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.
For a company with no dept and such innovative products which bode well for the future this has to be one to watch. I myself have also taken a position following market pressure to keep this stock above the year low and its strong product range. I think good things are ahead and I expect the Interim half yearly report soon which should confirm the companies financial position. I believe a rise in price to be imminent and a steady rise over time looks on the cards with past highs being exceeded.
a small position on hope they can actually delievr meanignful revenue from China and Severn Trent water trials....the seller has decimated MWG ( prob 20% ex-holder IP Group) for 12mths but this looks too far given no debt and cash pile ( albeit to service a 4mln per annum outflow lol)
I bought in here following the announcement late last year of the 'collaborations' in China. The technology and patents all looked good. However, after the sp spike, there has been a steady 'sell off'. The share dealing board is a sea of red. Even after rns stating 'new' equipment, there is a sell off. I realise that +ve EBITDA is the driving force for upward sp, and we may be some way off that, it would be good to get some news of large scale projects that may eventually lead to +ve EBITDA.
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