Fluence Corporation Limited (ASX: FLC) has secured a contract for the operation of the company’s first seawater desalination plant in the Bahamas and that will be starting within six months. According to the release, the contract with Rav Bahamas Limited is for the supply and installation of three smart packaged Fluence NIROBOX SW units at their Resorts World property which is located at North Bimini, Bahamas. Further, the NIROBOX units are already manufactured and will treat three million litres per day i.e., 800,000 gallons per day of seawater from a well intake and it will provide potable water for drinking, irrigation, and operations for the resort that includes the newly built Hilton hotel, the local homeowner’s association serving over 300 homes and condominiums, and the municipality of North Bimini. This is the first Build, Own, Operate & Transfer (BOOT) contract of the company in the Bahamas with the objective of rising recurring revenues for the company. Moreover, it will also provide the further opportunity to expand its operational wings into the hotels and resorts sector which has a tremendous opportunity because of several factors such as high reliability, lower energy consumption, low maintenance and small footprint. With this announcement, FLC’s stock climbed up 1.28 per cent with intra-day traded volume of around 487,736 before market close. It traded at $ 0.395 with the market-cap of circa $161.95 Mn as of July 16, 2018, 3:30 PM AEST.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.