Water Intelligence Share Discussion Threads

[silverfern] 07/3/2018 12:48

2m share placed in less than an hour and PIs buy....7k and someone sells. Well 3k of those were me, topping up. This company is going to fly now, there's enough in the detail to suspect there's plenty of growth lined up

[masurenguy] 07/3/2018 08:27

RNS Number : 9407G
07 March 2018

Water Intelligence PLC Proposed Fundraising and Acquisition

Water Intelligence, a leading provider of non-invasive leak detection and remediation services, today announces that it proposes to raise approximately £4.2m in an oversubscribed placing and subscription through the issue of an aggregate of 2,171,320 new ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") (including the issue out of treasury of 151,184 Ordinary Shares) at a price of 195 pence per Ordinary Share (the "Issue Price").

The use of proceeds advances the Company's growth plan and builds upon the strong 2017 revenue and profits as disclosed in the Q4 Market Update announced 14 February 2018. As part of this announcement, capital formation includes non-dilutive capital for the growth plan added from an expansion of the debt facilities and positive effect of the Trump tax changes.

The proposed fundraising (the "Fundraising") comprises a placing (the "Placing") of 1,846,154 new Ordinary Shares ("Placing Shares") to raise £3.6m and a subscription (the "Subscription") of 325,166 Ordinary Shares (including the issue of 151,18 £P0.6m. In addition, Patrick DeSouza, executive chairman of the Company, intends to exercise 300,000 options over Ordinary Shares ("Exercise Shares") and sell these at the Issue Price to meet demand from investors (the Placing Shares, Subscription Shares and Exercise Shares, together the "New Ordinary Shares") (the "Share Transaction"). Michael Reisman, a director of the Company and Laura Hills, a newly appointed director of the Company intend to purchase newly issued Ordinary Shares through the Subscription. David Silverstone, a director intends to sell 38,500 Ordinary Shares to incoming investors at the Issue Price for tax purposes. In addition, Mr. Silverstone shall be moving to a non-executive director status and John Weigold shall be moving to an executive director status. Further to the announcement of 14 February 2018, the Company now confirms the appointment of Ms. Hills as a non-executive director and a change in Robert Mitchell's role from non-executive director to an executive role as Chief Strategy Officer of the Company's new renewables subsidiary.

The Company has also entered into an agreement to purchase the American Leak Detection franchise based in Louisville, Kentucky; further details of which are below, and has increased its committed working capital debt facilities from People's United Bank, N.A. ("People's") to a total of $2.0 million of which $1.75 million is currently available. This debt facility is being guaranteed by the Company's executive chairman, Patrick DeSouza, and as such, he will receive 750,000 Partly Paid Shares in recognition of the more favourable terms available to the Company made possible by his guarantee of this new line and additional draws from other existing debt facilities such as the acquisition line of credit for franchise reacquisitions.

Summary of the proposed Fundraising

-- Fundraising of approximately £4.2m at 195p per Ordinary Share
-- Oversubscribed Placing of 1,846,154 Ordinary Shares at the Issue Price to raise £3.6m with UK institutional investors

-- Subscription of 325,166 Ordinary Shares (including the issue of Ordinary Shares out of treasury) to raise £0.6m

Use of Proceeds

o Working capital for growing all business lines to meet market demand and build on 2017 sales and profits before taxes adjusted growth of 45% and 21% respectively, announced 14 February 2018

o Finance the acquisition of the Louisville, Kentucky franchise

o Provide additional working capital for further identified acquisition opportunities

o Working capital for new products, especially to enhance its insurance channel, and advance its Flo Technologies partnership announced 10 January 2018

[silverfern] 07/3/2018 07:58

And this news is really something....

[masurenguy] 26/2/2018 08:16

Small, but potentially significant, new contract news !

26 February 2018
Water Intelligence plc

New Contract for Sydney Corporate Store

Water Intelligence is pleased to announce a contract between our Sydney, Australia corporate location and Hunter Water Corporation, a state-owned water company. The multi-year contract should add at least $300,000 AUD to our already growing location's sales for 2018 with similar amounts expected over each of the next two years. There are also opportunities to increase the scope of work and income to the Sydney operation. This contract is an illustration of both Water Intelligence's multinational growth strategy and its increasing ability to unlock cross-sales opportunities across corporate, franchise and municipal lines of business. The contract with Hunter Water continues the momentum for layering-on of municipal work to American and Australian Leak Detection locations after the 2016 acquisition of NRW, a UK-based municipal leak detection business with multinational execution experience.

[bones] 14/2/2018 21:19

Encouraged by this conclusion to the update:"Our plan, now that we have all the business lines in place and growing profitably, is simply to scale by doing more of the same unlocking significant shareholder value."

[bones] 14/2/2018 15:55

Thanks EC. It sounds like they know what they want to achieve, even if it is in jargon!

[effortless cool] 14/2/2018 15:34

Welcome to the board, bones. Hopefully you'll be frying fish here too, soon.

In the context of your "wider story" comments, the initiation of a "renewables product solution" (whatever that actually means) and the shift of a non-exec to an executive position as "Chief Strategy Officer of the renewables line" is interesting and encouraging.

[bones] 14/2/2018 15:16

Thanks for the summary, EC.

This has been on my watchlist since the 120p area but I have been frying tasty fish elsewhere to great benefit! But, now, I have entered the fray here with an initial 7,500 at approx 204p.

The update has confirmed an ongoing story with ebullient noises emanating from the top (which appears genuine rather than rampy). The main attraction though is the wider story of water preservation and how this is becoming an essential need of humankind the world over combined with the cash savings available in the developed world. In other words, this industry can only grow. I am trusting that this management grabs this opportunity with investors in mind and in tow.

[effortless cool] 14/2/2018 13:58

A very encouraging q4 update this morning that seems to show opportunities being grasped successfully and to introduce no new negatives. Revenue was above my (deliberately conservative) projections, and that will drive my valuation up somewhat. I am going to hold off doing a full model update until the results are issued in May, however.



Paul Scott provides an excellent assessment of the trading update, along with new broker forecasts, in today's SCVR.



He correctly highlights the risks involved in investing in small, illiquid companies. For me, however, this is one of the attractions of this share.
- Its smallness means that there is potential for it to 10-bag yet still be a small-cap.
- Illiquidity will benefit holders if and when the market notices the growth story here and rerates accordingly.

The annuity-like contribution from the franchise business leaves me confident that Water Intelligence (LON:WATR) will survive any economic downturn. With only surplus funds invested, I feel able to ride out any adverse consequences of illiquidity, in the strong belief that the underlying value of the shares will persist even if the price, for a period, does not.

[someuwin] 14/2/2018 08:33

Fantastic!

[meganxmas] 14/2/2018 08:16

Cracking update

[from8to800] 14/2/2018 08:15

Two words come across from the report: growth and acceleration. Happen to be my 2 favourite words. Glad I hold.

[zipstuck] 14/2/2018 07:29

20% gain in USD not in £

[silverfern] 14/2/2018 07:25

all right!

[silverfern] 06/2/2018 17:58

I hope they DON:T publish anything while this US led nonsense is going on!

[effortless cool] 03/2/2018 21:05

WATR published a q4 update on 9 Feb last year, so I am hoping for similar this week.

[masurenguy] 10/1/2018 10:03

"I trust when they say they will "offer complimentary services", they actually mean "offer complementary services", otherwise we are on the fast track to bankruptcy!"

LOL - too true but Americans often can't spell "proper" English !

[effortless cool] 10/1/2018 09:18

Gives some nice context to the deal with flo. However, I trust when they say they will "offer complimentary services", they actually mean "offer complementary services", otherwise we are on the fast track to bankruptcy!

If it does take off, it may make sense for WATR to buy flo down the line.

[billbyrne] 10/1/2018 08:14

RNS not showing on ADVFN yet so posted below

RNS
RNS Number : 3688B
Water Intelligence PLC
10 January 2018


AMERICAN LEAK DETECTION AND FLO TECHNOLOGIES PARTNER TO BRING END-TO-END SOLUTION TO RESIDENTIAL WATER LEAKS
Smart home leak detection system helps prevent $9 billion in damages using advanced and proactive technology and machine learning while saving on insurance and utility bills
Los Angeles - January 7, 2018 - American Leak Detection (ALD), America's leading and most respected pin-point leak detection specialist company and subsidiary of Water Intelligence plc (AIM: WATR.L), a leading provider of precision, minimally-invasive leak detection and remediation solutions for residential, commercial and municipal customers across the U.S., UK, Australia and Canada, has today announced a strategic partnership with Flo Technologies, Inc. to provide distribution, pin-point leak detection and repair capabilities for its Flo smart home water security and conservation system.
Available in February 2018 priced at $499, Flo is a proprietary water monitoring and shut-off system and first device on the market to sense water flow rate, temperature AND pressure as well as use machine learning to help identify and prevent major leaks before they occur. Its partnership with ALD provides Flo with the ability to offer customers installation and repair capabilities when issues are detected, making it the first end-to-end solution for home leak detection, able to prevent, detect and repair faulty plumbing all while saving money and the environment.
The combination of technology and services provided between ALD and Flo Technologies is a first for the industry. ALD and Flo Technologies will be partnering to offer consumers and insurance providers a one stop capability for the purchase and installation of Flo with proactive maintenance of home water systems. This formula has the exciting potential to drastically reduce the $9 billion of loss in the U.S. resulting from water damage, while saving billions of gallons of water.
"We are excited to partner with Flo Technologies to take our Group's range of minimally invasive technology solutions to the home market with Flo, and to be Flo's exclusive service partner for pin-point leak detection. Our strategic vision is to shape the future of residential engagement with water loss - an objective shared by the insurance industry and one that our business-to-business channel initiated in a focused way last year," commented the Chairman of Water Intelligence, Dr. Patrick DeSouza.
"We have developed Flo to be the most advanced home water security and conservation system on the market and the fact that ALD, the most respected name in the business, has chosen to exclusively partner with us is a huge validation of our system," said Gabriel Halimi, CEO and Co-founder of Flo Technologies. "Through ALD's network of over 1,000 plumbers servicing over 200,000 homes, Flo has a readymade footprint from which to expand and can offer complimentary services to ALD, resulting in earlier detection to homes across America, Canada, Australia and the UK."
Flo's technology and approach differs from other systems in the following ways:
· Preventative Technology - Most systems use point moisture sensors or basic water metering technology limited to flow to detect leaks after-the-fact, while Flo measures all vital characteristics in real-time, including water pressure, temperature and flow rates in the water system to detect vulnerabilities and prevent damage.
· Multi-Sensor Approach - Flo is the only system to monitor water pressure, which is both a cause of damage and the only way to accurately detect leaks as small as a drop or two per minute.
· Learning Algorithms - FloSense™ machine learning technology personalizes Flo's conservation and security monitoring to the individual home.
· Proactive System-wide - Unlike a multitude of individual point moisture sensors that have to be placed in perceived trouble areas, a single Flo device works throughout the home. Its Microleak™ technology proactively checks for the smallest vulnerabilities anywhere in the home water system.
· Water Shut-off - If something critical happens, Flo can alert users and stop the water with or without their input. Shut-off can be automatic or enabled remotely after an alert.
· Visible & Invisible Waste - Can detect visible water wastage such as toilets running as well as invisible ones like leaks behind the wall.
· Repair Diagnostics - Flo can connect users to plumbing professionals while providing plumbers advanced diagnostics of potential problems - saving time and money.
· Conservation - Flo continually learns and shows usage patterns in real-time. Users can check their current water usage, compare historical patterns, and set and monitor conservation goals.
· Insurance Discounts - Insurance companies are already offering discounts on premiums making Flo self-funding over time. Some users are already receiving a $700 discount on annual premiums.

"With 13 percent of a home's water lost to leaks and $9 billion paid out in water damage each year, Flo is a game-changer for the home. Rather than waiting for a water catastrophe to strike, Flo proactively monitors the water system to find vulnerabilities before they cause damage," said Halimi. "After nearly 10 years of development, we are excited to bring Flo to homes across America and proud of its potential to make an impact on our users, plumbing professionals and insurance companies as well as our most precious resource, water."
Flo is available for purchase now on its website and will begin shipping in February. Priced at $499, Flo is cheaper than other systems despite offering vastly more features. Flo will also be available nationwide through its partnership with American Leak Detection, which will also be selling and installing Flo throughout its North America network. For further information visit www.meetflo.com
-ends-
Amerrical Leak Detection Contact
Lisa Keeton
VP, Sales and Insurance Partnerships
[e-mail]
(760)-399-7187

Flo Technologies Contact
Ian Twinn / Tandem Marketing Communications
[e-mail]
[phone]

[dozey3] 10/1/2018 07:59

Announces exclusive deal with FLO which sounds exciting. Must go and buy another shed load. Or is it just too good?

[silverfern] 09/1/2018 17:50

nice volume today - regardless of price movement, volume is key. THe more fluidity the better for holders and the more new holders

[silverfern] 09/1/2018 17:50

nice volume today - regardless of price movement, volume is key. THe more fluidity the better for holders and the more new holders

[effortless cool] 04/1/2018 09:13

The top five P&C insurers in the USA are (based on 2015 GWP):


1. State Farm
Direct Premiums Written: $59.361 billion
Market Share: 10.09%

2. Allstate
Direct Premiums Written: $30.18billion
Market Share: 5.13%

3. Berkshire Hathaway
Direct Premiums Written: $29.967 billion
Market Share: 5.09%

4. Liberty Mutual
Direct Premiums Written: $29.848 billion
Market Share: 5.07%

5. Travelers
Direct Premiums Written: $23.2 billion
Market Share: 3.94%

[masurenguy] 04/1/2018 08:27

Looks like my recent modest entry level investment here was very well timed ! :-)

[silverfern] 04/1/2018 08:25

From FEB 2017: the signing and launch of the Company's first formal national contract with one of the top 5 insurance companies in the US......during 2016 the Company processed through a pilot channel approximately 1500 jobs amounting to approximately $500,000.

TOday's annoucement : "During 2017 approximately 35,000 jobs originated from this (the above) central channel." Some impact!

SO you can double that with this additional contract now.