After a year of stumbling around and ranging HAMP has finally broke out (see a chart)...and looks set for a run up this year...

Brokers buy notes (see yahoo), good contact wins...all looking positive on charts...cant see it failing really..

any thoughts?

Repeating last Friday brokers notes ............

From FT.com - Saturday 21 August 2010

SMALL CAPS: Hampson Industries seen as value

Hampson Industries rallied 9.1 per cent to 21p after Liberum analysts said the aircraft engineer was too cheap to ignore after last weeks profit warning.

The groups stretched balance sheet and reputation as a serial disappointer means the stock trades at a 30 per cent discount to its sector, said Liberum. But trading should bounce back thanks to a swarm of new aircraft platforms and a large potential order from Boeing could take the stress off the second half. It moved to a buy rating with a 35p target price.



Indicators turning UP

23.45p paid on the plus market for 84K, there is plenty of demand now as volume goes over 720K already on the LSE,
plenty more at "Plus market"

After the last fews days retracement, since yesterday is moving higher again with volume, the MACD is very positive as is moving into divergence

Another positive day at 22p middle price closing price

should be at least 30p today imo - gla
HAMPSON WINS RECORD $53 MILLION TOOLING ORDER http://www.investegate.co.uk/Article.aspx?id=201009160700127956S

Well done gibby..

Plenty of upside now as there is BREAKOUT on the CHART, plus a very strong order book / level 2 on the bid side at the moment



edit - I will add another 2 month chart as the - money am - candlestick is not shhowing the starting point high on the day of Profit warning last August, should be 28p high of the day and from that point ther is a GAP to 50p

2 month candlestick

Holding strong, close to the best of the day

huge volume 12M at LSE

Broker News & Views

Hampson Industries raised to buy from hold at Investec, target price stays 40p.

Liburum Capital has a note out today saying Buy:

The shares are trading on a striking CY11 P/E of 4.2x and EV/EBIT of 5.3x.
Our 35p price target implies 75% upside."

Director buying today
Christopher Vincent Geoghegan

shares acquired 181,302
@ Price per share 27.25 pence

Date and place of transaction
16 September 2010

Hampson inks 33.9 million tooling contract with Boeing

Tresa Sherin Morera, 12:58, Thursday 16 September 2010

BANGALORE (Reuters) -British aero engineer Hampson Industries Plc said it received its largest ever tooling contract, which four analysts believed was from Boeing Co (NYSE: BA - news) , the world's second-largest commercial plane-maker.

News of the $53 million (33.9 million pound) contract, which comes after months of delays in converting Hampson's quote pipeline into firm orders, sent the company's shares up as much as 59 percent to 32.25 pence in morning trade on the London Stock Exchange (LSE: LSE.L - news) .

"It's a massive vote of confidence from Boeing and I suspect it marks a bit of an inflection point for the company," analyst Ben Bourne of Liberum Capital told Reuters.

Hampson's tooling business has been hurt by delays at a number of aircraft programmes, such as Bombardier Inc's Lear 85 and Boeing's 787, leading the company to issue a profit warning last month.

"An order of this size has to be one of the orders they (Hampson) were desperate to get in order to stop the rot in tooling," said Graham Webster of Arden Partners (LSE: ARDN.L - news) .

Hampson shares have lost nearly two-thirds of their value since the company issued the profit warning in August, underperforming the FTSE All Share Aerospace & Defence Index , which has risen more than 6 percent in the same period.

Hampson, which competes with BAE Systems (LSE: BA.L - news) , Cobham (LSE: COB.L - news) and Meggitt (LSE: MGGT.L - news) , among others, expects to meet analysts' current consensus estimates for full-year pretax profit of 13.6 million pounds, said Howard Kimberley, the company's finance director.

Hampson, with a market value of about 55 million pounds ($85.96 million), expects the contract value to be realised over a year, and said it did not require significant capital investment.

"They are a bit strapped for cash at the moment," Arden's Webster said.

Hampson, whose net debt at end-July stood at 99 million pounds, also said it was conducting a full review of its operations, which may result in the sale of certain assets.

"Whether or not it (the latest contract) is enough to make absolutely certain that they don't have a covenant problem is another thing. I'd like to see a few more orders to make absolutely certain that they don't have that problem," Webster said.

West Midlands-based Hampson's shares were up 53 percent at 31 pence at 12:49 p.m. British time.

Further move up this morning, as another director bought shares yesterday

Peter Barlow, Non Executive Director, bought 28,775 shares in the company on the 16th September 2010 at a price of 29.16p. The Director now holds 163,765 shares.

Cash in the lot in two trades @ 35.50p, it looks like the high has been reached short term and now profit taking is taking place

Gap down this am.

Going well in 2011.

sold my holding a few weeks ago, in the hope of being able to get back in lower down, but they're a stubborn bugger, and every time i look, they're at the same price i sold at - 36.5p.
any of you clever chartist types out there agree that a fall back to c.32p is likely ?

Now that the dispute is over the shares should performe with the trading of the business .........


Hampson settles dispute with Erlson

International aerospace group Hampson Industries has reached a settlement in its dispute with Erlson Precision Holdings.

The dispute concerned the sale of Erlson Precision Components Ltd - formerly Hampson Precision Automotive Ltd - to Erlson. Judgment was originally awarded in favour of Erlson in April, requiring rescission of the sale and purchase agreement and the transfer of HPAL back to Hampson.

Hampson applied for permission to appeal the judgment.

However, both parties concluded that it was in their and HPAL's best interests to agree that HPAL should be retained by Erlson.

Hampson has agreed to pay 1.5m to Erlson and to make a contribution to Erlson for the costs it incurred in the litigation.

This will be accounted for under discontinued operations in the year ended 31 March 2011. Chairman Chris Geoghegan said: "While we were disappointed with the original ruling, the board is pleased to have come to a final agreement with Erlson which enables us to put this issue behind us." Hampson said trading continues to be in line with management expectations for the current financial year.

Trading continues to be in line with management expectations for the current financial year. The Group will announce its preliminary results for the year ended 31 March 2011 on Thursday 30 June 2011.

Rising for the last couple days, some good news for Boeing - adds to future work, including some for Hampson..........


http://online.wsj.com/article/SB10001424052702304432304576369183889074472.html

NEW DELHIThe Indian government approved a plan to buy 10 C-17 Globemaster III airlifters from Boeing Co. for $4.1 billion in the South Asian nation's largest military transaction with the U.S.

India Confirms $4.1 Billion Boeing Order