Modern Water Share Discussion Threads

[babbler] 25/4/2018 11:45

I don't doubt that...

[dave4545] 25/4/2018 11:37

Good luck. Will return to the thread the next time I buy in.

[babbler] 25/4/2018 11:35

Mwg has more than most... Imo... With the recent contact don't forget....

[dave4545] 25/4/2018 11:31

No regrets Babbler I bought loads below 6.5p and sold them for a nice profit. The market is mad at the moment for none profitable stocks, lots of them getting chased
through the roof and Mwg is joining in the fun

[babbler] 25/4/2018 11:28

Dave almost 9p now...

[pugg1ey] 25/4/2018 10:58

Cash Dec 31 2017 £500K
Cash April 20 2018 £343K

Loan untouched so there as a buffer

Net cash position works both ways as in they will have money coming in from 30,60,90 payment term contracts that have been done.

and most importantly they are getting paid for some Gibraltar work

[dave4545] 25/4/2018 10:57

Babbler

I'm not going to say why otherwise it would be seen as deramping or sour grapes so again good luck.

[babbler] 25/4/2018 10:50

Dave you sold??? Crazy man selling after that news... And it will be above 10 by next week imo.

[pugugly] 25/4/2018 10:49

Cash position NOT NET CASH, always a worry as to what are the liabilities that have to be funded/paid - Cash can always be manipulated by delaying payments to creditors (imo)

[pugg1ey] 25/4/2018 10:46

anybody at the AGM able to post?

[pugg1ey] 25/4/2018 10:45

must be sounding positive to some investors at the AGM as more buying

[top tips] 25/4/2018 09:36

Turn around time for MWG. Could be happy days ahead and now successfully underpinned by Gibraltar.

[pugg1ey] 25/4/2018 09:04

yep. have to wait for hottingup to exit on their trade, probably about 5000 shares :-)

[dave4545] 25/4/2018 08:58

As I said good luck Pugg.

If hottingup pastes the same article 500 times you might indeed get your spike :-))

[hottingup] 25/4/2018 08:52

MWG 25/4/2018

"Modern Water has started 2018 strongly with Group revenue in the first-quarter 37% higher than in the same period last year. Both Divisions are performing well, with China the primary driver for the Monitoring Division and the Advance Works Contract for the Gibraltar waste-water treatment plant boosting the Membrane Division.

Gross profit in the first quarter was 40% higher than 2017 and Group overhead was 8% lower than the same period last year..."

[pugg1ey] 25/4/2018 08:36

CFEP having pushed the offer down over weeks to 6.5p is now chasing the bid...

[pugg1ey] 25/4/2018 08:36

SP should double now dave's out:-)

[dave4545] 25/4/2018 08:33

I sold out this morning. I'm amazed I got a penny more than yesterday for them.

Good luck to those that hold

[hottingup] 25/4/2018 08:28

Should return to the 20p to 30p range quite quickly:

25 April 2018
Modern Water plc ("Modern Water" or "the Company")
AGM Statement

At today's Annual General Meeting of Modern Water Plc, the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, Alan Wilson, Non-Executive Chairman, will make the following statement:

"Modern Water has started 2018 strongly with Group revenue in the first-quarter 37% higher than in the same period last year. Both Divisions are performing well, with China the primary driver for the Monitoring Division and the Advance Works Contract for the Gibraltar waste-water treatment plant boosting the Membrane Division.

Gross profit in the first quarter was 40% higher than 2017 and Group overhead was 8% lower than the same period last year. The Group's cash position as of 20(th) of April 2018, stood at GBP343,000 and the finance facility ($600,000) secured on Modern Water Inc's receivables remained un-utilised.

Outlook

Management is confident that the strategic decision to terminate the contract of our sole Chinese distributor and pursue a multi-channel sales approach in one of our most important markets, was correct and first-quarter financial results clearly support that. We expect further progress in the remainder of 2018 and for the Monitoring Division is expected to return to EBITDA breakeven for the year.

In the Membrane Division, our principal process engineer is currently on site in India overseeing the final commissioning of our first full-scale All Membrane Brine Concentrator (AMBC). Two further paid-for trials with other industrial customers have been successful. We are also well-positioned in China and our first AMBC project is due to be commissioned shortly. With reference AMBC plants operational in both our key markets, we expect to see an acceleration of licence sales for this product during 2018.

The Gibraltar Advance Works Contract is progressing well and we remain committed to helping HM Government of Gibraltar to achieve its goal of completing the Waste Water Treatment Plant in 2020."

[pugg1ey] 25/4/2018 08:23

The profit warning was for the results last year. If you read the whole statement it said things had started well in 2018
The share price has tanked so much as an inst has sold down.

Now being paid for Gibraltar work

This will be very volatile today as traders try and make their 10%

[al h] 25/4/2018 08:22

Can now buy at the bid, monkeys all over the shop

[bad gateway] 25/4/2018 08:15

I bought a few back first thing they were cheaper than I sold for so can live with it.
Will hold for further updates now they're chugging along.

[hottingup] 25/4/2018 08:14

Looks like the ideal time to buy shares in MWG on what should be a strong recovery back to the 30p+ range.

[garth] 25/4/2018 08:12

Same position here - but I guess we know what its worth if they pull it off. And it sounds like maybe they will. Still massively below what price it could be by next week. When the information changes...

DYOR. IMO.

G.

[hottingup] 25/4/2018 08:09

25 April 2018
Modern Water plc ("Modern Water" or "the Company")
AGM Statement

At today's Annual General Meeting of Modern Water Plc, the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, Alan Wilson, Non-Executive Chairman, will make the following statement:

"Modern Water has started 2018 strongly with Group revenue in the first-quarter 37% higher than in the same period last year. Both Divisions are performing well, with China the primary driver for the Monitoring Division and the Advance Works Contract for the Gibraltar waste-water treatment plant boosting the Membrane Division.

Gross profit in the first quarter was 40% higher than 2017 and Group overhead was 8% lower than the same period last year. The Group's cash position as of 20(th) of April 2018, stood at GBP343,000 and the finance facility ($600,000) secured on Modern Water Inc's receivables remained un-utilised.

Outlook

Management is confident that the strategic decision to terminate the contract of our sole Chinese distributor and pursue a multi-channel sales approach in one of our most important markets, was correct and first-quarter financial results clearly support that. We expect further progress in the remainder of 2018 and for the Monitoring Division is expected to return to EBITDA breakeven for the year.

In the Membrane Division, our principal process engineer is currently on site in India overseeing the final commissioning of our first full-scale All Membrane Brine Concentrator (AMBC). Two further paid-for trials with other industrial customers have been successful. We are also well-positioned in China and our first AMBC project is due to be commissioned shortly. With reference AMBC plants operational in both our key markets, we expect to see an acceleration of licence sales for this product during 2018.

The Gibraltar Advance Works Contract is progressing well and we remain committed to helping HM Government of Gibraltar to achieve its goal of completing the Waste Water Treatment Plant in 2020."