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.

Thanks for keeping us in the picture Paul. Wow this does look very exciting for the LNG industry and HMY.

cheers GF.

Well done paul, nice one.

MS

Looks good doesnt it Mickey. If we can capture some of that action this stock will be re rated for certain.

cheers GF.

I agree GF.

MS

Any ideas on MOS international (an oilfield services provider)...ticker symbol 'moi' lots of recent activity...and at only 0.008 pence...could be worth a look! some quite good info on the moi board.

Considering the carnage that's been going on elsewhere, these have held up well today. Lets hope its a good sign for next week

B2B

Same here.

cheers GF.

Not now they haven't. HMY has now joined the small cap party. The share price has tanked back to its intra day low of last week. If it can hold here then this is definately the bottom and time to top up on any rebound.
For now, I'm not touching anything. Those braver than me can go first.

Have I missed something or is this an excellent opportunity to buy at a good price?

Cheers, Madison

I sold out a couple of weeks ago at 225 to raise funds for SEO. This is the lowest they have been (with 1 exception) for a very long while and in my inexperienced opinion - this is an excellent time to get back in as I think this market is huge and this company is well placed to pick up future orders. I dont think this is a short term play - but it does seem to have good long term upside.

As I said I am no expert - others are far better able to espouse the benefits of HMY - but I am using some recent dividends and putting my money where my mouth is and buying back in

Baza

And theres more good news................................

STOCKHOLM, Sweden, April 19, 2005 (PRIMEZONE) -- Atlas Copco (Stockholm: ATCOb.ST - news) has received two large orders for integrally geared Advertisement

turbo compressors for a new application in the liquid natural gas (LNG) market. The total order value is about MSEK 240. The compressors will be used on board ships which will carry liquid natural gas from a large gas field in Qatar.

The two orders, received by Atlas Copco Energas, Germany, in Atlas Copco's Gas and Process division, are part of a large project. The compressors have been ordered by marine specialist Hamworthy Gas Systems based in Norway, for delivery to three Korean shipyards. The ships will operate between Qatar and the United Kingdom.

Delivery will take place between May and September 2006 to the shipyards in Korea, where the vessels will be built. The compressors will be used in an innovative way for re-liquefaction of liquid natural gas on board the ships, which are the largest ever of their type. Atlas Copco has been working with Hamworthy (LSE: HMY.L - news) for many years to develop this new process in an important growing market segment.

Says Bengt Kvarnback, President of Atlas Copco's Compressor Technique business area: ``Atlas Copco's Gas and Process division has made a long-term commitment in developing, together with Hamworthy, a highly efficient solution for the growing market of LNG tankers. This is now being rewarded with significant orders. With the strongly growing demand for natural gas, we are optimistic regarding our future business prospects for this market segment."

For further information please contact: Joanna Canton, Media Relations Manager +44 (0)1442 222 312 or +44 (0)7971 650 115

Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2003, the Group had revenues of approximately BSEK 45 (BEUR 4.9), with 98% of revenues outside Sweden, and about 26 000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, electric and pneumatic tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC, and CP Chicago Pneumatic. More information can be found on www.atlascopco-group.com.

The Gas and Process division is a division within the Compressor Technique business area. The division is responsible for development, manufacturing, and sales of large customised gas and process compressors as well as turbo expanders and their respective aftermarket products. The division's products are used primarily by the oil and gas, chem/petrochemical process and power industries and also by industries that specialize in the production of gases through the separation of air, to end-users. The Gas and Process division's products are typically highly engineered, based on a modular assembly system, and used in a wide range of process industry applications.The division has its headquarters and key activities at the Energas product company in Cologne, Germany. It has own direct sales and services resources as well as resources within the three main sales and application centers for Asia, Europe, and Americas.

cheers GF.

An excelent time to add and I have done just that.....................

citywire recommends again:
".... Another alternative energy source is liquid natural gas (LNG) which is a methane gas cooled to minus 260F. Since LNG is a natural gas, it burns clean and is environmentally friendly. At the moment LNG makes up only 6% of the worlds natural gas trade but is expected to grow on average 6.7% per year.

A stock that offers an indirect exposure to LNG is Hamworthy . This was mentioned as a trading idea on 10 February at 198p, the shares are now trading at a mid price of 235.5p, an increase of 18%. The company designs and makes LNG handling systems for tankers and has a healthy order book worth about 130 million. This stock is well worth keeping an eye on and should the shares slip below 230p it might be worth considering a top-up on existing long positions.

cheers GF.

You have great sources GF - that news does not seem to have hit the market yet ??

Baza

It will do sonn Baza you can count on that, oh weve just had a tick up. Going to add more of these aswell when a transaction is sorted out.

cheers GF.

Thanks for the info GF and paulgrip. Came in on these yesterday, and looking to add more soon.

Cheers, Madison

Glad to have you aboard Madison, Its ticked up again.

cheers GF

Ticked up again with two fairly large buys.

cheers GF.

Just a reminder for late commers..............

And theres more good news................................

STOCKHOLM, Sweden, April 19, 2005 (PRIMEZONE) -- Atlas Copco (Stockholm: ATCOb.ST - news) has received two large orders for integrally geared Advertisement

turbo compressors for a new application in the liquid natural gas (LNG) market. The total order value is about MSEK 240. The compressors will be used on board ships which will carry liquid natural gas from a large gas field in Qatar.

The two orders, received by Atlas Copco Energas, Germany, in Atlas Copco's Gas and Process division, are part of a large project. The compressors have been ordered by marine specialist Hamworthy Gas Systems based in Norway, for delivery to three Korean shipyards. The ships will operate between Qatar and the United Kingdom.

Delivery will take place between May and September 2006 to the shipyards in Korea, where the vessels will be built. The compressors will be used in an innovative way for re-liquefaction of liquid natural gas on board the ships, which are the largest ever of their type. Atlas Copco has been working with Hamworthy (LSE: HMY.L - news) for many years to develop this new process in an important growing market segment.

Says Bengt Kvarnback, President of Atlas Copco's Compressor Technique business area: ``Atlas Copco's Gas and Process division has made a long-term commitment in developing, together with Hamworthy, a highly efficient solution for the growing market of LNG tankers. This is now being rewarded with significant orders. With the strongly growing demand for natural gas, we are optimistic regarding our future business prospects for this market segment."

For further information please contact: Joanna Canton, Media Relations Manager +44 (0)1442 222 312 or +44 (0)7971 650 115

Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2003, the Group had revenues of approximately BSEK 45 (BEUR 4.9), with 98% of revenues outside Sweden, and about 26 000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, electric and pneumatic tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC, and CP Chicago Pneumatic. More information can be found on www.atlascopco-group.com.

The Gas and Process division is a division within the Compressor Technique business area. The division is responsible for development, manufacturing, and sales of large customised gas and process compressors as well as turbo expanders and their respective aftermarket products. The division's products are used primarily by the oil and gas, chem/petrochemical process and power industries and also by industries that specialize in the production of gases through the separation of air, to end-users. The Gas and Process division's products are typically highly engineered, based on a modular assembly system, and used in a wide range of process industry applications.The division has its headquarters and key activities at the Energas product company in Cologne, Germany. It has own direct sales and services resources as well as resources within the three main sales and application centers for Asia, Europe, and Americas.

cheers GF.



goldfinger - 20 Apr'05 - 08:43 - 564 of 569 edit



An excelent time to add and I have done just that.....................

citywire recommends again:
".... Another alternative energy source is liquid natural gas (LNG) which is a methane gas cooled to minus 260F. Since LNG is a natural gas, it burns clean and is environmentally friendly. At the moment LNG makes up only 6% of the worlds natural gas trade but is expected to grow on average 6.7% per year.

A stock that offers an indirect exposure to LNG is Hamworthy . This was mentioned as a trading idea on 10 February at 198p, the shares are now trading at a mid price of 235.5p, an increase of 18%. The company designs and makes LNG handling systems for tankers and has a healthy order book worth about 130 million. This stock is well worth keeping an eye on and should the shares slip below 230p it might be worth considering a top-up on existing long positions.

cheers GF.

Yep, quite a substantial thread to read through and I did skip a few pages. But excellent info in there.

It seems to me that the argument for LPG can only get stronger: greener, cheaper and with better performance. Government incentivising its use through reductions if fuel duty. Oil companies looking to a future in gas. No wonder tanker building predictions have risen...

Cheers, Madison

All great news, and seeing as we must be at the bottom of present weakness, am going to add again!