Warren Buffett’s observation on exorbitant executive pay in full view at Water Intelligence
The US focused leak detection business appears to have had an excellent year in 2018, but dig a little deeper and there are some unsavoury aspects as our Blog here reveals.
The headline comment in the annual results statement of 45% growth in revenues from Water Intelligence PLC (LON:WATR) fails to present a true picture of what has really been going on at this US based provider of leak detection solutions.
While sales climbed to $25.5m from $17.6m in 2017, much of this was due to the Company acquiring franchisee businesses, thereby assuming the franchisee revenue in its entirety rather than simply the franchise fees as previously.…
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