Share Name Share Symbol Market Type Share ISIN Share Description
Water Intel. LSE:WATR London Ordinary Share GB00BZ973D04 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +9.00p +2.15% 427.00p 420.00p 434.00p 432.00p 418.00p 420.00p 10,697 11:13:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 13.0 0.8 5.9 68.2 65.05

Water Intel. Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
12/8/2018
10:18
My H1 projections held up pretty well against the figures in the recent H1 trading statement. Small shortfalls in Franchise Royalty Income and Corporate-Owned Stores Revenue were more than offset by a surplus in International Corporate Activities; Franchise-Related Activities was spot-on. Revising my projections to reflect this latest information, I have shaded my 2018 estimate up to $24.0m (was $23.9m), representing a significant excess over broker consensus of $21.7m (per Stockopedia). Profit is rather harder to forecast on the available information, but I expect it to be at least in line with the $1.7m broker consensus.
effortless cool
31/7/2018
14:51
Graham Neary likes Water Intelligence! "This US-based leak detection business is another example of a High Flyer (aren't these categorisations very useful?) For the uninitiated, that means high quality and high momentum, but little value, at least as value is traditionally understood. Paul last covered it with the share price at 200p, in February. So congratulations to anyone who has earned a 100% return so quickly, by holding it since then. Some of you have probably been holding it for a lot longer than that, and have a much bigger return! The first time I wrote about this share, in 2016, it was priced at 70p. Ok, let's see how things are going according to the latest update. Trading is comfortably in line with expectations, a phrase which can be interpreted to mean that we have a good chance to see an earnings beat later in the year. The top line and bottom line are both mentioned in this regard, so we have the perfect combo of strong sales and strong margins. We are on track to meet the goals set forth in the Chairman's Statement for the 2017 Annual Report released earlier this year: passing $20m in annual sales during 2018 and passing $25m in annualized sales in the near-term. The capital base grew in March with an equity fundraising - when we have more detailed numbers for 2018, I will do my usual checks for the returns generated on this increased base. I expect they will come back very positive. Excitingly, the company cites "strong worldwide demand" for its products, and expresses the wish to go international with a "scalable business model". Its international business is active in the UK, Australia, Ireland and Romania. If the strategy succeeds, I am confident that Water Intelligence will prove to be worth a lot more than its current market cap, despite the high rating. H1 PBT is up almost 50% year-on-year, to $1.25m. So it's understandable that the share price has gone on a tear. Holders don't have any reason to cash in their chips, with a company performing so well and looks to have so much potential. I think the very high rating is probably justified."
masurenguy
31/7/2018
08:21
Fantastic. Firing on all cylinders.
someuwin
31/7/2018
07:11
That's a cracking update. Revenue up 39% and profits up 48%
silverfern
18/7/2018
15:11
well I am wondering whether the persistent buying, not huge amounts mind, does signal that some business development announcement is forthcoming. WATR could get a market cap of £100m readily if it delivers additional growth and its strategy supports that ie not one offs. Right now I see that target as this time next year, but who knows.
silverfern
18/7/2018
14:51
Gift that keeps on giving... Any particular valuations in mind from anyone?
from8to800
09/7/2018
15:25
18-24 months ago WATR Would be lucky to trade 5000 shares in a week. VOlume has certainly improved; people are buying in o the strategy. First test will be the next update/results which will not I think do anymore than show progress with that strategy. BUt they seem to be getting into the swing of making deals and this year I expect (but with no insider info) a biggie.
silverfern
09/7/2018
08:37
The unabated rise continues - now up 133% over the past 7 months ! :o)
masurenguy
26/6/2018
13:39
EC Thank you for the link to the WATR thread on Stockopedia. I had missed your most recent post having been very unwell and virtually energy free during the last three days of last week. I will take a look. As you told Patrick deS at the AGM, it would be helpful if WATR provided more granular information capable of being analysed. All the best, Martin
shanklin
26/6/2018
13:14
Martin, My model is producing a valuation of 330p at present, but I haven't posted anything yet because I don't have much faith in it. Particular challenges come from the absence of like-for-like segmental revenue data and segmental cost of sales figures. I have asked PDS if these could be included in results in future. The bottom line for me is that I have built up a sizeable holding and am very happy with how the company is progressing, so am not a seller and may buy more on weakness. On the modelling side, I'm trying to get a good handle on revenue projections which will at least give me a solid foundation to build a valuation on. I did a detailed post on my numbers on Stockopedia in a so far unsuccessful attempt to provoke some discussion. That was the last post on this thread: Https://www.stockopedia.com/content/water-intelligence-the-long-story-195763/?comment=25#25
effortless cool
26/6/2018
10:17
finnCap today raises WATR target price from 309p to 344p
someuwin
26/6/2018
09:48
EC Your post 113 from 25-Apr-18 mentions that: "I'm going to wait until the results for 2017 come out next month to revise my model, but I am confident that my valuation will be going up." Any chance please that you could share what your model is currently saying about WATR. It would be nice to think that this will prove as good an investment as LOQ!! Thank you, Martin P.S. Added a few after today's RNS.
shanklin
26/6/2018
09:27
LOL EC. Unless companies tell one different, I can only extrapolate from what they, bizarrely in this case, chose to do in previous years.
shanklin
26/6/2018
09:16
Dozey3 - It was clear from our AGM conversation that PDS has serious ambitions for this business, both in terms of international expansion and technological development. Today's RNS is another step towards implementing those strategies. Shanklin - You're being greedy! There has already been a q1 trading update for 2018. You should expect regular quarterly updates from now on.
effortless cool
26/6/2018
09:12
Excellent news today, expanding into product development and sales as well as services.
someuwin
26/6/2018
08:46
Last year there was a TS covering Jan-Apr. Today's RNS implies the next TS in 2018 will cover H1 - last year's H1 TS was issued on 09-Aug.
shanklin
26/6/2018
08:32
What do you make of this latest rns? Sounds as if the combination of household leak detection with municipal services is just starting to deliver, though there must be competition. Here in southern England leak-detection seems purely visual - water authorities wait to hear of fountains in the road and then take weeks to fix them. https://www.investegate.co.uk/water-intelligence--watr-/rns/joint-technology-development-agreement/201806260700095286S/
dozey3
25/6/2018
14:39
I would just like to add my thanks EC! Very helpful.
mickharkins1
20/6/2018
15:42
Yes, very interesting - cheers EC.
masurenguy
20/6/2018
13:44
Thanks all. Glad you found it useful.
effortless cool
20/6/2018
12:32
Effortless Cool, I don't usually come on ADVFN but I had to personally thank you for the effort (no pun intended!) you've put in attending and then writing about the AGM. I am sure I speak for many PI's when I say THANK YOU! :-) Keep up the excellent work you've been doing. All the best @mginvestor over on twitter
mginvestor
20/6/2018
11:30
Good to have some feedback.Thanks EC.
stopps
20/6/2018
10:41
MAny thanks EC, really useful reporting!
silverfern
20/6/2018
09:34
The Water Intelligence (LON:WATR) AGM took place at 11:30 on 19 June in the offices of Weil, Gotshal & Manges, 110 Fetter Lane, London. The only representative from the company was Patrick deSouza, Executive Chairman. Two advisors from FinnCap were also present. I was the only shareholder that attended. The resolutions were swiftly approved and the FinnCap representatives left to attend another AGM. Mr deSouza kindly offered to continue the meeting on an informal basis to discuss the company and answer my questions. Note that this is a precis (Mr deSouza talks a lot!) of our conversation and represents my understanding of what was said. I obviously cannot guarantee that my understanding is accurate. I first asked about the end game for the development of the corporate franchise business – how much more potential was there to grow this and how would the corporate network and the franchisee network work alongside each other in the long-term. Mr deSouza’s view was that the market was sufficiently large and fragmented that was plenty of room for both networks to grow for the foreseeable future. He pointed out that the corporate franchises were significantly more profitable for shareholders, generating margins of ~30%, as opposed to the 6% royalty payable by the franchisees. He agreed on the value of the reliable income flow from the franchisee network, however, and indicated that he would seek to grow this from $6m per year of royalties to $8m-$10m, whilst continuing to prioritise growth of the corporate franchise network. I then asked about the business-to-business work carried out through contracts with insurance companies. I wanted to understand how this was distinct from the normal business and why it was grouped with product and equipment sales to franchisees in the segmental analysis. Mr deSouza explained that these two insurance arrangements came through a specific web-based channel with built-in workflow monitoring capability. It had taken two and a half years to convince the first insurer to sign up for this arrangement but, having now proven the concept, he had high hopes of scaling up this side of the business further, both in the USA and potentially, internationally. I had assumed that the business-to-business channel was lower margin than normal business; however, Mr deSouza corrected me on this. The insurer paid the standard charge for the work carried out plus a fixed fee for each case. This was attractive for them because the plumbing market is so fragmented that it worth paying extra for access to a reliable service provider with close to nationwide coverage whose employees had all been subject to criminal records checks and other relevant controls. I also asked Mr deSouza to consider making some enhancements to the financial reporting, specifically: • Including like-for-like data on segmental revenue. This is particularly important to show the underlying performance in the highly acquisitive corporate franchise segment. • Including cost of sales data in the segmental analysis, to enable investors to calculate gross margin at segment level. • Issuing preliminary results on a fixed date, rather than fully audited results at a late date that has generally been missed. Mr deSouza highlighted the complexity and length of the audit process, due to the franchisee structure and the multi-national nature of the business. I also flagged to Mr deSouza that the implantation of MIFID II meant it was now very difficult for private investors to access the FinnCap research on Water Intelligence, and asked him to consider commissioning regular ‘paid for’ research. Mr deSouza was receptive to all of these suggestions although, to be honest, I don’t expect to see any improvement in the timing of the issue of the final results. Overall, Mr deSouza was very bullish on the prospects for the company, and I remain a happy holder.
effortless cool
19/6/2018
16:05
Very nearly joined you, but I needed to give 7 days notice to attend apparently so my broker decided not to send me a rep letter. Next time. WHen I've spoken to companies in the past i have asked if they would mind me sharing x or y on bulletin boards. I would be v interested to know what other investor types were there and their level of engagement/enthusiasm.
silverfern
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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