Kiss of death or a winner in 2023?......
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Liquid assets
Speaking of the essential liquid, the US based wastewater treatment mob Fluence (FLC) is an on-trend stock as far as ESG investing goes, but the shares have largely been unloved despite the company’s progress in securing global sales.
Fluence has a suite of patented and old-school treatment techniques, with a focus on build-own-operate contracts and other recurring revenue.
Fluence reported September (third) quarter revenue of $US29 million, 33 per cent higher with calendar year to date turnover of $US93 million, 39 per cent higher.
The company also lost $US7.2 million in the quarter and has launched a high falutin’ operational improvement program based on excising 10 per cent of its cost base ($US3 million).
With $US5 million of cash versus a $110 million market cap, Fluence does not look extravagantly valued, but we would like to see more of the top line growth flow to profits.
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.11M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53409 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 78500 | 1 |
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| Last trade - 09.59am 11/09/2025 (20 minute delay) ? |
| FLC (ASX) Chart |
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