||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
Real-Time news about Aqua Resources (London Stock Exchange): 0 recent articles
|skyship: Praipus posted this on his great WAM thread yesterday:
Nicholas John Greenwood post_7 collects 5% of H2O
NG is an impressive private investor who some will recognise from the glorious SPLITs days of 2002-5. His more recent play has been the building of a 7% stake in Private Equity play PEQ, where his quite recent £2.8m investment is now valued @ c£3.6m.
The above addition to his H2O stake takes him to 4.66m (6.4%) ; so should one be following in his footsteps? Well, H2O appears to be a beneath-the-radar PE opportunity standing at a very steep 63% NAV discount. Of particular interest from this week's IMS is this extract from the Chairman's statement:
"Ordinary Share price:
The Company's stock price continues to trade at a substantial discount to the NAV and the Directors are conscious of this fact. The Directors review the relative and absolute performance of the share price regularly and consider measures to improve the liquidity of the Ordinary Shares and narrow the discount and will continue to do so in the future.
Shareholders will recall that, at the interim stage, I had said that the Board was very aware that the prevailing discount in the share price to the Company's Net Asset Value was a source of continuing concern to shareholders and that we were, as a Board, seeking alternatives which could include, inter alia, "some form of corporate action such as a possible merger or consolidation with other assets or similar funds and/or an examination of the merits of the Company maintaining its public listing."
The Board has explored these alternatives and has been in active discussions with the core shareholders but unfortunately, in spite of our efforts and those of our advisers, no credible alternative has emerged as yet.
Our efforts on this front will continue as the Board believes that some form of corporate action is the most appropriate future course for the Company and its shareholders to adopt. However, as I said in my previous statement, an acceptable solution will take time. I do assure shareholders, on behalf of the Board, that our efforts on this front will continue apace and further announcements will be made as soon as we have something material to report."
Another recent RNS was for the appt of Fergus Dunlop as a non-exec. Personally, having viewed his career profile, I find this a wholly positive appt for the prospects of H2O, in particular the likelihood of a successful corporate outcome.
Perhaps an interesting one to put away in your bottom drawer! I bought a small initial stake @ 35c. The quote is in Euros - Current share price = 33c-35c|
|m.t.glass: Serious retail order for HALO (from India) lifted its share price this morning.|
|serotine: Modern Water (MWG) Tipped in today's Independent
Our view: Buy
Share price: 89.5p (unchanged)
Arguing that investors should buy a stock in these iffy markets is hard enough, but when the company in question has not yet made a penny of revenues, the task is even tougher.
However, punters should buy Modern Water. The company is a water technology outfit, whose main business is running desalination plants using what they call manipulated osmosis technology: a method of osmosis that, they claim, is cheap and more efficient than normal desalination techniques.
The group issued its fairly inconsequential interims yesterday, but, more importantly, next week it will announce that its first plant in Gibraltar will be up and running, with clients in place. Following hot on the heels of that news will be the announcement of further deals, particularly in the Middle East.
Modern Water has no debt and £28.7m on its balance sheet. The company says that global spending on securing water sources in the next 10 years will reach $57bn (£32.4bn), and, while the group is very small fry indeed, next week's news should prove a boost to the share price, which has tailed off from year highs of 112.5p.
There is no getting away from the fact that Modern Water is a speculative punt and investors certainly should not bet their mortgage on the company, but, with the group set to start making money, now would be a good time to get in. Buy.|
|m.t.glass: Thanks serotine. Its share price chart is mighty grim but I will add it to a header list shortly.|
Aqua Resources share price data is direct from the London Stock Exchange