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‘Thirdly, as previously announced, the Group is pleased with the commercialization of its Ditch Lining water management system during Q4 2023. We are gathering performance data and will be updating the market on its sales pipeline during Q1 2024’. From Yearly update
We are missing a promised update and get the feeling an update on Salesforce costs would not go amiss and of course proof that the investment strategy is paying off. There was also a mention of investing in their online presence boosting investor relation and communication again I think investors would quite like to see this too!
I am confident in the company but the updates and PR need addressing.
Thanks for sharing your research, appreciate it Taser.
Something must be going on. Steady buying surge. Q1 numbers not due until May. Lucky I topped up earlier in the week.
Just to add I expect rate cuts will hit mainland Europe and the UK ahead of the US (unless Biden has more underhand influence than I believe). This may well give a boost to small caps over the ‘scary’ summer months. It is definitely been my intention to roll an increasing amount into the sector. Fingers crossed
This share became very popular with a more speculative section of investors. Along with a credible growth forecast and extreme illiquidity due to the very small amount of shares in issuance this lead to significant sp movements. These movements attracted others and a race to the top ensued. Suffice to say it wasn’t sustainable.
However, fundamentally this company is on a very solid footing but maybe both growth expectations and profits were not matching the top market cap. Recently, in my opinion the 2 year investment plan to integrate Sales Force software and build a central hub to both allow cross selling opportunities through connected data gathering and to train more technicians is a bit behind schedule which has adversely impacted market perspective. The investment has not really been showing any tangible results and some have lost patience. But with that road finally coming to an end by the latest June I very much believe we will see the benefits and rise in market awareness in H2.
This share moves rapidly and consistently upwards and downwards. £3.20 is the low baseline. A tick up today should see momentum build this month (depending on wider market impacts). The market place is potentially huge and the savy might just begin to believe that the investments will bear fruit. The CEO is very astute if a little quiet. Targeting a lot higher and confident this will play out and reward those that recognise the value inherent in this company’s present position
Unaware what the reason for the volatility here is. Lack of dividend (CEO prefers to invest in the business which I'm fine with) or possibly the high volatility has put investors off. Its is a solid growth business that has made no major errors since I started watching it over the last 4-5 years. Management seems trustworthy and is well invested himself. I top-sliced at £4 recently and will probably top-up again soon at this level. There are no red flags for me, it's just been caught up in the general AIM slump.
Hi Allessandro, no this forecast was not before a share split. It climbed to not far off that share price, and management cleverley raised capital at the high share price before it came back down.
Hi Taser, I am new to this board. Just came across this business, what is the most important reason why this is beaten down so much? Macro does not explain it for me and fundamentals also not.
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?