Modern Water Share Discussion Threads

[varies] 01/2/2019 13:31

Whilst regretting that I took up new shares at 9p in October and taking note of the deplorable run of trading losses tabled here recently, I believe that prospects have improved enough for the present price of 6p to offer a good buying opportunity.
We might never see 30p again but it would not take much good news to restore the share price to double figures.

[thic1] 01/2/2019 11:09

My interest was if placement was an individual as notification was necessary or multiple investors!But there hasn't been any rns re holdings it must be multiple holders?!

[pugg1ey] 01/2/2019 10:21

dave's sold. if ever there was a buy signal;-)

[targatarga] 01/2/2019 09:10

I think the family would do better if they ask for the cash instead....

[dave4545] 01/2/2019 08:50

How did this ever get from 6p to 36p in no time once

This market is now brutal for under achievers. Seen some once decent stocks trading at 10p levels now just 3p

Loss making and cash burning with still high caps are out of favour. I took the hit again here.

[timberwolf] 01/2/2019 08:43

01/02/2019 7:00am
UK Regulatory (RNS & others)

Modern Water (LSE:MWG)
Intraday Stock Chart

Today : Friday 1 February 2019
Click Here for more Modern Water Charts.

TIDMMWG

RNS Number : 7573O

Modern Water PLC

01 February 2019

Modern Water plc

("Modern Water", "the Company" or "the Group")

Issue of Shares

Modern Water plc, the owner of world-leading technologies for water and wastewater treatment and for water quality monitoring announces that it has today issued 100,000 new ordinary shares ("New Shares") under the Company's share incentive plan to the estate of a deceased employee of the Company.

Doug Workman, President of the Company's Monitoring Division said: "Richard Stagg worked for our laboratory operations in Cambridge for over ten years and his premature death in 2017 was a shock to all at Modern Water. We honour his memory and wish his wife Alison and his children the very best for the future."

Application will be made to the London Stock Exchange for admission to trading of the New Shares on AIM ("Admission"). It is expected that Admission will take place and dealings on AIM will commence at 8:00 a.m. on or around 7(th) February 2019.

Modern Water's enlarged issued ordinary share capital immediately following Admission will be 113,357,468 ordinary shares with voting rights attached. The Company has no shares in treasury; therefore the total number of voting rights in Modern Water is 113,357,468. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify an interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

--Ends--

[buywell3] 31/1/2019 15:09

buywell3 - 29 Mar 2018 - 06:27:38 - 1940 of 2468 Modern Water - MWG

Swingeing .... a nice word but means something nasty ... many small caps are getting loans at only 2% above base rate




WHY are these having to pay 8% over base rate ... makes me wonder


''The loan will accrue interest at 8% over base rate including a fee for the EIB guarantee. No repayment of capital will be due in the first year. The facility is secured by a debenture and cross guarantee across all UK group companies. ''

[angus17] 31/1/2019 14:52

Thanks Timberwolf

what a hilarious set of results. Lots of lovely tax losses if they ever make any money!!!

Sort of made me laugh thanks Timberwolf

[timberwolf] 31/1/2019 14:23

Just looking through the company results since the listing on AIM in June 2007, and it doesn't make very good reading:

ANNUAL LOSSES AFTER TAXATION
2007 (£1.733m)
2008 (£2.405m)
2009 (£3.627m)
2010 (£4.065m)
2011 (£4.543m)
2012 (£5.413m)
2013 (£4.700m)
2014 (£17.681m) - Includes (£12.780m) exceptionals
2015 (£3.871m)
2016 (£2.102m)
2017 (£5.073m)

:-(

[slicethepie] 31/1/2019 14:21

Shares are already placed! Holders are now faced with a 10% loss so will need a degree of confidence to add to their holding Unless information has been withheld then they know nothing more than the rest of us.

[thic1] 31/1/2019 14:10

Just an alternative thought!!!Whilst the sell seems warranted due to MWG's inabilities! why would Turner Pope take on a share placement unless they had done no due diligence or maybe they have a buyer for the 9mil and any further shares sold??

[pugg1ey] 31/1/2019 13:22

from Sept 2015 interims after the appointment of Alan Wilson

Commenting on the results, Alan Wilson, Chairman of Modern Water, said:


It is clear that Modern Water has failed to deliver on its promises to its shareholders to-date and we must do better. To that end, we have implemented a restructuring plan in order to reduce operating costs and we are taking a critical look at our strategy. Some operating cost savings have already been made and more will follow. I anticipate that the strategy review will start to deliver benefits towards year-end."

[slicethepie] 31/1/2019 13:15

I think to any longer term holders this fund raise is the last straw. The complete lack of any detail is appalling and with management not even contributing a penny confirms this a lifestyle company. Sadly they talk a good story but lack any commercial acumen.

[timberwolf] 31/1/2019 13:08

Yes it looks like someone, or some organisation, is getting rid as best they can, and yes, sadly, MWG have always had money to burn... :-(

[pugg1ey] 31/1/2019 10:51

constant block sells going through, who is it:-(
Appointment of joint broker...must have money to burn....

[sirrux] 31/1/2019 09:47

We need a miracle, perhaps the Pope could turn this around for us? 100p? Devine water on tap where there otherwise would'nt be any!

[sirrux] 30/1/2019 13:22

Ok, the CEO or someone needs to find a buyer to get out of this hole - go to the US, boutique IB there will find someone. They will be better placed and have more support to deal with Chinese takeaway risk, is it just 5% that Sunup have got? Don't sit on it and get ripped off, that's the bottom line here act now. You cannot build this into a giant with £0.5MM capital raisings, that's just messing about.

[pugugly] 30/1/2019 09:40

Hi Timber - Good to see you are still around- Should be value in this area as water shortages and pollution are growing problems BUT this shower of dry dust (rain not applicable owing to total failure of either product and or management -v- competition) show no indiction of ever producing a return for all the cash that has gone down the drain -
Still keeping on a watch list for old times sake BUT if Gib does not come through then (imo) finished and possible a Chinese takeaway from the receiver.

[dave4545] 30/1/2019 09:14

466k sale is the reason for the drop. Done a hour ago for 6.01p so that should be the low as mm will want to sell that all on for a profit

[timberwolf] 30/1/2019 09:07

Sadly Pug, it's all deja vue to me. The old, pointless, product update details, and the odd RNS about the sale of one or two toxicity meters from the Water Monitoring Division, rather than any major sales anywhere! Same old cash burn! :-)

DYOR

[dave4545] 30/1/2019 09:03

Guess this is the time to gamble and buy back in when it's looking terrible and weak online.