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  • Re: New Non Exec Chairman by Carefully Does It
    Sat, 11 Apr 2015 20:06:00 GMT

    It will make jack difference sage. They will only listen to the below and we must hope the big holders have lost patience. Exec Chairman was paid off and now let's hope they work through the execs.

    It is telling that none of the below have increased stake on price weakness, nor directors. Perhaps waiting for funding round?

    This company hasn't covered itself in glory and how the Exec Chairman could have avoided the inevitable until the end of last year and then tet a large pay off and return as a NED is amazing - for all the wrong reasons. Look at the cash burnt and the 'contract' hot air. All at a time when the world is waking up to water scarcity. They have an open goal to aim at even allowing for competition.

    IPO 20.00%
    Henderson Global Investors 11.41%
    University of Surrey 5.46%
    The Tudor Group 5.27%
    Ruffer LLP 5.03%
    By Carefully Does It
  • Re: New Non Exec Chairman by sage in the hills
    Sat, 11 Apr 2015 11:37:00 GMT


    Somebody tell the NEDirs, and CEO and Management of these views please ?

    SAGE By sage in the hills
  • Re: New Non Exec Chairman by Carefully Does It
    Thu, 09 Apr 2015 07:14:00 GMT

    Keep an eye on the cost of this one vs results.
    So far MWG haven't been hot on managing cash burn.

    Rather than a new NE Chairman they may need to flush top management away and get some folk in prepared to take a large equity stake and have more skin in the game. Until that happens we just have salaried folk in charge that don't line-up with PI's.
    By Carefully Does It
  • New Non Exec Chairman by Carefully Does It
    Thu, 09 Apr 2015 07:09:00 GMT

    He can't be less effective than the last one at encouraging sales - or can he?

    Let's hope the below is correct for MWG too and it also makes it clear why the last one was pushed - little revenue growth and little realisation of shareholder value (in fact the opposite).

    MWG, wil all the talk of being debt free and leading technologies in water, may just be a basket case.

    "Robert Clarke, Modern Water's Interim Non-Executive Chairman, commented: "On behalf of the directors, I am delighted to welcome Alan to the Board of Modern Water. Alan brings a successful track record of growing revenues and realising shareholder value across a range of businesses in both the listed and private sectors."" By Carefully Does It
  • What a great post ... ROCKET .. if this .. by sage in the hills
    Wed, 08 Apr 2015 09:54:00 GMT

    Wow, what an awesome post !!!

    So Ecologically relevant and of today ... !

    So 'on the ball' re innovation and commercialisation of inventions and UK technology ... !

    . oh dear, do we feel wasted here ?

    .. move on to a new site then ? .... ok, might as well ..

    SAGE By sage in the hills
  • Re: MWG sp to ROCKET ... if this gets out ..... by Carefully Does It
    Mon, 06 Apr 2015 13:31:00 GMT

    MWG are losing out to Oasys and HTI and others.
    My take is the management have been out of their depth, managed to raise cash on the back of water being the place to be and then wasted it is whilst chasing China that was never really going to deliver - because China is the place to be/mention.

    This has to be a long term hold to deliver much to shareholders as the 'fix' won't happen quickly. No medium term mentioned, only long term. By Carefully Does It
  • MWG sp to ROCKET ... if this gets out ... by sage in the hills
    Mon, 06 Apr 2015 11:29:00 GMT

    Unbeknown but discretely behind the scenes, over the past 4 years, MWG sales and marketing team have been getting up close with key players in all state departments, all key agricultural businesses, medical agencies, and of course, parks, vineyards, and golf courses.

    The severe, long-lasting drought in California has laid the foundations for bumper innovations and sales of all of Modern Water's technologies and installations.
    As one commentator is reported to have said, " a sales team never had it so good".

    A joint investment strategy between Modern Water's backers, the California State, and the businesses themselves will mean that construction of installations, and up-and-running time will be the fastest on record for any utility provision anywhere in the world.

    "Californians will be assured of their States continued contribution to US GDP" said the governor.

    if only this were true ....

    SAGE By sage in the hills
  • Re: Board by Carefully Does It
    Fri, 20 Mar 2015 23:15:00 GMT

    shouldcread - The results are NO nonsense...
    My mistake. By Carefully Does It
  • Board by Carefully Does It
    Fri, 20 Mar 2015 23:13:00 GMT

    The board looks like quality so how have they allowed this to happen?
    Impressive pedigrees and the interim non exec chairman reads as capable and level headed. The results are nonsense, to the point if somewhat excessive on stressing 'debt free' to cover up problems.

    What happened?

    By Carefully Does It
  • Re: Cash burn by Carefully Does It
    Fri, 20 Mar 2015 23:10:00 GMT

    In total over 3M on employee costs on 52 heads.
    Over 200k increase over previous year.
    Acceptable to see r&d increase but headcount cost looks too high to me.

    Revenue rises or they need a hatchet to expenses this year.

    The write offs are what they are. A mess.

    The Exec Chairman wasn't much use at Exec'ing. Makes me wonder about the CEO. Will he be next to fall on his sword? Is he up to the job of turning this around? Was he allowed to dohis job in the past or was he sheltered bybthe Exec Chairman? By Carefully Does It
  • sales by Carefully Does It
    Fri, 20 Mar 2015 23:00:00 GMT

    Caution slipped in on the big bid - not landed yet. 'Assuming this contract is successfully executed, ...'

    Monitoring fell back in all main geographies and the whole company too dependent on a few large customers.

    Very risk, insufficient diversity andblaming China is wrong.


    The old Chairman should pay back some of his salary, not receive a pay-off in my not so humble opinion. By Carefully Does It
  • Re: Cash burn by Carefully Does It
    Fri, 20 Mar 2015 18:18:00 GMT

    Chairman plus 1 other member of staff go = 190k.
    They say he resigned but payment is due to loss of office during the year.
    Reads like they paid them off but wanted it to look like resignation?
    190k to resign?
    Statement that he will be a NED? Perhaps that is what some of tbe 190k is for. A joke.

    If he was pushed perhaps there is some adult overseeing this somewhere. IPO and/or Henderson.

    By Carefully Does It
  • Re: Cash burn by sage in the hills
    Fri, 20 Mar 2015 17:15:00 GMT

    CDI !!! ....really !!!

    " If they win a decent contract " You will make more money by placing a bet at William Hill, Ladbrokes , than waiting for that ..,..

    Come on, you know they only design amateur little websites ....

    By sage in the hills
  • Cash burn by Carefully Does It
    Fri, 20 Mar 2015 16:53:00 GMT

    Head count doesn't look excessive but cash burn is relatively high.

    If they win a decent contract they may have to raise money - at this share price a funding would be highly dilutive.

    The alternative is to borrow. If they borrow a large amount of text will have to come out of the interim and finals as they can no longer keep crowing about being debt free.

    Debt free by virtue of money they raised on the back of expected results they have been unable to deliver.

    Talk about writing to accentuate the positive. I would have more respect if they put the bad news first and fessed up. I bet the share price would be higher too.
    By Carefully Does It
  • China by Carefully Does It
    Fri, 20 Mar 2015 16:29:00 GMT

    Re-read the press release from the Cameron visit to China.

    The only thing that has come to pass after the BS fanfare has been MWG buying, yes BUYING, RO from China from what I can see that then goes into Aquapak.

    Am I wrong here?

    They went to sell and ended up BUYING for re-sale RO when they are supposed to be pushing FO. Granted RO and FO can work well together but I reckon the Chinese must be laughing their socks off.

    As for Xudong Island, most people off the street could see that was pie in the ssku surely.

    What the... By Carefully Does It
  • RE: Support British? by chrishutch
    Sun, 05 Apr 2015 11:13:43 GMT

    I know where you are coming from as I have been thinking the same but hold in the hope that this one will eventually come good.
  • Support British? by JohnCh
    Thu, 26 Mar 2015 13:29:58 GMT

    MWG down another 4% , good solid British company (was) but this is trying my patience but will hold!
  • MWG loses wind in its sails by JohnCh
    Thu, 19 Mar 2015 12:08:56 GMT

    Recommended in Money Week a few weeks ago, makes good sense in the long run as water finds itself increasingly in the wrong place, this is just a little interim pharp rising to the surface
  • going to take the opp to by chrishutch
    Thu, 19 Mar 2015 08:07:00 GMT

    average down today before I miss it lol
  • Mwg by Stassen
    Tue, 17 Mar 2015 19:53:34 GMT

    Are Chinese being obstructive over contracts so that share price forced down . Ripe for cheap take over?
  • this will turn around by chrishutch
    Tue, 17 Mar 2015 18:27:36 GMT

    Just a waiting game now.
  • MWG roller coaster by JohnCh
    Wed, 11 Mar 2015 09:36:22 GMT

    Up 6% the day I invested in MWG today down 12% due to China slowdown and membrane division problems. Let's hope some of the delayed contracts from last year kick in
  • Question is q1 or q2 next year by notgreedy
    Thu, 18 Dec 2014 18:18:10 GMT

    For yet another RI? Few big brains in this co, fine products- potential , but will take few senturies for mwg to make profit. Somebody might have a punt with it and buy it for 5m which I reckon would be mcap by h2 of next year should mwg be unsuccessful with new RI. They have no borowing cose nobody would lend to nonprofitable business that has losess dwarfing to. On the bright side mwg can't be shorted( easily).
  • not good by riddler
    Thu, 18 Dec 2014 08:15:31 GMT

    he has 5-10% stake too Modern Water plc (AIM:MWG), which owns leading water and wastewater treatment technologies and supplies advanced systems and equipment for monitoring water quality, announces today that Neil McDougall, Executive Chairman, will step down from the board with effect from 31 December 2014 in order to pursue other interests. He will remain a consultant to the business during 2015
  • Now over a year.. by Jurado
    Mon, 15 Dec 2014 13:15:47 GMT

    ...since we had news of the outline contract to work with Hangzhou Water towards a desalination plant on Xugong Island. In the September half year report there was a line about contract negotiations being slow but don't think we've heard anything else. Anyone know anything?
  • still miles from breakeven? by jollyspeculator
    Thu, 13 Nov 2014 18:12:17 GMT

    gross profits tiny in comp to admin exp ...dyor, but this needs to beef up gross profits sharpish imv
  • RE: Excellent... by Victhetemp
    Mon, 06 Oct 2014 07:37:56 GMT

    Excellent indeed, new contract, potential increase in revenues and will assume an increase in profits aswell. It would be great to see this reflected in a sustained increase in the SP.
  • Excellent... by EarlyBird-Rns
    Mon, 06 Oct 2014 06:48:05 GMT

  • And even more impressive news by testpack3
    Wed, 17 Sep 2014 09:06:58 GMT

    with the rns this am. Sp 4.5% South. The Oman FO plant is owner operated, Where will they put the £1.6 admin expenses on last years a/c this year? No mention at all of new projects in China. However the CEO is pleased with progress. Good, would not want him disappointed.
  • more impressive news by testpack3
    Tue, 16 Sep 2014 16:03:28 GMT

    Taken from FYR13 Revenue Membrane (FO) Oman £36K Cost of sales £8K Admin Xpenses £1.629M, loss £1.601M The Monotoring div had income of £3,49M, and gave a loss of £137K RNS releases since have highlighted the proposed fresh water FO plant near Shanghai. I wrote to the co 2 months ago asking if they had any idea of income streams for this project. To date, no reply, no acknowledgement. The Oman FO plant is generating lots of income for employees, but with little income for the co. They could all be on a very good jolly with the ipo money. realise there are different size fresh water plants, but the co must know what sort of income stream any plant will produce, especially when it's operate and maintain. Co will not make money selling monotoring devices ( serious money), and I was rather hoping the FO O&M plants would be £Mmulti operations. If the co is not prepared to tell us, why invest. All in MHO of course.