News

October 08, 2008

Amiad Would Make A Tasty Morsel For One Of The Big Water Companies

By Sally White

Some trouble Amiad is used to – after all, it was born on an Israeli kibbutz forty years ago. But the newly listed AIM water filtration company ran into a whole lot of unfamiliar flack this spring – exit of a major shareholder, stock market upsets at its unfamiliarly lumpy order flow as drought hit irrigation sales, and the mega mark-down on small emerging market stocks all around the world as investors worried about rising interest rates. More than enough to bring the shares down 44 per...