Water Intelligence Share Discussion Threads

[silverfern] 17/10/2019 09:36

Good timing EC. Last year's Q3 update was in December; you reckon sooner?

[effortless cool] 14/10/2019 10:59

Okay, I've cracked and added another 11,600 shares, ahead of what I expect to be a good q3 trading update in a couple of weeks. In particular, I anticipate that the trading update will drive a broker upgrade.

[shanklin] 11/10/2019 08:16

Buyer's strike? Looks very cheap to me on reported financials. Presumably the governance issues are taking their toll.

[shanklin] 09/10/2019 14:20

Effortless Cool,

ROFL, it was only 5k shares in all.

MrsS would be very surprised to hear it being suggested that I had the power to move anything :-(

Bit of a pain as they are very cheap IMHO but I want to build a position in CAPD and having mostly funded this by the sale of other shares and using the cash I had in my account, reducing my high weighting here seemed the least bad of the available decisions.

[effortless cool] 09/10/2019 13:20

Texas-Caddy - the new shares related to the exercise of options (see earlier in the same RNS).

Shanklin - you evidently have a large following and the power to move markets.

[shanklin] 09/10/2019 11:44

FWLIW I did sell a few in the first hour or so after the open to help fund a purchase. That seems to have precipated other selling.

[texas_caddy] 09/10/2019 11:34

Not sure Smart Money though lots of jitters about just now.

I may be missing something obvious but anyone closer to this have any idea why they issued equity per RNS note on Mon 7th Oct?

From RNS:

Application will be made to the London Stock Exchange for a total of 60,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 11 October 2019. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

[smartmoney100] 09/10/2019 11:28

Big fall. Any obvious reason anyone know?

[effortless cool] 07/10/2019 08:09

Header updated to reflect 2019 H1 results.

[fastbuck] 04/10/2019 09:39

I see investors Champion have re-hashed a previous article and said valuation is bonkers.They then say it's trading on a P/E of 19.5 for 2020 which is just around the corner. They ignore the organic growth of the underlying franchisee business, the insurance contract growth, the new insurance & home contracts, the turn-around and acceleration of the older corporate operations that are now showing much higher margins (purchased in 17/18) whilst questioning why they are acquiring other franchise businesses despite proving this both grows the pie and allows the company to retain more of the profits the operation generates. Also ignores the municipal businesses in US & AU which are only modest but have great prospects with new products like Orca.I see the company likely to grow nicely in all channels for years ahead with profits likely to follow as they scale, the story has just begun.

[jaf111] 01/10/2019 09:14

Yes....agree with this
Will await your model update
Thanks!

[effortless cool] 01/10/2019 09:04

JAF111,

No surprises - everything had been well-signalled in previous updates. I'm working on my model update and will post a proper response when done (the weekend, at the latest).

But happy overall.

[jaf111] 01/10/2019 08:48

Ignoring the dross, how do you see the interims EC?
You normally have views......

[effortless cool] 01/10/2019 08:40

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 07:10

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 12:27

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

[effortless cool] 30/9/2019 11:33

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 11:16

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 09:32

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 09:03

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 08:40

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 08:36

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 07:53

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 21:41

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

[shanklin] 25/9/2019 17:53

...and the over subscribed placing at £3.70