Water Intelligence Share Discussion Threads

[silverfern] 27/11/2019 09:43

Given the share price is flat vs May 2018 this is looking like a good entry/top up point given today's assurance. Revenue likely to come in at $33-34m so EC's figures in the header look a fair reflection of where we are.

[adrian j boris] 27/11/2019 07:03

RNS Number : 7681U

Water Intelligence PLC

27 November 2019

Water Intelligence plc

Trading Update Regarding Sales Growth Milestone

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 is pleased to provide a trading update through the end of October with respect to a year-to-date sales growth milestone.

We report that once again we have surpassed the prior full-year revenue result earlier than expected. Through the end of October, we achieved $27.5 million in revenue which stands significantly ahead of the full year 2018 result of $25.5 million. Profit before tax (statutory and adjusted) remains comfortably in-line with expectations for full year 2019.

We are especially pleased to produce these strong top and bottom line results while re-investing during the year in three new lines of business for our next five-year growth plan which begins in 2020: (i) on-line product sales for water leak monitoring and water quality; (ii) proprietary sewer and wastewater technologies and solutions to supplement our leading clean water leak detection technologies and solutions; and (iii) cross-sales of our UK municipal solutions into the US. These initiatives will reinforce our growth trajectory.

Commenting on the Group's update, Executive Chairman, Dr. Patrick DeSouza remarked: "We are delivering on our objectives and we remain ambitious. While surpassing the sales milestone is important, we seek to finish the year strongly and to set even higher near-term targets than expected. We and our franchisees believe in the importance of our mission to provide technology solutions to water loss - a big issue facing the world. Our level of execution and strong market demand for water infrastructure services globally enable us to accelerate our next five-year growth plan. Given our existing sales footprint in the US, UK, Australia and Canada, we remain confident in our ability to leverage our brand."

[effortless cool] 01/11/2019 08:10

Header updated with new forecasts reflecting the predictably good, if not predictably timed, q3 update.

[shanklin] 28/10/2019 12:38

Or the placing price of 370p

[jaf111] 28/10/2019 10:57

Good to see the TS and share price moving up....but still disappointed / surprised that not challenging levels in July (350p+)....

A little more patience required!

[zipstuck] 28/10/2019 10:20

Q4 looks promising

[shanklin] 28/10/2019 08:36

LOL, well done EC.

[effortless cool] 28/10/2019 08:11

Okay, it definitely will be in October, then.

[silverfern] 28/10/2019 08:10

Hopefully these figures will now assure the market. And they did come out earlier than in previous years! so well done all who bought in the recent trough.

[effortless cool] 17/10/2019 09:25

You're quite right, silevrfern, maybe I'm being optimistic. However, the 2017 q3 update was on 2 November and the 2019 q2 update was on 7 August (equivalent to 7 November for q3).

They are frustratingly erratic with these timings, so we'll just have to wait and see. (It definitely won't be in October, however, contrary to the implication of my post 496).

[silverfern] 17/10/2019 08:36

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

[effortless cool] 14/10/2019 09:59

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 07:16

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

[shanklin] 09/10/2019 13:20

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 12:20

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 10:44

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 10:34

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 10:28

Big fall. Any obvious reason anyone know?

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

Header updated to reflect 2019 H1 results.

[fastbuck] 04/10/2019 08:39

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 08:14

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

[effortless cool] 01/10/2019 08:04

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 07:48

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