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  • Re: Board by Carefully Does It
    Sat, 21 Mar 2015 00:15:00 GMT

    shouldcread - The results are NO nonsense...
    My mistake. By Carefully Does It
  • Board by Carefully Does It
    Sat, 21 Mar 2015 00:13:00 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
    Sat, 21 Mar 2015 00:10:00 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
    Sat, 21 Mar 2015 00:00:00 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 19:18:00 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 18:15:00 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 17:53:00 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 17:29:00 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
  • Numis by Carefully Does It
    Fri, 20 Mar 2015 17:26:00 GMT

    Around January 2013 Numis were spoutung a "tentative" revenue forecast of £9.2Mn for 2014 !! Not a 1/3rd of that was achieved in this real world.

    They also "believed" Modern's management would be disappointed if it can't SIGNIFICANTLY OUTPERFORM the forececasts.

    No wonder the Exec Chairman all but fell on his sword. Not only that but it looks like his departure cost the company in the accounts but not clear how much he managed to walk away with.

    This company has had a partial enema with the Chairman gone, I hope they finish the job & get the rest of the you know what out.

    As for the Spanish website, they have a Chinese one too, makes no difference.

    They ARE NOT SELLING. IPO and Henderson should be guiding them and be on the case of the management to get this moving.

    Some of the sales may be tax loss and end of tax year tidying. If not then this is heading towards 10p or below. Look at the sales multiple.
    By Carefully Does It
  • Re: Website !!! by Carefully Does It
    Fri, 20 Mar 2015 16:04:00 GMT

    but not near south america.
    what is the hidden message? By Carefully Does It
  • Re: Website !!! by f1nants
    Fri, 20 Mar 2015 15:11:00 GMT

    'The rns of the 6/10/2014 stated that Modern Water had been nominated the preferred bidder for a £22m plant in Gibraltar.'

    "and launched our Spanish language website to tap into the demand for our products in South America."

    Is there not a hidden message here. Gibralter being on the southern tip of Spain?!?! By f1nants
  • Re: So tell me ... by Carefully Does It
    Wed, 18 Mar 2015 22:05:00 GMT

    Still can't get my head around Aquapak having such a poor google search ranking.
    By Carefully Does It
  • So tell me ... by sage in the hills
    Wed, 18 Mar 2015 17:34:00 GMT

    .... what exactly is the psychological profile of the typical investor who will take up or go for the cash call ? if there is one ....

    even if there was, i dont know what they would do with the money except spend on salaries, pension contributions, office photocopier, bottled water machine for the summer, printer cartridges, new coffee percolator, some spend on SEO, new table mats and cutlery for the Board Room come on guys, help me out here, i'm struggling ....

    SAGE By sage in the hills
  • When will Dirs Buy? by Carefully Does It
    Wed, 18 Mar 2015 07:34:00 GMT

    CEO should show some leadership and then come down on the others.

    Want to head a business unit?

    Then cough-up and show some confidence and leadership else move over.
    By Carefully Does It
  • Re: Cash call coming by Carefully Does It
    Tue, 17 Mar 2015 22:32:00 GMT

    £12.6m of the losses were goodwill and intangibles impairment. They should have over 1 yr of cash.

    I would hope they have some Aquapak demand but am very concerned that they may not know what they are doing.

    The product promotion looks weak and the management fat and happy. Literally looking at the picture on the Aquapak page for membranes. By Carefully Does It
  • 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.
  • impressive recent news by riddler
    Wed, 10 Sep 2014 14:18:59 GMT

    11-Aug-14 09:42 RNS-R Modern Water launches new monitor - Replacement Company Announcement - General 11-Aug-14 07:00 RNS-R Modern Water launces new hydrocarbon monitor Company Announcement - General 29-Jul-14 09:50 RNS-R Modern Water targets Latin American market Company Announcement - General 12-Jun-14 15:00 RNS-R Modern Water expands EnviroGard algal toxin range Company Announcement - General 06-May-14 11:25 RNS Director/PDMR Shareholding Directors' Dealings 06-May-14 07:01 RNS-R Modern Water and Luminultra launch new ATP kits Company Announcement - General 23-Apr-14 10:57 RNS Results of AGM Results and Trading Reports 22-Apr-14 11:33 RNS Director/PDMR Shareholding Directors' Dealings 26-Mar-14 07:00 RNS-R Severn Trent trials Modern Water technology