Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Biden spending 100s of billions on water infrastructure.
Share price bouncing back up strongly today.
So we did a share buy back last year for £2.77 put them in treasury and then sold them to an investor for £6.55.
That is amazing business.
What a journey weave been on here,in twelve months sp has practically trebled what an investment its been for me personally and many others here,and may it continue.
4p dividend would be good and move the SP up too I imagine. A sign of confidence in the future. Good reaction to results and insurance/Texas news but was off the radar pre the results. 40% appreciation
When the full year’s results are released in May what are the chances of a maiden divide?
With stable growth, limited competition, secure debt and a thriving insurance input stream all looking good. Roll on £6.
Perfect results.
//www.lse.co.uk/rns/WATR/2020-full-year-trading-results-pdmr-dealing-qe7ql672pb7fm5g.html
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 reacquired the Seattle franchise of its American Leak Detection ("ALD") subsidiary.The reacquisition is the largest franchise reacquisition to date and strategic in tying together different growing business segments and creating efficiencies. The transaction is accretive for shareholders and, combined with the December reacquisitions of New Orleans, Louisiana and Melbourne, Florida creates significant momentum for accelerating growth in 2021. It caps a strong 4Q for the Group that also saw two insurance company wins and an oversubscribed capital raise. It also capped a 2020 to remember during which the Group navigated well around the challenges of the Covid marketplace.For 2020, Seattle reached approximately $2.7 million in revenue and $0.8 million in profits before tax adjusted. The purchase price is $5.5 million in cash, split $5 million based on 2020 performance and another $500,000 based on higher financial performance through year-end 2022, which is subject to clawback. The Group paid $4 million at Closing and will pay the remainder through January 2023.The Seattle reacquisition creates a northwest regional hub in the U.S. for the Group. Seattle has several key attributes for unlocking operating synergies. First, the Seattle team has substantial experience with municipal solutions. As a result, Seattle is an optimal location for the establishment of the US headquarters for the Group's fast-growing, UK-based, Water Intelligence International subsidiary which specializes in municipal offerings. Second, Seattle will enable the Group to tie together its growing corporate operation in Portland to the south and a new greenfield location to be set up in Vancouver, Canada to the north. Third, Seattle is an important center for "green economy" technology in the US. During 2Q 2020, the Group reacquired its San Jose, California franchise in the heart of Silicon Valley. The Seattle location, linked to the Group's San Jose operations, reinforces the Group's access to new technologies that are relevant for leadership in the Green Economy.In 3Q the Group received the Green Economy Mark from the London Stock Exchange and in 4Q Water Intelligence plc was included in various MSCI indices. Building on such recognition through the Seattle reacquisition, the Group intends to further sharpen its brand identity during 2021 as a leading "technology-enabled" service for the green economy - an investment thesis attractive to institutional investors, especially those in Silicon Valley.The leadership team in Seattle will be staying to help grow the Northwest operations. In addition, one member of the leadership team will be moving to San Jose
https://www.londonstockexchange.com/news-article/WATR/franchise-reacquisition-addition-to-msci-indices/14790929
4Q, much like 3Q, has been marked by strong results.
Another nationwide insurance contract win. Expanding rapidly now.
What a week... expecting a bit of a pull back today or next week before consolidating till next news hits good luck all..
If this carries on we will be issued with a speeding ticket lol.......
The over subscribed subscription appears to have planned ready for further insurance expansion. Two directors subscription is a healthy communication. Further new significant Investors (not named yet). The announcement today that it is the “only” national company operating in this area appears significant. Franchises certainly have an edge now the corporate is driving them continued new business. Let’s see what the broker forecasts?
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "Global market demand for solutions to clean water loss and to wastewater blockages is strong and only growing. The Green Economy continues to be pressingly relevant. Solutions for problems stemming from deteriorating water infrastructure take on more urgency as consumers shelter in place from Covid and as the effects of climate change, such as fires ravaging the US west coast, become more evident.
We are accelerating our growth plan and have had a very busy 3Q during a challenging time for many sectors of the economy. We achieved growth across the board: (i) continued organic growth from both franchise and corporate operations, especially based on demand from national accounts that seek to leverage our efficient delivery of solutions across 140+ locations; (ii) growth of revenue and profits from three reacquisitions of franchises; and (iii) early signs of a new source of growth from our proprietary sewer diagnostic product that had been in development. We look forward to continuing to increase our share of a big global market and to provide Green Economy leadership during 4Q and beyond."
https://www.lse.co.uk/rns/WATR/trading-update-3q-2020-317iby3gezl4je8.html