For me Fridays announcement is the single most important annoucement in the company’s history. It is a confirmation of the strategy and the entire premise for the merger of the previous entities. They have proven their ability to be a product of choice for a massive emerging market. The water services industry is big and competitive but they have found a niche product with good margins that can be rolled out in scale. Expect a re rating as the investment community start taking interest.
FLC Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
