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
  -0.05p -3.23% 1.50p 1.40p 1.60p 1.55p 1.50p 1.55p 265,189 08:20:27
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 3976 to 3998 of 4075 messages
Chat Pages: 163  162  161  160  159  158  157  156  155  154  153  152  Older
DateSubjectAuthorDiscuss
31/7/2019
00:07
Nice 19% drop.That's your money evaporating.Lemmings and mushrooms only.
ken chung
23/7/2019
19:24
Sadly, this RNS comes as absolutely no surprise to me whatsoever. As always has been the case, since inception, cash will continue to be burnt, with nothing but losses being incurred, IMHO. For information the following is the "Going Concern" statement made by the Directors in the last "Annual Report & Accounts 2018" QUOTE GOING CONCERN The directors are required by company law to be satisfied that the Group has adequate resources to continue in business for the foreseeable future. The group has recorded a loss for the year of £2.3m and has net cash out flows from operating activities of £1.4m. The directors have performed a detailed analysis of the cash flow projections for the Group as a whole covering the period through to the financial year ended 31 December 2018 and beyond. The forecasts support that the company will remain a going concern for at least twelve months from the date on which these financial statements have been approved and signed. The cash flow forecasts are based on the key assumptions set out below, some of which are subject to material uncertainty that may cast significant doubt on the group and the company's ability to continue as a going concern: •Monitoring Division: Continuing revenue growth over 2018. •Membrane Division: Significant increase in number of technology licences sold vs 2018. •Gibraltar Waste Water Treatment Plant: full contract commences during 2019. •R&D tax credit receipts from HMRC of a broadly similar amount to 2018. •Continued availability of a £0.5m bank loan from Barclays Bank Plc. As disclosed in Note 21 a covenant on the bank loan was breached as at 31 December 2018, but the bank has waived this breach and reset the covenant. Post year-end, the $0.5m credit facility that was available to the Group was terminated and is to be replaced with a new $0.75m facility to be finalised, providing additional available resources to the Group. Modern Water is also pursuing a number of new commercial opportunities across its divisions and also believes it has a variety of external financing options available should they become necessary. Following the review, the directors have concluded that adequate resources are available and therefore that they are justified in using the going concern basis for the preparation of the financial statements. UNQUOTE I question how many, if any of these assumptions, have, will, or would have been achieved?!
timberwolf
23/7/2019
19:11
Couldn’t sell my miserable little holding today, looks as if the MWG market has seized up completely. As for a one-for-one rights, there would need to be a much more convincing story than the present omni-shambles imo.
dozey3
23/7/2019
16:07
Not sure if a placing would help any with currently 113m shares in issue and a £1.8m market cap, they could double shares in issue to raise £1.3-4m ? Anyone any thoughts.
gbenson1
23/7/2019
13:33
Sadly more bad news, the membranes division have so much potential!! It sounds as though the finances are worsening and time is of the essence.
gbenson1
15/7/2019
16:07
Oooh, missed the news today - anyone get it?
sirrux
12/7/2019
10:43
Poor old Humpty, looks like he has fallen off his wall!
bookbroker
11/7/2019
21:02
Raising funds is about relationships, good communication and promotion. None of the board have these skills, they have 1 institutional investor who has only maintained his holding through the fund raises. Their incompetence scared Miton into selling out 15 months ago and that was probably the kiss of death.
slicethepie
11/7/2019
13:36
Also noted that is you are a "quiet stock" and in trouble it's a very bad time to try and raise funds. No problem for all the garbage mining stocks/oil aim stocks that year after year get their money because the punters love them. PEL was suspended and went into administration not even a hint of trying to do a fundraising below the suspension price. Think next 12 months a lot of stocks in trouble could vanish from trading screens
dave4545
11/7/2019
13:32
Clearly the technology is not able to be installed or exploited profitably, at least by this outfit. Guess vultures have already looked into it and decided nothing viable remains. Hope is gone.
dozey3
11/7/2019
11:43
Yes, here's what the IP group say: "Modern Water owns exciting leading-edge desalination technology which produces large volumes of water at lower cost and in an environmentally responsible way. With expectations that by 2025 two-thirds of the world’s population will live in countries that are classified as water-stressed, its portfolio of technologies will revolutionise the provision of fresh water." Am sure they have disclaimers all over the place, just didn't spot those.
sirrux
11/7/2019
11:13
It should be about reputation, they have sat on the board and done nothing to protect their investment. I suspect the fact that they did not join in any of the recent fund raises shows they don't think much of it and I am sure that is how potential investors saw it however allowing it to go bust is a poor advert for there so called skills.
slicethepie
11/7/2019
11:00
Nose-diving, shouldn't the IP group with a 15% stake grab the bull by the horns here. IF, and that's a big 'if' they have what they say they have lined up for the sake of a few peanuts surely the "active" institutional backers would step into the fray? Unless of course, someones's telling porkies or everyone has just lost their marbles. Perhaps the issue is that the backers want to upgrade the management for the commercial phase.
sirrux
11/7/2019
01:55
Holding out hope that the co. might get the go ahead on the Gibraltar job before it goes belly up. Presumably that would come with a decent upfront payment. Seems little point in selling now I'd get the square root of sod all for my shares I had high hopes for this. What an utter balls up
boffster
10/7/2019
20:50
His salary helps that go away fairly quickly IMO
buywell2
10/7/2019
20:45
The tragedy of all this is there is clearly some good ip in here it's just sheer incompetence that has allowed the company to get to this point. Bad management can destroy the best of businesses and this is a case in point. My only consolation is that humph had a decent holding ( unlike the useless chairman who held no shares) so shares some pain with ordinary shareholders.
slicethepie
10/7/2019
16:42
Made a huge loss which would have been a lot more if I hadn't sold up earlier , cannot understand how theBOD have not been able to make a success here!!!
joeblogg2
10/7/2019
16:39
@gbenson1 Yup, I have to agree. IMHO, the writing is very clearly on the wall. I do hope not, but that's my gut feeling too! Maybe, with a better board, there would be more hope for MWG, but I just don't see it here, based on their track record since inception!
timberwolf
10/7/2019
16:35
Like from the administrators
buywell3
10/7/2019
16:31
RNS doesn't Instill me with any confidence, it's as if the writings on the wall. It's a massive shame given the technology and the need for potable water in remote parts of the world, in the right hands this technology has a future, I guess NWL will pick up the technology for a song at some stage!!
gbenson1
10/7/2019
16:31
Many burn cash to be fair on AIM and never make profitability Does anyone know the percentages of AIM stocks that do ... say for 3 years running I don't but I would guess it is less that 10%, maybe even 5%
buywell3
10/7/2019
16:16
The RNS statement that, "The Board is continuing to manage its working capital carefully....." made me laugh! Sorry, but, IMHO, MWG has pretty much been a classic cash burn company from start to, probably now, finish. Rather than concentrating on their core specialisation and keeping the company lean & mean, the management branched out on other areas, increasing staff levels and other overhead, whilst bringing in little new business at all. A few years ago they were posting news, via RNS, to shareholders that, for example, they'd sold ONE toxicity meter to some company, or other! I question what the cost of that sale was, taking into account the massive overhead?! I'm sure that nobody likes to see a company fail, but I fear that this one will, and, as others have said, I'd certainly blame the board members! I'm just glad I got shot when I did, still at a loss, mind you!
timberwolf
10/7/2019
15:55
Two posters on here ramped this POS a couple of years ago and then did a runner They have performed similar tricks on other threads JWNG being one , PHD being another and ODX yet another ... I could go on. They should be ashamed.
buywell2
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