Order from Tekniska Verken

By Chan
Tue, 23 Apr 2013 12:27:38 GMT

Modern Water plc (MWG), the owner of leading water technologies for the production of fresh water and monitoring of water quality, has continued to grow its global presence with first sales of its trace metal analysers in Scandinavia. The order for Modern Water’s OVA on-line monitoring product has been received from Tekniska Verken Power Plant in Linkoping in Sweden, a company that will use the equipment for real-time monitoring of zinc, cadmium and lead. Tekniska Verken Power Plant, which uses fuel classified as waste, will be monitoring metal levels in its flue gas condensate. The OVA has been set up to monitor both during the treatment of the condensate and before the treated effluent is released into a local river. The OVA will generate savings by reducing external laboratory costs, as well as making the treatment process more efficient, and by reducing the volumes of water requiring off-site treatment. Modern Water’s Chief Executive, Simon Humphrey, commented: “We are excited to have sold our first trace metal monitoring equipment in Scandinavia and look forward to pursuing further opportunities for many other waste to energy power plants around the world.” ___Ends

....

By riddler
Wed, 13 Mar 2013 07:14:24 GMT

will await the next big news on another osmosis water plant first, but decent reuskts § World's first commercial forward osmosis plant completed in Oman followed by 12-month Operation and Maintenance contract § Framework agreement signed with key operator in Chinese water industry to identify and develop opportunities in China, including desalination plants § Agreement signed with Kuwaiti conglomerate to promote forward osmosis technology for make-up water in evaporative cooling systems § High-profile applications of Modern Water technology, including London Olympics and BP Deepwater Horizon oil spill clean up § Two new state-of-the-art facilities opened in the UK and US Financial § Total revenue increased to £3.8m in 2012 from £1.2m in 2011, including £3.4m from the Monitoring division § Gross profit margin of 38% (2011: 37%) § Strong financial position with no debt and cash of £5.7m § Cash position further strengthened after the year-end with successful placing of new shares raising £10m (before expenses

mwg

By jange
Tue, 12 Feb 2013 19:30:14 GMT

"The funds raised will enable us to increase the level and reach of market activities and invest in our growth strategy in key markets, with a particular focus on activities in China. We intend to invest in further improvements in membrane efficiency for the Membrane Processes Division and to expand the Monitoring Division through acquisitions." The placing price was at a 17.7% discount to the closing middle market price of 60.75 pence per share on February 11th. The placing shares will represent 25.2% of the enlarged issued share capital.

mwg

By jange
Tue, 12 Feb 2013 19:29:54 GMT

Modern Water, a water purifying and monitoring technology company, has placed 20m new ordinary shares with both new and existing shares at 50p each. The placing has raised 9.5m after expenses, which will be use to pursue opportunities identified by its membrane division to commercialise its Forward Osmosis technology, particularly across China and the Middle East, and to also grow Modern Water's monitoring business by licensing and acquiring innovative, proven products to leverage its international distribution network. Neil McDougall, Executive Chairman of Modern Water said: "We are delighted by the strong support, demonstrated by both existing and new shareholders, for the fundraising announced today which was oversubscribed. This is a great vote of confidence in Modern Water.

placing

By riddler
Tue, 12 Feb 2013 07:18:17 GMT

i thought cash had been running low, as they did have £20mln in 2011 and think last results showed c £5mln ish Modern Water plc (LSE: MWG) announces today that it has raised, subject to certain conditions, £10.0 million (approximately £9.5 million net of expenses) by way of a placing of 20,000,000 new Ordinary Shares (the "Placing Shares") with both new and existing institutional shareholders at a price of 50 pence per Ordinary Share

Wow

By Goyathlay
Mon, 04 Feb 2013 11:06:32 GMT

Up 5.73% .on higher than average volumesthis is what passes for excitement around here. Do we have a leak? ;) Goy

current price

By Warlock
Sat, 22 Dec 2012 17:56:16 GMT

Is this still a good buy at this price (56p) for a first time purchase?

No news aint bad news

By FirmFavourite
Thu, 13 Dec 2012 00:51:24 GMT

This is a great company IMO and has slipped down in the past not due to bad performance but due to lack of newsflow. Great shame as it has strong management and a solid plan with a strong USP - roll on 2013 for MWG!

riddler

By petertee
Wed, 05 Dec 2012 09:44:51 GMT

well done mate - not a bad return

mwg

By jange
Tue, 04 Dec 2012 23:19:12 GMT

Modern Water, a water purifying and monitoring technology company, has signed a 'Framework Agreement' with Hangzhou Development Center of Water Treatment Technology (Hangzhou Water) for China, sending the shares up in early morning trade. Details of the deal were sketchy but the partnership allows both organisations to jointly identify and develop projects in China, including seawater desalination plants and other water-related opportunities. The significance of this move lies in the fact that state-owned Hangzhou Water is a key player in the water industry in China, specialising in membrane systems that have different industrial uses such as seawater desalination, industrial pure water preparation and water reuse. It has won or been involved in approximately 60% of China's current or planned desalination projects. According to figures cited by Modern Water, this industry sector in China is estimated to see investment of up to $3.2bn over the next four years. Last year Modern Water appointed a non-executive chairman to drive business development in the region. This appointment was supported by the growth of Modern Water's Monitoring Technologies division in China which last year contributed sales of more than £0.5m to the group. The positive news follows an announcement on September 5th that Modern Water had commissioned its first commercial desalination plant in Oman.

happy

By riddler
Tue, 04 Dec 2012 20:47:28 GMT

got my 20% so will profit take on next fatigue signal

Afternoon trading

By Aittch
Tue, 04 Dec 2012 12:31:28 GMT

A very good morning's trading with the usual pre-lunch sell off. I'm hoping for the SP to touch 60p this afternoon, if the big boys had a good talk over lunch. DYOR and GLA

MWG - no need for ramping LOL

By petertee
Tue, 04 Dec 2012 11:40:22 GMT

dummy sell-buy = 53.65 - 54.33