A new microcap (to me) appeared on my 52 Wk High radar this week called Amiad Water Systems (LON:AFS). It’s a boring Israeli water filtration/irrigation company that exports about half its sales. I have visited Israel on business on several occasions and know how much they value their scarce water resource, so I am guessing that Amiad’s water expertise confers a commercial advantage when exporting.
A new CEO took charge at the end of 2016 and I see that they are to report their year end numbers on 28th March. Amiad's diluted EPS doubled on a 6% sales increase in H1. The SR is 96 and F-Score 8, so not too shabby. Amaid passes the O’Shaughnessy Tiny Titan screen with low P/S and >50% 1Y RS.
I have taken a small initial position and would welcome any additional bull/bear background information that Stocko members can add? Thanks Ian
Hi Iwright7
I know this is an old post, but I thought I'd comment anyway, as the stock has risen significantly in the last few months.
I first started watching Amiad Water Systems (LON:AFS) when I used a different site to Stockopedia and I had set up a filter for Value. They cropped up due to the delta between MCAP and Book value. I bought them late last year after a breakout. Just a small position.
In addition, they now seem to have more cash than the market cap, so despite the high(ish) multiple, they seem to have a strong safety net (good liquid assets, humour me!).
I would probably have topped up on the last dip, but I have just bought Water Intelligence Water Intelligence (LON:WATR), so that probably enough H2O for now.
