Amiad Water Systems Share Discussion Threads

[cnx] 19/5/2010 12:38

yeasterday was first time buy here...................looking to build a small portfolio around water. all holdings must pay dividend

[ted32] 18/5/2010 17:36

cnx....thanks for the information. Another reason why AFS is undervalued.

[cnx] 18/5/2010 14:28

From Water and Wastewater.com

Industry News
Amiad Filters Key Component in Singapore NEWater
By Ellie Hanson
May 12, 2010 - 2:03:48 PM




Kibbutz Amiad, Israel -- Amiad Filtration Systems, a global provider of innovative water filtration technologies, announced today that its ABF series pre-treatment filters are a key component of the now fully-operational Changi NEWater Plant, Singapore's fifth and largest NEWater plant. The Changi plant has a total production 228,000 m3/day.

Amiad Filtration Systems provided 11 top-of-the-line ABF 15,000 filtration systems to the Changi NEWater plant, which began its first phase in May 2009 with a production capacity of 69,000 m3/day.

Amiad was selected for the Changi plant based on its unique filter design, self-cleaning capabilities, and proven operation in the first NEWater plant in Singapore, which began operation in 2000. In fact, the flexibility and reliability of Amiad's filter installations, and their proven effectiveness has seen their introduction into all five of Singapore's NEWater plants; Changi, Bedok, Sletar Kranji and Ulu Pandan.

"The success of our filters is based on our dedication to providing creative, efficient and highly reliable solutions, as well as outstanding customer support," said Arik Dayan, CEO of Amiad Filtration Systems.

"We are very proud to play such an important role in Singapore's NEWater production and to contribute our expertise to the newest Changi NEWater plant, one of the world's largest and most impressive water recycling facilities."

Now fully operational, the Changai plant is expected to supply nearly 15 percent of Singapore's water needs. When added to the other four NEWater plants, this number rises to 30 percent of Singapore's current water requirement.

Amiad ABF filters are heavy-duty strainers with a self-cleaning capability, manufactured in a range of treatment capacity sizes. They are used in NEWater facilities for the effective pre-treatment of secondary treated effluent. After this screening, subsequent micro-/ultra-filtration (MF/UF) and reverse osmosis (RO) treatment technologies from various manufacturers are used to produce NEWater.

The NEWater is used mainly for direct supply to industrial users with high standards required for their feed-water, and a small proportion of NEWater is blended with rainwater in reservoirs as a raw water feed to produce water for potable use.

Summary of Amiad Units in Singapore NEWater Facilities:

• Bedok NEWater Phase 1: 4 units of ABF10,000
• Seletar NEWater: 4 units of ABF 10,000
• Kranji NEWater: 4 units of ABF 10,000
• Ulu Pandan NEWater: 11 units of ABF 10,000 HF
• Bedok NEWater Phase 2: 8 units of ABF6,000
• Changi NEWater: 11 units of ABF 15,000

Source:

[ted32] 13/5/2010 11:35

after a bit of consolidation, are we about to see the next leg upwards?

[simon gordon] 04/5/2010 20:31

GCI - 28/4/10:



Despite mild disappointment in terms of the delayed recovery in the irrigation segment, Amiad continued to make further inroads into new geographies last year, including Turkey, where it acquired a business in 2008, India, earmarked as a huge area of growth, and Chile, where the company built on its mining industry successes and secured two projects for cooling water for a large engineering group. Elsewhere, large projects were delivered in the municipal sector in the Philippines and Amiad began to see a return to growth in Africa.

In the midst of acquiring fellow Israeli water filtration outfit Arkal in a deal that will enhance the product portfolio and boost 2010 profits, Amiad is a dividend paying business with compelling global growth fundamentals. The shares, significantly up from the 183.5p at which we urged buying in December, should have further to go, so consider topping up your holdings.

[simon gordon] 29/4/2010 16:35

Equity Development - 21/4/10:

Amiad Filtration Systems

Amiad is an Israeli-based, London listed producer and global supplier of water filters and filtration systems for the industrial, municipal and irrigation markets

ENCOURAGING RESULTS TO 31 DEC, 2009

 Although Amiad was affected by a significant slowing of the irrigation sector, their traditional market, in the recent global economic downturn, there were many positive developments in other existing markets as well as in the new geographical markets of China, India (targeted as the company‟s main growth area in Asia) and Turkey. Thus, despite the severity of the downturn in some of its markets, Amiad reported a moderate reduction in revenues of 5.7% to US$69.1m (from US$73.3m in the previous year). Operational efficiency gains, rigorous cost control and beneficial FX movements, however, saw an improvement in gross margins (to 48% from 46%) and a 22% increase in net profit to US$ 6.5m.

 In addition to a successful year in Asia for the municipal, oil and gas, and other segments, South America saw continued good performance from the mining and oil and gas sectors, and there were increased deliveries in Western Europe and a return to growth in the municipal sector in Africa.

 Amiad‟s vision of becoming a global company that develops, manufactures and markets advanced water filtration products and solutions to the irrigation, industrial, municipal and oil and gas segments should take a significant step towards realisation with the successful outcome of its current cash and shares bid for Arkal Filtration Systems. Arkal has been Amiad‟s rival in the domestic market for over four decades, and would bring advanced polymer technology and complementary market channels.

 Amiad‟s strategy of forming local alliances and enhancing its presence in those growth markets expected to invest heavily in water infrastructure projects is already paying off

 Amiad is maintaining its dividend for the year of US$ 0.078, and at the end of the period had cash and cash equivalents of US$8.6m (2008: US$6.5m).

We have long regarded the 'agrisector' as one that needs urgent attention by all nations to avert crises in food and water supply in the future (see our review July, 2009) and see clear corporate 'winners' from these necessary actions.

Amiad's shares, with a return to growth in its traditional markets and the completion of the Arkal transaction imminent, look to have a very attractive future under new leadership, and are still on an undemanding multiple despite good recent performance.

[simon gordon] 22/4/2010 17:11

Moneyweek - March 2010:

Make money from the global water shortage



One indirect play on this area is MoneyWeek favourite Amiad Filtration (LSE: AFS), an acquisitive industrial engineer and global supplier of low-maintenance, self-cleaning filtration and irrigation systems. After a decent recent run – the share price has ticked up around 18% in the last six months – the forward p/e ratio is still a modest 9.4 and the price/earnings growth (PEG) ratio just 0.8. The firm's forecast dividend yield is 2%, with expected cover of just under five times. Hold it if you've got it, buy it if you don't.

=====

Cost of Arkal deal as flagged by AFS in January 2010:

"Under the terms of the agreement, the consideration for Arkal will be satisfied
by a combination of a cash payment of $10 million, to be paid to Beit Zera, and
the issue of new ordinary shares of 0.5 NIS of Amiad, in an amount that will
constitute 14.5% of the Company's issued share capital (on a fully diluted
basis) immediately following the completion of the transaction
("Consideration Shares"), of which 9% shall be due to Bermad and the remaining
5.5% to Beit Zera. The Consideration Shares will be subject to a lock-in and
orderly market arrangement, and will rank pari passu with Amiad's existing
ordinary shares in issue."

[nfs] 21/4/2010 11:41

I have been watching this for a little while.Good area to be in,rating not too bad despite the strong recent rise,net cash,paying a divi,international business.I'm hoping for a post results pull back to allow me to get in at a lower price
Impressive that PBT grew in 2009.All bodes well for the future

[ted32] 16/3/2010 19:16

We have take off! The results are due on the 15th April.

[m.t.glass] 15/3/2010 15:50

"Sorry, this market is only open for closing deals" says IG Index just now..

[ted32] 15/3/2010 12:43

Yes Ted, it would appear to be so.

[ted32] 15/12/2009 13:03

Is this the start of a major move upwards?

[investinggarden] 26/10/2009 12:23

Buy/Hold recommendation from Growth Company Investor

[shavian] 21/10/2009 07:18

Hello Amiads. Found this in Money Week and recce'd the company website. I've liked agriculture as a strong theme, and here's an LSE-listed company making a fair profit which nobody seems to know about yet. I'm in.

[rathkum] 22/9/2009 16:23

Agree good set of results. Panmure has a 210p target. Any pull back and I am in.

[ted32] 22/9/2009 16:01

I'm surprised that this thread has been silent for so long. A good set of numbers from the interim results and a slow upward movement in the share price. I believe that we are at the start of something big.
Sorry if this appears to be ramping.

[cerrito] 29/7/2009 22:16

did anyone go to the AGM??
While I am not a shareholder I wanted to go to get a feeling if they are about to delist but it did not work out that way

[rathkum] 10/6/2009 18:37

I was patiently waiting to get in around the 120p but I guess I may have missed the boat after today's rise. Artoka selling out threw me a bit, think they may have sold out at 140p to the Israeli private equity

[ted32] 10/6/2009 15:55

Hello altom! We all know this stock has taken a beating,but I'm in for the long term.
Speak to you again. Hopefully when we get above £2.

[altom] 10/6/2009 15:28

where is everybody ? no answers to my post on May 5th. is anybody out there ? Today more sells than buys but up 5.5%. what is happening ?

SPEAK TO ME SOMEBODY.

[altom] 05/5/2009 08:44

presumably investors in AFS see water shortage as a world problem in future as I do. I also have ROWAN,TETRA and WATTS WATER, all NYSE. Does anyone have any comments about these ? Anything further about AFS delisting ?

[rathkum] 02/4/2009 22:41

Yes Cerrito, this could be delisted and taken private. Sadly there is no mileage in being listed on AIM as things stand so I guess this is where it is leading to.

[cerrito] 02/4/2009 17:19

rathkum
That did not raise my eyebrows at the time as I was never quite sure what Artoka were doing there; it was not possible for me to get info on them and I was always left with the fear that like several of their countrymen they would need liquidity and thus need to sell these shares.
At the same time given the Israeil ownership/management it made sense to me for Viola to come in
That having been said given the concerns at shareholders who can access 75%+ of the shares to vote to take AFS private there is a concern that the Kibbutz and Viola would team up to delist.
I do not see this as happening but in this day and age it is an additional risk that one runs.

[rathkum] 02/4/2009 15:51

I always wondered why Artoka the Icelandic investment house sold out their 24% something to an Israelie private equity. Wait for a pull back before I am tempted