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One for the bottom draw assuming that growth doesn't stall.
Seems there is no support for anything , and I am guessing a lot of smaller investors are emptying out their savings to stay afloat.
The correction here has been brutal and as seen elsewhere, even with supportive results the sp falls.
The chart offers little in terms of support so it’s hold and hope as the small growth stocks continue to get hammered. Sad to see
Reassured by these results. I had emailed them to query the $150 statement and had not received a reply and so was wondering if the numbers were going to be lower than they actually are.
Communications to retail investors from some of these aim companies can be really poor, I have often received a better responses from much larger companies.
New products should pick up traction too.
Certainly look solid, double digit growth on some indicators.
Solid set of results.
Growth has slowed, but profit and eps up nicely.
They seem to be growing a solid business .
Growth on all indicators with strong profit growth.
Should see us move back up to something more respectable.
Very happy with these results.
It’s all about credibility and the CEO’s methods in play of supporting his tech company. Ok, to have synergies, but directly using WATR to support that company with WATR tech will raise eyebrows.
Nice £20k buy at the end, possibly see some movement north now leading upto results?
A share bottoming out just before expected good results. These will do me.
Possibly Looking at a quicker gain elsewhere, disappointing at these levels as a decent growth company.
Well support gone. I am underwater on this one now. Anyone know a company I can call?
Seriously though this has been losing traction for awhile and we are now relying on good financials and even then I have seen the market react negatively.
I am buying at this sp. Way too cheap for a growth stock.
I liked this statement from May, could we see better results than expected?
For 2H 2023 and 2024, we are focused on delivering the benefits of investments made in prior years to reinforce our long-run growth trajectory by: commercialising new technology solutions for our customers; hiring and training more technicians to meet market demand; and completing implementation of the leading customer relationship management system to automate operations, support scaleability and enhance data security.
I think it started with around a £0.5M investment in 2019. I remember not being over impressed with the cross company funding at the time.
Thanks for pointing that one out
I didn't realise we were part invested in Seeen.
Sahreholders in Seeen
Water Intelligence plc* 5,938,366 (6.4%)
Funny you should mention that Monkshood.
I was trying to unpick the numbers this morning in order to compare the $150 m and found myself totally confused.
I feel it was as much a plug for SEEEN's Technology day this week as for Watr..... The CEO of Water is also the Chair of SEEEN (which watr invested in some years ago).
What caught my eye was the $150M , I thought we were above this value but it is hard unpicking exactly whether the $165 mentioned at year end is the same .
'2022 Network Sales (direct corporate sales and indirect gross sales to third parties from which franchise royalty is derived) grew 11%, reaching approximately $165 million (FY 2021: $148.5 million)'
WII looks to contribute around $7M which would be on top of the $150 M mentioned this time (which was for the US alone), but I find trying to unpick the numbers, particularly the headline one confusing .
Can anyone shed further light on this?
Yes agree about the financials of the new products, looking forward to next week.
As stated we are positioned well in the market, I also like the reacquisitions of the franchises.
I tend to agree. I think they would of been better off not mentioning the values of sales at this point it detracts from their main message about the future benefits.
From the last financials we got everything was lined up for growth but I too don’t like a ‘fluff piece’ just before financials.
I am a staunch supporter of the board and particularly the CEO. This company is positioned in a great market with a strategic investment plan ready for fruition. We need to get through the next few months.
A drop below 400 would be concerning chart wise so let’s hope it holds and the interims mirror expectations
I am not sure if I see it specifically as a negative Craig.
The sales in those new products so far are fairly irrelevant in the big picture, and lets hope they amount to something.
Its more likely to be a lacklustre update with a bit of jam thrown in (Hence the new product jam tomorrow mentions).
We will know next Tuesday and I would love to be surprised to the upside.
I don’t see it as a negative it wasn’t a trading update, it was an announcement of new products plus results date. Despite the macro uncertainty I am expecting decent results.
It concerns me when an update goes on and on about wonderful new products which have yet to sell in decent quantities.
And when 100k becomes .1 million, it feels like they are trying to dress mutton as lamb..
Anyway, I hope my spider senses are incorrect and the update is good when we get it.
Commenting on the Group's New Technology Product Update, Executive Chairman, Dr. Patrick DeSouza remarked:
"Our core business - American Leak Detection - is in a unique strategic position to create a true distribution platform for services and products. We have a sales footprint across the United States with approximately $150 million of annual gross sales in the US and growing, with national insurance channels and service calls to over 200,000 homes each year.
Most importantly, we address the first question that homeowners have along their customer journey to address all of their respective water and wastewater infrastructure needs: 'Do I have a leak and can you find it with minimal damage?' While on the job site to solve this first question with our proprietary minimally-invasive technology solutions, homeowners often ask our technicians for additional technology solutions to remediate or prevent other related water problems. To address these additional customer needs, we have previously invested in the technology products described today. The commercialisation results indicate that they will add to our future growth. Moreover, with our video ecommerce offering and Salesforce CRM software, we will also be able to work with third-party product partners to help customers in real-time while on the job site by offering more solutions, thus enabling continuous customer engagement which increases the lifetime value of each customer.
Given our initial success in terms of sales and the data showing the value that these offerings bring, we will accelerate the roll-out of these new offerings as part of our 2024 sales plan, reinforcing our technology leadership for transforming the delivery of water infrastructure solutions."