Modern Water Share Discussion Threads

[pugg1ey] 09/4/2018 12:25

calling Bumpa calling Bumpa
How many shares do CFEP have to dump?

[pugg1ey] 06/4/2018 08:34

Miton. I just went to the website. I think i had the right one as it seemed heavily invested in AIM stocks

[skyship] 06/4/2018 07:51

Pugg1ey - yr 1961 above. To which fund are you referring please?

[pugg1ey] 05/4/2018 21:05

I do understand that AR. I think the market has taken the view of when its official it will add some real value to the MCap.
A £22million contract isnt worth the bid you say as what goes onto the bottom line is a whole lot less, plus the bidder would have to pay or compensate 44 employees. It is worth more to MWG as some of the staff wage costs will be covered by the work.

[argylerich] 05/4/2018 18:03

They also haven't been awarded the £22mln contract yet. They've only been given the preliminary works contract so far.

[pugugly] 05/4/2018 17:50

Pugg1ey: If the market really thought the contract was worth £22m then a vulture would bid say £8m tomorrow and take private - share price action (imo) says all you need to know - For someone like Melrose it would not even register on the spare change down the back of the Sofa -

[bookbroker] 05/4/2018 07:51

This company has had it, that £22 mln contract, I suspect their involvement amounts to a fraction of that, and how do they propose to fund their involvment, another dilutive fund raising, I doubt it. The cash burn is basically to pay the staff and directors like Humpty Dumpty Humphrey, what do they actually do when they turn up to the office, suck on their biros all day, because they have had very little news to announce, I cannot imagine. Or sit there imagining how this wonderful technology is ever going to generate any tangible return!

[pugg1ey] 04/4/2018 21:39

I'll take my chances thanks. Not my biggest investment but £22 million contract looks good to me.
Did you also read the bit where they said they had sufficient cash to reach break even?
Why do you care if not invested?
Personal axe to grind with MWG?

[dave4545] 04/4/2018 17:33

As pointed out on the CRU thread where they have sold down there it could be done for tax reasons.

Why would you wait until the penny share market is at it's worst for many years to try and offload size and at half the recent spike price.

Sounds like Tax reasons to me.

[pugg1ey] 04/4/2018 17:14

Is that the same Miton fund that has halved its NAV in the past year and its share price has lost 60%. Maybe investors are pulling out their money. Even Miton says it is increasing its cash position in the current market.

[pugugly] 04/4/2018 07:21

Writing on the wall - Clear to see - II losing confidence
Miton UK Microcap Trust PLC selling down -

[pugg1ey] 29/3/2018 20:53

I assume the section titled 'capital raise' in the strategic report is a pack of lies as it said there was sufficient capital to reach break even.

[dave4545] 29/3/2018 18:39

Yes, very disappointing.

Should have realised that the company warning just ahead of results would mean the results would be way worse than expected and anything like that now is getting battered in this market.

Silly mistakes are very costly atm.

[skyship] 29/3/2018 16:48

That sky-high cashburn is a classic sign of very poor management. They should have closed some operations to throttle expenditure; not to have done so evidences pitiful project management & budgeting.

The FD Stephen Heaps should be out; even if he may be the scapegoat for Simon Humphrey's own incompetence.

[origami74] 29/3/2018 14:56

I'm in exactly the same position as you targatarga. The results look awful and the cashburn is sky high. I do not think it will be current shareholders at this price which will benefit from the Gibraltor deal. It's the cashburn which as caused me to bail...

[targatarga] 29/3/2018 14:39

I'm out from earlier with a 40% loss.... knowing my luck a bid materialises within weeks.... good luck all tt

[gemlotte55] 29/3/2018 10:40

Still think these will come good. Disappointed with results and loan facility. Going to keep holding as see potential for products. The management need to monetise them

[pugg1ey] 29/3/2018 09:01

so why did they get a loan then Bumpa? i.e. Barclays give them one.
They could have done a placing at 10p with the Flippers when the share price was 15p

[pugg1ey] 29/3/2018 09:00

Look to C4XD for hope. That looked for all the world a placing was coming then bang! trouble is very rare

[bumpa33] 29/3/2018 08:58

Christ, now I know why they didn’t manage to get that placing away....

[dave4545] 29/3/2018 08:56

And why did they not raise money on the back of the GIB deal here.

I wonder why I try to be a investor, was never any good at it. Going to stick to
trading from now on. Apart from my holding in Mrs that is

[pugg1ey] 29/3/2018 08:54

good point Dave. I still don't get why would they get such an important contract (after 3 years of tendering process) if they couldn't complete it. Hopefully the current pain will be future gain