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.

Hey Mickey, does you broker do Ofex shares?, Ive found one thta a real corker and certain it should be a multi bagger. Vicorp its called and is in the Voip market. As some fantastic clients. If you have a chance have a look at the ofex site, its going to be real big and the company as a real solid balance sheet.

cheers GF.

Greetings all,
Just counting my blessings for the day that I bought into HMY. A regular little money machine - and still a long way to go. Happy days are here again - or should that be Hamworthy days are here again?

Pond Life

Although not a huge investment, this was also the day that I bought in!

Have been snooping since beginning of year but decided that this was the time - the Shell/Qatar deal finally convinced me that LNG and in particular this company has potentail both now and long term.

Shame I didn't get in earlier but have very good feelings going forward. More contracts for HMY please!

Cheers,
Stuart

PS. GF aka rombulus1?

Stock still maintaining its gains.

Cheers GF. Stuart yes. GF had been taken.

Moved up a notch.

cheers GF.

GF: moved up a notch??? more like its just about to take off.
Low volume today and look at the gains.
This one is the best performer in my portfolio with 35% gains since getting in. Luvely jubbly.

nice close today up 6% against the flow
a lot more to come as contracts and newsflow
comes through
a steady riser about to put it's foot on the
gas and realy take off
all the best

HUSTLER

Err... Hustler surely you mean 'put its foot on the liquified natural gas'.

good to see somebody is paying attention pl
it may have been a criptic clue
reasuring you see the potential
winner all the way
all the best

HUSTLER

Could be huge this one.

cheers GF.

like i mentioned a few weeks ago, if this continues to go up by a couple of pence/%ages points each day/week, then im for one will be more than happy. with some good news flow just round the corner i agree with you GF that this will be huge,

A down day across all the small cap board, not company specific. No reason to sell.

cheers GF

Buy volume more than sell volume but were still down, shows what a rotten day the markets having.

cheers GF.

Might even gpo positive with the Yanks being up now.

cheers GF.

Still has massive long term potential - as someone said earlier - just happy to watch this tick up a few pence per week - every week

Baza

Super looking chart and gets stronger by the day.



cheers GF

bought in again today gf
4th time now either mad or crazy can't deside
fortune favours the the brave they say
but in this case the only way is up with confidence
all the best

HUSTLER

LNG and Qatar was part of the 10pm news last night on BBC1. The UK will take a 5th of its gas from Qatar in the winter of 2007/8.

Hows that for awareness of LNG. Hamworthy can only benefit from this news article.

http://news.bbc.co.uk/1/hi/business/4303551.stm

Good news spot accord, pretty dull start today but not to worry the momentum is with us. Opened document out.....................................

Last Updated: Monday, 28 February, 2005, 06:30 GMT

Qatar and Shell in $6bn gas deal

Qatar is trying to cement its position as a major player in gas
Shell has signed a $6bn (3.12bn) deal with the Middle Eastern sheikhdom of Qatar to supply liquid natural gas (LNG) to North America and Europe.
The UK-Dutch group will own 30% of the project, with Qatar's state oil firm owning the rest.

The agreement is the latest in a string of deals reached by Qatar, which is trying to make itself a regional leader in natural gas.

US oil giant ExxonMobil signed up for a $12.8bn deal earlier on Sunday.

France's Total is expected to join the ExxonMobil scheme, dubbed Qatargas-2, on Monday, taking 5 million tonnes of LNG a year.

ExxonMobil will be taking some 15 million tonnes each year for 25 years from the end of 2007 under the deal.

Shell's agreement, under the name Qatargas-4, foresees the building of new facilities to handle 1.4 billion cubic feet of gas, and 7.8 million tonnes of LNG each year from 2011 onwards.

cheers GF.

The future for this looks just great. With all the new investment that is going to be made in the industry HMY are in a prime position. Any predictions for 12 months? I see 3+ easy. Oooo am I ramping...no just being positive.

MS