Strong momentum with Q1 profits up 35%; comfortably in-line for the full year
A strong update from WATR this morning reinforces our fair value assessment of 500 pence with punchy revenue and profit growth continuing in Q1. The company expects comfortably to meet expectations for the current year, a rarity in the COVID-19 environment. This after WATR had already updated on an excellent FY2019E (PBT +36% YoY, both organic and acquired growth strong). Despite the YoY impact of reacquisitions, Fran ....
30 Apr 2020
WHI Morning Comment: Water Intelligence (WATR)
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WHI Morning Comment: Water Intelligence (WATR)
Water Intelligence plc (WATR:LON) | 318 0 0.0% | Mkt Cap: 55.3m
- Published:
30 Apr 2020 -
Author:
Nick Spoliar -
Pages:
4
Strong momentum with Q1 profits up 35%; comfortably in-line for the full year
A strong update from WATR this morning reinforces our fair value assessment of 500 pence with punchy revenue and profit growth continuing in Q1. The company expects comfortably to meet expectations for the current year, a rarity in the COVID-19 environment. This after WATR had already updated on an excellent FY2019E (PBT +36% YoY, both organic and acquired growth strong). Despite the YoY impact of reacquisitions, Fran ....