Modern Water Share Discussion Threads

[dave4545] 07/6/2019 11:40

Some of these once "stars" are turning out to be right duds and this went from 6p to 36p in a few weeks not that long ago.

time flies it was a few years ago

[slicethepie] 07/6/2019 11:35

Chinese seem to have gone very quite, having paid top dollar last year they have not participated in subsequent fund raisings so have accepted dilution

[velvetide] 07/6/2019 11:31

We may get an order for another one if they cant put the first one back together again.

[gbenson1] 07/6/2019 11:31

I think with the Gibraltar project in the bag where now takeover material, but at what price? Even NWL might be interested and keep the project "in house".

[joeblogg2] 07/6/2019 11:27

what price new funds or will the Chinese just gobble up cheaply?

[timberwolf] 07/6/2019 11:25

Not really surprising to anyone I'd think! :-(

Quite frankly, IMHO, as I've said before, I can't see any new possible funding going anywhere but where it's always gone, down the proverbial!

[joeblogg2] 07/6/2019 11:11

:(( another dud with so much potential :((

[pugg1ey] 07/6/2019 11:06

writing just got a bit bigger.....

[pugugly] 07/6/2019 07:34

Alan Wilson out of Pressure Tech PDQ - Writing on the wall here ?

[norbert colon] 30/5/2019 12:52

I think it's actually more about acceptance of new technology than competition. Oasys, one of MWGs competitors threw the towel in a couple of years ago with FO as despite being more commercially astute and on the ball they just couldn't seem to secure orders. Whilst FO is a cool technology it seems it will take a few more years before it's widely accepted in the market alongside more well established technologies.

[dozey3] 30/5/2019 12:14

Since, IIRC, a Chinese outfit showed interest I would be surprised if they haven’t creamed off any worthwhile IP and are by now ahead of the game.

[buywell2] 30/5/2019 07:17

For me as always it is about the competition

In 2013 McDougall said his company was at least 5 if not 10 years ahead of the competition when it comes to using FO technology for desalination

It's 2019 now so have the others caught up ?

[buywell2] 30/5/2019 07:13

Profit was used before

Modern Water has reported positive financial results for 2013 with gross profit up to £1.7 million from £1.4 million in 2012

I wonder what share of the 22M contract was MWG's it was awarded in 2014 and what was for Northumbrian Services Limited

They have cash and might be a buyer for MWG

I am assuming works have been going on eg design since 2014 , what stage the contract is at ? anyone know

A BOD member did buy a chunk of these at 60p , about 25K's worth

[slicethepie] 29/5/2019 19:06

For me the fact that none of the bod put a penny in on the january placing says it all. Humph has presided over annual losses since listing and seems incapable of creating some positive momentum. Even the Chinese seem to have lost interest....my worry is a mbo or low ball takeover.

[r9505571] 29/5/2019 12:59

Where's the bottom for this??

[norbert colon] 24/5/2019 16:17

Timber. As the project was bid back in 2014 iirc I don't think it's a question of pricing but your other point is 100% correct. MWG need far higher revenues to sustain their overheads even after the cost cutting of recent years. Monitoring growth has been very disappointing and whilst membranes (AMBC) could do well I'm also frustrated at progress. I sold out in April.

[timberwolf] 24/5/2019 16:04

IMHO, even the Gib project, even if it's finally signed off, will not make any real difference to the eventual downfall of MWG. Their 100% annual losses, since inception, are just far too high for it to make even a small dent in finances. I'd also question the pricing for the project. I really don't know, but IMHO, many companies in decline, will bid far too low, just to achieve something. I'm not saying that's the case here, but it's a factor that I'd take into account when looking at the future of a company like MWG, especially with their past track record.

Sorry, but that's my honest opinion. :-)

[norbert colon] 24/5/2019 15:54

They don't need a fund raise for Gibraltar, they need Gibraltar to close contracts to get a much needed further cash injection despite Jan placing.

[pugg1ey] 24/5/2019 15:27

released today at 6pm....?

[gbenson1] 24/5/2019 13:46

Well their goes the 1 trade, RNS will reveal all soon, is this possibly in connection with a fund raise to help with Gibraltar project?

[timberwolf] 24/5/2019 13:16

Down down deeper and down! With apologies to the Quo!

Agree Pug and, as you know, I also sold up in the same way some time ago now.

A sad situation, which is, IMHO, basically down to poor management, pretty much from inception. I really don't see where they can go now without another cash call, which would probably go where it's gone before, down the proverbial plughole! :-(

[buywell3] 24/5/2019 11:57

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. ''

[pugugly] 24/5/2019 11:31

Bath plug seems to have been removed - Going down the drain fast now 4.2/4.2 as typing Almost looks like a sell tip or "stop losses" kicking in - Still cannot see any reason to buy but at maket cap now under £5M might be of interest to a vulture - That is if any value in their IP - That is if they have not had it all stolen by their Chinese associates - They are in the right area - Water going to a scarece vital resource in much of the world but these boys do not seem to have the ability (imo) to capitalise on the opprtunities - (If I am wrong I would just love someone to point out why and how they will ever generate value for the long suffering shareholders)

Declaraion - Previously held and sold out at a significant loss but well above current level. - Am thinking of getting back in but - but - but - 2nd and 3rd thoughts suggest "dead rat - leave it be"

[pugugly] 03/5/2019 16:35

slicethepie: Going concern - Well spotted - If they can get the dates wrong I wonder what errors there might be in their contracts !!

[slicethepie] 03/5/2019 16:19

Why buy shares when you can get them for nothing presume these options were a reward for the highly dilutive rescue placing plus a bit extra for attaching warrants Well done bod !