Brokers Hargreave Hale gave the following Valuation for HMY

VALUATION
The nearest comparisons to this Group are Sondex, trading on a current year multiple of 14 and Weir Group which typically trades on multiples of 12 plus. We would argue that Hamworthys prospects are brighter than both these companies in view of the strong order book and the global positioning. Fully taxed earnings of 13p this year and 16.5 p for the 2005/6 end March, suggests a current year PE of 9.9x and a prospective PE of 7.8x. There is a prospective yield in excess of 4%. If trading on a similar PER to Sondex the shares would be valued at in excess of 180p. We would argue that a premium to Sondex is justifiable, in particular because of the potential ramp up to sales as a result of the new product pipeline now gaining client acceptance in what is in any event one of the fastest growing markets in the world.

"Shares" Article relating to Hamworthy (HMY) posted below for info.

With a following wind these shares should double over the next year or so.

Some catty folk in the City say the flotation last month by Collins Stewart
could have been handled better, i.e. at a higher price. It was certainly over
subscribed but the rating is half that of similar oil sector service companies
including Sondex.

Wave your magic wand Jason, we need these moving up.

cheers Gf.

How do you rate Moss international [ MOI ] any views, please.

Any ideas why Sondex fell by 11.5 points by 9:15?

Well guys I rate both of them very highly, but I havent yet had time to take a look at the Sondex fall. Seems rather strange that it as fallen by so much.

I still think this one and especially Corac are the ones to be on in the picks and shovels bracket.

cheers GF.

gf - cast my wand across HMY this morning and looks like it had the desired effect. On the move at last on a very small volume, perhaps the MM's have learnt a lesson on this one?

Well done Jason , its looking good.

cheers Gf.

On a roll now (small lol) but will go on and on and increase, just you watch.

cheers GF.

Amazing drops back even when buys outnumber sells.

Wave that magic wand again please Jason.

cheers GF.

GF

Looks like Jason did wave the magic wand. Up 1% not a lot but in the right direction.

MS

Good news.

cheers Gf.

Good move upwards in the SP today, about time, my wand is getting worn out!!

One strange thing I have just noted, the name of this thread has changed back to the original?

Cracking move up in price Jason.

Would have a word with Ian about the heading.

Just done a search with the code and this is all I could find.

cheers GF.

Not clear why the price has moved up so much today but loving every minute of it.

Look on ADVFN.

MS

jasonwalt - I will get JT to take a look - unfortunately, it will be tomorrow now as he has finished for the day.

Ian

Cheers Ian, how do you do that? Telepathy?

jason - nah I just read the posts :-) I will let you know when it is sorted.


Ian

Thanks again.

jason

Looks like the jump in SP was due to a number of large buys going through around 3pm.