Make your money go further for just 25p per day

12 March 2019: A day for dishonest reporting

12/03/2019 · Staffline Group PLC (STAF)  · Water Intelligence (WATR) 

AIM UK

AIM balloon flying through the city of London

In a big day of announcements from AIM, two companies have stood out as the worst offenders of a lack of honesty in reporting. We’re fed up of companies using complicated accounting and a range of adjustments to hide terrible figures.


Water Intelligence (LON: WATR) the provider of leak detection and remediation solutions, whose primary business operates in the United States, boldly announced year-on-year revenue growth of 44%. However, a closer look through the results reveals that this highly impressive growth largely arose simply because the company acquired several franchisees, thereby bringing the franchised results onto its own income statement.

In this instance, sales growth is hardly an honest measure to quote given the dramatic shift…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Staffline Group PLC

Coronavirus impact: 23 Sept - profits soar for this lockdown beneficiary

23/09/2020 · Company Insights

The work at home environment has been great news for a provider of software solutions for…


Staffline problems worse than feared

17/06/2019 · Company Insights

After casually brushing past £20m of exceptional costs in a trading statement in January (enough to push…


More on Water Intelligence

Episode 6 of the Investor’s Champion Podcast

18/02/2024 · Podcasts

In this episode of the Investor’s Champion Podcast, Chris and Lee run through key stock market…


Fantasy returns | Dividend appeal | Flying high

15/02/2024 · Company Insights

A small cap publisher covered here delivered another positive trading update, bringing more upgrades. The valuation…


More Company Insights

Delightful reporting | AI attributes | Puzzling business

All about the cash flows

This Bonkers Bargain is a little gem

11/06/2024

Sign-up to our free email updates

SIGN UP