Member Info for Taser

The Group will be presenting its growth plan, competitive strategy (which includes its StreamLabs partnership) and updated capital allocation strategy at the Canaccord Growth Conference in Boston August 12-14. As previously communicated, Canaccord will be the lead broker for the Group and plans to initiate research coverage.

We will communicate our confidence both through our presentation at the Canaccord Growth Conference and through a video update provided immediately thereafter."

Well can we see it? At least do the simple things right….

Well that investor conference and new broker note really helped!

Apologies the ‘old’ one. Should be a new one any day…

Https://www.youtube.com/watch?v=PzT8ZD8L9fM

Those 2026 year end figures for Sales, PBT and EPS look rather uninspiring. They are predicting an EPS for YE 26 lower than Dow had for this year! And @ turnover of less than 100m.. That video of Will and Patrick earlier in the year doesn’t age well. Also no dividends planned at all. Hoping for a bit more sparkle. More waiting. Not amused

Https://waterintelligence.co.uk/wp-content/uploads/2025/08/WATR-James-Wood-CG-Initiation-12.08.2025.pdf

That EPS number is still ambitious but it is good to get a reset and acknowledgement that the initial figures were seemingly set based on managements hopes rather than analysis.

Let’s hope this is bottom. Rebuild trust with the market and investors, get some director buys and push market awareness of the size of the market all backed by improving key metrics. Start today…

Sorry haven’t seen the note when posted just now but still relevant. 500p a bit different than 800p!

Here is my prediction of what will happen this week.

Patrick will strongly defend the strategy and progress and point to synergies and progression with products over the last year or so but fail to mention that the pace of growth has stunted the share price.

Canacoord will lower Dowgate FYE 25 estimates but really emphasis and push the growth for years 26 and 27 when benefits will kick in. The problem with that is again ‘jam’ tomorrow. We were promised it yesterday and today.

If we are setting up these regional hubs and creating synergies then it should come with a cut in office headcount and fixed costs, but nothing so far. We should already of seen the metrics tick up but qtr 1 was a bust. Their lack of recognition or even acknowledgement of a below expectation set of numbers was not missed by the market. We need to bring back the credibility lost and I have mentioned many a time how this can be achieved. Definitely less talking and more substance and actions.

They need something reported now. If they push the line that aggressive growth will come in 26 and 27 then many will ask why we should trust them again.

Yes revenue is growing but not at a rate to support a rerate of the sp envisaged by so many of us. It is the PNL, return on capital employed, EPS that needs to be addressed. The retained capital is producing little for holders.

I am a holder, I believe in the market opportunities, I can see this working and that’s the frustration. Let’s see what comes out this week.

Isn’t everyone fed up of this thread being dominated by a few obtuse posters rather than with any on topic posts. Happy trying to score points rather than inform or debate like adults. Guys it is so tedious and I doubt it will change but really grow up.

Well we should get some projections from canaccord for the current year this week.

Just a reminder house broker Dowgate Capital is forecasting FYE 2025 turnover, EBITDA, PBT and EPS to come in at. $97m, $17.5m, $11.2m and 44.3c. This is the important bit they didn’t revise their figures after qtr 1 announcement or even with Aprils numbers.

Current EPS is circa. 8 cents. That is a long way off, especially when the second half of the financial year is normally weaker. So why didn’t the figures get revised down? Everything points to a revision downwards and the market has acted on that (so hopefully baked into the fall). So unless there is some amazing news to come why take investors for fools and keep a predicted price of 800p. The market demands honesty and punishes perceived anomalies.

Let’s get it right this week. Director buys, new or improved sales and a pnl that reflects all the rhetoric.. good luck holders we deserve it

Two late reported sell trades on the 5th Aug both for 20k of shares at 295p. Hoping to see the end in sight in relation to chunky sells, but even so this share can’t even bounce correctly! Waiting for 12-14th to hear about their ‘confidence’ in their plan and updated projections. We deserve a break!

Off topic: Now too many pop ups on this site and need to add edit functionality.

The buys going through at 310p atm which is healthier than most preceding days in terms of premium to quoted price.

The interesting part will be the presentation and new research broker report from Canaccord who are now initiating coverage. Still no independent coverage so it will be taken with a pinch of salt but it will be interesting if they lower the annual revenue and EBITDA numbers from the other two. Hopefully any reductions are baked in by a sceptical investor base already and any surprises are on the upside.

This will also give the company a chance to address the worthiness of the buyback (and if continued a commitment to cancel the shares in treasury rather than distribute to employees!), the disappointing pnl figures, the revenue expectations for the year and why investors should trust them after 4 Years of repeated statements that they are building shareholder value! My KPI is the share price and on that score they have miserably failed. And as reiterated before they wash their hands of that metric the company is the main driver although acknowledging outside factors. Don’t insult us, no more rhetoric without backed up with numbers.

https://www.**********.co.uk/articles/water-intelligence-q1-revenue-climbs-amid-launch-of-preventive-maintenance-platform-86c1de7/

for those wanting something more rosy. it all depends if you believe the broker targets can be met but doesn’t seem likely based on pro rata of current figures and for the last 4 years h2 has been weaker. however, the company could update the brokers and the brokers update us. maybe there is a pleasant turnaround but it would have to be considerable. the biggest sign that alls well would be director buys but don’t like the idea of no news until the interims in late sept. we need watr to honour its commitment to work for shareholders.

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

0.073 = US$7.3m ÷ (US$115m - US$14m) (Based on the trailing twelve months to December 2024).

Water Intelligence has an ROCE of 7.3%. Ultimately, that's a low return and it under-performs the Commercial Services industry average of 9.5%.

In terms of Water Intelligence's historical ROCE movements, the trend isn't fantastic. Over the last five years, returns on capital have decreased to 7.3% from 13% five years ago. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months,

Plus this worth a read although in terms of exit maybe missed the boat, most of this baked in now

https://theoakbloke.substack.com/p/watr-let-down

Well if second half slower than the first I just can’t see them hitting the broker figures. The fact the house brokers kept the same forecast despite a very poor first quarter should have been the red flag, along with their outrageous 800p target that our CEO happily referenced in his last interview.

Sales, profits look nowhere near target and April PBT 0.27 is scary. The current numbers don’t reconcile to held targets and I suppose that hasn’t gone unnoticed. However, it’s the company’s approach of burying their head in the sand and not acknowledging the situation which could lead to a double hit to the SP.

We need management to step in. Director buys, commitment to dividends (although not sure from where based on cash flow). Stand up and be counted as the numbers in public domain don’t match house broker numbers presumably coming from WATR.

And again we see two late reported trade sells from Friday and one from today. Same pattern. No let up. No holding RNS. But must worrying not based on anything in the public domain. Best case an institutional holder exiting which would take a considerable time to move high quantities. Worst case something known but not reported. Either way this can be negated by proactive steps….over to you Patrick

No holding RNS but larger delayed sells are chunky versus small disguised buys above asking have been prevalent for last 2 months. Hope we all agree buyback useless.

Time for them to change tack and be proactive. Pretty disgraceful.

313p to buy. 315p quoted price.

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