Member Info for Retireby40

I don’t think it’s a bad point. The tech is great as most know and the fact is the company has disappointed to monetise the assets effectively and hasn’t known where to focus and how to create a sustainable business model.

I do believe that’s changing. They said with the last raise they should be able to reach cash flow break even and they need to get near to this and the market will slowly start to have confidence. I think the new chairman has a vision and and yes C19 has helped and I’m sure all the clients are making sure their reagents are replenished and with the AI that’s low hanging fruit.

I think this is a genuine turnaround and not another false dawn but proof will be in the H1 results which will come in Sept. hopefully with the AR we get a detailed post YE update, we know Q1 was 48% up on the prior year and production is up but it’d be good to get a sense of what has been sold/ordered so far (10 units going to China Q3) to get a sense of what the year is shaping up like.

At £10m market cap with amazing tech and now increasing sales and getting on radars I think this could continue moving north and quickly.

This company has a massive future and and I can only imagine more and more ad agencies/media planners will see the value. I expect a large streaming co to come on board before long and that will be transformational. Maybe more studies like the below will be conducted.

Mirriad is also pleased to report the highly successful conclusion of a pivotal campaign with a leading advertiser in the USA. The results of the campaign were verified by a renowned independent research company. They will be reported in more detail shortly but showed that a combination of Mirriad in-video and standard spot advertising significantly helped drive frequency of consumption and amounts spent.

This is the first study showing that Mirriad in-video advertising can increase purchase even among heavy users of a product and represents a further argument for the exceptional effectiveness and broad adoption of the solution in the industry.

They’re burning less than £1m a month at the mo so have 18 months of cash left but they’ll increase revenues each month so extend the length of time the cash will last. The Chairman said if they needed cash (much later) they could access finance rather than diluting. Once businesses generate cash each month banks will lend money.
The CEO then came in a little after and said any number of deals could be transformational and mean that unnecessary. I’d be shocked if a large steaming co doesn’t get on board before long and once one falls the others are likely to.

If 1 signs I imagine they’ll be like dominoes for FOMO. The i independent research coming out should make things easier. Massive growth potential here.

Modern Water is an AIM listed Water Technology Group that was established in 2006 by IP Group Plc to develop and commercialise IP and technologies related to the treatment of water. It has spent £20m over last 12 years developing a portfolio of over 100 patents and cutting-edge technology focussed on making the treatment and recycling of water more efficient.

It employs 40 people across two divisions in the UK, US, Japan & China. The Membrane division is focussed on the treatment of water and the Monitoring division sells equipment to analyse the quality of water.

Remember the 3,000 Monitoring units to have AI to be added so there’s an easy sale to existing clients and SKIN gets a hefty cut and recurring revenues too.

The U.K. is a tiny market and they’re already established in mainland Europe, China, India etc. They have some 3,000 units that will need AI so an easy sale and recurring revenues.

The U.K. is a tiny marker and they’ll be looking to continue to grow in the EU (Spain, Italy large customer base), China, India etc. U.K. is small fry. They have 3,000 units to error for AI too so low hanging fruit. Also lots of new clients will be won too.

The current market cap is £30m and with £16m in cash the tech/IP is not being valued properly.
They had more brands using their platform than ever in April and as things ease this will only go one way. Remember they have more demos in April than the whole of 2019. A lot more to come and looking forward to US steaming cos coming on board.

As a result of our partnership with Tencent, the number of brands using Mirriad on its platform was at the highest level ever in April as businesses and consumers in the country resumed stalled activity. Alongside this, we are in advanced partnership discussions with multiple tier one entertainment majors in the US, engaging with global agencies in our key markets and executing campaigns for leading advertisers such as P&G. When combined with the encouraging revenue figures from Q1 2020, there are good grounds for optimism in the months ahead."

It’s why China wants the best -

Integumen and Modern Water have accelerated the integration of their respective water monitoring equipment and AI based contamination detection abilities following increased orders of the Microtox range in Europe and SE Asia, including back fitting Integumen AI based capabilities to the 10 top-of-the-range Microtox CTM units to be shipped to China in the third quarter of 2020 as announced on 23 December 2019.

Microtox equipment are built to be modular and expandable. Within this hardware capacity Integumen is configuring its RAWTest [i] AI real-time alert solution to expand the capability of the instruments to detect bacteria, nitrates and phosphates. The roadmap for this integration includes the ability to detect viruses such as SARS-Cov-2.

Yeah and they do it in the old school way of taking samples and testing in a lab. The way forward is #MWG #Microtox with #Integumen realtime water contamination detection system

More than £14m invested in the tech!

I was on the M5 when Boris mentioned testing the UK's water supply for signs of Covid 19, as a way to better isolate & to understand any hotspots of the disease. Obviously the government have already looked deeply into such systems with France &, I think Spain looking to use them too.

If they choose to go this route in the UK, there are over 7,500 sewage treatment works just in England alone but with that, each one has many entry points, ie. the works may have sewage coming from towns to the North, East, South & West etc and with larger sites having many entrances to the channels. These figures do not include individual or community septic tanks in England or, for instance the over 11,000 single/community septic tanks/sewage works in Scotland & Ireland.

Furthermore and as we work on the UK's water network I also know that each town/village normally have their own sewage pumping stations and it would make sense to install the testing equipment at these points, and therefore the number of testing stations would be multiples of this amount, and this is just England.

When you then add in potable water testing points, testing for government buildings, MOD, hospitals, care homes the numbers go through the roof, and just for England let alone the UK or Europe or further afield.

Has been on the BID all day so I assume is hoovering up shares for someone.

New clients and more demos should mean more new clients aren’t far away.

Meanwhile, conversations also continue with leading global food and beverages, luxury, household and automotive brands, who are all expected to gain momentum again as domestic demand begins to return.
Stephan Beringer, CEO of Mirriad, said: "Tencent has been highly engaged and active in bringing Mirriad's unique technology to the market, with demand for demonstrations in April alone already above levels seen throughout 2019.

Integumen and Modern Water have accelerated the integration of their respective water monitoring equipment and AI based contamination detection abilities following increased orders for Microtox equipment from Europe and SE Asia. This includes back fitting Integumen AI based capabilities to the 10 top-of-the-range Microtox CTM units to be shipped to China in the third quarter of 2020 (as announced on 23 December 2019). The equipment’s modular and expandable hardware has been re-configured to include RAWTest AI real-time alert solution, in order to expand the capability of the instruments to include detection of bacteria, nitrates and phosphates. The roadmap for this integration includes the ability to detect viruses such as SARS-CoV-2.

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/f93923f4-ecfe-4941-abbd-464d97366f63/Modern_Water_Group_Research_Update_6_May_2020__FINAL_BG.pdf

Give the last raise was at 15p and there should be over £15m cash as of end of April the market cap looks small so assuming we’re generating more revenue so burning less cash even more so. The turnaround is still in its infancy but I have a lot of confidence in the new team.

Yep the CEO presents really well so I’m looking forward to it. It’s great China is going so well and that should continue given they have more demos in April that the whole of last year. It’s be good to get some more wins in the EU and US. Did the channel 4 campaign happen in Q1? Hopefully there’s a brief Q&A although probably not unless live questions.

There is an uptake in sales as stated but we don’t know how Q1 was last year to compare. I imagine Q2 will be even stronger and beyond so the interim report in Sept will be interesting and given they cut costs and are increasing sales the cash burn should be much improved too. £8m market cap and if the co can get to cash flow BE and then positive it’ll confirm the turnaround and should start to properly re-rate. I hope/expect we’ll get more good news before Sept though!

Old news and not a home test -

Coronavirus: New 'fast and accurate' antibody test developed
04 May 2020 Scotland

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/uk-scotland-52529294