Modern Water up 25% today, seemingly on no news. Does anyone know the reason for the rise?

Thanks - surprised that's all though bearing in mind the size of yesterday's rise.

Modern Water has posted a first half operating loss of 2.5m compared with 1.9m last time. But the firm says it made a number of breakthroughs in the six months to the end of June with significant momentum built up across its portfolio.

Chairman Neil McDougall said: "Our Gibraltar proving plant began supplying water into the local system in May and this plant continues to provide an excellent platform on which to demonstrate the benefits of our desalination technology. While we continue to take significant steps forward across the breadth of our business, our financial position remains strong, with 25.3m of net cash in hand. The business is well positioned to move ahead and we look forward to delivering further progress in the coming months."

Tipped in both Shares Magazine and the Times

Online Trading

very interesting article in Shares Mag.
i think the concept and thus the company is very "sexy" in this day and age.
assuredly there is much potential application all over the world, including countries like portugal and spain which throw oceans of water at their golf courses etc, do the detriment of their aquifers - those don't contain an infinite supply whatever they might like to think!

i suspect the plant in oman was built either for free or at cost at best.
there is also the big question as to MWG can expect to become profitable - or a t/o target i suppose.

for all the caveats, a small dabble could not be regarded as stupid

quietly positive trading update today. Bags of potential imho. What with opg and fto 2010 could be a good finish for me.

A bit of a grim chart atm. if this level doesn't hold, then next support is a long way down.

Agreed - but isn't this typical of new technology. The initial hype overtakes reality and it takes time for adoption/sales to build. Given the product range and the global environmental pressures I'm happy to hold and would top up if the sp fell.

A leap north today :-)

maybe this is why http://www.marketwatch.com/story/oman-investing-us-29-billion-in-13-new-power-water-and-energy-projects-starting-in-2012-2012-02-19

...or is it water shortage in UK :-)

RNS today. Looks like some momentum for sales will follow on this China link. SP well up :-)

52 week high today. Results are out next month.

Long wait but finally heading north in spetacular fashion

Still ploughing my lone furrow on this one. Another false dawn perhaps but looks like it finally has momentum to sales and hence the share price.

probably because everyone else recognises that this remains a crap company ...... just check back to the 2009(!!!) posts; nothing new; no progress