Following a strong 9-month update recently (revenues +43% YoY and PBTA +42%) and 5-year CAGR rates standing at 33% (revenues) and 53% (PBTA), this morning's announcement that WATR is reacquiring the South Oregon franchise shows that the company is not waiting around before deploying the proceeds of its recent fund-raising, and remains full of accretive ideas about how to go about this. The deal is attractively priced (5.5x PBT) and, though small, is highly synergistic, given that the group alre ....
14 Dec 2021
Water Intelligence (WATR) - Not hanging around – Oregon reacquisition shows WATR is deploying its cash
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Water Intelligence (WATR) - Not hanging around – Oregon reacquisition shows WATR is deploying its cash
Water Intelligence plc (WATR:LON) | 325 0 0.0% | Mkt Cap: 63.3m
- Published:
14 Dec 2021 -
Author:
Nick Spoliar -
Pages:
4
Following a strong 9-month update recently (revenues +43% YoY and PBTA +42%) and 5-year CAGR rates standing at 33% (revenues) and 53% (PBTA), this morning's announcement that WATR is reacquiring the South Oregon franchise shows that the company is not waiting around before deploying the proceeds of its recent fund-raising, and remains full of accretive ideas about how to go about this. The deal is attractively priced (5.5x PBT) and, though small, is highly synergistic, given that the group alre ....