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Share Name Share Symbol Market Type Share ISIN Share Description
Amiad Water Systems LSE:AFS London Ordinary Share IL0010943905 ORD ILS0.5
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00p -4.88% 195.00p 190.00p 200.00p 205.00p 195.00p 205.00p 17,253 15:03:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 83.1 3.8 10.4 17.9 44.89

Amiad Water Share Discussion Threads

Showing 276 to 300 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
That 10% stake taken seems to have stepped the price up. Potential to be acquired perhaps?
Market giving its approval of the Indian acquisition. Bought after a nice cup & handle formed during late June.
Have taken profits here. Still decent value, but no longer compelling.
And has now risen 50% from the 120p I paid; and still looks cheap.
Debt over last ten years has remained low, and is lower than 5 years ago. Tangible gearing of 20% is scarcely unbearable. look at the almost year on year increases in tangible asset value for the last decade. This is a financially very sound company with a decent long-term record of increasing shareholder value. Far too cheap.
Kibbutz owns 48% of the company, hardly a sign of not backing the company. Last results were decent. Whilst the company could be described as being from Isreal, it is a global business that has been around for some time, it isn't a recently floated pile of garbage. This company should be worth 50 - 75 million, not 30 million. I hold and will continue to do so. Some decent buying recently as well.
Looked at this, they are cheap for a reason... - Israeli, increasing debtors, poor cashflow margin etc etc. No recent director buying, in fact none for a while apart from significant sell of £9m in 2013. Bargepole stock.
Good to see this moving up in an absence of news. The sheer cheapness of the shares in relation to current assets and the encouraging forward outlook mean these are manifestly under-valued. (And clearly off the radar of most investors. Hence the bargain valuation.)
Article involving CEO Dori Ivzori written in Hebrew on Jan 2015. hxxp://
Gorgeous looking chart - shame the 12% spread is such a rip off you cant touch it
Been thinking in rather a lack luster way of going back in; share price will be affected by £ strength and of course Viola ditching 3.5% in such a thinly traded stock will not have helped. That having been said the Oct 18 trading statement did not inspire optimism with the forecast that H2 13 revenue will be the lowest 6 month figure since 2010
Evening Standard today ran a story on Matthew Sheldon the K Benson fund manager's purchase oif shares as per 11 Dec RNS; also interesting ti see Impax had increased their stake. Perhaps the share price have reached their bottom. Sheldon was quoted as saying it was a unique opportunity to get a stake.
According to ShareScope house broker Nomura has materially cut FY turnover expectations to 79m from 95m. It would appear that the house broker reduced expectations on 10th September. share price surprisingly unaffected, DYOR
staverly:> Many thanks for your 241. Had just coome to have a look as now hit a 6 month low but in an area of potential future growth but your comments re managmentand lack of a competent person to answer question plus breakdown of shareholders have persuaded me to look elsewhere. IMO given the concentration of shareholders maybe this coy should not be listed. e&oe.
Just got round to looking at their FY. I await the AR in suspense as cannot make sense of the cash flow statement. Appreciate some help as to how cash flow from operations appears as 15.4m
The company is right when it says in this morning's release that it has the right solutions and is in the right markets. That having been said the results were good but not sure if good enough to justify the current sp; having had these quite often in the past I have none now and not buying at these prices. As I have said before such is the shortage of pure water stocks in the worldwide equity markets do not see a big downside here but the spread is quite high and also remember they have a stable shareholder base. As they indicated the second half weaker; of the after tax profit, $4.2m earned in the first half and $3.7m in the second with sales in the second half at $64.6m down from $66.4m in the first half. The second half did have a very strong operating cash flow and the financial structure is appropriate. Will keep watching and I note their comments that the first half will be sluggish
cnx: yeah, that hadn't escaped my notice. You know my views. Last year they reported on 29th March so still maybe time to sit this one out. Good luck
last year there was a trading statement on 23 january
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+.
Cerrito: Hope for your sake you didn't make the journey to the AGM. It was a sham. Just 2 members of board present: CEO, who wasn't comfortable speaking English and officious NED. Proceedings very formal so no chat over coffee before or after permitted. They couldn't finish it up quick enough and no financial questions pertaining to annual report were addressed as no competent person present. I bought some shares last November and reluctantly sold them as soon as prelims were released in March, as IMHO,they did not pass muster. Having seen H1 it would appear that share price grossly overpriced , so should travel south on long steady journey and deservedly so; TP: < £2
Revenue increased 13% during the period as a result of solid revenue growth in the traditional Irrigation and Industrial segments, and significant revenue growth in the new segments of Ballast Water and Oil & Gas. The company noted that there was a decline in the Municipal segment revenues due to the constraints on public funding and projects, particularly in the US and Europe, as a result of the politico-economic environments of those geographies. Due to signed contracts and backlog to date, the company expects the revenues in the Municipal segment to recover in the second half of 2012 and that the percentage contribution to 2012 revenues will be similar to that for 2011.
Gone through the annual report and footnotes to see if anything noteworthy. Short answer not too much; could not find normally available information on where in terms of product lines they get their profits from. Note 11 shows they have a good maturity profile of their bank borrowings. Page 76 shows they have a good geographic diversification of their sales. One thing I have mentioned to them at AGM's over the years is that difficult to get a handle on if they are a servicing company, a manufacturing company or an engineering company. Before they did not provide a good breakdown of inventories; now they do in Note 7 where the highish amount of work in progress and raw materials suggest they do a fair amount of manufacturing. Page 16 reminds us that 58% of the shares are held by various Israei agricultural coops, 19% by Israel based Viola Private Equity and a combined 9%odd held by Impax and Framlington; ie a concentrated shareholder base and apart from Impax's selling of in Feb no real change in the shareholder base. Will try and get to the AGM
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.
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.
Note this morning's increase and one can understand the reason given that they have scored goals in 2 different areas and certainly the desalination market could be very important for them going forward. Too bad I lightened up a bit in the last fortnight.
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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