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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 Shares Traded Last Trade
  55.00 8.59% 695.00 37,948 15:58:17
Bid Price Offer Price High Price Low Price Open Price
690.00 700.00 695.00 640.00 640.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 24.40 1.78 8.82 82.2 123
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:23 O 564 690.50 GBX

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Date Time Title Posts
07/3/202108:53Water Intelligence - The Long Story578
22/6/201712:22Water intelligence (post QTI)159

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DateSubject
07/3/2021
08:20
Water Intelligence Daily Update: Water Intelligence Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker WATR. The last closing price for Water Intelligence was 640p.
Water Intelligence Plc has a 4 week average price of 490p and a 12 week average price of 490p.
The 1 year high share price is 695p while the 1 year low share price is currently 252.50p.
There are currently 17,634,784 shares in issue and the average daily traded volume is 15,750 shares. The market capitalisation of Water Intelligence Plc is £122,561,748.80.
07/3/2021
08:53
effortless cool: Some good questions there, Smithie. faz has picked up on 1 and 2. You will find more information on the Plain Sight relationship in the notes to the full report and accounts. Corporate governance is certainly a weak area for WATR and, for many, this is, quite validly, sufficient reason not to consider investing. Regarding the repair work (point 3), when this comes through the national insurance arrangement, this is a centralised function that WATR then allocates to the relevant franchisee and WATR then get a share of the revenue. On point 4, WATR use licensed technology, I don't think that they actually own any of it. It does take skill to use this stuff, however, and they train their franchisees. Regarding adding franchisees (point 5), this does happen from time to time, with the cost reflecting the opportunity in whatever territory the franchise covers. It is not a material income generator, however. On 6, they didn't use to do any of that in the USA but have a UK subsidiary that specialises in municipal work. They are now marketing these solutions in the USA. On franchise reacquisition (point 7), these have been happening for several years now and I am not aware of any issues with the seller competing against the old franchise. In most cases, I believe, they either keep working for WATR or just want to cash out. The sale is always the whole business. faz - I'm still a very happy holder here!
06/3/2021
17:25
faz: Smithie - point 2 is the reason I decided to sell though I'd clearly have been better off for holding on! It's a one man party and governnance is an issue- De SOuza is the executive chariman of a very small Board http://www.waterintelligence.co.uk/corporate-board-and-governance/. According to Bloomberg he is CEO of Plain Sight Group. In the past the compnahy sold franchises - they have competitors. For the last there years they are buying them back. This boosts revenue of course but they do appear to be building profits. If I was in now I'd get out - the share has doubled since September when the p/e was already a strain. If Effortless Cool has been cool he now has a £500k stake here! Well done to him :)
06/3/2021
14:02
smithie6: this share is definitely moving I don't know if anyone has the time to answer these questions 1) The boss Souza has any part of the biggish shareholder Plainsight ? 2) Souza seems to repeatedly get big pay offs by selling new packages of options/shares.....sometimes for getting involved in bank loans that he gets the PLC takes out !! (ie. he makes the decision for the PLC to do something that has a special clause of benefit just for him !) a) are these excessive b) are these normal or justafiable, I have never seen such deals 3) if add repair work to that of leak detection a) will the franchise cost be increased & will ppl pay it ! b) if the franchisee is sent in to do leak detection (& Watr gets 10%), if he then gets a repair contract or other contract it will be direct & not via Watr, so will Watr get 0% from rpoair contracts ? 4) is any equipment propietary just to Watr or are the products fairly standard & acailable to anyone, without having to sign up aa a franchisee 5) how much is the lump sump payment to Watr to become a franchisee, and/or the lump sump to invest in equipment etc ? if it is a big amount, is that a block to growth ? 6) the main operators in this general sector are imo involved in attending to blocked drains, mostly blocked sewers using high pressure pumping of water, & big long pipes on a drum & a sizeable truck with a pressure generator etc these are in every town, & always have work does Watr do any of that ? are they competition for finding water leaks or blockages in sewers ? 7) buying back of franchises a) is the seller blocked from competing ? (if not then the buy back looks like a terrible deal b) does the sale include the premises, vehicles, equipment of the seller, client list ?
02/3/2021
09:45
hsduk101: Looks like some good news with the 2 additional contracts Water intelligence has won. Share price is rocketing. Any news on what the contracts were and value?
01/3/2021
09:22
effortless cool: Potentially an important RNS for WATR this morning. https://www.investegate.co.uk/water-intelligence--watr-/rns/two-insurance-national-account-wins/202103010700086038Q/ Whilst adding yet another national insurer to its roster is obviously great news, it is the extension of an existing insurer relationship to cover repair work that is perhaps more significant. Surprisingly, to my mind, the WATR franchise network was established to do detection work only - no repair. Some franchisees extended their scope to cover repair work, but this was not the core franchise offering. Thus, extending scope from detection to repair gives the opportunity for material growth to come from within the existing franchise framework. After all, who is the most natural choice of tradesman to repair your water leak than the one who has just detected it?
06/1/2021
09:03
effortless cool: Yet another franchise reacquisition announced today, and a big one this time. $2.7m revenue and $0.8m PBT at a cost of between $5.0m and $5.5m. Assuming 25% tax, the purchase price is at a PE ratio of about 9. That's more than they usually pay, but still by no means expensive, especially as Seattle does seem a quality franchise. Neither WH Ireland nor Dowgate have revised forecasts on this news, but both have indicated that they are likely to do so when the 2020 FY trading update is issued (10 Feb last year).
14/12/2020
07:56
metis20: hTTps://www.londonstockexchange.com/news-article/WATR/franchise-reacquisition-addition-to-msci-indices/14790929 4Q, much like 3Q, has been marked by strong results. Executive Chairman, Dr. Patrick DeSouza commented: "We are planning on finishing 2020 in very strong fashion. Each quarter this year, we have challenged ourselves to exceed the previous quarter in terms of performance despite the challenges presented by Covid-19. We provide valuable solutions for water and wastewater infrastructure and seek to help lead efforts for the Green Economy. We are also pleased that building on the Green Economy Mark which we received from the London Stock Exchange in 3Q, we have now been added to the MSCI World Micro Cap Index and other MSCI indices. We look forward to the process of building a valuable company.
27/10/2020
20:23
thewheeliedealer: Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes WATR which I hold myself. We also chatted about loads of other Stocks and Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing which this week included the concept of ‘Badwill’ and a lot on how we seek out ‘under the radar’ stocks. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 34) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-34-how-to-find-winning-stocks-ixi-g4m-rmg-sdi-rec-elix-gsk-ai
22/10/2020
08:37
effortless cool: Another positive announcement from Water Intelligence (LON:WATR) this morning, having signed up a further national insurer for their services. The first of these national insurer contracts was signed in 2017 H1; this is now the fifth such arrangement and the second of 2020 H2, indicating that their investment in Salesforce workflow management technology is paying rapid dividends. Interestingly in that regard, the RNS also tells us: "in addition to the formal nationwide account structure, the Company is continuing to grow its base of insurance customers across the US at local levels". These local (usually state-level) insurers have significant market share in the USA, so this is an important market to capture, too. The insurance business is lower margin than direct business but is, in my view, key to maintaining rapid growth and further strengthening their national stranglehold on leak detection.
12/3/2019
08:49
someuwin: WHIreland... WATR is a leading and geographically diversified specialist in precision, minimally-invasive leak detection and remediation in both drinking and waste water. Technology-led, the business uses solutions such as infra-red and acoustics and continues to expand its technology offering – a key differentiator against typical support services companies. The business has been a consistent performer with a history of delivering and exceeding expectations, although the share price, latterly, has marked time. WATR has today reported an FY18A PBTA result which is a 14% beat to expectations; and while the rating could be seen as high in the context of Support Services, the valuation should be seen in the light of similar franchise businesses and technology-led companies, reinforced by strong structural growth characteristics (see below). Strong results disclosed this morning show FY sales growing 44%, demonstrating growing momentum and ahead of the already strong Q1-3. No one-off, this continues an accelerating and compounding trend over the past three years, which we expect to be maintained. Insurance channel sales have nearly doubled and this momentum notably shows every sign of carrying on, opening up a very large US market in which WATR remains the only national player. The differentiated model – advanced technology integrated into multiple and efficient delivery channels – offers meaningful opportunities, while selective franchisee reacquisitions are also adding to the growth momentum and optimising the group’s capital structure. Positive update highlights value This morning’s update highlights the strength of revenue growth in FY2018E, at 44% overall, showing that the momentum continued to accelerate in Q4 after the business posted 40% YoY revenue growth in Qs1-3. Net cash was an upside surprise at $US2.5m (vs. $US0.2m expectation). The shares remain well below their recent highs of 450p and share price targets in the market of 425p previously were based on forecasts prior to this morning’s upgrades. Corporate stores grew 72% YoY This morning’s update shows Q4 corporate store (self-delivered) growth accelerating from already strong H1 levels (+47%). While abetted by reacquisitions, this level of growth also demonstrates the internal momentum in the business. Revenue and profit opportunities Growth is both organic (underlying), as the new insurance channels deliver, and proactive, with WATR driving profits on the back of selective acquisitions of its franchisees, while still increasing royalty income. With a massive market to penetrate, as a national organisation, WATR is able to cross-sell effectively. Fundamentals are strong, with US insurers paying out $US13bn for leaks in ’17, while WATR’s royalty stream is effectively perpetual. We expect 24% earnings growth in the coming year before further reacquisitions. Unique and successful model provides distribution platform WATR operates a successful model bringing together diagnostic technology and service delivery while operating alongside stores where it is its own provider (“corporate221; stores) and a >100 franchise national US network. Valuation / upside We expect today’s good update to be followed by further encouragement when WATR reports FY2018E in detail; we expect strong proactive and reactive growth and hence share price upside. We expect continued reacquisition news, as well as further commercial partnerships, giving upside to forecasts. In addition we note the strong perpetual royalty stream which underpins a SOTP / DCF-based, fair value estimate of approximately 475p, approximately 50% upside on the current price.
Water Intelligence share price data is direct from the London Stock Exchange
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