Water Intelligence (WATR)

Sector:

IT Services

Index:

FTSE AIM All-Share

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 276.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 450.00
  • 52 Week Low: 125.00
  • Currency: UK Pounds
  • Shares Issued: 15.23m
  • Volume: 6,524
  • Market Cap: £42.05m
  • Beta: 0.08

Water Intelligence looks to flood international markets

By Iain Gilbert

Date: Wednesday 09 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Leak detection and remediation solutions provider, Water Intelligence said on Wednesday sales had grown by 50% in the first half of 2017 to $8.5m, against a 38% total for the whole of last year.
American Leak Detection, the company's franchise business saw royalties grow roughly 10% to $3.2m, as its corporate stores showed 70% growth to $3.1m.

The heightened level of growth was due primarily to an increase of "sales through national channels, led by insurance companies, as well as continued strong local presence."

Sales from the groups UK business showed continued growth across the half, reaching $700,000.

It expects to fuel further growth in the US, UK, Canada and Australia with the in-line pre-tax profits it has reported to capitalise on those particular market opportunities.

During the half, it also reacquired its franchises in Indiana and Northern Virginia, as well as strengthening its growth path in the Midwest as it looks to launch additional locations in the Chicago area in 2018.

Cash at the end of June was a little over $1m, similar to what it had reported at the end of 2016.

Dr Patrick DeSouza, Executive Chairman of the Company, said "We are pleased that sales growth continues to accelerate along all key dimensions and that we are in range of tripling our level of sales in three years. Importantly, we are maintaining healthy levels of profitability despite significant investment in pushing and sustaining our growth path. Because of the size and importance of the market for water loss solutions, our goal remains to create a valuable multinational growth company."

As of 1230 BST, shares had jumped 12% to 126.00p.

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WATR Market Data

Currency UK Pounds
Share Price 276.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 450.00
52 Week Low 125.00
Volume 6,524
Shares Issued 15.23m
Market Cap £42.05m
Beta 0.08

WATR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.38% below the market average87.38% below the market average87.38% below the market average87.38% below the market average87.38% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average
Price Trend
95.74% above the market average95.74% above the market average95.74% above the market average95.74% above the market average95.74% above the market average
87.27% above the sector average87.27% above the sector average87.27% above the sector average87.27% above the sector average87.27% above the sector average
Income Not Available
Growth
90.16% above the market average90.16% above the market average90.16% above the market average90.16% above the market average90.16% above the market average
96.12% above the sector average96.12% above the sector average96.12% above the sector average96.12% above the sector average96.12% above the sector average

WATR Dividends

No dividends found

Trades for 19-Oct-2018

Time Volume / Share Price
09:42 360 @ 283.00p
09:23 1,700 @ 277.75p
08:43 180 @ 277.75p
08:12 1,796 @ 278.00p
08:08 1,503 @ 270.00p

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