Small Talk: Modern Water taps demand in Middle East
Monday 23 November 2009
Water, in case anyone hasn't noticed, is becoming a rather scarce commodity.
So it is probably not just investors in Aim-listed Modern Water, the technology group that has commercialised what it calls "manipulated osmosis technology", that should be pleased the company is making progress.
The group last week said that it has produced the first water from its desalination plant in Oman, where the country's Ministry of Power and Water has agreed to buy up the water to supply to the Al-Khaluf region.
The company is hoping its plant in Oman will act as a showcase for the rest of the Middle East, a region that for obvious reasons may be among the first to suffer from water shortages, but a part of the world that also has the resources to pay for expensive desalination projects.
"The start-up of the Al-Khaluf plant is a major breakthrough for Modern Water," said the executive chairman, Neil McDougall. "Spending on desalination and other water-related technologies in the Middle East continues to increase and so we are delighted to have a commercial plant operating in the region that can also act as a showcase for potential clients."
There was yet more good news from the company when it disclosed separately last week that its Cymtox subsidiary, in which it has a 76 per cent stake, has achieved its first revenues. Cymtox is a company that produces equipment for measuring water toxicity levels and has already signed several contracts with a company in China, which will increasingly demand clean water supplies because of urbanisation, rising industrial output and pressure to reduce pollution.
President Kennedy was once quoted as saying: "If we could ever competitively, at a cheap rate, get fresh water from salt water, this would be in the long-range interests of humanity and would dwarf any other scientific accomplishment." Let's see if Modern Water can live up to the mantle.
Medical firm's move is a boost to AIM
Over the past year or so, just about everything has hit the fan in small-cap land.
As such, the two small-cap share indices, the Alternative Investment Market (Aim) and Plus, have been battling to convince companies that each is better placed in terms of costs, liquidity and profile to suit newcomers.
Plus has generally trumpeted new arrivals to its market, especially as a glut of groups have decided to leave Aim during the course of last year.
Last week however, Avia Health Informatics, an investor in what it describes as "clinical decision support systems", decided that it has got too big for Plus, and is moving to Aim. Avia's boss Barry Giddens, right, who is keen to buy up more companies after the reverse takeover last week of Plain Software, says investors are generally keener to see shares traded on Aim. It raised £1.18m last week on moving and following the acquisition of Plain.
Gardin is the brains behind Italy's £200m theme park
There are some pretty big companies on the Aim which have succeeded in achieving the object of the exchange: growth. And there are others at the opposite end of the scale that are hoping to emulate them. Brainspark, an Aim-listed investment vehicle, last week confirmed its intention to buy a 10.87 per cent stake in the land development group Mediapolis for just £426,000.
Mediapolis owns a 150-acre site in northern Italy and plans to build the country's largest theme park on it. Mediapolis reckons the attraction, which has been 10 years in the planning, will be ready within three years at a cost of £200m.
"This investment is the first of a series of investments that the new board is considering which have a particular focus in the entertainment and leisure sectors," said Francesco Gardin, chairman of Brainspark.
"Our strategy is to focus on companies which will increase shareholder value, while also taking advantage of the synergies between physical and digital entertainment.
"We expect to update shareholders on further investments in due course."
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Why I'm on the brink of burning my Israeli passport
- 2 Japanese plant experts produce 10,000 lettuce heads a day in LED-lit indoor farm
- 3 War is war: Why I stand with Israel
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Israel-Gaza conflict: Death toll tops 125 after overnight raids as Operation Protective Edge continues
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: Pro-Palestinian demonstrators take to streets of London, Paris and New York in wave of protests
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...