Modern Water Share Discussion Threads

[dave4545] 30/1/2018 11:39

Yep, no buy quote on the dip currently 16.25-16.75p sellers only please

[dave4545] 30/1/2018 11:37

Good to trade mm's doing a canny shake now to flush out more profit takers but people
are still buying so it should turn again soon

[parvez] 30/1/2018 11:30

onwards and upwards then :)

[hottingup] 30/1/2018 11:28

And maintained a debt free balance sheet.

[babbler] 30/1/2018 11:18

Hard to buy ATM. Got to do 20 plus surely. (Don't call me surely)

[p1nkfish] 30/1/2018 11:18

Yes and they took some awkward decisions on costs too.

[p1nkfish] 30/1/2018 11:15

Excellent, at last!

[hottingup] 30/1/2018 11:11

Parvez, I agree. The original oversubscribed placing for MWG's launch in 2007 was at 119p, which valued the company at £70m on admission. Directors subscribed almost £0.5m at the time showing their commitment.

Now we have confirmation of winning the big Gibraltar contract today, worth £22m and securing the business for the next 20 years, plus progress on the other Points 1 - 5 listed in the thread heading, including the graphene involvement which is completely new.

P.S.
Like your earlier post on the other thread (although half year Group revenue increased 37% to GBP1.56m not £1.1m as you suggested).

Parvez
30 Jan '18 - 10:43 - 1755 of 1755

Half year revenue was 1.1M and Gross Profit was around 0.7M. This contract is worth 22M to MW so will let you all do your own maths here :0)

[bookbroker] 30/1/2018 11:08

Most people who have invested have been well and truly shafted, myself included, this project has been delayed this long, I would not be surprised if this was not the end of it!

[parvez] 30/1/2018 11:05

Hottingup, when i do the calculation this is a no brainer. If i am right this should be capitalised at well of the 2007 valuation when they were just about starting out. thoughts?

PS expect a few tree shakes along the way

[top tips] 30/1/2018 11:05

Thanks for the original tip last year hottingup.

MWG were 43p in 2014, 63p in 2013 and 136p in 2007. Must be worth somewhere in that range now the fundamentals are turning around and they have the big Gib contract announced today.

[dave4545] 30/1/2018 10:57

erm not quite, it's currently around 14-15 mil market cap

[hottingup] 30/1/2018 10:54

Securing the big prestigious Gibraltar contract today will also help them secure more contracts elsewhere.

P.S.
The oversubscribed placing for MWG's launch in 2007 was at 119p, which valued the company at £70m on admission. Directors subscribed almost £0.5m at the time!

[gemlotte55] 30/1/2018 10:49

And maybe more Chinese brine news

[hottingup] 30/1/2018 10:48

MWG finally hit the jackpot with the big £22m Gibraltar contract:


30 January 2018
Modern Water plc



H.M. Government of Gibraltar awards an Advance Works Contract for its Wastewater Treatment Plant

Modern Water plc (AIM:MWG), the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, is pleased to announce significant progress on the Wastewater Treatment Project in Gibraltar, first announced on 6 October 2014.

H.M Government of Gibraltar has today awarded an Advance Works Contract to the joint venture (the "Joint Venture") between Modern Water and NWG Commercial Services Limited ("Northumbrian Water"), which covers the design and survey work required for final planning and environmental approvals as well as preliminary site works.

These are the final steps before work can commence on the overall project, which is for the design, build and operation of a wastewater treatment plant, capable of treating urban wastewater as well as storm flows for the entire population of Gibraltar.

As previously announced, following a formal tender process, the Joint Venture was appointed preferred bidder for the project in October 2014. Modern Water is responsible for the design and build portion of the contract, which has an aggregate tender value to Modern Water of approximately GBP22 million. On completion, Northumbrian Water will be responsible for the operation and maintenance of the plant for 20 years.

Simon Humphrey, Modern Water's CEO, said:

"We are delighted to announce such a significant step towards delivering this important project for the people of Gibraltar. Together with our partners at Northumbrian Water, we now look forward to working closely with the Government of Gibraltar to finalise the main Design, Build and Operate contract."

Commenting on the project, The Hon Prof. John Cortes - Minister for Education, Heritage, the Environment, Energy and Climate Change, said:

"I am delighted to be able to announce this important step forward for this vital project, which honours the commitment made by this government. On a personal note, as an environmentalist, I take huge pride in being a part of leading the further development of Gibraltar's environmental credentials and the delivery of Gibraltar's wastewater treatment works."

[scrutable] 30/1/2018 10:47

After doubling by 8p to 16p, still capped at only £14m
m.

[hottingup] 30/1/2018 10:46

Parvez
30 Jan '18 - 10:43 - 1755 of 1755
0 0 0
Half year revenue was 1.1M and Gross Profit was around 0.7M. This contract is worth 22M to MW so will let you all do your own maths here :0)

[parvez] 30/1/2018 10:43

Half year revenue was 1.1M and Gross Profit was 0.67M. This contract is worth 22M to MW so will let you all do your own maths here :0)

[joeblogg2] 30/1/2018 10:40

:(( patience certainly pays off just wish I had some :(( well done anyone still holding!!

[hottingup] 30/1/2018 10:33

MWG were over 60p 5 years ago when they first indicated possible involvement in Gibraltar.

[hottingup] 30/1/2018 10:26

Gibraltar announcement

[still waiting] 30/1/2018 10:26

3 years to come good.

wow

[dave4545] 30/1/2018 10:17

Cannot buy online at 12p now cannot see what will stop it spiking to 15-20p
soon the punters used to love this stock and that contract will not stop the price soaring no matter how many shakes they try

[parvez] 30/1/2018 10:15

currently capitalised at just over £10M :0)