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.

Nice way to start the week guys! Let's hope it keeps ticking up like this.

Yup up nicely.

cheers GF.

Still moving northwards. Heres the tip recommended by the Mail.

In saturday's mail hamworthy received a good write up from brian o'connor.

The main focus of his article is on the fact that with oil resources starting to struggle with demand the spotlight will switch to gas.
He says

There is loads of gas to export from countries like russia, libya and egypt.
To move gas, you need either a pipeline or freezing facilities. At minus 160 Celsius, you get liquefied natural gas (LNG) which can be shipped.

The US gets just 1 percent of its gas from LNG imports at present but this could rise to 15 percent by 2025. That brings us to Hamworthy, the gas and pumping systems group in Poole, Dorset, which floated on the Aim market in July. While being shipped, gas must be kept frozen lest it heat up and "boil off."

Hamworthy is a leader in developing a system to re-freeze it. This should enable oil companies to order much more efficient diesel-powered tankers.

Building of gas tankers is growing fast. Stockbroker Hargreave Hale says 33 tankers will be delivered this year, 45 next year and 59 in 2006.

Hamworthy has already landed orders for pumping and sealing systems and should land more. The order book is UKpound 98m, nearly double its market value. Operating profits rose to UKpound 6.2m last year on sales of UKpound 93m.

cheers GF

Thanks for posting that GF.

Cheers J.

Yup up another 4p on the day, good stuff. Cracking company. It took Sondex a while to get noticed in the City and I beleive its not even really started with this one.

cheers GF.

Should be more northward movement in this over the coming days.

cheers Gf.

GF, The fact that Sondex is one of the companies tipped to go into the FTSE Small Cap is a good indication of the potential for HMY. As you mentioned once HMY gets noticed by the City it will really get going.

Well its up again Jason and all buys showing.

cheers GF.

Can't help but smile everytime I check the price and it has moved up further!!

Its certainly motored over the last few days Jason. You should be well up.

cheers Gf.

Yep sure am, glad I took the initial gamble and got in early. It's encouraging to note that when the share price started to move, the larger orders of 1k+ were getting a good discount, this no longer appears to be the case if you look at the last few buys of up to 6k, could be due another tick up before close of play!!

Big Smiles, J.

GF, and up she goes again, as hoped and predicted!!

Information gleaned from another BB but posted for your info. Will try to get the full article and post for further info.

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.


J.

This one is turning into a real beaut !!!

Excelent Broker note Jason.

cheers GF.

Come on Jason , get your finger out LOL, more sells than buys for the first time in ages.

cheers Gf

Now buys are ahead.

cheers Gf.

Had to give a few buyers a nudge this morning, slackers, lol.

Got to move up soon 74k buys v 16k sells.

cheers GF.

gf, we could do with a couple of slow days as far as upward movement goes to make sure the price does not get ahead of itself. Another day like today with plenty of buys but only a small price movement will be good I think. Then again I could be wrong, so GOOD advice is always greatly recieved.