Israeli water filtration services co. listed on AIM, established in 1962 and came to the market in 2005. 20% of the population have no clean water, lack of sanitation affects twice as many. Water consumption is increasing at a faster pace than the world's population, which itself is growing. This co. has the know how to help alleviate the water shortages of the future.

Cap @ $28m. Int results to June 2006 :- T/O $22m ; profit before tax $2.2m ; gross margins 50.3% ; EPS 7.8 cents ; dividend 2.38 cents.

Not so much prompting steveo, more commenting on the sp as it improved, a bit like now really--- up another 6p atm, must be a buyer in the wings. Let's not forget that AFS was over 280p 18months ago, as for steady rises I say the bigger the better.
2517

Getting up to my "fair value" figure of 150p more quickly than expected. Await next set of figures with more interest than usual.

And straight through 150p today.Liking the look of this one.

Has held up well around 150p over the last month, despite general turmoil. Augurs well imo but always DYOR

Lots of buying today.
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Now 180p bid and steady small buying continues.

partridge--------A good day yesterday and another today, albeit on low volume today. End of year is 31/12/07 so looking good. I believe this is a sound growth stock.
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2517..Guess with a fairly illiquid stock it is not easy to deal in large volumes and ratio of buyers/sellers still leaves me with a comfortable feeling.Figures to end of Dec will hopefully show that on fundamentals it remains good value.

AFS has broken through 2 year resistance levels of around 180p and hopefully will continue upwards, there certainly appears to be some momentum behind them.
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Still looking good 2517...

Nice progress indeed partridge.
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I'm not very good with charts but to me there seems to be no serious resistance until the 270p mark. Perhaps someone could confirm or otherwise please, I looked at the 2 year chart. Thanks.
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Encouraging trading update today.

Yes revenue forecast above expectations at 56m+ which is good news, however they stated that the rise in raw material costs and US dollar weakness are putting pressures on its margins and financial expenses, so perhaps profits will not increase at the same rate.
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Reccomended today in Money Week as best stock in the water sector. Picked up a few more before the MMs read the article I think. Now up 13p on the day. One very happy punter.

Cracking rise so far today.
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Having another good day today. Like this one.

Yep partridge , has broken out of its previous range.

No resistance before 280p.

Looking even better now. Several press articles have this month emphasised that water and water services are a sector predicted to experience growth. This month saw the launch of a new water fund (ticker H2O)

Here is the very impressive statement issued today from Amiad:


"As stated at the time of the full year results on 26 March 2008, the Company has continued its programme to increase its sales and marketing efforts globally as it believes that global investment in water filtration and treatment systems will continue to grow. This ongoing investment saw strong growth in 2007 which continued into 2008. The first half of 2008 has seen increased trading in substantially all parts of the business compared with the corresponding period last year.

Order levels in the industrial & municipal segment have been good across all major territories. Overall, the Company's automatic screen filters have continued to gain traction. The thread filters too have seen strong growth, specifically, in the municipal for drinking water and industrial applications. This segment saw growth in all of its main territories, particularly in Europe, Australia and North America. In the US, the Company continues to perform well in its specialist project for the provision of clean water for liquid gas storage and for which the contract has been expanded.

Operations in the Far East have also shown significant growth. In South Korea, the Company has secured a large project using thread and pre-filtration filters and the project in Singapore of converting sewage water into drinking water continues to grow successfully. Other projects for the industrial sector include a breakthrough project in India for the use of Amiad's screen-filters in the petrochemical and power industries. The industrial sector in China is progressing well and the water cooling business in the petrochemical market with a customer in South America continues to perform strongly. Projects in Russia, including the use of Amiad's filters to remove iron from water to produce drinking water, as well as those in Kazakhstan and Ukraine, continue to make good progress.

Additionally, trading conditions on the agricultural side have continued to improve globally as a result of increased planting of crops such as corn, sugarcane and soya beans in response to the growing demand for alternative fuel sources. In Europe, the Company has seen a high increase in demand for the irrigation segment, with projects in Italy and France developing well. The Company is also pleased to report that it has recently secured a large filtration for irrigation project in Central Africa.

As a result, and as stated in the trading update of 15 July 2008, sales in the first half of 2008 have been significantly higher than in the first half of 2007 and the Company is expected to report a growth in revenues for this period well ahead of market expectations.

Revenues for the six months ended 30 June 2008 are expected to be approximately US$39m (H1 2007: US$27m), representing an increase of over 40% on the corresponding period in 2007. Additionally, although the continued rise in raw material costs and the increasing weakness of the US Dollar are putting pressures on margins and profits, net profits for the same period are also expected to exceed market expectations and be higher than in the same period of 2007.

Also, in the first half of 2008, the Company entered into an agreement to acquire a controlling interest in a Turkish company for a cash consideration of up to US$1.4m. The deal was completed in July 2008. This is an important move for Amiad adding a complimentary product line and manufacturing capabilities and enabling it to penetrate new territories. Sales of the Turkish company in 2007 were just over US$2m and it was profitable.

Looking ahead, the Company expects to continue to penetrate the water filtration market globally and has entered the second half of 2008 with a backlog higher than the corresponding period last year. As a result, the Company expects to report significant growth for the full year 2008 compared to 2007. The Company believes that the demand for its products is set to continue driven by the tightening in environmental and public health standards, as well as rising demand for clean water, and is looking forward to delivering sustained growth."

I got stopped out.