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 had a small punt in these at 3.30 days but got out last time at 5.00+. Where do you see these going? cos I'm still keeping a close eye on these.

Up, but Im waiting for analyst upgrades.

I have cut back my exposure here very severely because the underlying fundies were more or less up with the SP.

With the new contract the goalposts have been moved again.

Good luck whatever you decide.

LONDON (AFX) - "Hamworthy PLC said it expects its full-year results to be in line with market expectations, with the company making progress in all of its principal products.

The designer and maker of marine and offshore fluid handling systems said the order book at Feb 28, 2007 stood at 254 mln stg for delivery over three years against 234 mln stg at Aug 31, 2006.

The company said its gas systems business has continued to experience strong demand in the second half.

It added that it looks forward to the future with confidence on strong orders and a positive outlook across all its principal product sectors.

Hamworthy will announce results for the year to March 31 on May 29."

It will be interesting to see the results tomorrow, but not really expecting anything exceptional.
A broker upgrade would certainly help, imo.

Thought they were in May HC.

Think youve read them the wrong way around.

You're right ! Damn.
More waiting..............!

Hamworthy plc
03 April 2007


Press Release 3 April 2007






Hamworthy plc



('Hamworthy' or 'the Group')





Hamworthy receives confirmation for LNG regasification orders with Samsung



Neptune LNG deepwater terminal receives Deepwater Port License





Further to an announcement issued on 26 July 2006, Hamworthy plc (AIM:HMY), a
world leader in the design and manufacture of innovative marine and offshore
fluid handling systems, announces today that it has received confirmation for an
order to supply onboard LNG regasification plants for two LNG Shuttle
Regasification Vessels ('SRVs') from Samsung Heavy Industries Limited ('SHI')
for a significant but undisclosed value.



The orders were subject to the proposed Neptune offshore LNG facility in
Massachusetts Bay, which these SRVs will serve, receiving a Deepwater Port
License from the US Maritime Administration. The License was received on 26
March 2007.



The SRVs have been ordered by Norwegian ship owner, Hoegh LNG with whom the
Group has been engaged in the development of onboard LNG regasification plants.
It is expected that the equipment for these SRVs will be delivered to SHI during
2008 and 2009.



The SRV system provides a method for delivering gas to market with a solution
that is safe, commercially competitive and environmentally friendly and which
avoids the need for an onshore receiving terminal.



The Neptune deepwater terminal will be located approximately ten miles south of
the City of Gloucester and 22 miles north east of Boston in water depths of
circa 250 feet and is expected to be fully operational in 2009. It is being
developed to provide between 400 and 750 million cubic feet of natural gas per
day - enough to service 1.5 million to 3 million homes daily in Massachusetts
and New England. It will fill a growing need as demand for natural gas in the
region is expected to increase by 1 to 2 per cent. per year over the next two
decades, with Massachusetts alone accounting for half of New England's natural
gas consumption.



An option for a further shipset of equipment is still in place but has not yet
been confirmed.



Kelvyn Derrick, Chief Executive of Hamworthy plc, said: 'The approval of the
Neptune project is a significant milestone for the Group. This project combines
the very latest in gas technology with environmental and safety regulations to
meet the ever increasing demand for natural gas from the US market. There is
considerable interest in further offshore LNG terminal services being
established, which will require LNG SRVs.'



- Ends -



For further information:
Hamworthy plc
Kelvyn Derrick, Chief Executive Tel: +44 (0) 1202 662 600
Paul Crompton, Finance Director
www.hamworthy.com

Certainly some volume here today.

Awesome. I have quite a few HMY shares but can't make my mind up whether to keep taking profit or to just let them tick along without interfering.
I still think there is lots of potential with this company. They regularly secure big orders with capacity for more, in a very specialised field. Good management & increasing demand for their LNG plants means that they are in a very strong position.
Interesting to know what the next valuation will be from brokers Hargreave Hale.

Spring cleaning and decided to take my profits here.

Been in since end of Aug 2004 and made a 246% gain so better than a kick in the teeth.

I may return at sometime but I think theres a few more where growth is a little higher.

Best luck to holders.

Sorry to hear that, gf.
I think I will wait for early July when the divi is due & re-assess then. I will admit that capital growth has slowed, but the fundamentals are still solid, imo.
246% gain is a very good return. Hope the tax man doesn't get too much of that!

"Hamworthy (AIM:HMY), a world leader in the design and manufacture of innovative
marine and offshore fluid handling systems, has won significant orders for four
ship sets of deepwell cargo pumps systems and two liquid petroleum gas
reliquefaction systems ('LPG-RS') for a combined total in excess of 10 million.

Hamworthy will supply four 49,900dwt product tankers with electric-drive CKL 300
deepwell cargo pumps. The ship sets are due for delivery from late 2008 to mid
2009. The tankers are being built at Brodosplit Shipyard in Croatia on behalf of
Concordia Maritime.

The two LPG-RS equipment sets have been ordered by Daewoo Shipbuilding and
Marine Engineering Co. ('DSME'). The equipment is due for delivery during the
first six months of 2009 and will be installed on two very large gas carriers
('VLGC') which have been ordered by Brave Maritime of Greece. The VLGCs are the
last two carriers of a series of 12 that are being constructed by DSME.

Kelvyn Derrick, Chief Executive of Hamworthy, said: 'The order for LPG-RS
confirms our strong relationship with DSME. Hamworthy has now received orders
for all twelve ships in this particular series. The Brodosplit product carriers
order for deepwell pumps highlights the market's interest in the environmental
and performance benefits of electric-drive pumps."

"LONDON (Thomson Financial) - Hamworthy PLC reported a 57 pct increase in full-year pretax profit and said good market conditions and a substantial order book provides the company with a 'high level' of confidence for its future performance.

The marine and offshore fluid handling systems maker reported a pretax profit of 13.6 mln stg compared with 8.7 mln stg, while turnover rose about 40 pct to 190.8 mln stg.

Hamworthy declared a final dividend of 4.6 pence, lifting the total dividend to 6.9 pence from 6 pence a year ago.

The company also said its market prospects remain strong in each of its main business areas with a closing order book which rose 30 pct to 268.2 mln stg, spread across the group's four product businesses.

Hamworthy said it expects a combination of organic growth and value-adding acquisitions to sustain its record of expansion."

TFN.newsdesk@thomson.com

I believe HMY is coming up to divi date, hence the recent rise.
Anyone know the exact date & amount, please?

Ex-divi date is the 28th June '07.
Very nice rise up in anticipation.
Bid 564p, Offer 569p.

LONDON (Thomson Financial) - "Hamworthy PLC said it has won an order for three Liquid Natural Gas (LNG) regasification units worth in excess of 15 mln stg with Golar LNG Ltd.

The marine and offshore fluid handling systems maker said the units will be delivered at the end of 2008.

The units will be installed on the Golar Winter, a 138,000 cubic metre LNG vessel that will be chartered by Petrobas as a Floating Storage Regasification Unit (FSRU) in an LNG import project located in Guanabara Bay, Brazil"

LONDON (Thomson Financial) -" Hamworthy PLC said it has won two more contracts, worth more than 17 mln stg, with Korea's Hyundai Heavy Industries (HHI) Group, to supply cargo handling engineering and equipment packages for six mid-sized liquid petroleum gas (LPG) carriers.
The marine and offshore fluid handling systems maker said the packages include reliquefaction systems, deepwell cargo pumps, inert gas systems and engineering of cargo handling and deck tanks.

Hamworthy said the ships will be constructed at HHI's Ulsan shipyard in Korea, and equipment deliveries to HHI will take place between August 2008 and January 2010."

Down 25p this morning on profit taking, but news is good:

LONDON (Thomson Financial) - "Hamworthy PLC said demand for its products remains strong and order intake for the quarter to end-June came in at 47 mln stg.

The marine and offshore fluid handling systems maker said its principal product groups performed in line with expectations.

It added the outstanding order book as on June 30 rose to 270 mln stg from 268 mln stg on March 31.

It said its pump systems business has returned to buoyant conditions, benefiting from orders for offshore floating production storage and offloading vessels."

"Hamworthy plc (AIM:HMY), a world leader in the design and manufacture of
innovative marine and offshore fluid handling systems, is pleased to give the
following trading update as it enters its close period.

The order book at 31 August 2007 stood at 301 million for delivery over the
next three years compared with 270 million as at 30 June 2007.

The Group has made progress in all of its principal product areas and is
performing in line with expectations.

Joe Oatley, who succeeded Kelvyn Derrick as Chief Executive on 3 September 2007,
commented: 'I am pleased to report good progress across the business and look
forward to reporting the Group's Interim Results in November.'

Hamworthy will be announcing its Interim Results on 19 November 2007."

Sp is down 13% on release of their interim results, but I cannot see very much in the detailed report to justify this:

"LONDON (Thomson Financial) - Marine and offshore fluid handling firm Hamworthy PLC saw its half-year pretax profit jump 15 pct as the shipbuilding and gas markets continued to boom.

The company's interim pretax jumped to 6.51 mln stg from 5.75 mln on sales 30.5 pct higher at 106.2 mln. The group's half-year basic EPS increased to 10.9 pence from 9.6 pence, with the firm set to pay an interim dividend of 2.65 pence -- up from last year's interim handout of 2.3 pence.

Hamworthy's board said it was confident on the outlook for the full-year and confirmed it would 'continue to seek selected acquisition opportunities."