Share Prices & Company Research

Market News

07 Jun 2019 | 13:13

Modern Water mulls funding options to meet working capital shortfall

Water treatment group Modern Water said it needed to raise capital due to weaker cash flows.

The company said it was engaged with a number of potential funding parties with a view to providing the working capital needed, which may or may not include a new equity issue.

'Despite positive indicators as disclosed in the recent annual report, cash flows have been slower than anticipated from the membranes division and, consequently, additional working capital will be required in the short-term to meet the group's requirements,' Modern Water said.

The monitoring division, meanwhile, continued to trade in line with expectations.

At 1:13pm: (LON:MWG) Modern Water PLC share price was -0.6p at 3.53p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.