PET has recently demonstrated that water is a very lucrative business, especially in China. The water sector on the ASX is just starting to gain some street credibility and exposure.
There are only a handful of players in the water market on the ASX, two of which are leaps ahead of the others... we have a speedboat in PET ... low cost base and one primary engine for revenue .. and then we have FLC, the cruiseliner with a high cost base, but multiple sources of revenue across the entire water treatment spectrum.
PET has given the market an insight to what could happen when FLC breaks even (in the next 6 months) and some traction is gained in China, US, Sth Americas, Egypt, Europe, SE Asia, Africa .... regions where we are already on the ground and winning new business.
This is a very opportune time for the market to get on board, given the expected announcements due this quarter. The more eyes looking, the greater the price action when the announcements come out.
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