Recent Insider Transactions • Mar 25
Non-Executive Director recently sold AU$732k worth of stock On the 23rd of March, Edouard Peter sold around 505k shares on-market at roughly AU$1.45 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$717k more than they bought in the last 12 months. Announcement • Mar 17
Rivco Australia Ltd, Annual General Meeting, Apr 17, 2026 Rivco Australia Ltd, Annual General Meeting, Apr 17, 2026. Location: gilbert suite, adelaide convention centre, north terrace, adelaide sa 5000, Australia Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.06 to AU$0.068. Revenue forecast unchanged at AU$19.4m. Net income forecast to shrink 51% next year vs 14% growth forecast for Water Utilities industry in Australia . Consensus price target broadly unchanged at AU$1.70. Share price was steady at AU$1.50 over the past week. Reported Earnings • Mar 02
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: AU$0.14 (up from AU$0.06 in FY 2024). Revenue: AU$52.1m (up 109% from FY 2024). Net income: AU$21.9m (up 135% from FY 2024). Profit margin: 42% (up from 37% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is expected to decline by 50% p.a. on average during the next 2 years, while revenues in the Global Water Utilities industry are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 02
Upcoming dividend of AU$0.037 per share Eligible shareholders must have bought the stock before 09 October 2025. Payment date: 31 October 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (3.6%). Major Estimate Revision • Sep 08
Consensus revenue estimates increase by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$38.5m to AU$46.4m. EPS estimate unchanged from AU$0.15 at last update. Water Utilities industry in Australia expected to see average net income growth of 15% next year. Consensus price target of AU$1.73 unchanged from last update. Share price was steady at AU$1.48 over the past week. Reported Earnings • Sep 01
First half 2025 earnings released: EPS: AU$0.16 (vs AU$0.053 in 1H 2024) First half 2025 results: EPS: AU$0.16 (up from AU$0.053 in 1H 2024). Revenue: AU$43.2m (up 116% from 1H 2024). Net income: AU$24.5m (up 197% from 1H 2024). Profit margin: 57% (up from 41% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Global Water Utilities industry are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 15
Australia acquired 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) in a transaction valued at approximately AUD 120 million. Australia entered into a sale agreement to acquire 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) in a transaction valued at approximately AUD 120 million on March 6, 2025.
Settlement of this transaction is subject to receipt of the required water authority approvals for the transfers. It is expected that settlement will occur 10 business days after receipt of such approvals.
Australia completed the acquisition of 30,614.7 megalitres of water entitlements from Duxton Water Limited (ASX:D2O) on May 15, 2025. The AUD 121 million of the transaction has been settled and the remaining AUD 0.3 million is expected to settle next week. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Brendan Rinaldi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Duxton Water Limited, Annual General Meeting, May 30, 2025 Duxton Water Limited, Annual General Meeting, May 30, 2025. Location: gilbert suite, adelaide convention centre, north terrace, adelaide sa 5000, Australia Upcoming Dividend • Mar 31
Upcoming dividend of AU$0.037 per share Eligible shareholders must have bought the stock before 07 April 2025. Payment date: 24 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.7%). Major Estimate Revision • Mar 11
Consensus revenue estimates increase by 47% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from AU$26.2m to AU$38.5m. EPS estimate increased from AU$0.067 to AU$0.137 per share. Net income forecast to grow 130% next year vs 16% growth forecast for Water Utilities industry in Australia. Consensus price target down from AU$1.76 to AU$1.70. Share price was steady at AU$1.34 over the past week. New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 203% Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Declared Dividend • Mar 01
Final dividend increased to AU$0.037 Dividend of AU$0.037 is 3.1% higher than last year. Ex-date: 7th April 2025 Payment date: 24th April 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but not covered by cash flows (203% cash payout ratio). The dividend has increased by an average of 18% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: AU$0.06 (up from AU$0.048 in FY 2023). Revenue: AU$25.0m (up 19% from FY 2023). Net income: AU$9.33m (up 47% from FY 2023). Profit margin: 37% (up from 30% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 19
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$28.4m to AU$24.8m. EPS estimate fell from AU$0.065 to AU$0.048 per share. Net income forecast to shrink 24% next year vs 11% growth forecast for Water Utilities industry in Australia . Consensus price target of AU$1.76 unchanged from last update. Share price was steady at AU$1.35 over the past week. Upcoming Dividend • Oct 03
Upcoming dividend of AU$0.037 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 25 October 2024. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Australian dividend payers (5.9%). Higher than average of industry peers (3.4%). Declared Dividend • Sep 01
First half dividend increased to AU$0.037 Dividend of AU$0.037 is 5.7% higher than last year. Ex-date: 10th October 2024 Payment date: 25th October 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (148% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 5.5% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Aug 31
Duxton Water Limited to Report First Half, 2024 Results on Aug 30, 2024 Duxton Water Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Aug 30
Duxton Water Limited Declares Fully Franked Dividend, Payable on October 25, 2024 Duxton Water Limited declared fully franked dividend of 3.7 cents per share, Payable on October 25, 2024. Record Date is October 11, 2024. Franking is fully franked (30% tax rate). Upcoming Dividend • Apr 04
Upcoming dividend of AU$0.036 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 26 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.8%. Lower than top quartile of Australian dividend payers (6.2%). Higher than average of industry peers (3.7%). Announcement • Mar 21
Duxton Water Limited, Annual General Meeting, May 29, 2024 Duxton Water Limited, Annual General Meeting, May 29, 2024. Declared Dividend • Mar 02
Final dividend increased to AU$0.036 Dividend of AU$0.036 is 5.9% higher than last year. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 55% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: AU$0.048 (down from AU$0.084 in FY 2022). Revenue: AU$20.9m (up 4.8% from FY 2022). Net income: AU$6.33m (down 37% from FY 2022). Profit margin: 30% (down from 50% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Oct 16
Duxton Water Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 27, 2023 Duxton Water Limited announced ordinary dividend of AUD 0.03500000 for the six months ended June 30, 2023. Record Date: October 13, 2023. Ex-Date: October 12, 2023. Payment Date: October 27, 2023. Upcoming Dividend • Oct 05
Upcoming dividend of AU$0.035 per share at 4.1% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 27 October 2023. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (7.2%). In line with average of industry peers (3.8%). Reported Earnings • Aug 26
First half 2023 earnings released: EPS: AU$0.024 (vs AU$0.037 in 1H 2022) First half 2023 results: EPS: AU$0.024 (down from AU$0.037 in 1H 2022). Revenue: AU$9.82m (up 42% from 1H 2022). Net income: AU$2.84m (down 36% from 1H 2022). Profit margin: 29% (down from 64% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Aug 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (37% net profit margin). Shareholders have been diluted in the past year (29% increase in shares outstanding). Announcement • Aug 25
Duxton Water Limited Announces Interim Dividend for Year 2023, Payable on 27 October 2023; Reaffirms Dividend Guidance for the Final 2023 and Interim 2024 Duxton Water Limited announced and declare the interim 2023 dividend of 3.5 cents (fully franked) to be paid to shareholders on 27 October 2023. The company reaffirmed dividend guidance for the final 2023 and interim 2024. For the final 2023, the company expected to pay the dividend of 3.6 cents (fully franked). For the interim 2024, the company expected to pay the dividend of 3.7 cents (fully franked). New Risk • Aug 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Aug 03
Duxton Water Limited has completed a Follow-on Equity Offering in the amount of AUD 44.230806 million. Duxton Water Limited has completed a Follow-on Equity Offering in the amount of AUD 44.230806 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,743,602
Price\Range: AUD 1.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,743,602
Price\Range: AUD 1.5
Discount Per Security: AUD 0.075
Transaction Features: Rights Offering New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Upcoming Dividend • Apr 06
Upcoming dividend of AU$0.034 per share at 3.8% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: AU$0.084 (vs AU$0.071 in FY 2021) Full year 2022 results: EPS: AU$0.084 (up from AU$0.071 in FY 2021). Revenue: AU$20.0m (down 32% from FY 2021). Net income: AU$10.0m (up 17% from FY 2021). Profit margin: 50% (up from 29% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 06
Upcoming dividend of AU$0.033 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (3.3%). Reported Earnings • Sep 01
First half 2022 earnings released: EPS: AU$0.037 (vs AU$0.017 in 1H 2021) First half 2022 results: EPS: AU$0.037 (up from AU$0.017 in 1H 2021). Revenue: AU$6.92m (down 59% from 1H 2021). Net income: AU$4.44m (up 112% from 1H 2021). Profit margin: 64% (up from 13% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Duxton Water Limited Declares Interim Dividend for 2022, Payable on 28 October 2022 and Provides Dividend Guidance for the Final 2022, Interim 2023, Final 2023 and Interim 2024 The Board of Duxton Water Limited formally announced and declared the interim 2022 dividend of 3.3 cents (fully franked) to be paid to shareholders on 28 October 2022.For the final 2022, the company expected to pay the dividend of 3.4 cents (fully franked).For the interim 2023, the company expected to pay the dividend of 3.5 cents (fully franked)For the final 2023, the company expected to pay the dividend of 3.6 cents (fully franked)For the interim 2024, the company expected to pay the dividend of 3.4 cents (fully franked), to be paid in the second half of 2024. Announcement • May 02
Duxton Water Limited, Annual General Meeting, May 30, 2022 Duxton Water Limited, Annual General Meeting, May 30, 2022, at 10:30 AUS Central Standard Time. Location: Jerningham Room, The Lion Hotel, 161 Melbourne St North Adelaide South Australia Australia Agenda: To receive and consider the Financial Report, Directors' Report and Independent Auditor's Report for the financial period ended 31 December 2021; to consider the Remuneration Report; to consider the Election of Director Brendan Rinaldi; to consider the Election of Director Dennis Mutton; and to consider the Approval of 10% Placement Capacity. Upcoming Dividend • Apr 06
Upcoming dividend of AU$0.032 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 29 April 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.8%). Announcement • Apr 04
Duxton Water Limited Appoints Brendan Rinaldi as an Independent Non-Executive Director The Directors of Duxton Water Limited announced that Mr. Brendan Rinaldi has been appointed as an Independent Non-Executive Director of the Company effective 1 April 2022. Brendan is a Chartered Accountant with over 17 years of experience in accounting and finance. He commenced his career with PwC before moving to KordaMentha during the GFC. Brendan has spent the last nine years at ANZ, where he has held various leadership roles across risk, commercial lending, agribusiness and health sectors. Originally with an irrigation farming background, Brendan grew up in the Southern Riverina of NSW and still maintains close involvement in his family's operation. Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 1.0%. The fair value is estimated to be AU$1.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% per annum over the last 3 years. Earnings per share has grown by 7.9% per annum over the last 3 years. Announcement • Mar 04
Duxton Water Limited Provides Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2021, Payable on April 29, 2022 Duxton Water Limited announced ordinary fully paid dividend of AUD 0.03200000 for the six months ended December 31, 2021. Ex Date is April 13, 2022. Record Date is April 14, 2022. Payment date is April 29, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: AU$0.071 (down from AU$0.073 in FY 2020). Revenue: AU$29.3m (down 26% from FY 2020). Net income: AU$8.54m (down 1.8% from FY 2020). Profit margin: 29% (up from 22% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Duxton Water Limited Provides Final Fully Franked Dividend Guidance for the Year 2021 Duxton Water Limited provided final fully franked dividend guidance for the year 2021. The company provided guidance of 3.2 cents per share as final 2021 dividend. Upcoming Dividend • Oct 07
Upcoming dividend of AU$0.031 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 4.2%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (2.8%). Reported Earnings • Sep 05
First half 2021 earnings released: EPS AU$0.017 (vs AU$0.036 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$16.7m (down 9.5% from 1H 2020). Net income: AU$2.09m (up AU$6.42m from 1H 2020). Profit margin: 13% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Duxton Water Limited Provides Interim and Final Fully Franked Dividend Guidance for the Year 2021 and 2022 Duxton Water Limited provided interim and final fully franked dividend guidance for the year 2021 and 2022. The company provided guidance of 3.1 cents ($0.031) as the interim 2021 dividend; 3.2 cents ($0.032) as the final 2021 dividend; 3.3 cents ($0.033) as the interim 2022 dividend; and 3.4 cents ($0.034) as the final 2022 dividend. Upcoming Dividend • Apr 08
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 30 April 2021. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.4%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS AU$0.073 (vs AU$0.064 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$39.6m (down 59% from FY 2019). Net income: AU$8.70m (up 17% from FY 2019). Profit margin: 22% (up from 7.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 23
New 90-day low: AU$1.35 The company is down 2.0% from its price of AU$1.38 on 25 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 4.0% over the same period. Announcement • Dec 18
Duxton Water Limited Announces Board Changes The Directors of Duxton Water Limited advised that Vivienne Brand has been appointed as an Independent Non-Executive Director of the company at a meeting of the directors on 25 November 2020. A qualified lawyer with an early career in commercial legal practice who now specialises in corporate law research, governance and ethics, Vivienne Brand has several decades of broad governance experience on a range of not-for-profit boards and management committees, including as a Chair of Governance. The Company announce that Peter Michell will retire as a Non-Executive Director of the Company, effective at the Company 2021 Annual General Meeting. Is New 90 Day High Low • Dec 07
New 90-day high: AU$1.40 The company is up 9.0% from its price of AU$1.29 on 08 September 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 1.0% over the same period. 
