Hand sanitizer and surface cleaner company Byotrol had a strong 2020 and are confident about 2021 Watch Now
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Nice results for you Jange, I will add this to my 'should have held list' ......
It does explain the strong share price of late.
Good one for your pension pot my friend.
The potential growth here is massive...as i have said before this is one of the best stocks on AIM for sure keeps on giving..
Back to £4 very soon.....
Sorry i cant help you... haven't managed to attend the meeting this year due to covid but i will be on the case...
Jange, do you know what they agreed to at the agm? I have not been able to find anything on what the resolutions were.
Last year they were talking about having a larger buyback but they needed share holder approval (which they were going to ask for this year) .
There is typically a resolution to give them the option to purchase some for treasury (like last year), but this is not a substantial amount.
RNS Number : 4321V
Water Intelligence PLC
07 August 2020
Water Intelligence plc
("Water Intelligence" or the "Company")
Transaction in Own Shares
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 6 August 2020, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 29 July 2020, the Company purchased 2,500 ordinary shares of 1 penny each ("Ordinary Shares") at 324 pence (the "Transaction").
The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 172,500 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,899,871 shares (divided into 14,699,871 Ordinary Shares not held in treasury, which are admitted to trading on AIM and entitle the holder to one vote per Ordinary Share; 2,200,000 B Ordinary Shares of 1 penny each which are not admitted to trading on AIM, but do still entitle the holder to one vote per ordinary share, but carry no economic rights) which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules......
That rns is worth a little rise this morning...
Mon, 27th Jul 2020 07:00
RNS Number : 0139U
Water Intelligence PLC
27 July 2020
Water Intelligence receives London Stock Exchange's Green Economy Mark
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce that it has been recognised by London Stock Exchange as contributing to the global green economy.
The Group has received London Stock Exchange's Green Economy Mark ("Mark"). The Mark identifies companies that derive a significant amount of their sales from green economy products and services. Water Intelligence has been dedicated to providing minimally-invasive technology-based solutions to homeowners, property management, insurers and municipalities to address issues of clean water loss and sanitary overflow of wastewater.
The current importance of safeguarding our water infrastructure is underscored by two systemic realities facing our world: first, Covid-19 highlights the importance of "essential services," such as water security, as citizens "shelter-in-place"; and second, the consequences of climate change - droughts, sanitary overflow from storm run-off, burst pipes from flash freezing - increase the price of water and make manifest the need for more effective infrastructure solutions.
The Green Economy Mark, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of London Stock Exchange's Main Market and AIM that are driving the global green economy. Its underlying methodology incorporates the Green Revenues data model developed by FTSE Russell.
Executive Chairman, Dr. Patrick DeSouza, stated: "We are proud to have received London Stock Exchange's Green Economy Mark. The designation enables Water Intelligence to better communicate its green credentials to investors and other stakeholders. We have achieved an outstanding five-year compounded annual growth. We are also on a mission to provide private sector leadership for the important public good of water security. We look forward to the future as we roll-out our next line of products for sewer and wastewater diagnostics and for irrigation management."
Denzil Jenkins, Interim CEO, London Stock Exchange plc said:
"We're delighted to announce the 2020 group of companies and funds that have received the Green Economy Mark. There is growing investor demand for actionable climate and environment-related financial information, with global asset allocations to green and sustainable finance increasing each year. The Green Economy Mark underlines London Stock Exchange's commitment supporting issuers and investors in the transition to a greener economy."
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Auth
Very much so...one of the best run companies on AIM for sure......
Doing very well.
Good luck monkshood hopefully will see you back in the future...
Very happy with the results today. Its all about expansion now.
Whilst the headline results look OK, I have taken the opportunity to exit my holding in this today.
Although net cash was 2m at year end it reduced to -0.3M after the first quarter (previous rns).
I was also concerned why they would need a gagging order re- intangible following a dispute with an ex-franchisee. There may be a good reason, such as valuations when negotiating to take other franchises back in house, or information about the customer base, but I can also think of some less good ones.
Good luck with your holdings here, I may return in the future, after another set or two of results, as all things to do with water will be important going forward.
‘During 2019, a claim was brought against the Company by a former franchise owner which was settled subsequent to the end of the year in February 2020. The parties agreed to an adjustment to the original purchase price for the reacquisition for the franchise. In addition, among other items, the former franchise owner agreed to a covenant not to compete and an extension of confidentiality over intangible assets of the Company in perpetuity’
Group Results Highlights
· Revenue growth once again strong at 27% reaching $32.4 million (2018: $25.5 million)
o Total franchise System-wide sales (franchisee gross sales from which royalty income is derived) and corporate-operated sales of approximately $125 million
o Sales footprint across the United States and in UK, Australia, and Canada creates distribution platform for matrix of residential, commercial, and municipal products and solutions
· Profit before tax growth exceeds revenue growth at 34% reaching $2.4 million (2018: $1.8 million)
o Profit before tax adjusted for non-core costs (non-recurring, amortization, and share-based payments) grows 34% to $3.4 million (2018: $2.5 million)
· EPS (fully diluted) grows 22% to 11.1 cents (2018: 9.1 cents)
· Balance sheet strong at 31 December 2019
o Cash: $5.3 million
o Cash net of borrowings: $2.0 million
Another positive update....and good to see this franchise was coping well in these current conditions good luck all...
Financially, for full-year 2019, Minneapolis generated approximately $985,000 of sales and $315,000 of pre-tax profits. Through Q1, the team in Minneapolis has successfully navigated the Covid-19 crisis and is on-track to produce similar strong results in 2020 for the Group's P&L. As noted in our recent Q1 Update, demand for the ALD's water and wastewater infrastructure services remains strong in that such solutions are considered "essential services" as homeowners "shelter-in-place." The purchase price for the reacquisition which includes all assets to conduct operations (trucks, equipment etc.) is approximately $1.3 million to be paid evenly over four years.
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "We seek to distinguish ourselves among companies operating in the Covid-19 marketplace. We plan to accelerate our growth plans during Q2 given our success in navigating during Q1. Global market demand for solutions to water loss from leakage and to health issues from failing wastewater infrastructure is strong and continues to grow.
We are continuing to execute our proven growth plan of (i) gaining national accounts to scale our sales footprint, (ii) reacquiring franchises selectively to add operational and financial scale and (iii) introducing new technology-based products to leverage our market-making capabilities. We look forward to working more closely with the team in Minneapolis to realize accelerated growth.
Water Intelligence plc
Reacquisition of Minneapolis, Minnesota Franchise
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce the reacquisition of its Minneapolis, Minnesota franchise ("Minneapolis") within the Group's American Leak Detection subsidiary ("ALD").
Minneapolis is a significant reacquisition that enables the Group to add further scale to Water Intelligence, both operationally and financially. The acquisition is accretive to shareholder value and builds on a long-term growth strategy that over the last five years has produced compounded annual growth of 35% in terms of revenue and 33% in terms of profit before taxes.
Operationally, the Group seeks to reinforce ALD's brand leadership across the United States. ALD operates in 46 states of the United States and generates over $125 million in sales to third parties. Its solutions are delivered by franchise locations and corporate locations operating under the same brand.
Franchise reacquisitions in strategic locations facilitate the Group's ability to grow regional geographies faster through more centralized marketing and management. Operationally, the reacquisition of Minneapolis creates a corporate base in the Upper Midwest region of the United States. The current franchise team will be staying in place to grow the business faster with additional working capital. Minneapolis also provides the Group a regional hub to cross-sell solutions from its UK-based municipal business to ALD's customers. During 2019, the Group executed several significant municipal contracts in the Upper Midwest.
I assume that the reason for the reduced cash is the accelerated spend on their new sewer tech which has been brought forward to cope with the demand due to covid (previous rns).
My only reservation, as has been pointed out elsewhere, is that net cash is decreasing every quarter - it would be nice to have a bit more detail as to why.
Agree the move back up to £3 range will come.....good luck.
I am happy with this. It seemed to have been overlooked so for the past couple of weeks I have been taking profits from some other holdings and moving them to watr. Hopefully will see it rise back over 300 quite quickly.