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.

I got stopped out.

Recovered well after dip in July and particularly active today - one of the better performers in my portfolio at present. Results due next week and will need to be good.

Results headlines look fine, but hardly any cash generated from operations. Always a bit nervous on companies with overseas domicile, so I have decided to bank a good profit.

Amiad Water Systems - Full year results

clcik here