Modern Water Share Discussion Threads

[p1nkfish] 16/9/2015 08:48

Do they have a sufficient sense of urgency as I don't get that vibe from the results.

Given what is known the current market cap is still too high when they are burning £2m+ every 6 months with about £4.5m left over.

It's heading down and outside of slashing costs and getting lucky with a Gibraltar payment up-front I don't see that changing, or am I just jaded.

Surprising the price has held 9p so far.

Will they take debt on to finance the Gibraltar build or wipe-out existing holders?

[p1nkfish] 16/9/2015 08:16

How can they avoid having to come back to the market for more cash and diluting existing holders?

[p1nkfish] 16/9/2015 07:45

Disappointing.

[p1nkfish] 14/9/2015 12:26

From Gibraltar budget document June 2015.


"The tender process is now nearing completion and I will be making an announcement soon. This will ensure that Gibraltar is finally compliant with the EU’s Urban Wastewater Treatment Directive."

[p1nkfish] 14/9/2015 09:27

May have hit Gib problems - 23rd June Gib budget said soon to update on waste water plant - nothing heard since.

Site Manager job opening gone off MWG website.

No news since Oct 2014 on this. Problems?

[p1nkfish] 12/9/2015 18:57

Depending on cash-burn it can start to turn up.

Dumping overpaid under-performing management is critical - they have done some of that.

The rest is down to sales and proving the role IP in membranes can play as a value item.

I think their #1 weakness is in sales function. The world will not beat a path to their door unless they blow the trumpet hard and loud.

I expect the last 6 months to be better than June-Dec 2014 as some sales revenue should have arrived from postponements and the large packaged monitoring unit.

Directors have been very quiet.

Competition are keen, active and have strong relationships. The likes of Oasys look like kicking MWG's backside in China and the big boys mopping up large needs in mid-east etc.

Best thing for shareholders may be a sale.

Also, appears to be a large overhang of stock.
Quick fix - not likely.

Headcount costs should have fallen and the cost of dumping the exec chairman be out of the way - £167K.

[timberwolf] 12/9/2015 16:49

"Down down deeper and down"! With apologies to Status Quo!

I'm just glad I got out when I did, back in March :-) The share price has fallen around another 50% since then!

IMHO, this company is going absolutely nowhere, but down!

[p1nkfish] 12/9/2015 15:25

Begging for Veolia to take them out, or some other similar group. Tart it up and flog it.

[p1nkfish] 10/9/2015 22:14

I think they have taken a broom to the place and swept out some costs. All is not yet lost, under this are some decent products needing a quality sales channel.

Announcement next week will throw some light on the changes and interesting to see the cash burn rate and forward look.

[ohisay] 08/9/2015 09:02

And it all seemed so promising..

[p1nkfish] 04/9/2015 18:16

how rubbish can numis be?
behind the curve or what?
'under review' once proven they have no idea.

[p1nkfish] 01/9/2015 08:51

You would have thought they would have been addressing California agressively.

[p1nkfish] 29/8/2015 21:46

a sign of it changing could be alan wilson (chairman announced april 15) acrually buying some shares.

[p1nkfish] 10/8/2015 19:46

Good luck, yes.
This co has the hallmarks of being set-up by a pied piper.
Led a fair few astray.
Lack of any positive news is a sign they have nothing to say.
Long term clumsy seller in the background.
Management showing no sign of turning this around.

[timberwolf] 10/8/2015 16:30

Welcome to the ex MWG club Andrew :-)

Just like you, I was long on MWG, but I think that, in the end, we've (most of the posters on this thread) now largely had a sense about a company going nowhere, whatever the reasons. I feel that, like you, it's a tough decision to make to finally get out, and I also hung on, probably too long too.

Good luck in your other investments!

[andrewbaker] 10/8/2015 15:46

Well ... goodbye, I'm out at - long and far too long - last: and you can't get 11.5p selling. You can actually buy at 11.5: and this is with the board showing 11.5/12 bid/offer; so if anyone is still around, fill your boots at 11.5 to buy (though I really don't see it happening).

[p1nkfish] 07/7/2015 09:49

The Gibraltar contract, when finally confirmed, is expected to run for 18-24 months and a site manager position is now being advertised for the build with that contract term.

[p1nkfish] 28/6/2015 11:29

no shortage of projects out there.
why no news of one pakaged desal sale yet?
beginning to look like they don't have much of an idea.

oasys have been winning work in china and even oil.

[p1nkfish] 08/6/2015 23:20

Would have no surprise in finding MWG are clueless.

[p1nkfish] 08/6/2015 23:09

He's non-exec Chairman at PRES. Figurehead. Perhaps he's just unlucky. Others get the stress of sorting out the mess and meeting targets.

[pugugly] 08/6/2015 09:32

Further to my 932 above must now express caution re Alan Wilson – The recent news from PRES suggests

1. He is going to need to spend much more time getting PRES back into a profit growth rather than a profit fall mode (or even loss)

2. PRES seems to have been well behind the curve in the downturn in their main markets (no idea how much of this can be laid at his door)

Very much watching and waiting

[p1nkfish] 04/6/2015 09:14

Are they holding back news or have they gone into hibernation?

If I thought they had a business I would buy but as it is there is little sign of life or that they have any fight in them at all.

A bigger selling spooling out stock as and when they can.

[p1nkfish] 14/5/2015 17:46

Without sales growth they are finished.

China has such a problem that recession or no they should be buying. The China end is interesting as it makes me wonder if the whole thing was some fantasy sold to the BOD. NOTHING has moved. During Camerons visit it was supposed to be all steam ahead, then suddenly nothing happened except the Exec Chairman was pushed to go. Something fishy.

Sad state of affairs and not at all edifying for the whole management team.

Now they are offering packaged RO in containers. Good idea. What happened to FO as the next great thing? Something else sold to investors. Where's the beef? There is none. Just large goodwill right-offs.

[andrewbaker] 13/5/2015 12:05

I am long Modern Water plc. I bought in too soon, I know, because I believe in the technology, However, the recession and the fact that RO desalinization plants already up and running are not economically able to change to FO, has not helped sales, hence the dismal performance.

However, I am continuing to hold on the basis that trading will improve in 2015, and that with an economic recovery, more entities will want to start desalinization processes as fresh water becomes ever scarcer.

For those technologically inclined, patient enough, and with investment funds available, a stake in Modern Water plc (MWG) will, IMHO, prove rewarding over time.

[p1nkfish] 10/5/2015 13:15

Biwater are managing something like > £400M revenue.
MWG < £5M.

These people have overseen running this company into the ground.

However, they could make a decent buy-out target and depending on Aquapak sales could turn around this year. Interesting gamble.

Couldn't blame anyone for selling this management, that is what it is, a decision on the quality (lack thereof) of management.