With profits rising rapidly and the share price falling to an 18-month low, it is time to revisit this situation. Most recently, the company reported H1 profits equivalent to two thirds of FY expectations and 29% ahead YoY. The Corporate division growth driver lifted its revenues by 113%, reflecting the success of the company’s re-acquisition programme added on to 20%-plus organic growth. Insurance-related sales, a separate division, have grown five-fold in the last three years, and only represe ....
14 Oct 2019
Morning Comment
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Morning Comment
Water Intelligence plc (WATR:LON) | 318 0 0.0% | Mkt Cap: 55.3m
- Published:
14 Oct 2019 -
Author:
Nick Spoliar -
Pages:
4
With profits rising rapidly and the share price falling to an 18-month low, it is time to revisit this situation. Most recently, the company reported H1 profits equivalent to two thirds of FY expectations and 29% ahead YoY. The Corporate division growth driver lifted its revenues by 113%, reflecting the success of the company’s re-acquisition programme added on to 20%-plus organic growth. Insurance-related sales, a separate division, have grown five-fold in the last three years, and only represe ....