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.

What no news yet??????????,

Anything in Shares Mag?????????????.

cheers GF.

A little pull back in line with the market today. Very light selling, little volume. This usually preceeds a sharp rise - here's hoping!

Pondy

Yes Im suprised nobodyys taken advantage of the price pull back.

cheers GF.

Two very large Buys at the very end of the day. 400 thosand shares bought in 2 transactions. Shares should rise In the morning.

cheers GF.

for those keeping a watchful eye on STAR, UBS bought over 4% of their shares earlier in the week - see RNS

Well im suprised at the price with this one. Anyway added again myself this morning not many just a couple of divi returns.

cheers GF.

Keep a watch out for contract news. Plenty of speculation this weekend on other boards.

cheers GF.

Nice to see this one back on the gravy train.

cheers GF.

Notched up again.

cheers GF.

Good to see this one back positive again today....some contract news & then we will see a sharper move

I agree with you g64946, the sooner the better.

cheers GF.

Another one up early doors. NICE.

cheers GF.

Hitting new highs.

cheers GF.

nice jump at 11am,
whats the word on the street on this one as I cant find any recent news??

Looks like some are in the know here. Strange that we get this activity after a week of nothing.

cheers GF.

Star Energy up 4.6% today ....... perhaps Hamworthy and Star are starting to move in unison.

ticking up nicely - nice & gentle, always a better ride with the fundamentals making this a smart buy imho

A excellent stock to be in. Good long term potential.

MS

nice 'n' steady. great long term anchor stock!

Ticked up just now.

cheers GF.