Modern Water this morning released audited final results for its year ended 31 December 2019.
While reflecting the financial challenges of the past 12 months, its statement highlights foremost the transformative steps that have subsequently been taken by the Group’s new Board of Directors in order to optimise its now obvious business opportunity in supply and service for more permanent and rigorous “early warning” contamination and virus detection programmes being demanded through government intervention and regulation in the battle against the COVID-19 Pandemic.
Having since strengthened its balance sheet and adopted a collaborative development approach to support new product/data services initiatives, together with a revenue-sharing commercial strategy and the outsourcing of equipment/reagent production, it has successfully modernised and broadened its offering while reducing overall administrative costs in anticipation of substantially heightened demand for its high margin proprietary technologies and services, as it capitalises on a hard-won international reputation derived from 30-years of marketing its Microtox® water monitoring brand.
We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Modern Water plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.
The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.
Copyright © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned