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WATR Water Intelligence Plc

-10.00 (-2.41%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Water Intelligence Plc 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
  -10.00 -2.41% 405.00 400.00 410.00 417.50 405.00 415.00 7,934 14:53:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Processing,data Prep Svc 71.33M 3.67M 0.2112 19.18 70.3M
Water Intelligence Plc is listed in the Cmp Processing,data Prep Svc sector of the London Stock Exchange with ticker WATR. The last closing price for Water Intelligence was 415p. Over the last year, Water Intelligence shares have traded in a share price range of 312.00p to 447.50p.

Water Intelligence currently has 17,358,688 shares in issue. The market capitalisation of Water Intelligence is £70.30 million. Water Intelligence has a price to earnings ratio (PE ratio) of 19.18.

Water Intelligence Share Discussion Threads

Showing 1151 to 1171 of 1175 messages
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There is a really detailed and in-depth write up by The Oak Bloke on twitter, if anyone is interested.
professor x
I forecast down 6.5%, so not far off. Franchisees and overseas were spot on. Corporate-owned were a little lower than I had expected. Overall q1 revenue $0.3m below my forecast, so a small disappointment on revenue. PBT and net cash pretty much in line with expectations.
effortless cool
Franchise related sales down 12%. Was that expected? Shares down a bit so guess market was hoping for something better.
its the oxman
EC:- Thanks for that - Makes sense for the company but possibly not for the franchisee.

I would say they are an early-stage franchising company, late-stage operating company.

By that I mean that they let franchisees build the brand in a territory and then look to bring that franchise in-house once it is established.

This strategy derisks their territorial expansion and let's them prioritise refranchising in territories where there is the most benefit/potential.

effortless cool
I wish they could make up their minds as to whether they are a franchising organisation or an operating company - Seem to change their direction every month.
Reacquisition of Fresno, California Franchise

Sale of New Franchise in Albany and Saratoga, New York

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 two transactions: the reacquisition of its franchise in Fresno, California and the sale of a new franchise for Albany and Saratoga, New York, both within the Group's American Leak Detection ("ALD") subsidiary.

the grumpy old men
Looks like the share price has bottomed out. The share price should be rising every year to match the high growth.
Why the sudden rise here?
The company has been making steady progress.

In the long term the investment in training and R&D should have a big long term payback. There is a determination to greatly increase work for insurance companies.

All looks ok to me, no nasty surprises.

All headline numbers were positive. Revenue during 2023 grew 7% to $76.0 million (2022: $71.3 million). Statutory Profit Before Tax grew 13% to $6.2 million (2022: $5.5 million). Adjusted Profit Before Tax grew 12% to $8.7 million (2022: $7.8 million). Statutory EBITDA grew 7% to $11.8 million (2022: $11.1 million). Adjusted EBITDA grew 9% to $13.4 million (2022: $12.4 million).

Margins improved despite continued inflation in the US. Adjusted PBT margins increased to 11.5% (2022: 10.9%); Adjusted EBITDA margins increased to 17.7% (2022: 17.3%).

In terms of market capture, network sales (direct corporate sales and indirect gross sales to third parties from which franchise royalty is derived) grew approximately 3%, reaching approximately $170 million (2022: $165 million).

The balance sheet as at year-end 2023 remained strong, thus maintaining capacity for capital to be allocated to growth investments in 2024. At 31 December, the Group had cash of $15.8 million and Total Debt (Bank Debt and Deferred Payments for Acquisitions) of $22.8 million. Hence, the Group's Net Total Debt to EBITDA ratio was 0.60 and Net Total Debt to Adjusted EBITDA was 0.53. With our conservative balance sheet position, we continue to have "dry powder" to make investments during 2024 to further grow our business.

Those big contract wins should see large increases in business in the near future.
Water Intelligence PLC National Insurance Wins
01/02/2024 7:00am
RNS Non-Regulatory

RNS Number : 6145B

Water Intelligence plc is pleased to announce that since the beginning of 2024 it has signed two national contracts, which launch on 1 February, between its American Leak Detection (ALD) subsidiary and top-tier national insurance companies in the United States.

ALD provides insurance companies and their loss adjusters with a trusted solutions partner with operational coverage across the United States.

ALD uses its proprietary technologies to pinpoint water leaks and minimize collateral damage claims for residential and property management end-users.

These contracts reinforce ALD's brand leadership in providing solutions for water-related claims, which is one of the largest source of claims in the US home insurance market.

One contract is a multi-year expansion of an existing national contract which includes both a price increase for ALD's value-add service offerings and the provision of automated data analysis from the Group's customer management implementation.

With the addition of such data analysis from its secure cloud-based environment, ALD is uniquely positioned to provide significant value to insurers across the United States.

The other contract is a new national contract with one of the leaders in the high-end residential market.

ALD is uniquely positioned to deliver custom results given its minimally-invasive approach to pinpointing and repairing water leaks.

For this segment of the market, ALD will not only deliver water and wastewater solutions and data regarding its premium services but also follow-on products for the smart home via its video ecommerce applications.

The Group will release a Full Year 2023 Trading Update during the week of February 12.

Executive Chairman, Patrick DeSouza commented: "We are delighted to kick-off 2024 in strong fashion and to reap the benefits of prior technology investments that we have made in systems, proprietary diagnostic tools and follow-on offerings.

We have a large addressable market to capture."

The statutory PBT for 2022 was impacted by the cost of the salesforce implementation. It's unclear when the booked those costs but my guess is that they did at the year end.
There is quite strong revenue seasonality on the US franchise business, with q4 being the lowest revenue quarter by some margin. This could well feed down to q4 being loss-making.
effortless cool

Looking at Watr for the first time. Quick question for holders:

- the Dec TU said that statutory PBT for the yr to Oct grew from $6.1 in 2022to $6.8m
- However statutory PBT for 2022 closed at $5.5m i.e. $600k lower than the yr to Oct.

Is there any seasonality here such that its loss making in Nov/Dec?



21 December 2023

Water Intelligence plc

Expansion of Credit Facility

Water Intelligence plc (AIM: WATR.L) (the "Group" or "Water Intelligence"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce that it has agreed with M&T Bank to expand its credit facility for acquisitions.

Reinforcement of Growth Strategy

The Group recently provided a Trading Update on 5 December 2023 in which it expressed a favorable outlook for 2024 and beyond. It also highlighted current investments to support organic growth, such as a state of the art training centre in Connecticut to meet market demand for its solutions including anticipated demand from additional national insurance contracts.

The Group also noted that it had a strong balance sheet with cash and cash equivalents of $17.2m (at 31 October 2023) and a relatively low degree of leverage, enabling it to pursue accretive acquisitions to complement organic growth. The Group's Net Debt (including all bank debt and deferred consideration) to Statutory EBITDA TTM ratio at the end of October was 0.58. To further enhance its capabilities for a strong 2024, the Group announces today an expansion of its credit facility to make available $5 million. Even with an additional $5 million deployed, the Group would still have a conservative position in terms of leverage.

Highlights of Enhanced Credit Facility

-- Increase Acquisition Line of Credit by $5 million (the "Facility")

-- When amounts are drawn from the Facility, the loan amount converts into a 5-year term loan ("Term Loan")

-- Interest rate on the Term Loan is a floating rate that is capped at 8% through the use of a customized financial product; moreover, if market rates decrease during the 5 year period, then Water Intelligence gets the benefit of a reduction of the interest rate for the underlying loan.

-- Cost of capital for the facility is kept at the lowest level relative to overall market conditions

Commenting on the Group's facility, Executive Chairman, Dr. Patrick DeSouza remarked:

"We look forward to a strong 2024 as we have significant available capital to deploy for increasing shareholder value. We appreciate the help of M&T Bank to structure a facility that helps us manage our cost of capital to the lowest level relative to the market."

Why the sell off ?
its the oxman
In main for those interested in water
Hi giibs1 - Why is the Total article relevant to #WATR Water Intelligence?
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