First published in AIM Investor: the Water sector on AIM: Cleantech magazine, Volume 6 Issue 6 - December 2012
Hydro International supplies wastewater and stormwater equipment and has developed the StormBank rainwater systems product range (in three versions for domestic, garden and commercial use). An underground tank collects rainwater; excess water overflows to a surface water drainage system. A control panel in the house senses the use of the toilet or other taps connected to the system and water is pumped out of the tank. Other taps remain connected to the mains drinking water.The UK, Ireland and the US are the major markets. Hydro originally floated on the Main Market of the London Stock Exchange in 1994 before moving to AIM in 2004.
In the first half of 2012, the UK wastewater division was the only one which saw a significant increase in revenues, with Thames Water orders generating £4 million, up from £3 million.
There was no repeat of the large contract won by the US wastewater division in the first half of 2011. However, a C$4 million order has been secured, which will come through in 2013 and 2014. New equipment launches will also help future sales. The stormwater operations, which are dependent on new build, continue to find trading tough.
Water Sector Stock Performances 2012
|Company ||Mkt Cap (£m) ||Share Price end Dec 2011||Share Price (12 Dec 2012)||% change 2012 |
|Wasabi Energy Ltd||36.85||1.6||1.225||-23.4|