Modern Water Share Discussion Threads

[top tips] 08/5/2017 19:34

In 2014 MWG were selected for design, build and running of a new waste water treatment plant in Gibralter, serving 60,000 people. Implementation was delayed by government indicision:

www.uk.advfn.com/stock-market/london/modern-water-MWG/share-news/Modern-Water-PLC-Modern-Water-JV-appointed-as-pref/63927564

In March 2017 MWG stated, "We remain the preferred bidder for a wastewater project in Gibraltar. Modern Water has completed its current obligations and continues to assist in the project's advancement".

The EU court ruling last week and the new Gibralter Government's response now indicate it will go ahead. "This took a great deal of time to resolve. At present discussions on the funding model for the plant are in an advanced stage and the government will be making a full announcement soon."

www.gibraltar.gov.gi/new/sites/default/files/press/2017/Press%20Releases/277-2017.pdf

Its worth £millions to MWG and will initially run for 20 years, so underpinning revenues for the company for many years to come and further showcasing MWG to the world. Its transformational. 150p to 200p.

[john2017] 08/5/2017 19:24

Please explain the significance of this judgement in terms of this company and the share price

[top tips] 08/5/2017 19:12

I see 150p to 200p on the favourable court Gibralter judgement last week for the new water treatment plant on which the MWG/Northumbrian joint venture have already been named preferred bidder. Worth £millions to MWG and will initially run for 20 years so underpinning revenues for many years to come and further showcase MWG to the world.

Its clear from the European Court ruling the Government by "not putting in place secondary treatment for the urban waste water in the Ballycastle agglomeration and by not subjecting the urban waste water in the Gibraltar agglomeration to any treatment, the United Kingdom of Great Britain and Northern Ireland has failed to fulfil its obligations under Article 4 of, and Section B of Annex I to, Directive 91/271". The government has even had to pay the court costs. Further announcement regarding progression to be made soon - confirmed in the press release below.

Details now uploaded onto MWG's website, so its official:

www.modernwater.com/media-events/press-releases/list/

www.gibraltar.gov.gi/new/sites/default/files/press/2017/Press%20Releases/277-2017.pdf

PRESS RELEASE
No: 277/2017
Date: 4th May 2017
Government Notes the EU Court of Justice Judgment

HM Government of Gibraltar notes the judgment of the Court of Justice of the European Union on the treatment of sewage in Gibraltar. The judgment concerns not only Gibraltar but also other urban agglomerations of the United Kingdom.

The lack of sewage treatment has long been an issue, and it was not until the present Government was elected that serious steps were taken to resolve this. A tender was issued and a preferred bidder identified. This followed a great deal of work in ensuring that the technology was suitable.

The fact that Gibraltar’s sewage is carried in salt water, and that in periods of rain this is greatly diluted meant that the system used had to work for a wider range of conditions than is the norm.

This took a great deal of time to resolve. At present discussions on the funding model for the plant are in an advanced stage and the government will be making a full announcement soon.

Gibraltar needs to treat its sewage not only because it is a requirement under EU law, but because a country that wants to take its place in the global community and be treated internationally with respect cannot in the 21st Century be seen to discharge untreated sewage into the marine environment.

www.curia.europa.eu/juris/document/document.jsf?text=&docid=190336&pageIndex=0&doclang=en&mode=req&dir=&occ=first&part=1&cid=143360

[norbert colon] 08/5/2017 12:57

https://www.yourgibraltartv.com/politics/14645-may-08-gsd-says-lack-of-sewage-treatment-plant-is-shameful

[top tips] 08/5/2017 11:08

Good find. Its all coming together nicely.

[hastings] 08/5/2017 10:01

Looking pretty strong here again, had to sell a few but happy to run with the rest.Another win wouldn't do any harm.

[bamboo2] 08/5/2017 09:28

p1nk, hope you are still holding on. Looking very very positive.

[hottingup] 08/5/2017 08:37

MWG's £22m Gibraltar waste water treatment plant looks to be going ahead, according to a Gibralter Government source quoted on Friday in the Gibralter Chronicle. Could see the shares back above £1 pretty quick.

“This took a great deal of time to resolve,” the government added.
“At present discussions on the funding model for the plant are in an advanced stage and the government will be making a full announcement soon.” (5/5/2017)

www.chronicle.gi/2017/05/govt-acknowledges-urgent-need-for-sewage-action/

[madmonkflin] 08/5/2017 08:06

Gib govt says theyre hurrying up on the financing so let's see if they can do it any quicker than a couple of years

[bamboo2] 07/5/2017 09:12

whites, the problem here is that you are spamming this same post across many different bulletin boards.

For anyone who has been using advfn for a while, this immediately raises suspicion of your motives.

I for one will put you back on filter, and would prefer that discussion of your investment idea is kept to the appropriate place.

[spooky] 07/5/2017 09:06

whites123, any thoughts on why their interest charge is so high?

[whites123] 07/5/2017 07:08

I have done exceedingly well with MWG in little over a month.
I still hold original cash value (A bit more) but have effectively banked 170% profit.
I shared my views on MWG on a couple of other forums and was shouted at as "Pump and Dumper" but really? When writers print stuff for newsheets they are called Tips.

I therefore would like to share what I believe is a GEM of a stock.

ASH : Ashley House

Ashley House is in my opinion very much overlooked. Its a gem which has Directors fully aligned with shareholders in that they hold £ MILLIONS at a much higher price than todays share price

WHI suggested 15p as fairer value, this was before the increase in ownership of F1 Modular.

Courtesy of;
www.constructionnews.co.uk

Revealed: 26 contractors chosen for two housing frameworks worth over £1bn


Twenty-six firms have bagged a spot on two major frameworks for Hyde Housing totalling over £1bn, Construction News can reveal.

Contractors including Bouygues, Galliford Try and Laing O’Rourke have won places on the housing association’s £1bn main contractor framework.

Laing O’Rourke is also one of the four contractors to have bagged a spot on Hyde Housing’s £100m Modern Methods of Construction framework.

The MMC framework has no lots and will last for four years. It includes offsite manufacturing services across Kent, the south coast and London.

Laing O’Rourke was selected for the MMC framework alongside F1 Modular, Mar City Homes and Mear New Homes.

The £1bn main contractor framework has been split into eight lots also covering Kent, the south coast and London and will last for four years.

Kent has two lots: up to £5m; and over £5m. The South Coast has three lots: up to £5m; above £4m and up to £10m; and above £10m. London has two lots: up to £15m; and above £15m. The last lot is for all regions above £25m.

Contractors including Bouygues, Galliford Try, Osborne and Willmott Dixon have won places across multiple lots on the £1bn framework, with other firms including Ardmore Construction and Wates also winning work on individual lots.

Speaking when the frameworks launched last September, Hyde Group business development director David Gannicott said the frameworks would help Hyde “build new homes that people are proud to live in”.

He added: “At the same time, they also reflect Hyde’s ongoing commitment to exploring the use of modern methods of construction in future housing stocks.

“They provide a great opportunity for us to forge closer working relationships with local authorities and other housing associations, who can come on board and take advantage of these new framework agreements.”

The frameworks can be used by social housing providers in the UK, which includes housing associations and local authorities.

[p1nkfish] 07/5/2017 00:19

Sooner than I expected, but welcome.

[bamboo2] 05/5/2017 15:45

Lol

As a rough guide, the Measured move up [from the recent consolidation zone] target price could exceed 25.

[ayl30] 05/5/2017 15:41

Thought that had started today?

[argylerich] 05/5/2017 15:36

Are we due another visit by the pump and dump brigade on Monday?

[norbert colon] 05/5/2017 12:06

hxxp://bit.ly/2q6uQwDNews re: STP contract delays

[argylerich] 03/5/2017 12:43

I hope it's producing more than a bucket load! ;-)

[gbenson1] 03/5/2017 10:32

Think its lack of RNS and the delay on the Gibraltar project.

[luisfrg] 03/5/2017 10:29

Why the fall

[norbert colon] 02/5/2017 11:06

Total shambles that this project has not yet commenced. With ongoing Brexit debacle it could be delayed for another 2 yrs plus as intimated in most recent results. Environmentally it's a disgrace.

[gbenson1] 28/4/2017 10:36

Waiting for around 14.40 to get some more.