Water Intelligence (WATR)

Sector:

IT Services

Index:

FTSE AIM All-Share

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 142.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 150.00p
  • 52 Week Low: 78.50p
  • Currency: UK Pounds
  • Shares Issued: 12.07m
  • Volume: 3,523
  • Market Cap: £17.21m

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 142.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 150.00p
52 Week Low 78.50p
Volume 3,523
Shares Issued 12.07m
Market Cap £17.21m

WATR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.47% below the market average77.47% below the market average77.47% below the market average77.47% below the market average77.47% below the market average
46.94% below the sector average46.94% below the sector average46.94% below the sector average46.94% below the sector average46.94% below the sector average
Price Trend
88.14% above the market average88.14% above the market average88.14% above the market average88.14% above the market average88.14% above the market average
75.93% above the sector average75.93% above the sector average75.93% above the sector average75.93% above the sector average75.93% above the sector average
Income Not Available
Growth
60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average
54.46% above the sector average54.46% above the sector average54.46% above the sector average54.46% above the sector average54.46% above the sector average

WATR Dividends

No dividends found

Trades for 17-Nov-2017

Time Volume / Share Price
10:34 523 @ 140.25p
10:34 523 @ 140.25p
09:02 3,000 @ 140.10p
09:02 3,000 @ 140.10p

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