Amiad Water Systems Investors - AFS

Amiad Water Systems Investors - AFS

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Stock Name Stock Symbol Market Stock Type
Amiad Water Systems Ltd AFS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 364.00 01:00:00
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cjohn: 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.)
investinggarden: Buy/Hold recommendation from Growth Company Investor
altom: 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 ?
celeritas: Blooming Deserts Turn Israeli Water Industry Into Money Magnet By Tal Barak July 30 (Bloomberg) -- At the end of a road winding through Israel's Negev desert, the entrance to Kibbutz Hatzerim is flanked by jojoba shrubs jutting from the arid earth. The grove is the result of drip irrigation developed by Israeli engineer Simcha Blass in the 1960s that enabled the kibbutzniks to farm the desert. The company they started, Netafim Ltd., has sold the product in 110 countries from Germany to Peru. ``The founders were living in the middle of the desert and saw one agricultural failure after the other,'' Naty Barak, 64, a director at Netafim, said at the kibbutz visitors center. ``Back then it was their problem, but now it's a global necessity.'' Today, some 300 Israeli companies make equipment to deliver water or purify it with lasers or diffusion, putting them in a position to profit as climate change, population growth and food shortages strain supplies. With agriculture accounting for about two-thirds of global water use, the Israeli government predicts overseas sales of the technology will top $10 billion by 2017. As a result, the businesses are attracting investors. Amiad Filtration Systems Ltd., which will help manage sewage treatment at the Beijing Olympics, is up 49 percent in the past year in London, giving it a market value of about $75 million. Deere & Co., the world's largest maker of tractors and combines, on June 5 agreed to buy Israel's Plastro Irrigation Systems Ltd., Netafim's main competitor in agricultural irrigation, for an undisclosed sum. `Track Record' More than 1.1 billion people, mostly in Africa and Asia, don't have clean drinking water, according to the World Health Organization. Global food prices, meanwhile, surged 57 percent in March from a year earlier, United Nations data show. ``There is a growing lack of water in the world, and people are realizing now that it's an issue that's gaining momentum,'' said Nir Belzer, managing partner of Tel Aviv-based Gaon Agro Industries Ltd.'s $65 million clean-technology fund. ``In Israel, there's already a track record for water companies.'' Belzer's fund invested in closely held Desalitech Ltd., a Tel Aviv-based company that invented a way to take salt out of water using 20 percent less energy than standard reverse osmosis. Amiad, founded 45 years ago on a kibbutz, developed what it calls ``suction scanning,'' a new way of filtering pollutants from water. It has a contract to remove iron from drinking water in Ramenskoye, a town near Moscow. Atlantium Technologies Ltd. uses ultraviolet light to zap deadly organisms, a method employed by Coca-Cola Co. `Conservative Market' Two-thirds of Israel is desert. In the Arava region, south of Hatzerim, the average annual rainfall is less than 50 millimeters (2 inches). Wastewater there is cleaned for drip irrigation to grow fruit and vegetables, 80 percent of which are exported to Europe, Barak said. Israel's Water Authority started a countrywide campaign in July to conserve resources as the Sea of Galilee, the main source of drinking water, dries up. Israeli companies still face challenges finding investors and developing sales. While demand for water is high, few customers are willing to commit to new products, said Oded Distel, director at the Ministry of Industry, Trade & Labor. ``Israeli water-technology companies are dealing with a very conservative market that isn't always tempted to try the most innovative solutions,'' Distel said. ``Municipalities around the world are hesitant to try a new technology.'' With Netafim's system, farmers bury pipelines underground, allowing them to drip water and fertilizers directly onto the roots of their crops through devices that control the pressure and quality of the liquid. Going Global The company expects to double sales within a few years, according to Chief Executive Officer Ofer Bloch. Sales increased 25 percent to $500 million in 2007. ``An amazing agronomic knowledge has developed in Israel in the past 40 years, which we are now selling to the world,'' Bloch, 48, said at his Tel Aviv office. One Netafim customer, Sociedad Agricola Drokasa SA in Peru, uses 10,000 miles of drip irrigation hoses. The company, known as Agrokasa, picked Netafim 12 years ago when starting production of avocados, asparagus and grapes. ``We contacted Netafim because we weren't just looking for hose, plastic or dripper suppliers, we were looking for a partner in technology,'' Jose Chlimper, Agrokasa's chief, said by telephone from the company's base in Lima. The global water industry, which includes waste treatment, valves, pumps, filtration and desalination equipment, is worth about $400 billion, according to Francesca McCann, an analyst at Stanford Group Co., a Washington-based research company. ``There was little incentive to conserve water, but now with rising commodity prices and the climate change, that will boost demand for more efficient technologies,'' McCann said. The market will reach $537 billion by 2010, according to Israel's Ministry of Industry, Trade & Labor. At Kibbutz Hatzerim, surrounded by grass and trees, Barak displayed the first adapted hose used on the site. ``About 60 years ago, there was nothing here, only a dry wasteland,'' said Barak, a kibbutznik for four decades. ``This was the start of the development of a serious industry.'' To contact the reporter on this story: Tal Barak in Tel Aviv at
rathkum: Water palaver By Georgina Mitchell It is hard to exaggerate the importance of water to human society. In markets that are increasingly looking towards commodity prices as drivers, we are yet to see the real impact of the increasingly scarce, though essential resource on exchanges. Industrial and precious metals, grains, livestock, timber – all these things are now directly accessible to investors. They are relatively easy to price because they are traded on mercantile exchanges. Water, however, is not exchange-traded, and therefore cannot be accurately priced. Investors wanting to gain from the rising demand, and reduced availability of clean, fresh water, must look at investing directly in companies or funds for the time being. As competition over fresh water sources intensifies, there will be an increased demand for technology that can make previously unusable water potable. Amiad Filtration is an Israeli company listed on London's AIM market. It argues that in order to sustain quality of life and economic development into the 21st century, an efficient water filtration system is imperative. It sells to industrial, municipal, and irrigation sectors of the market. It has sold in 66 countries, and has sales offices in seven countries. The company has pioneered the use of 'suction scanning' technology, which allows for a self cleaning filter to perform very efficiently. It is now the industry leader in this field, and is the only major provider of this unique technology. The company recently provided an excellent update to the market, saying it expects to beat expectations in its fully year results, with an increase in revenues of around 27%. It has entered 2008 with a very robust order book. As political tensions increase around water supplies, this order book looks set to improve further. Although the company is now over 40 years old, and has been listed on AIM for over 2 years, trading is fairly volatile, as it is for many small-cap stocks at the moment. Modern Water is a holding company containing various businesses designed to address the growing problem of the availability of clean water. It currently has three businesses in its portfolio. One of these, Surrey Aquatechnology, specializes in desalinisation. The company expects that a "considerable portion of the desalinisation market will be captured." Modern Water also has a 51 per cent stake in Poseidon Water, which has developed technology that allows waste water to be treated with seawater rather than freshwater, reducing pressure on freshwater reserves in coastal areas. Cymtox, the third company in Modern's portfolio, owns the rights to an extremely advanced system of toxicity detection in water. FTSE 250 constituent Pennon invests in the provision of water and waste water services and waste management. It operates under two businesses South West Water, supplying water and sewerage works to Devon, Cornwall and parts of Dorset and Somerset, and Viridor a leading waste treatment and disposal business in the UK. Its latest trading statement reveals performance remains in line with management expectations, with South West Water on target to meet regulator OFWAT's requirements, and Viridor likely to deliver continued full year growth, when announced in June. In agreement with Pennon's expansion strategies December saw the group acquire Grosvenor Waste Management, a UK recycling company which provides them with portfolio diversification, and which sits well within the governments targets of reducing landfill. Continuing M&A speculation surrounding the sector looks set to continue with smaller companies like Pennon looking like the most obvious targets.
mikehardman: thanks to Rivaldo on HYD thread for a couple of general articles on water issues: - - - - - - - rivaldo - 5 Dec'07 - 10:40 - 2012 of 2015 Meanwhile, in yesterday's Times an interesting article about the battle for water as a scarce resource. The ADB's investment in water projects in Asia is to double to $2 billion - HYD already have licencees in Japan and Korea: "Mr Ban's comments were echoed by many of the other speakers at the water summit, who gathered in southwestern Japan to discuss a range of issues, including policies that might prevent the various aspects of an Asian water crisis deepening into armed conflict. Yasuo Fukuda, the Japanese Prime Minister, vowed yesterday that water and climate change would be at the top of the agenda for the Group of Eight summit in Japan next summer." "The Asia Development Bank, which was also represented at the Beppu summit, informed delegates that without rational water development and better management, the future social development of Asian developing countries would be seriously jeopardised. The president of the ADB, Haruhiko Kuroda, said that his bank now plans to double investment in Asian water projects to $2 billion per year, given the potential for conflict if water governance remains weak." - - - - - - rivaldo - 9 Dec'07 - 23:15 - 2014 of 2015 From today's Observer FYI, another article about water being the new oil: "In the City of London, there is a growing realisation that investing in water technology companies offers opportunities for savvy shareholders, and possibly for ethical investors. 'There is also an appetite from institutions for water-related investments - they know it's going to be big,' says Julian Sevaux, managing partner at Stanhope Capital. Olivia Bowen, an independent financial adviser at the Gaeia Partnership, says: 'New climate change funds have recently come to market; some are well established, such as Impax's Environmental Markets Fund.' GE and Dow Chemical are among big US companies diversifying into water services, while the UK-based Thames Water is expanding overseas. But the crux of the problem remains: according to a report from Credit Suisse, annual world water use has risen sixfold during the past century, more than double the rate of population growth. By 2025, almost two-thirds of the global population will live in countries where water will be a scarce commodity. And that could lead to conflict, as United Nations secretary-general Ban Ki-moon warned last week. Asia looks vulnerable, with China planning to syphon off Tibet's water supply to make up for shortages in the parched north. Elsewhere, the Israel-Palestine conflict is at least partly about securing supplies from the River Jordan; similarly, water is a major feature of the strife in Sudan that has left Darfur devastated. When it comes to this most basic of commodities, the stakes could hardly be higher."
nickcduk: 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.
simon gordon: 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.
nickcduk: 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.
gardenboy: price holding well considering the sale yesterday - no doubt the venture capitalists want to move on and other institutions happy to buy and Kibbutz Amiad are still holding 51% Notification of Interest 31 March 2006: The Company was notified today by one of its significant shareholders, Gaon Agro, a venture capital fund based in Israel, that it has disposed of its entire interest in the Company. Gaon sold 2,462,304 shares representing 13.05% of the entire issued share capital through a placing with institutional investors by Panmure Gordon & Co. Through the same placing, its majority shareholder, Kibbutz Amiad, also sold 257,429 shares representing 1.36% of the entire issued share capital. Kibbutz Amiad continues to hold 9,942,571 shares representing 51.01% of the issued share capital. Yossi Katz , CEO of Amiad, said: "We are grateful for the guidance provided by Gaon Agro over the past few years. Since Amiad was a non core part of Gaon's business, it was felt by the Board of Gaon Agro to dispose of its holding and crystallise value for their shareholders."
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