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 Shares Traded Last Trade
  -0.825 -21.43% 3.025 21,185,653 16:28:49
Bid Price Offer Price High Price Low Price Open Price
2.95 3.10 3.90 2.85 3.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 2.94 -1.65 -1.78 15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:50 O 538,000 3.13 GBX

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Date Time Title Posts
26/9/202023:06Modern Water - Leading Technologies and Global Markets3,962
25/9/202007:51Modern Water - World Leading Water Technologies73
19/3/202010:50Modern Water2,800
27/9/201704:30take what you can get2
15/9/201215:34Hello riddler!-

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Modern Water Daily Update: Modern Water Plc is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker MWG. The last closing price for Modern Water was 3.85p.
Modern Water Plc has a 4 week average price of 2.80p and a 12 week average price of 1.73p.
The 1 year high share price is 5.90p while the 1 year low share price is currently 0.40p.
There are currently 502,693,214 shares in issue and the average daily traded volume is 19,279,089 shares. The market capitalisation of Modern Water Plc is £15,206,469.72.
eeza: From the SKIN bb. - (Look away DaveMac) The Shuffle Man25 Sep '20 - 22:12 - 13119 of 13121 From GB posted on the LSE BB Two Years to Get Here - PerspectiveToday 22:02 Evening All. As a large shareholder, I have seen the share price drop, and read the frustration in the comments. But a little perspective is needed. Look what has been achieved in the last 2 years. I am not just talking about the share price, which has been a reflection of the turnaround, but the application of technology that has existed for over 12 years in Labskin. 5 years work in Rinocloud and 30+ years in Modern Water monitoring division. We didn't set out to develop a COVID19 solution, we set out to transfer a successful project, developed over 4 years, supported by the Irish Environmental Protection Agency which was a 4 second E. Coli detection in water, and I install it into an base of Microtox equipment in 63 countries around the world. Even as lockdown came in March, we were fixated on and our expertise in bacteria production. It was May when we seen this as much a necessity as an opportunity. We made an offer to acquire MWG and disclosed it one month ago. It is expected to close early November. 10+ partner, collaboration, cooperation, sub-contract consortium with Top 20 skincare, pharma, woundcare companies, footprint on 3 continents, and Microtox wastewater equipment being retrofitted with SARS-CoV-2 detection technology. That is going to market in Q1 2021,with interest across the globe. That is in the video if you watch it again. The virus can be detected on the same silicon chips for breath as it can in water. So Aptamers and Affimers have a high sensitivity that we use on the chip. If the virus is captured the alteration in the surface of the chip is detected from our experiments 100%. Now there are hurdles, but not many, and this will be launched in 2021, initially for SARS-CoV-2, but again in the video if the Affimers and Aptamers are raised for other pathogens, it will detect other pathogens (bacteria/viruses). Back to perspective. If you are a long term holder you bought because you did your research and you have conviction and you didn't sell. You didn't lose a cent. Unless you sell now it is ugly to look at but it is a number on your screen today. That will change. If you are a trader and hoped to multi-bag overnight, without doing research, I can't help, as I have a passionate team, who are obsessed and work tirelessly to make a difference that counts and will help everyone. I didn't give you a shiny polished video at the AGM, not because we couldn't have done, but we would prefer to spend the £30,000 on important things for the laboratory. Instead you got 48 hours of man hours, taking the focus of their job, to tell you of their pride in our Company's success. Sorry that was long, but it was written with passion and pride in the team. So chillax we are making a difference and it is being noticed. Last thing is I can't answer over 1000 comments, but I do read, even the angry ones
tickboo: It is irrelevant as there will be the same number of total shares regardless of the 'price'. The dilution is still the same which is the important bit but yes in theory the SKIN share price increases so does the offer 'price'. I find it meaningless as I will hold the same number of shares in the new entity and I hold both SKIN and MWG.
eeza: From the horse's mouth. SKIN gjbrandon22 Sep '20 - 11:49 - 12285 of 12285 0 0 0 To clear the confusion. MWG forms a core element to the SKIN strategy going forward. The share price on any day is not the way the deal was constructed. It was a negotiation over 3 months, resulting in a 1 for 1 share at the time (consolidation followed) and share price was considered on a 90 day VWAP (Volume Weighted Average Price) over that period. The reason the shares were not suspended was because it was a share for share. It just so happened that on the publication of the 2.7 Announcement, the share prices was what it was. Note: "It just so happened that on the publication of the 2.7 Announcement, the share prices was what it was."
tickboo: IMO and being a MWG holder the value whether 3p or 4p when they deal goes through is inconsequential. The new group will have massive potential and much more than a stand-alone MWG. I would think come end of Oct the share price will be nearer to 100p than 50p. Real-time monitoring will be transformational and we'll beyond Covid.
katsy: MWG Sp should be pegged to skin share price as it's one SKIN share for every MWG share.
tickboo: Stitched up?! They really were looking glum when the share price was sub 0.5p and although 4.05p doesn't seem amazing given where the share price has been the synergies are superb and it genuinely wouldn't surprise me if the new SKIN shares are 10p come YE. Real-time monitoring and other revenue streams will be massive. A great deal for both PLCs. A busy couple of months ahead and both now fully funded with warrants and a £3m loan facility. MWG may well have needed to raise to continue growth. Onwards and upwards.
paulcon1: The MWG share price would not be out of place x2 where it is today (6-7p) based on technology alone (and a smidgeon of potential). Looks to me like 'ordinary daily trading' atm .... Must say MWG are 'pants' at marketing their company.. GLA
kaka47: CEO is talking about doing community screening and moving the economy. Real time covid19 detection prototype will be out within six weeks. This will be a HUGE RNS, can imagine this mega news will be all over the world media on the day. Can also imagine #SKIN and #MWG share price jumping up 300/400% on the day and giving them Mcap well over 200 million each.
gjbrandon: MP and TTHaving worked with TPI since March 2019 I have found them to be nothing but 100% supportive to Integumen and Modern Water. They introduced me to Modern Water before Christmas and when I expressed an interest in MW's distribution channel, were instrumental in helping manage a very needed funding round, for which they took their fees in warrants. Meaning that they end up having to pay for the shares (at 0.5p) for the privilege of getting paid for helping to begin the turnaround.The share price has recovered and like everyone who participated in the placing, and investors who bought when the share price dropped below the placing price in March 2020, they paid for and exercised warrants of 22.5m and were entitled to dispose, pay their CGT and bank their profits, like every other investor. I have been informed that they have sold sufficient amount to leave them with enough below the 3% threshold and believing them to remain supportive I have no reason to expect otherwise that they hold and remain a long term supportive shareholder. Like every shareholder, they have a right to sell should they wish to do so, but it is disingenuous speculate that they would do so in small lots. They are the company broker with a responsibility to maintain an orderly market and be supportive in the company's growth. I am grateful to all supportive shareholders, which is why I maintain an open communication with ALL shareholders, so long as you respect that I must do so within AIM and EU MAR Rules.
george23666: So they could cash in after 8th June and share price be pushed down? Also current share price is diluted? What exactly did MWG want to do with 110k? Will this be disclosed? Why is there a cashflow issue? Sorry, but it would be nice to get a statement from the board about the reasons behind this at some point.
Modern Water share price data is direct from the London Stock Exchange
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