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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
  -0.025 -1.33% 1.85 1.80 1.90 1.875 1.85 1.88 1,216,935 11:04:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 4.2 -2.5 -2.2 - 9

Modern Water Share Discussion Threads

Showing 4051 to 4073 of 5700 messages
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DateSubjectAuthorDiscuss
25/9/2019
21:49
Incorrect. See extract of RNS :"Given the liquidation of Modern Water Services Limited, the contracts previously held by this entity will no longer be carried out, including the joint venture agreement with Northumbrian Water for the Gibraltar Wastewater Project, which has, in any event, been the subject of lengthy delays after the initial appointment of the joint venture as preferred bidder in 2014."
norbert colon
25/9/2019
21:37
No. The contract...'assigned tenderer/assigned bi just because...dder' is still there, only that it's still not finalised (signed). It was allocated to MWG and Northumbrian Water; one would build the other would run it after. It was quoted as being worth 25,000,000, I am sure there would have been some sort of profit. Can.t see NW abandoning this
empoggio
25/9/2019
21:35
Yep the Gib contracts was part of the liquidation as I understand it from recent RNS - gone forever now.
norbert colon
25/9/2019
21:11
Was that contract discontinued?
escapetohome
25/9/2019
21:07
The Gibraltar contract must be worth something at least. NW could easily buy it from MWG...then they could subcontract MWG to build the damn thing!
empoggio
25/9/2019
21:07
The Gibraltar contract must be worth something at least. NW could easily buy it from MWG...then they could subcontract MWG to build the damn thing!
empoggio
25/9/2019
20:51
If the sale does fall over then that won't be a nice day for any of us, let's hope not.
unkwn
25/9/2019
20:49
Very fair conservative evaluation but it could also be more than anticipated and of course could be less than both however highly unlikely. In modern day terms it means a half bagger. Will be more than that but airing on the side of caution it's what a trader would do and be more than happy with. No I prefer a multi bagger personally, time will tell. Great analysis though, sincerely.
unkwn
25/9/2019
14:31
had to google that one, very good.
pugg1ey
25/9/2019
14:20
Yes, of course there is a chance the sale falls over entirely. Cigar butt investing.
norbert colon
25/9/2019
12:03
well lets hope there is more than one bidder otherwise it will be a fire sale. I note from August 6 to August the 30th they went from 'advanced negotiations' to 'ongoing negotiations' regarding selling the monitoring business.
pugg1ey
25/9/2019
09:58
So the Group's Monitoring Division has sales of £3.7m (£1.4m of which is recurring) and makes a gross profit of £1.9m.The Balance Sheet for this Division shows non-current assets of £0.5m, receivables of £0.2m and cash of £0.16m so a book value of circa £0.85m.Microtox (essentially the Monitoring Division) was itself acquired by MWG for $US4.5m at a time when it had sales of $US4.8m, GP of $US2.7m and PBT of $US0.54m - a 0.93 x sales multiple or 1.6 x gross profit multiple.Applying similar ratios to the current proposed sale of the Monitoring Division incl. an assumption that 2 x recurring revenue would be a fair multiple implies a likely sale value of £2.7 - £3.0m. The current mcap is just £1.75m.I've been acquiring a few as despite ongoing losses and cash burn in the Membrane Division, the sale of the Monitoring Division looks attractive wrt short term share price action. Sent from my iPhone
norbert colon
20/9/2019
11:19
It's sinking without a trace
buywell3
19/9/2019
16:32
Come on “”MODERN”” Water Group. Show us why you are MODERN, your bod can walk the talk cut the deals and thrive in a MODERN world.
escapetohome
19/9/2019
12:20
Come on MODERN WATER GROUP. FIGHT THE GOOD FIGHT! And fight strong!!!!!
escapetohome
19/9/2019
11:04
I see this is down a tiny tick, that’s disappointing. Come on MWG! Pull out all the stops. The time is now to fulfill your global dreams and ambitions.
escapetohome
19/9/2019
09:18
A glorious short.Lemmings and mushrooms only.
ken chung
18/9/2019
17:19
Yup, I’ve been following this for years and years, never taking a shot at it. It then hit lows and I put it on my more frequent ‘monitor’; list. It then rebounded , and I thought I’d missed the boat, but I didn’t get sucked in and buy. Well what do you know? It went back down again, and I thought this is the time, the time is ripe. Picked up £2,000 worth.
escapetohome
18/9/2019
15:31
Agree 100% but the bod is the most hopeless bunch you could imagine! The only positive is the chairman resigned recently and he was the biggest clown of them all.
slicethepie
18/9/2019
10:02
Shares not in public hands - 20.47%
escapetohome
18/9/2019
10:01
I’m in folks, there must be value in all these intangible assets, patents, etc. World leading tech.
escapetohome
12/9/2019
14:08
come on Kenny boy. that's just not cricket
pugg1ey
12/9/2019
07:41
Please just put it into administration.
ken chung
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