Happy New Year One Way. I too hope it is a one way ticket to riches but the cynic in me thinks that the only movement could be of the most unpleasant kind.
Heres a New Year wish for lots of upward, rather than panward movement.
"With increased commercial demand for the company's technologies, Modern Water has identified an opportunity to recruit a Process & Commissioning Engineer to work within the expanding Membrane Processes Division. Modern Water has entered into a number of agreement to deploy its technologies in different sectors and regions."
I am surprised to see this back at 8p levels for a varied number of reasons:
Firstly given that the Placing (on which importantly for me the Management participated) was at 11p.
Secondly though given that momentum was building in the business, has been continuing and that there may be a lot more to come in the weeks and months ahead.
Just a couple of extracts.
"The impressive performance of our All Membrane Brine Concentrator (AMBC) in the cleaning of process waste-water for an Indian-based textiles company was widely marketed and has encouragingly resulted in new enquiries from companies in a range of countries and industrial sectors. We are also beginning to see increasing market interest in our other membrane technologies, with sales of licences and products in China, India and Oman."
"Modern Water said it has secured a first sale of its proprietary technology in China. The company will provide its all-membrane brine concentration produce to a plant to treat fuel-gas desulphurisation wastewater produced by a power station in China.
The innovative AMBC system will be built into an existing facility, with completion and commissioning scheduled for the end of this year (2017).
We have worked with Sunup for several years and we are confident that once the plant is up-and-running our technology will demonstrate the substantial improvements we can offer for the flue-gas desulphurisation sector, and also in other industries, thereby allowing us to make further sales to Sunup and target new markets.
And then of course there is the MWG suggested association with turning Saltwater into drinking water and its global demand and vast potential revenue streams.
very interesting to me.. and while their sales progress over the years has been abysmal hope springs eternal here for me, not least that chinese sale acorn growing into an oak tree... also they believe they have opportunities far and wide... I've bought some this week and would add some more on further weakness - if any - and will sit and patiently wait (also I saw it spiked earlier in the year on some rumour(s) and that can happen again too..)
I know I'm being cynical, but I hold these shares so am allowed to be!!
I'd like to know the contract value of this sale and the expected profit/margin. Without that I'm not convinced. I don't even mind if they declare it as a loss leader, but no information makes me only slightly excited.
Good to see last weeks rise holding and putting me into early profit. No pump and dump then so perhaps a bit of in the know buying. Just hope that big Gibraltar contract is going to be signed in the next couple of weeks. The odd positive trading update RNS would also be appreciated otherwise we may think things are not going too well.
sp now around 9.875p hoping for 30p on Gib contract.
It was grossly oversold velocipede given 38p highs. Its on the cutting edge of water filtration and the implications of desalination and turning sea water into normal drinking water is vast.
Another one worth watching for a diversified portfolio that may reap significant returns for the future is Velocys. It recycles landfill and waste gases into aviation fuel. Recent deal with BA for the UK and there is another really good RNS out there this morning. Roman Abramovich's investment fund is in there also.
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