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).
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
...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?
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.
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.
I am no expert and this is just my opinion. I feel the cutting edge technology they have with Forward Osmosis is something that will be highly effective moving forward. Clean pure water is becoming a more and more needed necessity in everyday life and companies are seeing. Forward Osmosis (which is a proven technology) membranes allows this to be produced at a much more affordable level than the current methods. Despite this process the company are cash efficient and have a positive and steady approach which gives me further comfort when placing my hard earned money.
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