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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amiad Water Systems Ltd | AFS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 364.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 364.00 | 364.00 |
| Top Posts |
|---|
Posted at 05/7/2021 22:34 by cerrito I have not been invested in AFS for some years but did well with them in the past.I keep a periodic watch on them and just seen that leaving AIM for Israel. As they are one of the few pure water plays sad news for AIM but I can hardly blame AFS for the decision they took. |
Posted at 09/9/2012 16:17 by cerrito staverly did not make it to the AGM; have been to 2 or 3 in the past and management have been friendly enough and willing to have a chat but the reality is that given their shareholder structure people like you and me are of no real importance to them.Indeed sold out as did not anticipate the significant increase-nor indeed the weakness of the last couple of days-the first half results were not that bad. The other reality is that there are very few water stocks around-especially those that pay a dividend however symbolic-and plenty of funds etcet very keen to get exposure to this sector. The reality is that shares will not go down to £2 for the reason above and also because I think they are competent operators..will keep on my radar but cannot see myself buying at £3+. |
Posted at 29/3/2012 14:40 by cerrito Frankly the second half was not good, surprising as they say that they had taken care of the margin pressures they had in the first half.Cash flow not good; net cash flow from operating activities was $1.2m(compared to $3m in first half) and with investing activities high and dividend payments of $2.4m, cash was down $3.1m even though borrowings went up by $4.5m. Revenue was down marginally in the second half compared to the first half and profit after tax in the second half was half of H1's.-$4.1m and $2.2m respectively. |
Posted at 05/3/2012 02:52 by cnx i have today reread the RNS reports for last 6 months and am convinced AFS is sound and on the right track. so have added to my holding by 33% in anticipation of record results and increased dividends ahead of april announcement. |
Posted at 17/6/2010 09:55 by ted32 I'm gutted by this profit warning. However, still regard AFS a good long term play. |
Posted at 19/5/2010 12:38 by cnx yeasterday was first time buy here................ |
Posted at 18/5/2010 17:36 by ted32 cnx....thanks for the information. Another reason why AFS is undervalued. |
Posted at 04/5/2010 20:31 by simon gordon 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. |
Posted at 29/4/2010 16:35 by simon gordon 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. |
Posted at 22/4/2010 17:11 by simon gordon 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." |
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