Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Financially, for full-year 2019, Minneapolis generated approximately $985,000 of sales and $315,000 of pre-tax profits. Through Q1, the team in Minneapolis has successfully navigated the Covid-19 crisis and is on-track to produce similar strong results in 2020 for the Group's P&L. As noted in our recent Q1 Update, demand for the ALD's water and wastewater infrastructure services remains strong in that such solutions are considered "essential services" as homeowners "shelter-in-place." The purchase price for the reacquisition which includes all assets to conduct operations (trucks, equipment etc.) is approximately $1.3 million to be paid evenly over four years.
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "We seek to distinguish ourselves among companies operating in the Covid-19 marketplace. We plan to accelerate our growth plans during Q2 given our success in navigating during Q1. Global market demand for solutions to water loss from leakage and to health issues from failing wastewater infrastructure is strong and continues to grow.
We are continuing to execute our proven growth plan of (i) gaining national accounts to scale our sales footprint, (ii) reacquiring franchises selectively to add operational and financial scale and (iii) introducing new technology-based products to leverage our market-making capabilities. We look forward to working more closely with the team in Minneapolis to realize accelerated growth.
Water Intelligence plc
Reacquisition of Minneapolis, Minnesota Franchise
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce the reacquisition of its Minneapolis, Minnesota franchise ("Minneapolis") within the Group's American Leak Detection subsidiary ("ALD").
Minneapolis is a significant reacquisition that enables the Group to add further scale to Water Intelligence, both operationally and financially. The acquisition is accretive to shareholder value and builds on a long-term growth strategy that over the last five years has produced compounded annual growth of 35% in terms of revenue and 33% in terms of profit before taxes.
Operationally, the Group seeks to reinforce ALD's brand leadership across the United States. ALD operates in 46 states of the United States and generates over $125 million in sales to third parties. Its solutions are delivered by franchise locations and corporate locations operating under the same brand.
Franchise reacquisitions in strategic locations facilitate the Group's ability to grow regional geographies faster through more centralized marketing and management. Operationally, the reacquisition of Minneapolis creates a corporate base in the Upper Midwest region of the United States. The current franchise team will be staying in place to grow the business faster with additional working capital. Minneapolis also provides the Group a regional hub to cross-sell solutions from its UK-based municipal business to ALD's customers. During 2019, the Group executed several significant municipal contracts in the Upper Midwest.
Wreslers...not long till we have some positive news im sure.....and then sp can show a true reflection of true value its sole destroying at present....
Will do..but need a couple more days and I'll bring it around.
Agree...people also have to start using some common sense as well..
RE Thursday 7th not friday lol...
Missed the bullet today mate....sold up in kefi friday might get back in when it drops to 0.65 area after placing....
Morning wreslers.....All the predictions are nice, but ill settle for 0.2 0.3 milestones first good luck to us all.....
https://www.investegate.co.uk/rose-petroleum-plc/rns/operations-and-strategy
Covid-19 Management:
o As an "essential service provider" in solving water and wastewater infrastructure problems, the Company continues to be prudent in navigating the crisis. Execution has included efforts to safeguard our technicians with protocols and protective equipment and to provide new value-add services for our insurance company partners who are relying on our brand and reputation for quality to enhance the homeowner /consumer experience during these challenging times
Commenting on the Group's performance, Executive Chairman, Dr. Patrick DeSouza remarked: "Global market demand for solutions to water loss from leakage and to health issues from failing wastewater infrastructure is strong and continues to grow. The Covid-19 crisis only underscores the on-going need for 'essential' products and services related to water and wastewater.
We are exceptionally proud of our teams in the US, UK, Australia and Canada. During the Covid-19 crisis, they have put our customers with water and wastewater problems first as shelter at home policies have been implemented. We are rolling out our new offerings based on proprietary technology and remain ambitious with our next five-year plan for creating a world-class company that addresses sustainability issues. Our strong results point to the importance of this investment category both in good times and in bad."
Highlights:
· Financial: Water Intelligence revenues grew strongly by 15% to $8.3 million (1Q 2019: $7.2 million); profits before taxes (statutory) grew strongly by 35% to $0.7 million (1Q 2019: $0.5 million)
Key Performance Indicators
o Franchise: American Leak Detection franchise royalties grew 4% to $1.8 million (1Q 2019: $1.7 million)
§ Implying approximately $25 million in year-to-date gross sales to third parties from which royalty is derived
o Franchise-Related Activities: business-to-business insurance channel; equipment sales, franchise sales grew 11% to $2.1 million (1Q 2019: $1.9 million)
o US Corporate-Operated Locations: grew 29% to $3.6 million (1Q 2019: $2.8 million)
o International Corporate-Operated Locations: grew 14% to $0.8 million (1Q 2019: $0.7 million)
§ Includes UK municipal operations and full-service operations in Ontario, Canada and Sydney, Australia
o Net Cash (Cash minus Total Borrowings and Deferred Consideration for Franchise Reacquisitions through 2025): ($0.13) million
o Water Intelligence profit before taxes adjusted for non-cash expenses (amortization and share-based payments) comfortably in-line with expectations growing 38% to $0.83 million (1Q 2019: $0.6 million)
· Corporate Development:
o Successful National Convention for American Leak Detection in Scottsdale, Arizona March 11-14 with launch of next five-year growth plan for franchise system
o Proprietary sewer diagnostic product for residential use on track to be rolled-out in the US by 1 July 2020 (municipal version currently used at sites in UK and US)
o Technology product for e-commerce from Entertainment AI to be rolled-out in US on track for 3Q (Company working with insurance companies to market/resell water monitoring products and provide leak detection services)
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RNS Number : 4020L
Water Intelligence PLC
30 April 2020
Water Intelligence plc
Trading Update 1Q 2020
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to provide a trading update for year-to-date through the end of the first quarter.
Results for 2020 through 1Q show continued growth in revenue and profits; results are comfortably in-line with expectations for both revenue and profit before taxes (statutory and adjusted).
Given the onset of the Covid-19 crisis during 1Q, the Company has shown strong execution and remains on track to deploy a new proprietary sewer diagnostic product to serve customers in navigating a public health issue of pipes clogged with sanitary wipes during the crisis.
Highlights:
· Financial: Water Intelligence revenues grew strongly by 15% to $8.3 million (1Q 2019: $7.2 million); profits before taxes (statutory) grew strongly by 35% to $0.7 million (1Q 2019: $0.5 million
No not really.. the investment was in the salford keys tro...i'm the same as you have two a/c one for trading and one long term.....and WRES definitely falls in the long term category lol.....
Dont rush my time mate 5yrs not 4yrs lol........Haroldhadrada thats a shot from the past the good old days mate.. hope WRES has a better ending than ORE did
HI Mate nice to hear of you...Rich is studying Alevels at present...wants to do air traffic control in the RAF mate....And yes taller than me now...missing his kickboxing with the lock down though....im still invested here managed to increase my holding here from 20m to 25 m shares now for my sins......