Modern Water Share Discussion Threads

[argylerich] 16/7/2020 15:49

Get your drift Paulcon1, although I think you've asked how long several pieces of string are :-)

This is where I think GB and the team have nailed it in identifying where to start with such a piece of tech. As GB has pointed out in previous answers, governments and authorities are usually slow and cumbersome and by the time they adopt you could be dead in the water (hmm Gibraltar springs to mind).

The cruise industry has a pressing need now. Right now. And is prepared to spend to get things sorted yesterday. GB et al have assembled the team to give a complete packaged answer for them.

This I think is the perfect place to start. With regard to the product going all over the globe, I wondered about this and first was thinking why aren't they pursuing it? But then it makes sense, why go into other more competitive areas when you've already got big money clients available? Once the 'easy' client has been satisfied then momentum should take us forward into new areas accordingly. By then the picture will also be clearer as to whether it's driven by legislation/consumer/insurance etc etc

For the moment (bar seeing the bank balance/results/trading statement) I love the way the team are dealing with this opportunity that's been presented. Everything in due course.

[paulcon1] 16/7/2020 15:08

Argyle....

Have been pondering for a while the logistics/feasibility of the MWG and SKIN products being a go to product across the globe.

I keep coming back to governmental or (as an example) cruise ship authority or local council legislation as the fundamental driver for mass take-up.

Without governmental legislation (as per the Chinese province including MWG in their H&S policy) backed by financial support (furlough etc) and Insurance Company guidelines, will the water testing scenario (and the need thereof) almost come down to interpretation by each company?

Maybe clumsily written but you hopefully get my drift

[flashheart] 16/7/2020 14:31

paulcon, this character questions and makes subtle accusations on many stocks (check the posting history). Best filtered and ignored from past experience.

[paulcon1] 16/7/2020 14:27

2magpies

Nothing to do with me, but find your questions and suggestions disrespectful to the company. MWG and GB have been clear (through RNS's) why there has been a delay with the results. They have provided basic financials and are well within the extension given for accounts.

Am not sure what the issue is?

IMHO

[2magpies] 16/7/2020 14:05

@gjbrandon

thank you

just concerned that results publication is being held up because people who can do accounts, at liquidated subsidiaries, have left.

it seems to suggest that management &/or Group (Head Office) Accounts Dept didn't have this sorted well before external auditors arrived.

[2magpies] 16/7/2020 13:50

@gjbrandon

can it be taken as read that management had, and have full visibility of all matters related to accounts, particularly of subsidiaries, live or liquidated?

are your management information systems capable of realtime(or as near as) monitoring of financial matters? No analogy intended!

[2magpies] 16/7/2020 13:31

yes hamida, that's all very nice, and not a secret

but where are the results?

MWG is NOT Unilever: it shouldn't take months and months.

[hamidahamida] 16/7/2020 13:24

Sign of things to come MWG MICROTOX Sensors inside Aeroplanes, inside Cruise Ships, Australian researchers track #COVID19 in #wastewater from plane and cruise ship passengers. Portable #SKIN+#MWG's #Microtox novel sensor at airport destination could identify as passengers disembark and alert before baggage is collected. tinyurl.com/yb6bp3ae via @uq_news

[2magpies] 16/7/2020 13:21

"ArgyleRich
16 Jul '20 - 10:17 - 2856 of 2858
0 1 0
Quick results feedback:

"@Argylerich just some small outstanding queries being processed and then audit committee meeting. There were 10 subsidiaries and there was a fundamental alteration with liquidations, many of those who would have normally been able to do the accounts of the subsidiaries are not (sic) longer there, so it is only a handful of items waiting on to sign off." "


"many of those who would have normally been able to do the accounts of the subsidiaries are not longer there"

so company 'history' has been lost, i.e. knowledge, in the shape of actual experienced staff, has been lost??

Also, it leaves open the possibility that job(s) may not have been done correctly.

Internal audits should have been done immediately that key staff left (and those who are 'able to do accounts' are absolutely key) -- if for nothing else than to make sure there were no 'surprise' items.

Let's hope there are no unpleasant surprises! There may be a 'handful of items', but it only takes one howler, and...........

What are the auditors quibbling about??

Delay in publishing accounts is rarely a positive harbinger, from what I have seen.

[paulcon1] 16/7/2020 11:28

GB also stated (weeks ago) that TP had stopped selling, it looks like HR have been consistently selling which ends the 'SP can't rise above 2p due to TP' conspiracy theories.

On both occasions the selling seems to be for logistical/regulationary reasons and not a negative reflection on the company.

GLA and IMHO

[paulcon1] 16/7/2020 10:15

As of today Helium rising has 13.55% of total shares equating to circa 71m shares.



The production of the FY19 results - MWG 'are awaiting some small outstanding queries to be processed and then the audit committee meeting' (GB on LSE today)

DYOR

[argylerich] 16/7/2020 09:17

Quick results feedback:

"@Argylerich just some small outstanding queries being processed and then audit committee meeting. There were 10 subsidiaries and there was a fundamental alteration with liquidations, many of those who would have normally been able to do the accounts of the subsidiaries are not longer there, so it is only a handful of items waiting on to sign off."

[argylerich] 16/7/2020 08:50

I've chased about the results situation on LSE. If there were still issues with an on site visit by auditors they shouldn't of needed to wait until the final day before informing the market so they must be close to publishing now.
At least we should have a trading update with a healthy bank balance communicated?
Even with all the pressure of bringing this product to fruition, you can't afford to go slack on the publications, it's too 'AIM' ;-)

[monkey puzzle] 16/7/2020 08:46

Helium hold @£1.4m in shares here.

[monkey puzzle] 16/7/2020 08:36

2magpies,

They stated previously that there portfolio rules mean they cannot hold more than XX% of any single stock in their portfolio. So it's not that they negative about MWG but rather they are in effect "forced sellers" once the value of MWG hits their portfolio % limit.

[argylerich] 16/7/2020 08:34

That's it MP thanks, saved me checking back through all the RNS's.

They'll be continuing to top slice at every level.

[2350220] 16/7/2020 08:31

Exactly Monkey Puzzle.
Fund managers have much stricter rules for their portfolios than us PIs.
So AFAIK this is nothing sinister, just good housekeeping.
From my own perspective, I don't want to get rid of any Integumen or MWG with all the potential news coming up.
From what Gerard B has said, that news should land in 3 - 4 weeks time.
And IF it's as positive as he's hinting, I would have thought that it will be transformational.
And again, IF it is, I would hope/expect orders to follow on from that.
This is just my musing, I could be way off base here.
John

[2magpies] 16/7/2020 08:26

Well, if that's the case then there is going to be a 'brake' on any rise.

'having' to sell, rather than 'choosing' to sell: there is a difference.

whatever happened to 'let your winners run'??

you cut your losers, don't you?

anyhow: where are the results??

[monkey puzzle] 16/7/2020 08:17

Didn't Helium sell down before when they said they had to reduce because MWG holding was too big for their portfolio?

[2magpies] 16/7/2020 07:43

The Co still not able to tell when the results will be announced!

Not a good sign, imo.

Helium appear to have been selling into the recent rise.

GB needs to release the results pdq

[argylerich] 16/7/2020 06:28

Yup but 15.91 to 13.55% is approx 13m didn't notice them unload the other chunk, when was that?

[gbenson1] 16/7/2020 06:15

Helium have sold 29m recently, and here was me thinking it was the TP warrants.

[argylerich] 16/7/2020 06:11

Helium top-sliced, unsurprisingly really.