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Modern Water Launches Open Offer To Raise GBP900,000 (ALLISS)

Thu, 11th Oct 2018 11:18

LONDON (Alliance News) - Modern Water PLC said Thursday it launched an open offer aiming to raise proceeds of GBP900,000.

The company will offer up to 10.0 million shares at 9.0 pence each, a 4.3% discount on the closing price on Tuesday. Modern Water shares were trading down 2.8% at 8.65p on Thursday.

Qualifying Shareholders will have an entitlement of 1 open offer share for every 10 shares held and could also apply for additional shares.

Moder Water develops technology to monitor the quality of water and wastewater.

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12 Nov 2009 14:11

Round-up: Capital & Regional, International Ferro, Synergy Healthcare...

Property fund manager Capital & Regional reports valuations in the UK fund businesses, particularly in retail warehouses, are trending higher in the fourth quarter. This reflects the strength of the investment market which is likely for the balance of this year to outweigh pressure on income. C&R

9 Sep 2009 13:08

Broker tips: Glaxo, Go Ahead, Modern Water

The Centers for Disease Control and Prevention (CDC) issued new guidelines for the use of antivirals in the treatment of flu on Tuesday, which should boost revenues drugs giant GlaxoSmithKline (GSK) receives from its Relenza flu treatment. The ruling that Tamiflu and Relenza should promptly be give

9 Sep 2009 12:42

Broker snap: KBC laps up Modern Water

House broker KBC Peel Hunt has upped its price target for Modern Water after the desalination firm's interim results. The broker has raised its fair value for Modern Water Group (MWG) shares from 69p to 77p and reiterated its 'buy' recommendation. 'MWG's previous undervaluation, where it traded at

9 Sep 2009 08:37

Modern Water H1 losses widen

Interim losses at desalination firm Modern Water widened but the group says it is well positioned to deliver progress in the coming months. Loss on ordinary activities before income tax swelled to £2.1m during the six months ended 30 June 2009 compared to a loss of £1.1m the same period a year ear

5 Jul 2009 11:53

Sunday tips round-up: RM, Hill & Smith, Modern Water

RM has diversified into educational software, electronic whiteboards and other educational devices. It has also moved into US markets, where penetration of items such as fully electronic whiteboards is much lower than in the UK. The company has net cash of around £4m, with about £12 in the bank. Th

29 Jun 2009 08:04

Modern Water hails success of test plant

Modern Water said its plant in Gibraltar, which uses the company’s desalination technology, is performing ahead of expectations. The water technologies group’s Gibraltar plant has been supplying water directly into Gibraltar’s potable water distribution system since May 2009, and the quality of th

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Modern Water Launches Open Offer To Raise GBP900,000 (ALLISS)

Round-up: Capital & Regional, International Ferro, Synergy Healthcare...

Broker tips: Glaxo, Go Ahead, Modern Water

Broker snap: KBC laps up Modern Water

Modern Water H1 losses widen

Sunday tips round-up: RM, Hill & Smith, Modern Water

Modern Water hails success of test plant

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