Updates

Waterlogic

July 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Waterlogic has entered into an agreement to acquire Cool Clear Water for AU$60m, financed from existing cash and new borrowings. CCW is market leader in the Australian POU market with an installed base of 26,000 coolers, a mammoth 35% share of the Australian market. In the year to 30 June it had AU$16.9m sales, nearly all of which was recurring rental income, and it made an operating profit of A$9.3m. Speaking to the company it looks like further bolt on acquisitions in Australia will follow.Waterlogic is presently finalising the new bank borrowings and the deal is expected to complete later this month. Await developments. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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