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Waterlogic

May 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.

  • Epic Code:
  • WTL
  • Price:
  • 183p
Waterlogic has reported results for 2012. Not a great deal to add on what was said last month. Overall, sales were US$101m, up 19% on the year before with acquisitions contributing almost all the growth (1% organic). Given the six acquisitions last year you might have expected growth to come in higher but of course some only contributed for part of a period. In addition, sales of the Firewall UV technology for the consumer market only contributed US$0.5m from sample sales in the final few weeks of the year. On a segmental basis, strong growth was seen in direct sales, which were up 31% to US$16m, and recurring rental income also grew by 44% to US$38.9m offsetting weakness in third party dealer sales mainly due to restructur ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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