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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
  0.00 0.0% 2.10 2.00 2.20 2.10 2.10 2.10 4,152,293 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 4.2 -2.5 -2.2 - 11

Modern Water Share Discussion Threads

Showing 4201 to 4223 of 6000 messages
Chat Pages: Latest  180  179  178  177  176  175  174  173  172  171  170  169  Older
DateSubjectAuthorDiscuss
27/2/2020
08:03
I first started buying MWG shares in 2017 after hearing an article on the radio, I have about 400,000 shares at an average price of 9 pence a share. I've been worried for some time about the management, spoke to someone at length and then got shunned by them. I very much want to believe the turnaround is underway now but do not understand how - after such disastrous performance - the current executive management is continuing. Is it a case that the new non-exec chairman (to be) can make so much difference through his direction? What is Gerald Brandon's record like in other businesses? I'm at a point where I could buy more shares but need convincing! Also, have all the new shares at 0.5 pence been taken up? Or are some still available for subscription? Why would I buy at 0.7 if there are new shares available at 0.5? I don't understand this at all.
worried faith
27/2/2020
07:43
Many thanks for your further comments Gerard, for taking the time to post them, and all the best for the future of MWG.
timberwolf
27/2/2020
07:24
GB a great post, being an accountant for 50 odd years I have seen many times companies like MWG that have a great product, or tech or ideas but the wrong management team or go about it the wrong way. It is really that simple. If Facebook was started but someone else it may have died very quickly. This is the real world, we now have a management team that can get a great return from a company full of great ideas and assets IMHO
parsons4
26/2/2020
23:58
Www.EcoWaterOS.com
gjbrandon
26/2/2020
23:56
Sorry it took so long to respond as I was at an investor presentation.Tonight I also spoke with a long term holder of MWG, who was equally disappointed on the performance of the company, and of course the resultant share price.First, let me be very straight forward with you. The business model offered a solution to a problem that had not been fully defined, and one that was only part complete. They went chasing sales, without defining a robust route to market. There is a profound difference in finding a buyer, and dominating a market.When it did not work out, the Board of Directors should have provided more direction, questioned their strategy and came up with a solution to the lack of skills to achieve what should have been a successful exploitation of the technology.There is no reason, in the world, why you should trust me. You don't know me. But I asking you to watch what we (and in the we, I mean, what support, direction and network) wrap around what is, as you rightly point out, a great technology, who lost its way. Www.ecowater.com
gjbrandon
26/2/2020
16:35
Thank you for your post Gerard. Just FYI, I first invested in MWG in 2008, as an alumnus of the University of Surrey, so, around 12 years ago. During that time I saw, nothing more, than relentless cash burn, over every year, of Modern Water. I didn't understand the MWG management philosophy from the start. They appeared to move away from, what I saw as the core scientific benefit/value of forward osmosis, towards what I saw as a pointless move towards the likes of toxicity monitoring equipment. Any RNS following that change, was about some very minor company buying a monitoring meter or two, no doubt, IMHO, at a massive net loss! If you believe, as engineer's, that you can turn the company around, that's great, and I wish you every luck, especially if you're taking any fees in shares. That, indeed, says a lot to me! IMHO, it should have been a success, based on the new technology, at the start. However, quite frankly, you'll need to tell me exactly why you believe that that situation could radically change now, based on the past performance of the company. :-) Sadly, the MWG financial facts speak for themselves: 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) 2018 (£2.306m) As I say, but seriously, good luck to you and all the company in your endeavours. I really do hope that you can now make it work :-)
timberwolf
26/2/2020
16:08
Replying to Timberwolf., as soon to be, non-executive Chairman of this company. It is so easy to be annoyed at the business model failure of the past. Indeed, if you were to make your investment decision on the past, of course your suggestion of DYOR might be valid.However, as an engineer, I would consider myself agreeing with you on one thing. 100% the technology inside of this company has been perfected, and £20m has been invested to achieve the quality within the company.That said here is where perfection is the enemy of progress, and while the technology is so good, that 6 countries have written the monitoring tests into their environmental protection legislation.Where we don't agree is on where this company goes from here. As someone who likes to fix things (see Integumen) I usually put my money into the project, and I don't take any fees in cash for what I expect to contribute. Nigel Burton, the other non-executive also happens to be an engineer, and he too is taking his fees in shares.So, if you have a grievance, I understand, but more than 50% of the new money has been invested by Integumen shareholders. I don't work for charity, so shareholders, or new investors can follow your advice, or mine. My advice is Do your Own Research, and ask why two engineers, who work with experts in turning companies around, with success, would take this on?Your opinion is perfectly welcome, and I always am open to discuss the facts.Gerard
gjbrandon
26/2/2020
15:35
Exactly dave! Why would anyone with any sense, even consider this company, above that 0.5p level, when they were dumping well before the latest dilution! :-) DYOR
timberwolf
26/2/2020
15:28
Placing at 0.5p recently So they must be working some of that stock
dave4545
26/2/2020
15:26
Someone's having a laugh today too! The share price was up 6-7% at open, now it's down 6-7%! Talk about a share being manipulated! :-) It's a shame really, as the technology, largely based on research at the University of Surrey, was good, but, yet again, IMHO, the MWG management have been weak bringing it to market, at the very best! :-)
timberwolf
26/2/2020
07:14
Wtf? Cellulac are nothing more than a holding company, what services are Mwg going to provide for them?
argylerich
24/2/2020
22:13
RNS Number : 2721D of 18th Feb
norbert colon
24/2/2020
22:08
Where is the mention of Bob Morton joining? In shares; as non-exec as..?
empoggio
24/2/2020
18:06
Bob Morton.... Kiss of death
targatarga
21/2/2020
10:55
fwiw the .7899 trades are buys, the market needs to digest the new shares, nice to see Bob Morton on board (ex Armour CEO).
gbenson1
19/2/2020
08:21
GB has posted on an integuman site that MWG was basically on its way to going bust so he got together with TP and arranged a bail-out. I think the upside now on here is very exciting. I have a reasonable holding of these and Integumen as I am a GB fan !!! GLA
parsons4
29/1/2020
20:55
Good evening.
tewkesbury
27/1/2020
11:07
you gotta vomit everytime thinking about what happened here, any more riddler riddles? the pope is dumping the dope!!! 0.5p 0.4p 0.3p etc
rumobejo
25/1/2020
16:19
I think you're both right. This could indeed multibag but a bit expensive in the very short term with all these extra shares to swallow at the moment.
flashheart
25/1/2020
15:48
Unless GB's involvement multiplies the share price as he did in Integumen. That is just a matter of personal opinion, but his track record speaks for itself
mulligut
25/1/2020
15:11
I think a few others are in the same boat. We like the GB connection but why on earth would you pay 0.8-1p when there's a load of vendors who have gave the company a fortune for 0.5p stock they will offload straight away so at best 0.6p offer is fair but 0.8p is 60% higher which is crazy.
dave4545
25/1/2020
14:37
Agree 100% with you parsons. These tie ups/collaborations looking very interesting indeed especially with GB as the 'common denominator'. Looking to take a stake here as a very promising turnaround but likely to wait for the dust to settle regards the placing before I take the plunge.
flashheart
25/1/2020
08:07
The price behaved very well today, people happy to buy in at 50% more than the placing price. Gerry Brandon's involvement and the change of direction augers well for the future IMHO. Also Integumen have a water division which could tie in with the change of direction. Just my thoughts !!
parsons4
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