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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.
Dividends will start to rise. We have billions in cash. This has come about since the banking crisis and Governments instatance on banks having a cash mountain backup.
This cash is earning in the region of 5%.
Get in at this 43p price it's a bargain.
DYOR.
CEO Graham Swindells says analysts say £2.40 a share. Https://youtu.be/IHvptFI9S7U
One of our UK customers Thames Water to spend extra £700m on cutting leaks.
https://www.constructionenquirer.com/2023/05/12/thames-water-to-spend-extra-700m-on-cutting-leaks/
Interview with Patrick DeSouza - Chairman and CEO of Water Intelligence inc (WATR)
https://www.youtube.com/watch?v=aQrIFhd6ONU
Another great interview with our CEO Dr. Patrick DeSouza
https://www.youtube.com/watch?v=OKZxKu5iLiE
Excellent update
This company has no debt!
2022 Highlights
Financial Performance
v Group Revenue increased by 31% to $71.3 million (2021: $54.5 million)
US Corporate locations sales grew 48% to $47.3 million (2021: $31.9 million)
· Same store sales grew 25% to $36.2 million (2021: $28.9 million)
· Same store profits grew 14% to $6.2 million (2021: $5.4 million)
Water Intelligence International subsidiary
§ International corporate locations grew 9% to $6.7 million (2021: $6.1 million)
v EBITDA Adjusted* grew 20% to $12.3 million (2021: $10.3 million)
o EBITDA grew 16% to $11.1 million (2021: $9.5 million)
v PBT Adjusted* grew 12% to $7.8 million (2021: $6.9 million)