Previous Close: 50.00p* (real time prices at ADVFN) Previous Range:49.00 - 55.40* Previous Volume:27352 shares (down on average)* Trading:above the 50 day M.A. (37.1866) & above the 200 day M.A. (43.6231)*
By Carefully Does It Wed, 22 May 2013 12:32:00 GMT
MWG is a great story and there will be demand but the value of the company is framed by the recent placing. No reason why it shouldn't be << 50p unless something changes on business level front. By Carefully Does It
I do believe that there has been a great deal of sales effort, and increasingly so, over the last 12 months. These deals do take some years to come to fruition - I reasonably expect a few more "wins" in Q3 and Q4 this year. Individually they may not be "the big one" but collectively they will make the company profitable and lead others to the technology. So for me this will be within 5% of current SP for some months, but think we could see 68p+ by year-end backed by a very sound, albeit still fledgling, company. By Brookie Boy
It is perhaps worthy of comment that the price is still around 57/58p. As a holder I naturally want the price to rise, but I recognise that markets are fickle and it may fall! What detrmines the price now will more likely be "the market" and any news. A contract for a desalination plant might be a real stimulus, but the longer the wait the more likely there will be a drift downwards. Today's news is hardly earth shattering, but nice to know! By oldernowiser
Drawing conclusion about facts without context are of limited value - the world is round, so we wiil all fall off. So that others are clear of the context, the discount level was normal, and the easy cash raising and new shareholders is a good sign. So it would helpful to others if you stopped repeating limited facts. By Brookie Boy
You forgot to mention that the placed shares are trading a PREMIUM. Director buys (via the placing) totalled £230k only 4 weeks ago. So based on your analysis, when do you predict the share price will hit 50p?
NB attempts to deramp, even with a small company like MWG, tend to be seen a mile off. By Brookie Boy
Steady stream of selling pressure continuing . i am confident i will get my entry point if this selling pressure continues and with 20m new shares at a 17.7% DISCOUNT i am confident the selling pressure will be here for a while By redcrime
A discount for a placing or rights issue is normal, and I believe an average is around 15-20%.
So to me this seems perfectly normal and breeds confidence based on the improved cash position and the quality of the extra investors on the share register.
Do you have any more info to help us assess this company?
And good luck waiting for 50p - IMV 100p+ is more likely, hence the buy opinion
By Brookie Boy
loss only 1.5 times revenue . no wonder they needed more capital and offered a 17.7percent discount !
still defying gravity . i will buy in when sub 50p By redcrime
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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
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
§ 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
"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.
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.
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
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!
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.