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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Amiad Water Systems Ltd | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 364.00 | 340.00 | 380.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/10/2006 08:05 | Ive found the reason for the fall. Suprise suprise, another Panmure note downgrading its price target from 265p to 180p. They still have a buy rating on it which is hardly suprising from the house broker. Sharp cuts in eps forecasts for the next 3 years suggests that this company has all been one massive pump and dump operation by them and the management. When the kibbutz and their other major israeli shareholder were selling out around 260p they were aware of how first quarter trading had been weak. They didnt bother to inform the market of how weak it had been. They then wiggled their way out of quarterly reporting so that they wouldnt be seen to be trading on insider information. Then we get dire results despite a sharp increase in marketing spend and a warning on margins and the market becoming more competitive. It wasn't suprising that Amiad dressed it up to be a whole lot nicer than that by saying they had a strong finish to the quarter and that they expect revenues to be higher in the 2nd half than last year. Its all too wooly for my liking. A few weeks later Panmure do their dirty work and tell the market the company isn't a growth stock and issue a profits warning on their behalf. It beggars belief the way the company and broker have acted throughout. | nickcduk | |
02/10/2006 07:12 | I see Amiad have taken a hammering over the last 2 sessions on very low volume. Does that suggest another negative broker note is out that im not aware of. Or are we simply in the process of seeing insider trading and that a profits warning is due anytime soon? Either scenario wouldn't suprise me. | nickcduk | |
05/9/2006 14:03 | Reading the 27 July AGM Statement and yesterday's H1 Results, I can't be convinced that this is a growth stock (I'm not holding AFS). | quickmind | |
04/9/2006 13:39 | watch the rebound lads,watch the rebound. | yufff | |
04/9/2006 08:01 | Dissapointing alright! May have to bail out. S. | sahara | |
04/9/2006 07:56 | Todays results are very dissapointing. Its not suprising really from the companies past track record. They should have put a profit warning out at the time of their full year results instead leading the market to believe that everything was rosy. As it is a sharp increase in sales and marketing did sweet FA for sales in the half. Rising raw material costs cannot really be blamed on the company but commodity prices havent risen much since the full year announcement so it doesn't really make sense that they didn't bother to alert the market to the fact back at the final results. Increasing competition doesn't bode too well either going forward and im sure thats not developed in the last few months alone. All in all with the big benefit of reduced fees to the kibbutz and a sharp fall in interest costs following the placing, the company still manages to report lower profits. I don't think many people would have come to that conclusion after reading the prelims. It just seems to confirm my theory of the massive pump and dump that took place with their second largest shareholder disposing of its entire holding at 250p+. Its disgusting the way the management have misled the market and shareholders and I guess thats being reflected in todays price action. | nickcduk | |
30/8/2006 18:14 | You certainly do Nephin. You may also be as astute to notice a wee double bottom. Bit of a gap up at the open which may need to be filled first but we do have a gap at 250 which needs to be filled also. Either way we are loooking extremely bullish looking at the high volume on the breakout. MACD may be forming a shoulder too. S. | sahara | |
30/8/2006 16:56 | Do I detect a small three month break out here? | nephin | |
30/8/2006 07:12 | Up we go! S. | sahara | |
26/7/2006 13:05 | I think so anyway, I like these quiet boards, its when they get real busy I leave. S. | sahara | |
26/7/2006 07:13 | Looking Good Yeah? S. | sahara | |
23/6/2006 08:56 | I think Amiad did what they needed to do to get their float away. Their website doesn't highlight any contract wins since December and their investor link just takes you to the lse home page. I think its pretty disgraceful really. Atorka must be fuming about being on the end of a major pump and dump by Amiads major shareholders. The financial year started 1st Jan and their results were out in late March. Thats almost 3 months of trading in the bag and they should have been patently aware of how trading was progressing. Instead they led the market to believe that trading was very strong and that allowed the founders to place nearly 15% of the shares into the market. I would be suprised if the founders werent insiders as to how trading was really progressing. Atorka have stopped buying stock now hence the share price collapse continuing as they are probably as clueless as the rest of us about what is really happening trading wise at the company. I think it was very convenient that Amiad also stopped reporting quarterly just at the time that it would have been apparent they were struggling. It is pretty disgraceful behaviour by both the company and Panmure for assisting in the pump and dump. | nickcduk | |
23/6/2006 08:37 | The guys from Iceland: | simon gordon | |
23/6/2006 08:35 | Chart has now completed the "give the shareholders the finger" formation. | wiganer | |
23/6/2006 08:33 | As they are a small company with very little coverage, that are not based in the UK, information is going to be poor unless the company are progressive. AFS has no data for investors on their website! I note that Icelandic investors have been buying a lot of shares and they must be furious with the recent price action, they have nearly lost half their stake. This pup could go down to a £1.00 if they don't get traction on the outstanding quotes. | simon gordon | |
22/6/2006 21:15 | Thanks for the update Simon. Its not suprising that the broker comment coincided with the collapse in the share price. I think its disgusting that Amiad didn't put out a trading statement regarding a slow down in orders. Im sure there are a lot of investors who have no idea about the content in Panmures note who have put the sell off down to market nerves when in fact it was all the insiders who were selling out. I sort of understand why Panmures didn't want to provide me with any information and also why the company kept on saying they couldn't help me. Ive emailed the company telling them that if they disseminate information selectively in the future Im going to report them to the FSA. | nickcduk | |
22/6/2006 18:59 | 18th May. 1H has been slow. Many quotes outstanding. Expects recovery in Q3. Anticipates they will buy another company later this year. HOLD. | simon gordon | |
22/6/2006 18:16 | What date was the Panmure note published? It seems as though this news could have been in the market for a while and helps explain why Amiad has been performing so poorly. I should really have done some more research on Amiad before I brought into it but its track record isnt particularly good. Its best year of late for sales growth was the year just ended and suprise suprise the year where major holders decided to sell out. In the last few year sales growth has been quite stagnant against what I would consider to be a bouyant worldwide sector. I may have to cut my losses on this one as it still isn't particularly cheap especially if order intake is still slow. | nickcduk | |
22/6/2006 07:24 | From the Panmure note. | simon gordon | |
21/6/2006 21:30 | Thanks for the forecasts simon. Out of interest where did you get the information that order intake is slow? | nickcduk | |
21/6/2006 19:01 | Panmure Gordon - EPS Forecasts: 2006 - 10.6p 2007 - 12.4p 2008 - 14.7p The reason the share price has crashed is that order intake is slow. | simon gordon | |
21/6/2006 16:08 | Well .... (with hindsight of course) then one of the initial holders selling their holdings earlier in the year might have been a good indication.... !! | don muang | |
21/6/2006 15:54 | Todays fall on hardly any volume isnt very promising. Ive been trying to get hold of broker forecasts for Amiad from the house broker Panmure. Their response was we are not telling you anything. So i email the company and ask them what Panmures forecasts are as they are the only analyst coverage out there. Their reply was that they can't help either. I hope the lack of help isn't a sign that trading isn't going particularly well. I read the admission document and it did suggest an unusual pattern of orders took place last year and so I get the feeling first half results will not look particularly good against strong comparitives. I hope todays action is simply a result of a seller looking to dump his stock and once a buyer has been found the overhang will clear. What i find strange is that the icelandic lot haven't been hoovering up stock when they were happy to buy so many shares at 50-60% higher than we are now. I guess lack of newsflow will dictate that the stock won't go significantly higher any time soon. | nickcduk | |
19/5/2006 14:56 | nickcduk Don't know if this is the one you are referring to but if not its still very relevant. As you say it doesn't matter that a few individual punters are selling in small lots either becuase they have been panicked by the general market conditions or maybe forced to sell to cover losses elsewhere its what the companies who are acquiring stock in AFS do that matters- I suspect within a few weeks we will find they have taken advantage of the fall back in the price to acquire some more stock - the mark down could even be part of an attempt to free up some stock to fulfill such a buying order - who knows. | tuffbet |
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