I was just having a look at the PUB that manages Singapore’s...

I was just having a look at the PUB that manages Singapore’s water
supply. The population of Singapore is around 5.5 million people so
they service around twice to almost 3 times as many people as what
the WA water board does who supplies water to around 2 million people.
The PUB manages Singapore’s entire water network which includes storm
water reclamation, either 2 or 4 desalination plants, 17 storage reservoirs
and a network of 3500 kms of deep tunnel sewerage pipes all designed to
preserve Singapore’s very precious water resources. I guess that’s why this
contract with PUB is an exciting opportunity and will be material to EVS as
they cross sell and go deeper into the PUB’s operations. Incidentally the PUB
also likes to share information about their experiences in regards to ESG with
others around the world so I can’t help but think there is a lot of short sightedness
currently going on in regards to EVS’s SP. At some stage the market is going
to catch on. Not sure what others think but Singapore’s market is 2.75 times
the size of the WA water board from my preliminary investigations. I already
did the calculations on what I thought the WA water board’s ARR could be to
EVS at full capacity after + POC so 2.75 times that calculation is compelling
should it all fall in to place with Singapore’s PUB. Any thoughts anyone as to
what people believe the PUB is likely to contribute to ARR and what the WA
water board is likely to contribute to ARR after POC? From my perspective
EVS’s current valuation is reflective of current earnings only and isn’t factoring
in the potential of the combined SAM said to be in total of $4 billion. Even only
capturing 10% of the SAM at $400 million in 10 years time on a PE of 30 times
in a growth stock values the company at $12 billion or $9 per share give or take
a little. I’m not trying to get ahead of myself but this will be a potentially explosive
company at some stage and has massive upside potential if it only captures 10%
of the market that it is chasing. If it captures more well gee whiz we are in for one
hell of a ride going forwards. GLTAH and those that aren’t current holders, cheers