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WATR Water Intelligence Plc

397.50

0.00 (0.00%)

Last Updated: 08:00:22

Delayed by 15 minutes

Water Intelligence Investors - WATR

Share Name	Share Symbol	Market	Stock Type
Water Intelligence Plc	WATR	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	397.50	08:00:22

Open Price	Low Price	High Price	Close Price	Previous Close
397.50	397.50	397.50		397.50

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Industry Sector
SOFTWARE & COMPUTER SERVICES

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Posted at 04/11/2024 07:56 by waldron Water Intelligence PLC Strategic Reacquisition of Dallas, Texas Franchise 04/11/2024 7:00am RNS Regulatory News RNS Number : 7837K Water Intelligence PLC 04 November 2024 logo 3.tif Strategic Reacquisition of Dallas, Texas Franchise Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce the strategic reacquisition of its franchise in Dallas, Texas within the Group's core American Leak Detection ("ALD") subsidiary. Key terms of the Acquisition The transaction involves consideration of both cash and stock options. $12 million in cash is spread through 2027 and based on performance of $2.3 million in adjusted profits for 2027. $5 million was paid at Closing based on a trailing twelve months pro forma of $6 million in sales and $1.0 million in adjusted profits and $0.3 million in total assets. $2.5 million is scheduled to be paid in 2025 based on a pro forma with increasing profit before tax. Options for 200,000 ordinary shares are issued in amounts and at exercise prices as follows: 100,000 at $6.25 per share; 35,000 at $7.50 per share; 35,000 at $8.75 per share; and 30,000 at $10.00 per share respectively and vest over 4 years. The purchase price includes all assets required to conduct operations, including trucks and equipment. The transaction is accretive for the Group's shareholders. Strategic rationale for the Acquisition Including Appointment of CEO for ALD Today's transaction is strategic for the Group. First, and most importantly, Will Knell, owner of the Dallas franchise is appointed CEO of ALD, the Group's core subsidiary representing approximately 85% of the Group's revenues. Mr. Knell has significant experience in operations and is well respected among the franchise System having previously been awarded Franchisee of the Year. The Dallas franchise represents the single largest location in terms of sales in the entire franchise System and is fast growing. Second, strategically there are significant operating synergies between the Dallas location and ALD's neighboring corporate-operated location in Fort Worth, Texas. Integration of both operations will create cost savings. Moreover, in terms of future revenue growth and scale, the Dallas-Fort Worth metroplex is expected to rival New York and Los Angeles in size and concentration of disposable income by 2030. Third, the Group plans to move the headquarters of ALD to Dallas during 2025 and to build a training center similar to the one the Group opened in Bridgeport, Connecticut during Q3. The centrality of the Dallas / Fort Worth location in the United States will enable the Group to accelerate its strategic growth plan organically and with its national partners especially insurance companies and technology product companies. 2025 and Capital Allocation Plan The Group has sufficient resources on hand to execute its growth plan; moreover, the Group remains under-levered enabling it to apply more capital to accretive opportunities that may emerge. With today's acquisition, the Group has strengthened its management team and execution capabilities to advance more rapidly both organic growth and additional acquisitions for 2025 pursuant to its previously announced capital allocation plan. Executive Chairman, Dr. Patrick DeSouza commented: "When we provided our Interim Update in September, we indicated that we were confident about the future and that our Next 50 Initiative would put an accelerated growth plan in place. Today's announcement reinforces that message because beyond the strategic nature of the Dallas reacquisition, we are advancing the execution leadership of the Group in a significant way. Congratulations to Will Knell who is an outstanding leader and a perfect fit for the future of the Group. Our entire franchise System, representing over $100 million in gross sales to customers is excited by the appointment of Will and an updated growth plan that we will be unveiling prior to year-end. Will's appointment and the move of ALD's headquarters to Dallas is a great way to kick-off our Next 50 Initiative named after our fiftieth anniversary celebration of the establishment of ALD two weeks ago at the Group's annual convention." Will Knell, CEO of American Leak Detection added: "I truly appreciate the confidence that the Board, management and our franchise System have in me. On previous occasions, including most recently at our fiftieth anniversary celebration of American Leak Detection, I have met with some of our institutional and individual investors and welcome their support and the opportunity that our team has to deliver for our shareholders. Our Dallas franchise operation and the neighboring corporate-operated location in Fort Worth have served as a model testing site for the various technology investments that the Group has made ranging from Salesforce to LeakVue. Leveraging our strong results and our operating experience as "super-users", we expect to help the Group scale with these investments and realize gains in organic growth in 2025 and beyond. It is very exciting to help the Group transform water infrastructure services as a platform or "one stop shop" across the United States and, along with my colleagues in the UK, Ireland, Canada and Australia." Read Full Thread Reply
Posted at 21/6/2023 10:34 by pugugly However those institutions who participated in the last placing must be very unhappy. 1,200 pence per share. No dividends and can now get over 4%+ for cash - PE at 19.2 (Brokers note) looks rich to me for what is (imo) a basic support services company. 12 November 2021 Water Intelligence plc Results of Placing Water Intelligence, a leading multinational provider of non-invasive leak detection and remediation services for both potable and non-potable water, announces the successful completion of its placing announced earlier today (the "Placing") which has closed significantly oversubscribed. The transaction comprised both the placing of 1,016,667 New Ordinary Shares to raise approximately GBP12.2 million and the placing of 25,000 New Ordinary Shares through the exercise of options to raise GBP0.3 million. A total of 1,041,667 new ordinary shares (the "New Ordinary Shares") were placed at a price of 1,200 pence per share (the "Placing Price"), raising gross proceeds of GBP12.5 million, in excess of the target size of at least GBP10 million. The Placing received strong demand from existing institutional shareholders as well as new long only institutional investors. Read Full Thread Reply
Posted at 22/5/2023 07:23 by bennywin If pointing out that they actually do have a UK presence , when investors are blissfully unaware of that fact is of no use, then I despair. Seems you are beyond help . Read Full Thread Reply
Posted at 10/4/2023 08:18 by waldron Shareholders Name Equities % Patrick Jude DeSouza 5,026,174 29.0% Plain Sight Systems, Inc. 2,430,000 14.0% Canaccord Genuity Wealth Ltd. 2,134,432 12.3% Joh. Berenberg, Gossler & Co. KG (Investment Management) 1,216,691 7.01% Amati Global Investors Ltd. 814,660 4.69% Amati Global Investors Ltd. (Venture Capital) 801,311 4.62% Terry Tyrell 703,915 4.06% EDIT NOT MUCH OF A FREE FLOAT IT SEEMS George Yancopoulos 656,166 3.78% Herald Investment Management Ltd. 642,000 3.70% Harwood Capital LLP 604,500 3.48% Read Full Thread Reply
Posted at 17/2/2023 16:07 by pugugly SI? Is that Armchair Investor? If so what is your view of them - If you cn say? Thanks in advance- Read Full Thread Reply
Posted at 17/2/2023 14:41 by scepticalinvestor FWIW:Water Intelligence grows revenues through drought, flood and freezesBy James Coffey10th February 2023Related Topics: AIM stocks, Water Intelligence [LON:WATR], The industrials sector*Water Intelligence [LON:WATR] is a little known, but high quality business trading under the banner of American Leak Detection (ALD) in the US. Listed on the UK's AIM market, this small cap is the leading North American provider of minimally-invasive leak detection solutions, allowing for non-destructive remediation of residential and commercial water faults. Earlier this week (7th February), Water Intelligence provided an encouraging trading update for results in 2022. We take a closer look below.Whether the economic environment is good or bad, property owners will seek to fix a destructive leak quickly, and for the most part be insensitive to prices, given the emergency nature of Water Intelligence's call outs. With revenues of USD71.3m, up by 31% last year, 2022 has proved no exception to this rule for the company, as a tailwind of strong demand for its services, combined with some bolt-on acquisitions during the year supported strong total growth for the business. In terms of profitability, the group delivered 20% growth in adjusted EBITDA to USD12.3m and adjusted profit before tax grew 12% to USD7.8m.Franchise operationsAmerican Leak Detection, the group's core business, operates predominantly as a franchise business across North America, however Water Intelligence owns a select number of ALD operations that contribute to the group P&L.This centrally-owned revenue stream has been a large focus for the company in recent years as the priority has shifted to re-acquiring attractive ALD franchises, and rolling them into the core group. Accounting for over 60% of group revenue, Water Intelligence's owned ALD operations grew revenues by 48% in 2022, or by 25% on a same provider basis two acquisitions accounted for a significant portion of growth in the segment.Looking at the overall network sales, which records sales for both Water Intelligence's operations and ALD franchisees, this revenue figure was up by 10.5% to USD168m from USD152m the year prior. Whilst this level of growth will keep franchisees on-board, it is also positive to see the outperformance of the centrally owned operations with ongoing growth rates of 25%.International progressThe group currently has a multinational presence through its UK-based Water Intelligence International (WII) subsidiary, to which the group is in the early stages of expanding. WII focuses largely on public sector solutions whilst also maintaining residential and commercial offerings.In 2021, WII expanded its addressable market by re-acquiring franchisee operations in Australia and in Canada. In 2022, revenues from the company's international arm grew a modest 9% to USD6.7m.Patrick DeSouza, the company's executive chairman said in a statement: "As we head into 2023, we are positioned to better meet growing market demand with scalable operations and an ability to provide our customers with added solutions for their water and wastewater problems. With increasingly adverse climate conditions whether droughts, freezes or flooding our customers need us more than ever."Long-term strategy2022 has provided another strong result for the company, alongside more than a decade run of compelling performance, driving shareholder returns to date to over 700% since listing in 2010.The company is clearly exposed to significant long term tailwinds with water scarcity and environmental factors at play, but also has a very ALD franchises. Given the company already has a high degree of visibility into franchisee operations, such bolt-ons make a great, low-risk fit for the parent group.During the full year update, the company showed this strategy is still on full display, as they announced the re-acquiring of the Nashville, Tennessee franchise. The acquisition cost the company USD3.25m compared to USD2.4m in Nashville revenue and USD550,000 in profit before tax, valuing the bolt-on at roughly 6x PBT. Considering the parent company is currently valued at a multiple of 14x PBT, one can see how these bolt-ons are highly likely to create shareholder value.Not only are these bolt-ons very good value, but there is also a significant runway ahead for the company in terms of re-acquiring such opportunities, as the graph below will show that currently only less than 30% of ALD total network revenues are attributable to the parent company. Also of note, total network sales have also grown by 68% from 2018, as the parent company has added franchise territories, recruited technicians and expanded the sales force. This shows Water Intelligence has not only taken a larger share of the market, it has done well to expand it too.Source: Company Annual ReportsDeSouza said: "....by selectively converting ALD franchises to corporate-operated locations. Such re-acquisitions of franchisee operations enable some amount of the approximately USD100m in highly profitable franchisee sales to end-users, currently recorded as royalty income, to be converted to the group's direct P&L"SustainableWater Intelligence delivered another set of strong results in 2022, underpinned by strong demand from customers and through thoughtful M&A of its existing franchisee operations. With a market capitalisation of just over GBP100m, the business isn't well known to UK investors, however, with a strong track record of growth, a balance sheet with net cash and a founding shareholder owning 29% of the equity, it should certainly be on the watchlist of those looking for quality growth companies.The shares are now down 55% from heights seen in 2022, which has brought the valuation of this small business back to reality. At approximately 24x forecast earnings in 2023, the shares are worth buying. The company opened trading on 9th February at 580p, and has offered a year-to-date return of -11.1%, a one-year return of -38.8% with its shares ranging between 550p to 960p over a 52-week period.Like this article? Sign up for a free email subscription to our regular newsletter.Your email addressJOINThis article does not constitute investment advice. Do your own research or consult a professional advisor. Read Full Thread Reply
Posted at 14/8/2022 10:22 by johnkidd1 Only 4.5 million shares out of 17 million issued not held in long term investment vehicles. Probably another 2 million held in private investors accounts long term.Makes for quite a tight market. Recently decent rises on daily volume of 5 to 10000 shares traded. Read Full Thread Reply
Posted at 26/7/2022 09:33 by adrian j boris Should You Be Adding Water Intelligence (LON:WATR) To Your Watchlist Today? Simply Wall St 11 July 2022·3-min read In this article: WTLLF 0.00% The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. In contrast to all that, many investors prefer to focus on companies like Water Intelligence (LON:WATR), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. Check out our latest analysis for Water Intelligence How Fast Is Water Intelligence Growing? If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Water Intelligence's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 51%. That sort of growth rarely ever lasts long, but it is well worth paying attention to when it happens. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. EBIT margins for Water Intelligence remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 44% to US$55m. That's encouraging news for the company! Are Water Intelligence Insiders Aligned With All Shareholders? It's pleasing to see company leaders with putting their money on the line, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. Shareholders will be pleased by the fact that insiders own Water Intelligence shares worth a considerable sum. Indeed, they hold US$30m worth of its stock. That's a lot of money, and no small incentive to work hard. As a percentage, this totals to 27% of the shares on issue for the business, an appreciable amount considering the market cap. Is Water Intelligence Worth Keeping An Eye On? Water Intelligence's earnings per share have been soaring, with growth rates sky high. That sort of growth is nothing short of eye-catching, and the large investment held by insiders should certainly brighten the view of the company. The hope is, of course, that the strong growth marks a fundamental improvement in the business economics. So at the surface level, Water Intelligence is worth putting on your watchlist; after all, shareholders do well when the market underestimates fast growing companies. We should say that we've discovered 3 warning signs for Water Intelligence that you should be aware of before investing here. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a free list of them here. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. Read Full Thread Reply
Posted at 11/7/2022 08:19 by waldron PROACTIVE Jamie Ashcroft 07:52 Mon 11 Jul 2022 Galliford Try to boost water business with MCS Controls Systems acquisition “This acquisition is an excellent strategic fit with our enlarged water business," said chief executive Bill Hocking Galliford Try Holdings PLC - Galliford Try to boost water business with MCS Controls Systems acquisition Galliford Try Holdings PLC (LSE:GFRD) has agreed to acquire MCS Controls Systems to bolster its environmental and water business. The company detailed the acquisition - for which it is paying a nominal £1 fee – of Coventry-based MCS, which has 81 employees. It told investors in a stock market statement that MCS is “an excellent fit” and the deal is consistent with the firm’s sustainable growth strategy. MCS's capabilities are complementary to its expanding environment business and also complements the previously acquired NMCN and Lintott Control Systems businesses, it added. “I am delighted to welcome the employees, clients and suppliers of MCS to Galliford Try,” said Galliford chief executive Bill Hocking. “This acquisition is an excellent strategic fit with our enlarged water business, brings highly complementary capabilities into the group and advances our sustainable growth strategy." MCS generated some £10.1mln of revenue in 2020 (its most recent published financial results) to incur a £500,000 loss and at that time it had £2mln of net assets. In order to acquire the business for the nominal £1, Galliford is to fund certain contractual liabilities incurred prior to the completion date of the acquisition to strengthen MCS's balance sheet and provide additional operational stability. Read Full Thread Reply
Posted at 29/6/2021 06:46 by maywillow Why some of the world’s biggest companies are increasingly worried about water scarcity Published Tue, Jun 29 20211:23 AM EDT Sam Meredith @smeredith19 Key Points In a research note published June 14, analysts at Barclays identified water scarcity as “the most important environmental concern” for the global consumer staples sector, which includes everything from food and beverages to agriculture and tobacco. Sustainable investors, meanwhile, seem to be prioritizing other environmental concerns. “Water scarcity is really important because when it runs out you have really serious problems and because of its low price, it is one of those classic externality risks,” Beth Burks, director of sustainable finance at S&P Global Ratings, told CNBC via telephone. Read Full Thread Reply

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