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The company's website is offline. Doesn't fill investors with confidence.
Very true..but a lot of investors nowadays don't seem to possess patience....present company excluded...
Jange
A very satisfactory RNS, at some point the good news should start feeding through to the share price.
Sometimes patience is a virtue !
We report that once again we have surpassed the prior full-year revenue result earlier than expected. Through the end of October, we achieved $27.5 million in revenue which stands significantly ahead of the full year 2018 result of $25.5 million. Profit before tax (statutory and adjusted) remains comfortably in-line with expectations for full year 2019.
We are especially pleased to produce these strong top and bottom line results while re-investing during the year in three new lines of business for our next five-year growth plan which begins in 2020: (i) on-line product sales for water leak monitoring and water quality; (ii) proprietary sewer and wastewater technologies and solutions to supplement our leading clean water leak detection technologies and solutions; and (iii) cross-sales of our UK municipal solutions into the US. These initiatives will reinforce our growth trajectory.
Commenting on the Group's update, Executive Chairman, Dr. Patrick DeSouza remarked: "We are delivering on our objectives and we remain ambitious. While surpassing the sales milestone is important, we seek to finish the year strongly and to set even higher near-term targets than expected. We and our franchisees believe in the importance of our mission to provide technology solutions to water loss - a big issue facing the world. Our level of execution and strong market demand for water infrastructure services globally enable us to accelerate our next five-year growth plan. Given our existing sales footprint in the US, UK, Australia and Canada, we remain confident in our ability to leverage our brand."
I have to say that looking at the 1 year chart which is pretty glum, does not relate to the progress apparently being made by this interesting company.
Could this be a result of Woodford holding & then dumping a bunch of AIM companies which has knocked the smaller company market for six ?
Water Intelligence plc
("Water Intelligence" or the "Company")
Transaction in Own Shares
Water Intelligence plc (AIM: WATR.L), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water, announces that on 18 November 2019, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 2,500 ordinary shares of 1 penny each ("Ordinary Shares") at an average price of 266.5 pence (the "Transaction").
The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 127,500 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,919,871 shares (divided into 14,719,871 Ordinary Shares not held in treasury, which are admitted to trading on AIM and entitle the holder to one vote per Ordinary Share; 2,200,000 B Ordinary Shares of 1 penny each which are not admitted to trading on AIM, but do still entitle the holder to one vote per ordinary share, but carry no economic rights) which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Another strong trading update this morning.....Well done Patrick.
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "Global market demand for solutions to water loss from leakage is strong and continues to grow. We are accelerating our growth plan by building on our base of customers and adding more business lines such as municipal sewer and wastewater diagnostics and consumer sales of water / home services-related products and services via e-commerce. We are confident and have produced another strong set of numbers for both franchise and corporate-run operations across all of our key performance indicators.
"Moreover, we believe strongly that our technology investments will enable us to sustain our growth trajectory in 2020 and beyond. Given our installed base of service operations, especially across the US, and the strength of market demand for both potable and non-potable water infrastructure solutions, we have a considerable opportunity for realizing significant value for our shareholders. As important, we seek a leadership role in providing solutions for the critical problems of water loss and contamination for our global stakeholders in creating a more sustainable world. We are pleased to deliver for both shareholders and stakeholders and note with pride a recent mention of our good work by the Mayor of Flint, Michigan - a city with a devastating history of lead in the water - in her State of the City speech."
Net Cash (Cash minus Borrowings): +$2.7 million
· Water Intelligence profits before taxes (both statutory and adjusted for amortization, non-core costs and share-based payments) comfortably in-line with expectations
Franchise-Related Activities: business-to-business insurance channel; equipment sales, franchise sales grow 45% to $6.1 million (3Q 2018: $4.2 million)
o US Corporate-Operated Locations: grow 47% to $10.7 million (3Q 2018: $7.3 million)
International Corporate-Operated Locations: grow 27% to $2.8 million (3Q 2018: $2.2 million)
Includes UK municipal operations, UK-managed municipal operations in the US and full-service operations in Ontario, Canada and Sydney, Australia
Key Performance Indicators
o Franchise: American Leak Detection franchise royalties grow 4% to $5.1 million (3Q 2018: $4.9 million)
§ Implying approximately $67 million in year-to-date gross sales to third parties from which royalty is derived
Highlights:
· Financial: Water Intelligence revenues grow strongly by 34% to $24.7 million (3Q 2018: $18.5 million; FY 2018: $25.5 million
52 week low 2.20.......52 week high 425.50...so a lot of scope for a good rise here moves vert quick when it does start...17m shares on offer as well...
Cash and equivalents remain strong at $6.03 million (1H 2018: $6.15 million)
Net Cash at $2.17 million (cash minus borrowings)
Profit before tax comfortably in-line with analyst expectations Statutory profit before tax up 20% to $1.51 million (1H 2018: $1.26 million) Profit before tax adjusted for non-core and share-based payments up 29% to $2.02 million (1H 2018: $1.57 million)........
Major revenue streams growing strongly and consistently with over $50 million in sales in 1H to third parties (direct sales from corporate operations and gross sales to customers from which franchise royalty income is derived
Total revenue for the period increased 34% to $15.87 million (1H 2018: $11.80 million)
o Three-year 1H CAGR (compounded annual sales growth) of 42% (1H 2016: $5.57 million)
another blue day please...up to yesterday 30p up in less than a week..
Another top up today..in for a penny and all that.
Three days of blue..sell high buy low.
The Company's 30 September launch on AIM was well-capitalised with £9.4 million (gross prior to transactions costs) to accelerate business growth with an experienced board and management.
Q3 Operating Highlights:
· EAI's wholly-owned media subsidiary GT Channel, Inc. ("GTC") continues to grow strongly - both global audience and net revenue
o Views and net revenues through 30 September 2019 both greater than for the whole of 2018
o YTD through 3Q actuals: YouTube audience base of automobile and associated lifestyle enthusiasts at 9.0 billion video views, up 57% (3Q 2018: 5.8 billion)
o YTD through 3Q actuals: Net Revenue $6.9 million, up 80% (3Q 2018: $3.9 million) (Net Revenue deducts YouTube commission on Google ad sales based on IFRS policy)
§ Gross ad revenue from global audience of $12.5 million at Q3
o Number of unpaid subscribers who want more GTC content increased to approximately 90 million (1H19: c. 70 million)
· EAI's wholly-owned technology subsidiary Tagasauris, Inc. ("Tag") is participating in a pilot with strategic partner Sumitomo to deliver an enriched audience viewing experience for the Rugby World Cup on Sumitomo's JSports network
o Update on Rugby World Cup pilot will be provided during November after completion
https://www.lse.co.uk/rns/WATR/transaction-in-own-shares-52rw6wvwl2e43qq.html
WATR/transaction-in-own-shares-and-issue-of-equity-xulyijprtdh7zhp.html