As you said the traction is definitely there and in the presentation today in the Case Study of Thames Water, EVS said the following:
Thames Water currently operates 348 wastewater treatment facility sites across an area of 13,000 sq km. Approximately 10% of these sites are considered to be relevant to Envirosuite in terms of size and location.
If we take that at face value, it's 5 sites down, 30 to go and that is just a single client in a single massive global market, one of multiple massive global markets that Envirosuite's suite of products addresses.
It should be clear for all to see that Envirosuite has a very strong future ahead of it and I am happy to be holding for at least the next three years to see where we end up.
I certainly don't see any downside holding this for the long-term given its current market cap of $20m which is bugger all for the growth trajectory the company is now on.
EVS Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
