Many thanks.
The water industry is one of the most traditionally under-invested sectors, and few investors focus on water with the depth of understanding that exists with many other industries, said Diserio. But that has started to change.
My thoughts: the rock is beginning to move. Funds entering the sector is still a trickle. But I would rather come in at the basement now rather than the top floor of a crowded lift.
Encouraging to see instos starting to hold FLC. Article quotes William Page from Essex. See link for fund's performance. Some valuation matrixes for the fund. Price/Cash flow is 15.6X. That will guide me on what the market will pay for FLC. (https://www.essexinvest.com/wp-content/uploads/2019/10/GEOS-Factsheet-Q3-2019.pdf)
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