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.

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.

yeh - but only on the offer - just the spread widening by a penny.

Niver mind we'l certainly have better days.

cheers GF.

All buys this morning.

cheers GF.

News from my trader on the ground over there....................

For your info HMY are also active in Oman discussing business over the Tankers being built for the Gas deal between the Omani's and South Koreans...pick up any more info on that will keep you informed...

cheers GF.

End of year results on March 31st. Any thoughts?

Bought this for the long term but am interested in any information about the financial performance over the last 6 months and how this could effect the short-term sp.

Thanks in advance.

Didnt realise they were up so soon, only seems like yesterday when they gave out the last ones. Didnt they add on the contract news last time to the results Stu 1309?.

Must say Im very confident.

cheers GF.

Have to admit that I wasn't in the last time around :( Only got in during the dip in February after loitering since late last year.

I'm confident long-term but for all the speculation, there has been little news recently. Interesting though about the contract news being released around the results last time though. Looking at the chart for September 04, there was a spike in price and volume around this time.

This could be an interesting end to the month - currently MMG, soon HMY :)

You must be very, very happy just now given that you are also into VML!

Cheers,
Stuart

Too right stuart, I like you would love HMY to really go for it.

cheers GF.

Nice rise up this morning.

cheers GF.

This one hasn't been that affected by the negativity in markets this week either - good to see the +ve today - steady she goes.