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Was this insane forecast before a share split?
24-Mar-22 RBC Capital Markets Outperform - 1,560.00 Reiteration
The shares are held in Treasury not based on an opportune purchase based on price but to cover upcoming share awards to WATR employees.
It is a shame you missed point but if you want to add your words of wisdom on the company please do.
@Zinky
Spot on, the thought of a trade in 500,000, given the pitiful turnover in this counter, makes me wonder what Taser is smoking, as I'd like some please...
A 500 buy, sets a marker and is justified. Previously WATR. has purchased shares in treasury and then sold them for a profit or serviced other requirements. The message is more that WATR is ready to purchase when it considers an effect price can be enacted.
Your joking right? 5,000 shares not 500,000
Water Intelligence this morning announced it has bought 5000 shares. Very pleased with this. It shows confidence and not raising money by selling shares like some companies.
Strange share this one.
The share price movement is one of extremes either down for weeks at a time or up. No middle ground. And it seems unrelated to wider market movements or industry news.
The company fundamentals are solid. The investment from the last 2 years should start to come through this year. All looks good except the share price. Confident this will turn around.
It's not surprising why a lot of stocks are moving away from the UK.
Just failing to catch a break here. Very hard to discern why this consistent fall based on trading patterns. Certainly one to test an investors resolve. Let’s hope they complete plans to boost their online presence this month. A sign the for sale sign is going up?
Agree with everything said.
Profits growing nicely; debt very much under control; and in a sector which has to have a great future.
Do not quite understand why it is so obviously unloved.
Can only wait patiently for sentiment to change.
Most growing companies issue shares like they are going out of fashion.
This is growing organically double digit and the banks are willing to give them the odd small loan which is good on our part. Only 17 million shares in issue. This share will hit the £16+ at some point. I've no doubt about that.
The only negative I could see was the mention of the benefits of lower investment costs on the saleforce implementation being seen H2 2024. I could of sworn they said the same thing about H2 2023 previously.
However, it is so disheartening and frustrating to see companies meeting market expectations and getting punished. Where is the investor premium for taking on risk set at? Is the uk market broken?
Holding and envisage large gains but you can’t fight market trends. Hopefully some sanity will come back to the UK market place. It is a good company with good margins and growth in a market that can only grow. I suppose we wait for the sales pipeline update but hoping against hope this shifts to its rightful price after a very long and painful wait.
CEO, I completely agree with you yet the SP is lower today.
An overlooked & undervalued stock IMHO
Double digits profit growth. Great company.
Https://www.lse.co.uk/rns/WATR/full-year-trading-update-s522ft63pxc4ad5.html
Results tomorrow?
'Water Intelligence plc is pleased to announce that since the beginning of 2024 it has signed two national contracts, which launch on 1 February, between its American Leak Detection (ALD) subsidiary and top-tier national insurance companies in the United States'
Nice to see some expansion and probably explains the sp increasing over the past couple of weeks....
Taser
I agree with you, I recall that the CEO has a large stake hinself and the institutional investors look good, various specialists in small cap stocks & a small cap video puff I saw very recently mentioned them saying that the CEO never bothers to promote the company but may well look to sell as he could be retiring soon, not sure how true that is but the lack of divis doesn't bother me, many US growth stocks pay no divis & prefer to reinvest.
I'm attracted to this because of the sector, WATR's value to the sector and the general lack of competition allowing it to build up strength & coverage.
The fact that they are using profits to buy back areas from franchisees also encourages me as that should mean greater profit sooner rather than later.
Hi,
Thanks for the response but I don’t necessarily agree. If the company wants to use profits to reinvest and grow to meets its potential market I have no concerns. It is the returns on this investment I am looking to see this year. Will the Saleforce integration and funding of a central hub pay off? Hopefully so.
Once fully established and conquered their market place then sure dividends sound like the right place to go but keeping debt down and reinvesting in a growth market is by no means a negative for Watr.
A new investor presentation would bNot go amiss with updated projections post qtr 1
Taser.
If there is no profit distribution through divi, what is the point in owning a share. Divis drive long term sp growth. In a chat, the CEO told me the company has no plans to award divis. One day he will learn. One metric for buying shares is P/E ratio. P/E here is not great. If P/E sees low values, a buy indicator, with no prospect of divis, it's a BOD life style company. Many cos have very low p/e, but sp remains stagnant with no divi policy.
This share really does test my limits!
WATR stated that the benefits of a rather long and costly investment programme would shine through from H2 2023. The integration with Salesforce software was then later stated to be complete 1st qtr 2024. The market need to see tangible returns on the investment as it seems there is some doubt as to its effectiveness.
To me the financials look good and the industry sector pretty much recession proof. Obviously as an investor I see a lot of upside this year but it is hard to ignore the extreme trading patterns - days of falls and rises with little discerning market news.
They seem very quiet on contract news and self promotion and yet the CEO comes across very well. It just seems many old holders jumped ship with trailing stop losses with big gains but the potential is still here to be realised.
Anyone any thoughts?
Underlying Profits increased over 1 million to over 7 million.
" weeks ago, I had an email xchange with DeSouza. He offered a tel. call, I said it was not necessary. He only contacted me by email after I had left 3 messages on the 'contact form', and in the last mail, said I could wait, and raise my questions at the next AGM. PdS replied the same day.
The bones of the exchange, were, IMO, the Co was a BOD lifestyle company, and It should have a defined Dividend policy, which is the prime mover of sp.
His reply was that there is no divi policy and the company is a growth entity, and resources will be used that way.
It was a pleasant enough exchange, but we agreed to disagree. I sold out.
Good luck all.
It is interesting to note this is a 10 month update rather than a Q3 as is typical.
The profitability is there, but as you say the growth rate is not. Marginally ahead of the last Broker forecast so nothing to shock the market either way.
Lets hope they land the new contracts they mention next year.