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RNS Number : 7442O
Water Intelligence PLC
04 October 2019
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 3 October 2019, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 5,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 273 pence (the "Transaction").
The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 40,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,947,371 shares (divided into 14,747,371 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.
More good news...WATR was my pick of the year...and so far hasn't let me down...
Water Intelligence PLC
03 October 2019
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 2 October 2019, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 5,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 275 pence (the "Transaction").
The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 35,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,952,371 shares (divided into 14,752,371 Ordinary Shares not held in treasury which are admitted to trading on AIM and which 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 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.
Enquiries:
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WATR&ArticleCode
Lots of buys...but four big sells dragging it down...
OCH..
Chairman's Statement
Overview.
We had another remarkable year both in terms of financial and operating performance. We delivered on our annual commitment in these pages for sustainable, multinational growth. Year-over-year, we grew revenue by 45% to $25.5 million (2017: $17.6 million) and profit before tax even faster by 53% to $1.8 million (2017: $1.1 million). Further, our shareholders benefited with fully diluted EPS growth of 21.3% to 9.1 cents per share (2017: 7.5 cents per share). Our balance sheet is strong and we have cash required to execute our growth plan. Moreover, as we will discuss below, robust financial performance results over the last five years underscore not only sustained growth but also an acceleration of that growth path. Water Intelligence profits before tax adjusted for non-core costs and non-cash amortization expense at $2.4 million exceeded 2018 market expectations.
Operationally, the foundations have been laid for continued strong performance. We have expanded cross-selling efforts between our American Leak Detection (ALD) and Water Intelligence International (WII) subsidiaries so that we can capture an entire matrix of opportunities - residential, commercial, municipal, clean water and wastewater - as complementary business lines with reduced customer acquisition costs. Further, we have reinvested profits and are launching new proprietary products for each subsidiary to sustain growth in market capture. Yet, before discussing our strong 2018 performance and current momentum, we should underscore that demand from the global marketplace has provided us with a tailwind to deliver a very valuable company for our investors as we continue to scale operations.
Water and infrastructure services, as a global investment category, continues to gain salience because market demand for solutions is anticipated to remain strong irrespective of volatile macroeconomic or political conditions. Market research indicates that total global spending on water and wastewater currently amounts to $771 billion with capital expenditure expected to rise between 2019-2023 by 4.7% compounded annually, which is higher than forecasts of worldwide economic growth. Moreover, the water infrastructure crisis has reached areas typically less visible to the marketplace. On March 7, 2019 the Wall Street Journal published "American Homeowners and Their Insurers Face a Flooding Crisis From Within." The article indicated that over the last five years, the frequency of water-damage claims is rising affecting 1 in 50 homeowners and posing a $13 billion problem for insurance companies. The article identified a hot new market for innovation called "InsureTech." Water remains our most precious natural resource around the world and may be considered a safe haven for investors.
The research marketplace is responding to such demand. Columbia University, with whom we have a strong relationship, has recently announced the launch of its "2019: A Year of W
· January to April 2019 starts fast on all fronts: (i) another major US insurance company win; (ii) franchise sale; (iii) corporate-operated organic growth and (iv) three more franchise reacquisitions to fuel 2019-2020 growth; On track to meet market expectations
Dr. Patrick DeSouza, Executive Chairman of Water Intelligence, commented: "We have an exciting opportunity ahead providing solutions for infrastructure problems affecting the world's most precious resource. Global market demand for environmental solutions, especially water-related, as evidenced by initiatives such as the Green New Deal, is growing irrespective of local political and economic conditions; this is good news for the Company and its investors. In three important ways, we have created the operating foundation to scale our business and seize the opportunity: (i) sustained, multi-year, high octane financial performance to gain critical mass as a Company; (ii) an emerging distribution platform with a broad set of offerings to customers on both sides of the Atlantic through our American Leak Detection and UK-based Water Intelligence International subsidiaries; and (iii) reinvestment in new technologies for the fast emerging "Insuretech" and sewer and wastewater markets that advance our profile as a leading technology company in the water infrastructure space. Our leadership team, both corporate and franchise, are unified and on a mission to build a world-class company."
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain
RNS Number : 4902Y
Water Intelligence PLC
09 May 2019
Water Intelligence plc (AIM: WATR.L)
("Water Intelligence", the "Group" or the "Company")
Audited results for the year ended 31 December 2018
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 present its full, audited results for the year ended 31 December 2018.
Copies of the Annual Report will be made available to view on the Company's website at www.waterintelligence.co.uk.
Results Highlights
· Revenue growth once again strong at 45% year-over-year reaching $25.5 million (2017: $17.6 million)
o Total System-wide sales (franchisee gross sales and corporate-operated sales) pass $100 million
· Profit before tax growth exceeds revenue growth at 53% year-over-year reaching $1.8 million (2017: $1.1 million)
o Profit before tax adjusted for non-core costs (non-recurring, amortization, and share-based payments) grows 44% to $2.5 million (2017: $1.7 million)
· Sustained growth and acceleration of financial performance
o 2016-18 CAGRs: Revenue 45%; PBT 51%
o 2014-18 CAGRs: Revenue 37%; PBT 32%
· Core business units - American Leak Detection (ALD) and UK-based Water Intelligence International (WII) both grow strongly establishing a Group distribution platform for a broad matrix of residential, commercial and municipal/water utility solutions to address both clean water and wastewater problems
o ALD revenue grows 45% to $22.6 million (2017: $15.5 million)
§ Royalty income from franchisees grows in absolute terms by 5.7% to $6.3 million (2017: $5.9 million) despite additional franchise reacquisitions
§ Corporate-operated sales grow 70% year-over-year to $10.1 million (2017: $5.9 million)
· Organic growth from corporate locations held since January 1, 2017 of 34%
· Corporate locations profit margins triple (2018: 12%; 2017: 4%) driving the Group's increase in PBT while reinvesting for sales growth
o WII revenue grows 39% to $2.9 million for 2018 (2017: $2.1 million)
§ Maiden PBT of $0.03 million (2017: $(0.16) million)
· Water Intelligence balance sheet strong with net cash: +$2.6 million
Operational and Post-Period Highlights
· Technology reinvestment for initial deployment during 2019 to support future growth: (i) sewer diagnostic tool ("Orca") advancing WII's water utility offerings and (ii) AI-driven video display to enable contextual commerce of consumer products from the video supporting ALD's growing business-to-business insurance channel and advancing ALD's penetration of the "Insuretech" product market
· Confirmation of new Board Member, Bobby Knell, who was the former owner of the highly successful Dallas franchise and has been Managing Director in charge of franchise relations for the last five years
Lets see if we can hold £4
52 week high £4.50..lets see if we can beat that
Booming lovely
Anybody read in the national press over the weekend about WATR......VERY POSITIVE..
Only 15m shares in issue......
Blue start all.......
They believe a lot more to come.....ill be slicing a long the way...but do have a few in a sipp as well...
u cud be a few quid up on tooooosday
https://www.thisismoney.co.uk/money/investing/article-6992419/MIDAS-SHARE-TIPS-Want-profits-pour-Try-Water-Intelligence.html
i shhudda 2 years ago m8...but i dunno owt about them,other than they're something to do with american water.lol.
Wish you had a few hear mate lots to come..with massive growth I USA
i know m8 itt was a good board about 4 years ago.
ime suprised it isnt advertised on twitter....apprentice trolls wanted.lol.
£3.76
Water intl 2018 results are due this week....and brokers expect 44% increase in sales to $25.3 million with profits up 47 per cent to $2.5million..further strong growth is predicted this year and next,as the company adds new customers ,boosts sales from former franchise operations and gradually expands internationally ...
Big midas article in the mail on Sunday today.......At £376 a share should gain more ground and De Souza is a significant share holder..so he is highly motivated to deliver the goods..
Notice of Full Year Results
Fri, 3rd May 2019 07:00
RNS Number : 9520X
Water Intelligence PLC
03 May 2019
Water Intelligence plc
("Water Intelligence" or the "Company")
Notice of Full Year Results
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, will announce its financial results for the year ended 31 December 2018 on Thursday, 9 May 2019.
Enquiries:
Water Intelligence plc
Patrick DeSouza, Executive Chairman
Adrian Hargrave, VP, Corporate Development
Tel: +1 203 654 5426
Tel: +44 (0)7775 701 838
WH Ireland Limited - NOMAD and Broker
Tel: +44 (0)20 7220 1666
Adrian Hadden
James Sinclair-Ford
Matthew Chan
IFC Advisory Limited
Graham Herring
Miles Nolan
Zach Cohen
Tel: +44(0)20 3934 6630
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.
END
NORQLLFBKEFLBBE
Related Shares:
Water Intelligence (WATR)
Like the Wres board its gone terrabile over there with the in fighting..can't be bothered posting much there any more shame mate..