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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Waterlogic | WTL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 147.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 147.50 | 147.50 |
| Top Posts |
|---|
Posted at 10/1/2014 11:19 by rivaldo That's interesting Simon - a good find. One would have thought this was pretty material to WTL and should have been RNS'd?They'll presumably have to make a provision for it in the forthcoming results, which may cause a warning against expectations. Another reason for me to remain on the sidelines here. |
Posted at 05/11/2013 11:44 by simon gordon Does anyone know if Proactive get compensated by WTL for the video and text coverage? |
Posted at 16/9/2011 05:26 by cnx thanks, rivaldoi agree with your figures. WTL does look expensive. from the website, they appear to be mostly in developed countries, with a start up in manufacturing planned for china.in developed countries they aim to replace the bottled supply. i don't think the product/concept will prevent others competing easily. mains connected water dispensers are in many "mom and pop" stores and at road junctions in thailand. and are labelled "UV" and "reverse osmosis". the water quality provided is very good, machines are coin operated, cost about 400 pounds each. i will follow but no plans to invest in WTL at this time i am interested in following water stocks, and hold AFS and HALO |
Posted at 15/9/2011 10:03 by rivaldo Hi cnx, I saw your post on the PIM thread.The interims were reasonably good, especially given the comments I noted in the thread header post. However.... Take the £140m m/cap and strip out say £30m net cash post-IPO gives you £110m EV. WTL made $5.6m EBITDA in H1, so double that up and you get $11.2m, or around £7m EBITDA for the year. On £110m that's a ratio of 15.7 - pretty expensive in this market, and certainly a premium rating. Net income for H1 was just £1.5m.... WTL looks a quality business, but I just can't bring myself to invest at these ratings! Certainly until it's proved itself properly anyway. Or until it makes a large and heavily earnings-enhancing acquisition from its cash pile. |
Posted at 14/7/2011 14:38 by rivaldo This is a thread to enable me to keep an eye on this new IPO.It looks too expensive for me to invest in, but is still an interesting company. WTL floated on AIM on Monday 11th July at 145p. At 170p it now has a m/cap of £130m or so, but it only made £7.1m EBITDA last year to 31/12/10, and a PAT of just £2.17m. It has high depreciation and amortisation charges, but also high capital expenditure of course on new water coolers. Crucially, there is this interesting paragraph in the full prospectus which somehow got missed out of the AIM listing RNS: "11. Current Trading and Prospects Relative to the last financial year, revenues and gross profit have grown since the year end and the Group's inventory has increased to reflect increased sales expectations for the current financial year. Since year end, earnings have been lower than the prior year, principally due to an increase in costs relating primarily to investment in staffing. However, taking into account this result, and the prospects for the Group for the second half of the current financial year, the business is currently trading broadly in line with the Directors' expectations for the financial year ending 31 December 2011." Here's the AIM admission RNS: And an earlier, more complete RNS: Web site: "To be a leading international manufacturer and distributor of superior quality point of use water dispensers, and to lead our chosen markets by providing drinking water expertise, innovation, excellent service and customer support." |
Posted at 27/8/2008 12:40 by mongrels1 I've also had contact with WTL management and they told me that results were likely to be this week. No precise date was given.They also implied that they wouldn't be reporting any further bad news than was outlined in their profit warning. Whilst I hope that this is the case, they have often said things to me on the phone and then subsequently done or reported something completely different. One thing that is clear when you talk to them is that the management are completely brassed off with being on a quoted market. |
Posted at 30/1/2008 18:06 by kenatbabken Not very clever paying 10% more than valuation with commercial property valuesfalling but it is a related party transaction with the seller being Michael Lawrence who owns 59% of WTL |
Posted at 19/6/2007 22:52 by nurdin A very good mate of mine who is in the kitchens business and who has regular dealings with WTL says he is very busy...and is having to turn down work.Did someone mention recession? lolExpect a bullish outlook statement from WTL imo |
Posted at 16/5/2007 14:56 by sheik yerbouti Maybe worth posting this again from Daniel Stewart a few weeks ago:Following a deep and unwarranted depreciation in its stock value over the past few weeks, Waterline issued a reassuring statement yesterday, highlighting that FY07 results (March year-end) would be in line with revised expectations, showing PBT of £1.8m. The PBT figure implies EPS (45% tax rate) of 7.3p, placing the shares on a multiple of just 9.0x for the year just-ended. We are leaving our FY08 forecast unchanged (10.3p EPS), driving a prospective earnings multiple of 6.4x. * The management has confirmed with us that the historic cost overruns (relating to Coolectric) announced in March 2007 are now behind them following a partial reorganisation of the group's logistical operations. * On a prospective multiple of 6.4x and offering a dividend yield of 5.0% (FY08E),we rate Waterline as a Buy and retain our 110p price target. |
Posted at 15/5/2007 10:57 by ptolemy Given the lack of interest here, I spent some time going over my own assessment of WTL. Still think the market has got this wrong.Historic PE of 8 and I beleive they will hold the dividend to at least the 2006 figure which gives a yield of 4.3% for year just ended. Higher tax rate and contract overrun are the negatives for the 2006-07 year just passed. But given the growth rate and strengthing of the logistics mgt announced by WTL management, these seem to be appropriately managed. Continued strength in refurbs and acquisitions point to continued good growth figures in 2007-08. CR - are you still in these? |
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