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Michael Masterman talks on WRES potential & Tungsten market


Modern Water Share Chat (MWG)



Share Price: 6.50Bid: 6.25Ask: 6.75Change: 0.00 (0.00%)No Movement on Modern Water
Spread: 0.50Spread as %: 8.00%Open: 6.50High: 6.50Low: 6.50Yesterday’s Close: 6.50


Share Discussion for Modern Water


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cadburyhill
Posts: 239
Observation
Opinion:Strong Buy
Price:6.50
Gib....
Mon 12:19
There was a very positive article on Gibraltar post Brexit in the FT a few days back...Gib remains the dog that has not barked at Modern Water...A £22mn contract which could, in theory, be signed at any time and which is certainly no longer in the price after years of political procrastination. What we do know is that salt-water is corroding pipes and untreated effluent is no longer acceptable in the waters around Gib; at some point, the government has got to upgrade. A Brexit-related economic down-turn no longer appears to be an excuse.

"The Gibraltar government warned in the run-up to the referendum that Brexit posed an “existential threat” to the economy. Nine months on, that threat has yet to materialise. Investment continues to pour in, construction is booming, luxurious homes are changing hands for millions of pounds and economic growth is forecast to reach 7.5 per cent this year, in line with long-term forecasts. “We have lifted our spirits,” says Fabian Picardo, Gibraltar’s chief minister. “We have started to look beyond Brexit.” Mr Picardo and his fellow government ministers have had to rethink their initial damage assessment. Gibraltar’s corporations have been more forthcoming with details of their business, showing themselves to be less reliant on the EU than local leaders thought. A pro-Remain supporter. Gibraltar backed EU membership by 19,322 votes to 823 in the Brexit referendum © Getty “It turns out that 90 per cent of the business we do with the single market is actually done with the UK itself,” says Mr Picardo. More often than not, it was the common language and a shared legal system that mattered to local businesses, not the proximity and size of the broader EU market....."
 
cadburyhill
Posts: 239
Observation
Opinion:Strong Buy
Price:6.75
RE: Important. no cap raise.
21 Mar '17
you forget the reference to a new trade finance facility in the year-end results...these guys have got more flex on day-to-day financing than they ever had (and the trade finance deal means a finance house is happy to take the credit risk, which is an additional +ve indicator for us)...
There's no cap raise here, not down at these price levels and with this degree of cost control.
However, I can imagine a cap raise in 18months time when there's a bullish narrative to tell about need to fund growth opportunities in membrane...As you say, things are improving...just got to keep up the momentum...We deserve to be up around 10p pretty soon...Let's see if an institution starts to dip its toe after meeting management during post-results roadshow.
TruroTrader
Posts: 376
Off Topic
Opinion:No Opinion
Price:6.875
RE: Important. no cap raise.
17 Mar '17
I'm not to sure about a cap raise. As the monitoring division increases sales so will it need to purchase stock and pay for the various processing procedures so even when it goes into pure profit it may not be cash generative for a year or so.

All three of the other arms, Aquapack, Advent and bilfinger-babcock will need to spend cash when they receive orders before they raise invoices.

However we are definitely improving.
You_Having_a_Laugh
Posts: 122
Off Topic
Opinion:No Opinion
Price:6.875
RE: Important. no cap raise.
15 Mar '17
Agreed and expect new products and news.

Anyone looking to join will probably wait rather than buy immediately so a period of quiet (as we have had) should be no surprise.

Expect Director buys and as that have mentioned new products and orders the news can land soon after without problems.

15p, my target is 10p-12p to start.
cadburyhill
Posts: 239
Question
Opinion:Strong Buy
Price:6.875
Important. no cap raise.
15 Mar '17
So, no cap raise needed, the monitoring division already ebitda +ve, and the membrane division with significant order momentum...

The CEO and new management team have done a great job on cost control and repositioning. And Gibraltar, worth £22mn to MW, remains a free option (in fact, if Gib doesn't go ahead, MW gets hundreds of thousands of £ of bidding costs back).
I don't know what this business is worth, but it's a damn-sight more than 7p a share now the dilution risk from a cap raise is firmly off the table....This is now a well-managed, technology-led business in the strategically important area of water security and it's here to stay (or until it gets bought). In my book, it's a clear buy for investors and probably a buy for traders too...
MW's new broker, WH Ireland, has a price target of 15p
You_Having_a_Laugh
Posts: 122
Observation
Opinion:No Opinion
Price:6.375
Next week
11 Mar '17
Results soon and price and volume suggest a chance they won't be horrendous.
CV7Blue
Posts: 414
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:6.50
Week
9 Mar '17
Well some nice buys and things are looking up here.
Do you punters follow me around and wait for me to sell ?
Good luck all !!!
TruroTrader
Posts: 376
Off Topic
Opinion:No Opinion
Price:6.375
RE: Truro & Soleman
8 Mar '17
Thanks for your input CV7. The AIM is fraught with losses particularly in start-ups. I've sold shares in some 35 AIM start-up companies in the last dozen years or so and I'm only 10K in the red!! Fortunately the 14 I currently hold are mostly in profit and 5 of 'em pay a dividend so I might make it ret.

Sounds as if you are far more prudently invested. All the best.

the dozen os im aimsome
CV7Blue
Posts: 414
Premium Chat Member
Research
Opinion:Hold
Price:6.125
Truro & Soleman
6 Mar '17
Yes its happened again in JLP.
Held for 3 years at 4p average and then it peaks 7.5p after I sold 2 weeks prior.
The protential here is massive and I seriously hope I've made a mistake again.
My main investment is in gold at MTL & stones RLD but I'm not planning to sell either yet.
Happy days and keep smiling :-]
soleman1
Posts: 2,536
Off Topic
Opinion:No Opinion
Price:6.25
RE: Let's see
3 Mar '17
Lol, good luck elseware cv7




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