Anyone hazard a guess as to whether the big 270,000 turnover was a buy or sell. Good positive movement here today after little movement for a forthnight, maybe word on the Aiden deal with Severn water is starting to bubble to the surface

this kind of thing seems to unexplaiably happen to a number of shares (some which have performed well)i remember looking at this one when the price was nearer 30p and confess that following your comment they now look cheap.In answer to your question some low volume "unsexy" shares will just drift down and down if there is not regular news and transaction activity. I am learning slowly to just go with the flow and if they do not perform get out at your "safety stop level" and put the money somwhere else.If you did not already own I would have said that todays price looks good. Sorry if ive not given much comfort.

From the Times

SMALLER STOCK TO WATCH

PipeHawk, the AIM tiddler that uses radar to detect underground pipes, jumped 3p to 16p as a consortium of New York and New England gas companies backed the development of its handheld pipe locator. Negas has also struck a deal with a third party, which could see PipeHawk receive 40 to 50 per cent of royalties if the product is commercialised.

Good spot Janus. After seeing the way the MM's have marked this down relentlessly for 6 months, my gut feel is that we still need this news translated into product purchases to sustain the interest and continued rise. It has been 5 months since regulatory approval was granted, let's hope it is not as long until the first orders start to come.

Once utility companies see the benefit then they should be falling over themselves to buy them

The news should also put some cash in the coffers which cant be bad.
I notice Paul Scott picked up 30K @ 14p yesterday usually a good sign when Paul buys.

As a long-standing holder I'm completely punch-drunk by this one....are posters here serious when (in Sept04) they were saying this share would be 1 by the month-end?
C'mon guys this Company is an out and out loser. Can someone remind me do they have a World-wide Patent on using Radar (underground) or can anyone do it? Radar has been about since WWII (sixty years) so it's difficult to imagine no-one's pointed it down before.
I know about their contracts with local authorities etc., but they won't pay much, when the alternative is a man with a shovel. Furthermore they soon have to resort to shovel, as the output from the radar isn't exactly a clear OS-style map - is it?
This is another example of HYPE, Hope and stupidity on my part.

Something a foot at pipehawk. A relativeky huge 100k buy yesterday and the price goes up 20% today. Wonder if the issue with London Water and cracked pipes is going to bring a lot of business Pips way.

No Postings here for over two years - it really is a shambles, this outfit.

Just look at the sp.....grief!

Good rise today



http://www.moneyam.com/shareprice/PIP

What a share



3.25

+1.75 (+116.67%)

PipeHawk's QM Systems secures two project wins
StockMarketWire.com
PipeHawk has announced that QM Systems, a division of the Company, has been awarded two new projects by Knorr Bremse Rail Systems UK Limited (KBRS).

The projects relate to the provision of a range of production and test facilities for KBRS and are expected to be installed and commissioned during Q1 2012.

The projects are worth approximately 400,000 and the revenue from these projects is expected to be recognised in the current financial year

Pipehawk share price doubles on rail contract news
9:24 am by Jamie Ashcroft


PipeHawk said the new business was worth around 400,000 and the revenue would be recognised in the current financial year.

Shares in micro-cap engineering firm PipeHawk (LON:PIP) more than doubled in value today as it won two new contracts with a rail services group.

The groups subsidiary QM Systems signed the deals with Knorr Bremse Rail Systems UK Ltd (KBRS). It will provide production and test facilities for KBRS that will be installed and commissioned in the first quarter of 2012.

PipeHawk, which develops probing radar technology used in civil engineering to detect underground obstacles like utilities pipes, said the new business was worth around 400,000 and the revenue would be recognised in the current financial year.

"QM Systems has made considerable progress during the last year and has firmly established itself as a leading and innovative solution provider, said chairman Gordon Watt. I am very excited by these project wins which demonstrate success on all levels in terms of client satisfaction.

These project wins demonstrate further diversification into large scale infrastructure projects and expansion into the heavy rail industry. QM's order book is very healthy and prospects for the foreseeable future look very bright indeed.

At 9:20 on AIM Pipehawk shares were up 2.375 pence, 158 per cent, to change hands at 3.875 each.

double? - from near zero - this is a stock that knows only the route low.
It's good news, but why weren't such "wins" commonplace . . . and do shareholders think anything has started to change?

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Looking at the chart the sp has fallen for all 2011. I purchased pre 29th Sept and sold,
on the rise. Re purchased on the fall for the last rise.

Looking at the charts and posting boards it does not look like the company had a lot
going for it. Being a small company with a 50 odd workforce this new business means a lot in these times. I will keep an eye on it Monday.

hangon, I see you posted here Dec 04 do you still have the stock?

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A long time ago I know, the sp was 62p 1st quarter of 2002.

Looks like the order book is up. With a 225,000 profit before tax. This included
a 625,000 claim received.




Tuesday 08 March, 2011Pipehawk PLC
Half-yearly report





8 March 2011

Pipehawk plc
("Pipehawk" or the "Company")

Half-yearly results for the six months ended 31 December 2010

Chairman's Statement

I am pleased to report that the Company's turnover in the six months ended 31
December 2010 was 1,711,000, an increase on the corresponding period last year
of 8.1 per cent. (2009: 1,582,000), resulting in a profit before taxation of
225,000 (2009: loss 334,000). This includes the sum of 625,000, received in
respect of the settlement of claims brought against a third party.

In the period under review, PipeHawk continued to develop new GPR products and
as a consequence has, in the six months ended 31 December 2010, capitalised
approximately 128,000 of research and development expenditure. I can report
that sales and hires of our e-Spott product continue to develop as the e-Spott
becomes part of 'best practice techniques'. We have continued with the
development of a mini "customer friendly" e-Spade - a pipe and cable avoidance
product.

Adien operates in the large infrastructure project part of the construction
industry. During the period, Adien recovered some of the ground lost in the
period 2008 to 2010 when the construction industry was badly effected by the
recession. The severe weather in early December resulted in some loss of
production, which is reflected in these figures, but I am pleased to report that
orders received in January and February have been good in comparison to previous
years.

During the period QM Systems has seen a significant upturn in workload and order
intake and I am pleased to report that at the end of December QM was sitting on
a far healthier order book. Prospects look very buoyant as the business seeks to
capitalise on its strategy of offering complete turnkey solution to its clients.
QM has developed its sales strategy to offer engineering solutions consisting of
consultancy, special projects and products in the fields of assembly, automation
and test systems. The consultancy business has grown fourfold and now attracts
some very prestigious clients.

QM's commitment to research and development of products has continued with the
development of a system to test LED / Filament light clusters, which we are
hoping to sell across Europe. In addition, development of the Lightning Strike
Protection System has continued with a high power variant soon to be released.
Opportunities with several other niche products are also being explored.

In the period, QM completed a restructure of its operational activities which we
anticipate will lead to the leveraging of greater profit from the activities
that it undertakes.

SUMO has also made progress in the period under review and is now at a breakeven
point.

Related party transactions

During the period I have continued to provide financial support to the Company
through director loans, amounting to 625,000. Consequently, the loans advanced
by me to date aggregate to 2,116,000 in addition to 1 million of Convertible
Unsecured Loan Stock 2014 ("CULS"). The loans have been made in accordance with
a letter of support dated 12 November 2010. The loans are unsecured and accrue
interest at an annual rate of base rate plus 2.15 per cent.

The Directors (other than myself), consider, having consulted with the Company's
nominated adviser, that the terms of the loans are fair and reasonable insofar
as the Company's shareholders are concerned.

In addition, my fellow directors and I have deferred a certain proportion of our
salaries and fees until the Company is in a suitably strong position to make the
full payments. These deferred fees amount to approximately 119,000 in the six
month period ended 31 December 2010 and approximately 1,058,000 in total, all
of which have been accrued in the Company's accounts.

Gordon Watt
Chairman