Modern Water Share Discussion Threads

[onehanded] 19/10/2020 08:28

yes but the difference is when and if this merges with DVRG, the combined company will be massive.

[slicethepie] 19/10/2020 08:26

Beginning to feel like the old days in mwg ...share price falling every day!

[onehanded] 19/10/2020 08:00

Had enough and sold here, and bought DVRG as can't wait any longer lol.

[ken chung] 18/10/2020 07:19

Bubble burst. Get out fast.Going down, down, down.Lemmings and mushrooms only

[colinbicknell] 16/10/2020 12:19

Right now, buying MWG turned out to be slightly cheaper than DVRG

£2750 bought 10000 @ 26.8999 in DVRG
£2750 bought 101580 at 2.6485 in MWG

worth doing dummy trades in both

[rfcmoore66] 16/10/2020 07:38

Ok thanks, but will I lose the value in MWG??

[katsy] 15/10/2020 09:51

DVRG 28/29 bid/offer
MWG 27/30 bid/offer

Looks like MM don't want anymore trades on MWG. If you want to buy in, get DVRG instead as it's cheaper. If you want to sell wait for the takeover as you'll get more in DVRG (As of today). In other words MWG has been placed on garden leave.

[onehanded] 15/10/2020 08:37

that's the problem, it's dragging on. Should have all been done by now. I am temped to sell my last lot of MWG and add to my Deepverge. Without news till Nov something needs to happen for a share price share boost lol.

[monkey puzzle] 15/10/2020 08:28

From what I can see everyone is selling both companies? Buyers seem to have just melted away with the prolonged takeover dragging on.

[onehanded] 15/10/2020 07:59

From all of these, it is clear the best option seems to sell your MWG shares and buy deepverge.

[katsy] 15/10/2020 07:39

Err I've held shares in companies that have been taken over before and they've always been transferred over.

[gbenson1] 15/10/2020 07:21

If you don't exchange your shares you will be left with worthless pieces of paper in a company that may no long exist or at least your broker will if you have one!

[eeza] 15/10/2020 07:18

You'll have shares in an unlisted company.

[katsy] 15/10/2020 07:15

How can I continue to hold shares in Modern Water when after the takeover they will no longer exist!

[katsy] 14/10/2020 22:12

RFCMoore66 the take over will more than likely still happen even if you do nothing, the biggest shareholders are the management and they will vote for it. I doubt there's enough shareholders who will vote against it. If the vote goes through you will get 1 DVRG share for every 10 MWG shares you hold regardless if you vote or not.

[tickboo] 14/10/2020 19:02

Good to know and thanks. It will be on HSBC in a week knowing them.

[rfcmoore66] 14/10/2020 16:24

I don't understand the implications for this, what happens if I do nothing? Could someone please help and advise? Thanks in advance.

[morrie1234] 14/10/2020 15:40

For any other Smart Investor users I spoke to Barclays and they pointed me to the Corporate Actions tab within their online banking web page...MWG DV offer does not appear at the moment but should be there in the next day or so. It is not possible to accept via mobile Smart Investor only via online banking. Hope this helps

[tickboo] 14/10/2020 12:29

Pretty important for holders who want this to go through call whoever holds their shares and tell them you want your MWG transferred to DVRG.

[morrie1234] 14/10/2020 06:58

Much appreciated thank you

[shark fund] 14/10/2020 06:37

Apparently. The trend is our friend...https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=MWG.L

[bountyhunter] 14/10/2020 06:31

Your broker should contact you, if not ask the when they will be...

The First Closing Date of the Offer is 3 November 2020.

To accept the Offer in respect of Modern Water Shares held in uncertificated form (i.e. in CREST), Modern Water Shareholders should follow the procedure for Electronic Acceptance through CREST so that the Transfer to Escrow (TTE) instruction settles as soon as possible and, in any event, not later than 1.00 p.m. (London time) on 3 November 2020. If Modern Water Shareholders hold any Modern Water Shares through a CREST sponsored member, they should contact their CREST sponsor as only their CREST sponsor will be able to send the necessary TTE instruction to Euroclear.

To accept the Offer in respect of Modern Water Shares held in certificated form, Modern Water Shareholders must complete the Form of Acceptance in accordance with the instructions set out in the Offer Document and on the Form of Acceptance. The completed, signed and (where applicable) witnessed Form of Acceptance must be returned, together with relevant document(s) of title for their Modern Water Shares, to the Receiving Agent, Neville Registrars, at Neville House, Steelpark Road, Halesowen, B62 8HD by post or (if between 9.00 a.m. and 5.00 p.m. (London time) Monday to Friday (excluding public holidays in England and Wales)) by hand as soon as possible and in any event so as to be received by no later than 1.00 p.m. (London time) on 3 November 2020.