capital of BBI (14.94 per cent. of the share capital, fully diluted after the
exercise of existing options and warrants), at an additional aggregate cost of
approximately GBP2.32 million (EUR 2.51 million).
Hasan Askari, Chairman of Aqua's Board of Directors, said "The Board is
delighted to announce Aqua's second transaction which positions Aqua with a
strategic investment in a fast growing technology company bringing innovative
solutions to the municipal and industrial wastewater sector".
Foreign exchange calculations have been based on the following rates: US$ EUR
0.7757and GBP EUR 0.9227.




Further enquiries:


FourWinds Capital Management, Investment Manager
Kimberly Tara, Chief Executive Officer
Valerie Daoud Henderson, Head of Europe Environment Group
Jui Kian Lim, Head of Asia Environment Team
info@fourwindscm.com
BDO Stoy Hayward LLP, Sponsor
John Stephan +44 (0)121 352 6200
Cenkos Securities plc, Corporate Broker
Will Rogers +44 (0)20 7397 1920
Dion Di Miceli +44 (0)20 7397 1921
HSBC Securities Services (Guernsey) Limited, Administrator
Tel: +44 (0) 1481 707 000
Citigate Dewe Rogerson, PR Advisor
Sarah Gestetner /Lindsay Noton +44 207 638 9571
Disclaimers
End
Posted at 18/11/2008 12:32 by ted32
kooba...must admit I was a bit taken back by the aqualia contract only days after the delisting.
It surely must have made a positive impact on the share price if the co had not delisted.
Applied for share certificate so perhaps not all is lost.
Posted at 14/11/2008 12:12 by kooba
for interest to any holders that do not wish to hold i believe boutique investment bank novus capital www.novus-cap.com are prepared to mop up any loose holders at around suspension price if anyone wants out.
Posted at 10/6/2008 12:06 by maytrees
Well the facts that until MT Glass posted yesterday,
no one had posted since riptracker's post last year
and that by May 2008 BWB share price had fallen to 4.26p to buy,
caused me to have a look.

No revenue stream stats. is the main worry but the need for and
ethical/green nature of its services seem clear.

I bought a few at the begining of May at 4.26p and topped up
later that month at 5.50p. Since then there has been some buying and
sufficient share price gains to put my Bluewater Bio holdings in the
blue (lol)

ALl imho so dyor
Bluwater Bio share price data is direct from the London Stock Exchange

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