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Water Intelligence

November 2019

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:
  • WATR
  • Price:
  • 275p
Interims to the end of June recorded sales up 34% to US$15.9m, with pretax profit up 29% to US$2m and adjusted eps +17% to 10.6 cents. Net cash was US$2.17m.As previously described, Water Intelligence’s mainstay is leak detection in the US under a franchise model. In the past three years it has been selectively buying in franchisees and offering services directly. The latest period saw the re-acquisition of its Ontario, South Atlanta, Orlando and Tucson franchises.This is the swing factor and these corporate locations (those managed directly) grew sales by 56% to US$7m and operating profit doubled to US$1.1m (with margins rising to 19% from 12%). Excluding re-acquisitions in the year, like-for-like was  +24%.   ...

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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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