Member Info for CEOAdam

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.

It's not surprising why a lot of stocks are moving away from the UK.

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.

Double digits profit growth. Great company.

Underlying Profits increased over 1 million to over 7 million.

Very happy with these results.

A share bottoming out just before expected good results. These will do me.

I am buying at this sp. Way too cheap for a growth stock.

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

Shell has been told about still dealing with Russia. They are speeding things up to stop this. Hopefully will give more urgency to the Deltic projects.

There is a fund selling out. Once cleared this will spike sharply.

Get in while you can.

Very happy with 11.00 broker ratings. My main buys were at 2.79 and recently 4.18.

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

We are bouncing off current lows and making good progress.

Balance Sheet at 31 December 2022

§ Cash at $23 million

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)

If they pay a dividend or 3p and then sell us for 12p. I'm happy with that.