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.

whats the reason behind the rise today ??? i cant find any news on it

accord -
maybe just the number of analysts and journalist twigging that, with the Ruskies playing silly devils with piped gas lately, countries with suitable terminals are going to be placing more and more contracts for shipping in gas by tanker rather than relying on pipelines controlled by others. That will increase the already great enthusiasm for building more ships, many of which will have HMY systems onboard.

Examples:

From Poland today:

.....The conflict between Russia and Ukraine forced the Polish government to choose strategy for gas diversification. The government said yesterday, a sea terminal of liquefied natural gas (LNG) would be built and national gas exploration increased... ...We have started talks for projects in both northern and eastern, but not Russian, directions. We will also soon launch construction works of an LNG terminal, PM Kazimierz Marcinkiewicz said... ...Piotr Wozniak, the Minister of Economy, said that within four years, contracts would be signed with different companies to make Poland independent from Russian gas pipelines..."
Source: http://www.pulsbiznesu.pl/content.aspx?sid=6938&guid=578E042A-3047-4516-BA99-5113F8404F23

And from Israel yesterday:

"....is gearing up its liquid natural gas infrastructure because of the European gas crisis.

Gal Nissim 3 Jan 06 15:46

The Ministry of National Infrastructures is moving forward on preliminary plans for building a liquid natural gas (LNG) depot, which will enable Israel to import LNG from distant countries by LNG tanker...."
Source: http://www.globes.co.il/serveen/globes/docview.asp?did=1000046376&fid=942



For shipyards building gas tankers this was already boom time. It suddenly got boomier. And HMY are going to be inside many of those boats.

http://www.hamworthy.com/products/shipType.asp?intShipType=-4

This ones looking usefull again and is fairly cheap compared to the producers and explorers.

cheers GF.

A good day for this one aswell, just wish they would fillin all the page wether its a buy or a sell....

Hamworthy plc
20 January 2006

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

Hamworthy plc

2. Name of shareholder having a major interest

Fidelity International Limited and its direct and indirect subsidiaries

3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18.

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them

State Street Bank and Trust Co Ldn 455,200
Northern Trust London 251,300
JP Morgan Bournemouth 70,100
HSBC Bank PLC 10,100
Bank of New York Brussels 5,500
Mellon Bank 2,200
JP Morgan Bournemouth 549,100

5. Number of shares/amount of stock acquired

N/a

6. Percentage of issued class

N/a

7. Number of shares/amount of stock disposed

N/a

8. Percentage of issued class

N/a

9. Class of security

Ordinary shares of 5p each

10. Date of transaction

Not disclosed

11. Date company informed

20th January 2006

12. Total holding following this notification

1,343,500

13. Total percentage holding of issued class following this notification

3.11%

14. Any additional information

15. Name of contact and telephone number for queries

Paul Crompton - 01202 662699

16. Name and signature of authorised company official responsible for making
this notification.

Paul Crompton

Date of notification: 20th January 2006


cheers GF.

still going up nicely, anyone else in??????

Think your on the wrong thread.

ooops to much guisness again. Going up nicely anyone else in?? cheers gf.

LOL kivver, yup Im still in.

cheers GF.

Off to a roaring start today...

Cheers, Madison

Moving on up again......nice.

cheers gf.

Still in here. Nice to see it break to a new high again.

Still in here, up near on 90% since i jumped in.

This ones doing fine this morning.

cheers GF.

P/E to 31 march 2006 = 20

P/E to 31/March 2007 = 17.2

Rather cheap in this booming Gas sector.

cheers GF.

Another contract, fantastic news:

Press Release 6 March 2006

Hamworthy plc

DSME awards contract for five LNG reliquefaction systems


Hamworthy (HMY.L), a world leader in the design and manufacture of innovative
marine and offshore fluid handling systems, has won an order from Daewoo
Shipbuilding and Marine Engineering Co. (DSME) to supply five liquid natural gas
reliquefaction systems ('LNG-RS'), with a total value in the range of 15 to 20
million. The systems will be installed on five LNG carriers ordered by a
consortium of Japanese shipowners and will be delivered to the shipyard from
January 2007.



In contrast to earlier LNG-RS contracts Hamworthy established a consortium with
a key sub-supplier. The effect is to share the contract risk and reduce the
sales value traded through Hamworthy resulting in a more competitive package for
the customer.



Kelvyn Derrick, Chief Executive of Hamworthy plc, said: 'This brings our tally
of LNG-RS shipsets to 20 with an aggregate order value of over 100 million, and
represents a one hundred percent market share. We have already developed a more
energy-efficient system for future bids in what will undoubtedly become a more
competitive market.'

Cheers, Madison

Excelent news.

cheers GF.

Directors Buying - RNS today

Another RNS and the shares dip.

This stock exchange mallarky never ceases to amaze me.

Still in though, and not looking to take my 90% profit.

im in too (quite a while now), wonder if we should be increasing holdings like the directors??

Kivver

With the institutions buying 17m worth at 285p in November and now the Chairman and Director buying at 330p - logic would suggest there is more upside potential here than downside risk as these guys are on the inside.