Share Name Share Symbol Market Type Share ISIN Share Description
Modern Water Plc LSE:MWG London Ordinary Share GB00B1XF5X66 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.275 1.20 1.35 1.35 1.275 1.28 982,309 09:00:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 4.2 -2.5 -2.2 - 2

Modern Water Share Discussion Threads

Showing 3626 to 3647 of 4175 messages
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DateSubjectAuthorDiscuss
07/8/2018
08:02
AIM, where a short attention span can be costly!
argylerich
05/8/2018
13:12
Need the full contract signed off and then I think we'll see 15p
madmonkflin
03/8/2018
21:01
This is why I find the Chinese premium offer of 11p/share so interesting from a PI point of view. As slicethepie says, they will have much better visibility on the earnings in the Chinese market here, but wouldn't let MWG know of the true potential as they would want the best price for a piece of MWG. But also they would have seen the books during the DD process and this must of said to them they couldn't make a lowball offer for the shares, otherwise why not screw MWG for 5p/share and a bigger % rather than the 11p offer, if the cash position was so precarious?
pugg1ey
03/8/2018
17:16
Very half empty sir! I thought they got a payment on day 1 of the gib contract breaking ground, R & D refunds are pretty straight forward, Chinese authorities tend to be business savvy unlike our lot. The Chinese will have visibility of the potential sales pipeline which is presumably why they are so confident. At this stage it is all to play for, one sake in China or India will change this overnight.
slicethepie
03/8/2018
10:21
Well their first Trading Statement has turned out to be a bit of a disappointment. Sales from Monitoring dropping back slightly from the momentum at the AGM Statement. NO new sales from the Membrane Division. The Gib preliminary contract isn’t going to keep that Division afloat by itself as the main contract is still a long way off. Revenue £1.9m, Gross profit £1m but still £1.4m loss for H1. Losses of £233,000 month, worked back from the AGM statement means £360,000 into the finance facilities (up to £1m) already unless they’ve received the R&D refund (£165,000) Either way they are treading a tightrope of a timeline, needing the Chinese Govt approval for the investment, the new company registration, and Sunup to proceed as planned, all before the money runs out in October…. Unless they start making some sales! Getting the Chinese as investors will certainly be transformational if it all goes as planned, but they still need to sell stuff! Otherwise I can still see the Monitoring Division being sold off, which would be bananas as it’s the only bit (nearly) making money. Can only see this drifting during the next two months, especially if there are no updates on Chinese progress during the closed period up to the results.
argylerich
03/8/2018
09:28
That £20K trade has been cancelled at 9.3p and put through at 9.5p on my L2. The current sell limits are large (come on stale bulls what are you waiting for..)
pugg1ey
03/8/2018
07:06
I should clarify that by re-tender i mean they needed to update their price as they cannot hold a price for 4 years. This is in MWG best interest. Very unlikely that the Gib Govt would go elsewhere especially as MWG are in JV with Northumbrian / AquaGib.
norbert colon
03/8/2018
06:14
Surprised you think a retender would be necessary for gib, if so recent statements from gov re ground being broken this year seem highly ambitious / unlikely. Co says progressing surely that means exactly that.
slicethepie
02/8/2018
21:26
Just felt the need to clarify a few things raised in recent posts as I see them:1) MWG does not need 'some big contracts' - they would certainly be nice but frankly I would be happy for them to keep securing a number of smaller orders (without the need for an RNS) and building on them as their Clients get to know the technology. This should now start to happen with a commercial size reference project up and running (membranes) and a new distributor arrangement for Monitoring.2) MWG are at the mercy of the Gib Govt with respect to the WWTP contract at Europa Point. I believe they will need to re-tender given the price is 4 yrs old now and once the enabling works are complete the Govt should push the button to get on with the main works although if history is anything to go by this could get delayed although John Cortes was pretty firm in his words about getting on with it in the recent budget speech.3) The 11p price for the Sunup investment is simply the price Sunup were willing to pay in the same way that any other investor has a price he is willing to pay. Personally I think they could have been a bit bolder but they are not in a very strong position to negotiate given their cash / balance sheet position.I am pleased with the Trading Statement and look forward to further progress.
norbert colon
02/8/2018
16:07
Our buyer still seems to be picking up all the loose pi holdings. Happy with today's update, suspect cannot say much more about gib contract but still progressing .....
slicethepie
02/8/2018
14:22
They must see value in it surely? To be clear I've sold as I'm an aim investor used to seeing shares go down if any patience is needed they're not and (largely)because of that these won't be coming off my watchlist and i'll be watching for newsflow fairly carefully.
bad gateway
02/8/2018
14:14
fair enough I'm still intrigued why the Chinese agreed to pay 11p/share wrt to the share price at the time (and current SP), regardless or not if the relevant paperwork goes through.
pugg1ey
02/8/2018
14:07
Maybe.. but all they had to quote on that was a oneliner from a politician in the budget speech about maybe breaking ground this year. Hardly inspiration to load up and wait.
bad gateway
02/8/2018
13:50
something up their sleeve like getting the full Gibraltar contract...maybe They don't seem concerned with the cash position.
pugg1ey
02/8/2018
13:08
Agreed and sold most of mine too. They seem confident of this 11p placing still. Wonder do they realise they're going to have to announce a few big contract wins (imho) before pi's are going to want to get involved? Either they've got something up their sleeves waiting or management here may be a wee bit disappointed with the response.
bad gateway
02/8/2018
07:14
I sold when the market opened 2 x 40k. Just not enough in that trading update. Just think I can do better in the short term with the money. I risk being out and a new contract lands and spike in price but so be it.
dave4545
02/8/2018
06:19
Still very much loss making but probable open offer at 11p subject to chinese subscription "Overhead is flat on last year so that the loss after tax for the period is expected to have been reduced by c. £400k compared to H1 of 2017 (£1.8m)."
pugugly
01/8/2018
07:29
Spread is tight too atm 9.6-9.9p monitor but 9.7-9.812p atm
dave4545
30/7/2018
15:37
May or may not be the same person but there is a regular stream of 50k buys going through at the moment while they can without moving the price up at the expense of pi small sellers giving up with impatience. Still feel another explosive upward spike is around the corner or maybe a rise which could be sustained with a big Chinese contract.
dave4545
27/7/2018
15:09
slice - with managements history perhaps the city boys didn't want the whole cake!
targatarga
27/7/2018
14:57
To repeat something I said sometime back, I do not believe management and advisors would have gone to the trouble and cost of including pi's etc in the offer if they did not thing this should be significantly higher
slicethepie
27/7/2018
14:50
Good value below 10p
dave4545
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