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it's still trying to settle into a new trading range m8,after that lunar take off high.
the w one seems to be stuck in superglue.lol.
Strong day here again mate...never fails to amaze me.
Nice to see buys coming in.. tremendous growth potential here with American franchise growth,but there is more to watr on other fronts..
To see that DeSouza has plenty of skin in the game here. 28.3% or 3,442,100 shares. Interesting Company & growth looks pretty impressive.
Great news again this morning with another contract win ...1m adding 1 million to sales in 2019 good luck all what a little gem......
Contract Win
Fri, 21st Dec 2018 07:00
RNS Number : 2043L
Water Intelligence PLC
21 December 2018
Water Intelligence plc
Sydney Water Win
Water Intelligence plc (AIM: WATR.L) (the "Company" or "Water Intelligence"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to kick-off 2019 early with a significant municipal contract win in Sydney, Australia.
A few weeks ago, the Company provided a trading update for Q3 that reinforced its previous 1H guidance on strong growth for 2018. We noted that our overall trajectory was approximately 40% sales growth with the mission of "sustainable multinational growth" for 2019 and beyond. With this municipal win in Australia, accompanied by recent smaller municipal wins in the US in Michigan and New York, the Company is off to a good start to meet its 2019 growth plan.
The contract in Sydney is a multi-year contract anticipated to contribute approximately US$1 million to 2019 sales.
Executive Chairman, Patrick DeSouza commented, "Despite market volatility, our fundamentals remain strong. Demand for water infrastructure solutions will continue to grow worldwide. Full steam ahead."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
For further information about this announcement please contact:
Water Intelligence plc Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426
finnCap Ltd Julian Blunt / Giles Rolls (Corporate Finance)
Camille Gochez (Corporate Broking) Tel: +44 (0)20 7220 0500
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
It went as low as 21p and a nice mop up of shares at the time held by mm’s desperate to get rid.
Good start this morning.,but company showing strong growth.the potential in the states is massive.
Highlights
· Strong fundamentals deliver 40% sales growth to $18.52m over comparable period (Q3 17: $13.27m), already higher than full year 2017 ($17.62m)
Water Intelligence International ("WII"), the principal driver of our multinational municipal business, has also shown strong growth and provided leadership for a supplementary business line for ALD. WII, launched in fall 2016, is a corporate-run operation and has facilities in the UK and Sydney. Together both operations achieved $2.16 million in sales, a 45% growth from Q3 2017 (Q3 2017: $1.49 million). Our UK operation showed an 18% growth to $1.23 million (Q3 2017: $1.05 million); our Sydney operation doubled in size to $0.93 million in sales. (Q3 2017: $0.47 million). Importantly, each of these operations turned a profit resulting in $0.05 million in profits at the end of Q3 after approximately $0.1 million in start-up losses at the end of Q3 2017.
(ii) Corporate Development. We continue to execute our plan of selective franchise reacquisitions. Our strategy has been to use the reacquisitions to set up corporate operations that can not only add critical mass of revenue and earnings to Water Intelligence but also most importantly help link and grow franchise operations through regional touchpoints. In our Interim Update, we reported 1H reacquisitions in South Florida; Louisville, Kentucky; and Bakersfield, California. These three reacquisitions have strengthened franchisee execution in the Southeast, Midwest and Southwest of the United States. Effective October 1st, we reacquired a significant operation with approximately $1 million in 2017 sales in Portland, Oregon. With that addition, we now have a corporate presence in the Northwest of the United States. We expect the Portland operation to provide a corporate anchor during 2019 for Northwest franchises and the introduction of WII's municipal business, an opportunity that already has a strong base in the Northwest.
Technology Dimension of Corporate Development. As we communicated during our March capital raise, we planned to use some of the proceeds to strengthen the value propositions of both US and UK businesses. First, we announced at the beginning of 2018 a partnership with Tagasauris and Flo Technologies to leverage the national sales footprint of ALD. We have worked with Tagasauris, a video technology company, to invest in developing a leading edge video player that would enable Water Intelligence both to market its services through direct streaming on YouTube but also to sell home services products, such as Flo (water monitoring) from such videos - a 21st century version of the Home Shopping Network. We are pleased to report that we have made great progress and demonstrated the video player at November's American Leak Detection Annual Convention discussed below. Second, as announced during 1H, we acquired certain intangible assets from Reece Group in the UK, to create a proprietary device to analyse blockages in sewer lines. Such a product would give Water Intelligence a competitive advantage in bidding for municipal work. We are pleased to report progress in the product develop
As a balance sheet matter, our cash position is strong. First, we generate cash through organic growth as discussed herein. Second, our March financing added growth capital to enable us to execute our growth plans across US, UK, Australian and Canadian operating geographies. As discussed below in the Corporate Development section, we have put money to work.
After such investments, at the end of Q3 Water Intelligence had cash and accounts receivable of $10.0 million (Q3 2017: $4.1 million). Meanwhile, total liabilities (both short term and long term) were $7.2 million (Q3: 2017: $4.6 million). Year over year at the end of Q3 the ratio of Quick Assets (i.e. liquidity) to Total Liabilities improved to 1.4 from 0.9. This metric presents a conservative balance sheet despite a fast-growing income statement that would be expected to need working capital. Because we have available financial resources to commit to growth projects, we are in a balance sheet position to accelerate our efforts even further.
Financial and Operating Performance. Financial components of this overall picture all show strength. In evaluating performance in the Interim Update, we focused on two operating dimensions for assessing our sustainable growth trajectory: i) grow both US and UK operating subsidiaries strongly to reinforce our brand across residential and commercial (American Leak Detection) and municipal (Water Intelligence International) markets; and ii) fuel further organic growth with corporate development transactions ranging from franchise reacquisitions to investment in technologies. In organizing performance indicators below, we are executing well along both operating dimensions.
(i) US and UK Subsidiaries. American Leak Detection ("ALD"), the core operating business of Water Intelligence plc, continues to grow strongly when comparing the same period year over year. The primary focus of the business is pin-pointing and remediating residential and commercial leaks; yet assisted by Water Intelligence International, municipal work is now also supplementing growth. Through Q3, total ALD revenue grew 39.0% to $16.36 million (Q3 2017: $11.77 million). A key component - royalty income from franchisees - grew 5.7% through Q3 to $4.88 million (Q3 2017: $4.62 million). The absolute growth in royalty income is noteworthy given that franchise reacquisitions, discussed below, continue to remove royalty income from the pool of franchisee sales to third parties. Such continued franchise system growth has been partly fuelled by the growth of the insurance business to business channel. This national account strategy takes advantage of the American Leak Detection franchise sales footprint across the United States. Through Q3, the insurance channel doubled to $3.6 million in sales over the same period in 2017. Meanwhile, corporate-operated sales for ALD grew strongly at 60.1% to $7.27 million (Q3 2017: $4.54 million). Strong corporate-operated growth after franchise reacquisi
Tue, 4th Dec 2018 07:00
RNS Number : 3068J
Water Intelligence PLC
04 December 2018
Water Intelligence plc
Q3 Trading Update; American Leak Detection Annual Convention
Water Intelligence plc (AIM: WATR.L) (the "Company" or "Water Intelligence"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to provide a trading update for Q3 2018.
Highlights
· Strong fundamentals deliver 40% sales growth to $18.52m over comparable period (Q3 17: $13.27m), already higher than full year 2017 ($17.62m)
o Strong sales performance in all business lines
o Consistent sequential quarterly growth
· Underlying profits before tax comfortably in-line with expectations, despite significant reinvestment expenses
· Continued reacquisition of selected territories enabling regional corporate hubs across the US to grow core American Leak Detection brand
· Technology implementations expected to further growth in 2019 and beyond
· Successful annual franchise convention affirming 2017's five-year growth plan
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "We are having yet another good year and we have delivered strong results. However, we are not taking our foot from the proverbial gas pedal. There is a big addressable market to attack and our entire team - franchise and corporate - wants to capitalize on the market opportunity."
Just love this share up another 10p today...but to be fare it won't last it will eventually consolidate..but some could have made a nice sum here never no it might reach £4 pound again but i doubt it to be honest...
Hello Mannnan hope your well....i wish lol,but yes have done well here i see your in oilex as well hopefully tro got in there as well....
It was me who first got in..I told Jamie and yourself about it...it got to 50p then I started selling down there..so much promise at the time,if it went to about 1p-2p I'd have a punt again.
i can remember everyone piling into qfi...i think it was jamie that was first in.
that was a long time ago,didnt it hit 40p,or something like that
Another good day..this share doesn't lie down easily,still do still trying to find a level to consolidate.