Water Intelligence Share Discussion Threads

[effortless cool] 01/10/2019 07:40

Further to PJ0077's post 475:

The amortisation rate in 2019 H1 was 6.3%. This compares with 6.6% in 2018 H1. Over the last six periods since 2016 H2, the amortisation rate has varied between 6.1% to 6.7%. Thus, the current rate is unremarkable, with the small reduction since the prior period relating to the greater level of trademarks in the intangible asset mix. Trademarks are amortised over a longer period - 20 years - than other intangible assets.

Therefore, PJ0077's claim that the interims are "a work of fiction" is based on a total false premise that merely serves to highlight his/her complete inability to understand accounts.

[metis20] 01/10/2019 06:10

Today's Share buyback RNS

Water Intelligence plc (AIM: WATR.L), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water, announces that on 30 September 2019, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 5,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 277 pence each (the "Transaction").

As noted in the 1H Interim financials, the Company's organic cash flow has grown and it remains confident about sufficient capital available on its balance sheet to execute its growth plan. As a result, the Company plans to continue to buy back shares as opportunities arise. The board will explore a more defined program prior to year-end.

[the oak tree] 30/9/2019 11:27

Thanks guys for the explanation. Just looking.....

[effortless cool] 30/9/2019 10:33

The Oak Tree - the following is taken from the header:

"Water Intelligence came to the Aim market in 2010, through a reverse takeover of Qonnectis plc. Its principle asset is the American Leak Detection (ALD) business, which it operates on both a franchise and corporate-owned basis".

Qonnectis was operating in the area of water-related technology, so there was a sensible rationale as to why WATR would have picked it as the vehicle to gain its quote.

[silverfern] 30/9/2019 10:16

Oak Tree, you could ask the same for most FTSE 100 stocks as they earn most of their income abroad. I guess thats why the index goes up when the £ falls. AIM is an attractive exchange for smaller companies. WATR evolved many years ago out of Quonnectis plc and they had the UK listing.

[jaf111] 30/9/2019 08:32

Happy with the results...no nasties AFAICS, and the LT story / attractions remain.

Mr market has reacted positively this morning, so hopefully the share price will recover from its recent weakness in the coming weeks......

[the oak tree] 30/9/2019 08:03

I'm not a holder but have a quick question: why is this listed in the UK when most of the business is USA based. Surely a US listing would make better sense?

GLA

[silverfern] 30/9/2019 07:40

ED has said it already. You are cherry picking- the diff in administrative intangibles is $3000; note it relates to administrative expenses, not the intangibles associated with acquiring and running the franchises.

[expletive deleted] 30/9/2019 07:36

Perhaps you should attempt to develop some basic knowledge of accounting before you try to opine on them in future.Goodwill does not get amortised.

[pj0077] 30/9/2019 06:53

Today's Interims are a work of fiction - DeSouza would be better suited working alongside JK Rowling.For example, Goodwill & other intangibles ROSE by 49%, yet amortization of intangibles actually FELL.This is what can happen when a company has no Finance Director & instead has one man acting as Chairman/ CEO/ Chief Operating Decision Maker.

[jaf111] 25/9/2019 20:41

Yes indeed Shanklin........hopefully no nasties in the ‘pipeline̵7;

[shanklin] 25/9/2019 16:53

...and the over subscribed placing at £3.70

[jaf111] 25/9/2019 14:53

The interims cannot come too soon......
Very surprised by the continued weakness in share price - down from over 400p since May despite positive trading update.

[silverfern] 23/9/2019 13:40

well at least the mms have closed the spread to get some kind of market going.

[la forge] 12/9/2019 07:44

Shanklin
12 Sep '19 - 07:10 - 466 of 469


cheers and thanks

have a good one

[shanklin] 12/9/2019 07:35

BTW, because of the exercise of options RNS'd on 30-Aug-19, AIUI H1 results will be issued on 27 or 30-Sep.

[silverfern] 12/9/2019 07:00

Cheers, helpful as ever Shanklin

[effortless cool] 12/9/2019 06:49

Thanks, Shanklin, that is helpful.

[shanklin] 12/9/2019 06:10

La Forge

Having been in contact yesterday with WATR, Alliance News are 100% incorrect in stating that:

'As part of the investment, Water Intelligence will grant a royalty-free global licence to Entertainment AI "for the field of use of sustainability and home services audiences in respect of water and infrastructure".'

Specifically, my understanding is that as well as taking a percentage stake in the newly set up company, WATR have the right to use EAI's technology to help sell anybody's products in the "field of use of sustainability and home services audiences in respect of water and infrastructure". "Royalty-free" means that as and when WATR achieves a sale, WATR can take the cut its agreed with whoever's product it has sold and there will not be any obligation for WATR to pay anything to EAI.

The EAI technology is apparently very clever in terms of directing people doing searches to videos that will facilitate sales through WATR.

FWIW, I only contacted WATR for clarification because IMHO this part of the RNS is very unclear.

[la forge] 11/9/2019 17:51

Water Intelligence Invest In Nascent New Blockchain Worldwide Business

Wed, 11th Sep 2019 18:09
Alliance News

(Alliance News) - Water Intelligence PLC on Wednesday announced an investment and licencing partnership deal with soon-to-be-formed Entertainment AI PLC, currently named Blockchain Worldwide PLC.

Shares in Water Intelligence closed down 7.3% at 285.00 pence in London.

Earlier on Wednesday, Blockchain Worldwide PLC reported it is buying artificial intelligence firms Entertainment AI Inc, GTChannel Inc and Tagasauris Inc for a total all-share consideration of GBP12.9 million. The trio of firms - known as the Entertainment AI Group - are involved in data analytics and artificial intelligence services.

Blockchain Worldwide also reported it would change its name to Entertainment AI PLC on closing the acquisition, and launched a GBP8.6 million share placing.

Later on Wednesday, leak detection and remediation firm Water Intelligence said it will invest GBP415,000 in Entertainment AI PLC as part of the placing once the newly-named enlarged firm is admitted to AIM.

As part of the investment, Water Intelligence will grant a royalty-free global licence to Entertainment AI "for the field of use of sustainability and home services audiences in respect of water and infrastructure".

Under the deal, Water Intelligence will obtain rights - including a board observer and information rights - provided it holds at least a 2% stake in Entertainment AI.

Sumitomo Corporation of Japan will also be a strategic investor and have a preferred licence.

[zipstuck] 11/9/2019 16:23

In the last trading statement in August they referred to the product launch with Sumitomo in Q4. This is timed for the launch with Sumitomo also investing.

[shanklin] 11/9/2019 15:12

From what I can gather it is intended to provide an additional route to market for WATR.



Given the serious legal background of the other three directors, one might hope that this is not as bad as it sounds.

[effortless cool] 11/9/2019 15:12

It makes a tangled web more tangled.

I'd be happier if they just stuck to finding and fixing leaks.

As you say, however, there is not a big sum involved.

[silverfern] 11/9/2019 15:05

the amount being raised for the new company is small, tiny really. It provides an additional profile thats all, and it cements the relationships that already exist between companies that have mutually beneficial goals but are each spending (or maybe wasting) money on proposing the same thing. By each pooling a small investment and getting buy in from institutions to finance the rest seems to me sensible. WHy do you see that as negative?

[glaws2] 11/9/2019 14:55

Tis difficult and it all sounds a little grubby.