Modern Water Share Discussion Threads

[basem1] 13/9/2017 08:32

Yep, fair point. I did sell yesterday in anticipation of nothing new in the results, it takes excellent news to move stocks on results day. On the watchlist and will buy any significant contract news.

[dave4545] 13/9/2017 08:27

" Overall, the operating loss for the period was reduced by GBP188k to GBP1.65m"

That is not very good really.

[argylerich] 13/9/2017 08:11

Definitely not the progress we've been looking for.
It looks like they are returning to fill their announcements with aspirations rather than achievements again. It was too much like that under McDougall.
Monitoring sales have actually fallen heavily since H2 16, going from £2346000 to £1255000.
The phrasing 'now stand alone' when referring to monitoring seems to indicate where they will be getting their next capital raise from.

[dave4545] 13/9/2017 08:09

Poor results for me. The market cap is not 2-3 mill it's 11 million I'm surprised the mm's marked it up and surprised somebody bought first trade. How on earth did this get to nearly 40p recently ???

[dozey3] 13/9/2017 08:06

Quite right bookbroker, should already be helped by our humungeous international aid budget but unfortunately helping upcoming British companies is not on the govt's agenda.

[bookbroker] 13/9/2017 07:52

Likely to build some traction in the third world, get some over to the Caribbean, likely to be a shortage of water processing equipment!

[mad foetus] 13/9/2017 07:51

I think they are pretty positive results and I'm not sure further funding will be needed. It is all down to sales, however. If the Gib deal goes through and if they gain traction in the membrane markets then this can grow quickly. It seems they sold 3 membrane kits for around £100k a pop, so a few more will make a difference.

[pugugly] 13/9/2017 07:49

Cash burn suggests may well need to come back for further funding.

[pugg1ey] 13/9/2017 07:24

Should have stuck with CPX basem1

[basem1] 13/9/2017 07:11

Mildly positive but not enough for a rise ? We shall see

[mad foetus] 12/9/2017 09:31

Interims have generally been between 14-18 September so could be any time.

[runthejoules] 12/9/2017 07:40

Wasn't there meant to be an earnings release today?

[skyship] 08/9/2017 18:26

Certainly encouraging volume...

[joeblogg2] 08/9/2017 14:07

Needs results to be reasonable as no contracts announced for some time!!!

[gemlotte55] 08/9/2017 14:06

Another ticket up soon

[argylerich] 08/9/2017 14:00

Someone is confident about next week

[ifthecapfits] 08/9/2017 13:35

Chunky buys going through.

[argylerich] 08/9/2017 09:12

Straight from the horse's mouth :-)

[cyberbub] 08/9/2017 09:09

Where did you hear that?

[argylerich] 08/9/2017 09:01

Results planned for issue 13th September

[cyberbub] 07/9/2017 16:18

Interesting... burst of volume there? I suspect that some are rollovers, but others are straight buys.

[cyberbub] 07/9/2017 15:33

The real spread is clearly 10.5 - 10.75, so don't panic if the quoted mid price moves down to match the real price.