Share Name Share Symbol Market Type Share ISIN Share Description
Modern Water LSE:MWG London Ordinary Share GB00B1XF5X66 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 9.45p 35,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.20p 9.70p 9.45p 9.45p 9.45p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 3.52 -5.23 -5.71 9.8

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Date Time Title Posts
07/11/201816:06Modern Water - Leading Technologies and Global Markets1,326
29/10/201812:02Modern Water2,421
27/9/201703:30take what you can get2
15/9/201214:34Hello riddler!-
11/1/201009:00Modern Water1

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Modern Water Daily Update: Modern Water is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker MWG. The last closing price for Modern Water was 9.45p.
Modern Water has a 4 week average price of 8.35p and a 12 week average price of 8.35p.
The 1 year high share price is 18.38p while the 1 year low share price is currently 6.30p.
There are currently 104,219,468 shares in issue and the average daily traded volume is 74,047 shares. The market capitalisation of Modern Water is £9,848,739.73.
hottingup: Hangzhou/Sunup must be pretty confident of securing some big orders for MWG to have subscribed to new stock at a premium price of 11p and take warrants exerciseable at 13p, compared to the retail share price of 10p. The Interim results may shed more light as trading is improving and costs have bee reduced., and they also have Gibralter.
norbert colon: There is a whole catalogue of potential news to put the heat under the share price namely news of Gib Main Contract Award, contracts via Advent, a big monitoring order from the US, contracts via Sunup etc. Patience required as ever.
argylerich: Stage one ticked off and money in the bank (although £60k will be heading straight back as start up investment). I'm struggling to see what news will bring the share price back up for the subscription, but we'll see. Roll on the results and the next stage.
the big fella: The company need the share price up to where the Chinese have invested. So it is interesting that they will announce the share offer along with the results. Clearly they think there will be enough in the results to get the price to where they need it to be. Otherwise its a complete waste of time and money.
boffster: If you are happy with the company's fundamentals then the short term abberations of a share price should'nt overly concern you, unless of course you are on margin. That's what the likes of Ken don't grasp. It won't affect me one iota if the share price goes to 8p. I won't lose my house or start running around like a headless chicken. I'd most likely buy more. Scare tactics are as ineffective as they are pathetic.
madmonkflin: Should have waited until award of full contract when the share price would have jumped. They're just getting a free ride at this price.
garth: "Sunup has been granted one non-transferrable warrant per New Share, exercisable within 12 months from completion of the Subscription, at 13 pence per new ordinary share. The issue price of 11 pence for the Subscription represents a premium of 27% over the 90-day volume-weighted average and the share price of 13 pence for the warrants represents a premium of 50% over the 90-day volume-weighted average." DYOR. G.
runthejoules: Chinese joint venture and equity issue ... Modern Water plc (AIM:MWG), the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, is pleased to announce that (i) it has entered into a proposed joint venture with Chinese company Hangzhou Shangtuo Environmental Technology Co. Ltd. (trading as "Sunup") and (ii) Sunup has agreed conditionally to subscribe c.£550,000 for new ordinary shares in Modern Water plc. Proposed joint venture Sunup is an environmental technology company integrating water and wastewater solutions for industrial clients in the People's Republic of China ("China"), with its headquarters in Hangzhou and branches in Beijing, Hong Kong and Qingdao. The joint venture, which has an initial term of 20 years, is conditional upon (i) completion of the subscription by Sunup referred to below, and (ii) the joint venture company, Encyclo Water Technology (Zhejiang) Co., Ltd ("Encyclo"), being granted an extendable business licence ("Business Licence") by the PRC State Administration for Industry & Commerce. Encyclo will promote Modern Water's innovative and proprietary brine concentration technology, the AMBC, throughout China. Upon grant of the Business Licence, Encyclo will enter into a licence agreement with Modern Water whereby (i) Encyclo will exclusively utilise the AMBC technology in all projects in China requiring brine concentration, and (ii) subject to satisfactory performance by Encyclo, Encyclo will be the exclusive vehicle for AMBC projects for both Sunup and Modern Water in China. Modern Water and Sunup will have respective equity interests of 49% and 51% in Encyclo, for which they will initially subscribe approximately US$80,000 each within 3 months of the grant of the Business Licence. Encyclo will have a registered share capital of US$5m. Modern Water and Sunup will appoint to the board of directors of Encyclo two and three directors, respectively. Equity issue Modern Water is also pleased to announce that Sunup has committed to subscribe for 5,021,353 new ordinary shares ("Subscription") at 11 pence per share (total £552,348.83), conditional upon (i) confirmation of foreign investment by the local government of Hangzhou province in China, and (ii) admission of the new ordinary shares ("New Shares") to trading on AIM. Upon completion of the Subscription, Sunup will be interested in 5% of the enlarged share capital of the Company. Sunup has agreed to lock-in restrictions for 12 months following the Subscription and orderly market restrictions for a period of 12 months after that. Finally, Sunup has been granted one non-transferrable warrant per New Share, exercisable within 12 months from completion of the Subscription, at 13 pence per new ordinary share. The issue price of 11 pence for the Subscription represents a premium of 27% over the 90-day volume-weighted average and the share price of 13 pence for the warrants represents a premium of 50% over the 90-day volume-weighted average. Equity issue to existing shareholders Modern Water is finally pleased to announce that, subject to completion of the Subscription by Sunup, the Company intends to give existing shareholders the opportunity to subscribe new ordinary shares, on the basis of one share for every ten held, at the same price as Sunup. Details of the open offer will be announced as soon as practicable following completion of the Subscription by Sunup. Any questions concerning the issue of new ordinary shares should be addressed to the corporate broker, whose details are set out below. Simon Humphrey, Modern Water's CEO, said: "A partnership between Sunup and Modern Water will create value for both companies by combining Modern Water's innovative brine concentration technology with Sunup's knowledge of the market in China and its ability to execute projects effectively and to a high standard. This represents a landmark moment in the commercialisation of our brine concentration technology." Commenting on the project, Noah Tan, Sunup's CEO said: "I am delighted to be able to announce this important strategic partnership which will bring innovative technology to the Chinese market where water conservation is highly prized. We are expressing our confidence in the technology by making a sizable investment in Modern Water plc." ...Maybe my purchase at 9.95p yesterday wasn't such a numpty move after all. I wonder if the Chinese have seen the new plant working already, before we'd even heard about it?
gemlotte55: Thanks pieball.would be nice to get a positive RNs . Share price could do with it,😂
varies: The purchase of 50,000 at 10.975p just shown is mine. I may well prove to be a sucker as Bookbroker suggests but I was lucky enough to sell shares in May at an average of 27p that I had bought at 6.25p in January and have since bought these back at about 12p. I reckon that the share price is more likely to go up than down and will now await developments.
Modern Water share price data is direct from the London Stock Exchange
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