Hampson Ind. Share Discussion Threads

[minsky] 11/4/2013 10:05

fwiw
Before they went into administration Hampson sold BHW to LNB for £2.36m.
Now BHW themselves have been put into administration.

[loverat] 27/2/2013 12:39

Indeed. These situations are happening all the time.

The latest fad is law firms doing nice cosy pre-packs. The partners walk away and leave creditors with 2p in the pound. No wonder the banks are so reluctant to loan money these days.

[scrapman] 27/2/2013 12:36

EADS figs out , yet another kick in the credentials for PI,s investing in these markets,

there really should be some form of redress for shareholders to ensure that the directors acted diligently ,

Seems impossible to believe that a company that was trading at over two pounds , goes into bankruptcy , directors walk away , and the sector is booming,

A terrible advert for the UK stock-market

[minsky] 27/11/2012 13:42

Tully - AIP Aerospace will probably go from strength to strength now.
I'd like to know what they sold the US divisions for.
I assume Hampson still exist, albeit in administration, as they havent offloaded India yet.

[tullynessle] 27/11/2012 08:27

VistaJet Places Order for New Bombardier Global Jets Worth up to $7.8 Billion

Date : 27/11/2012 @ 08:13
Source : Dow Jones News
Stock : Bombardier Inc. (QX) (BDRBF)

LONDON--Unlisted business jet charter company VistaJet said Tuesday it has placed a firm order for 56 new Bombardier Global aircraft, with 86 further options, worth up to 7.8 billion dollars.

MAIN FACTS:

-Deliveries of this order will start in 2014.

[manicman182] 22/11/2012 16:09

As usual its seems the share holders get nothing, while the board of directors get there pockets filled ... onwards and upwards ...

[minsky] 21/11/2012 22:40

are they allowed not to disclose how much they sold Hampson US for?

[asterix96] 21/11/2012 08:38

The demise of Hampson Industries should be investigated!

[boadicea] 21/11/2012 08:31

I assume this finally puts it firmly in the no hope category.

[tullynessle] 20/11/2012 06:48

CNBC Article. (Marked "SOURCE American Industrial Partners)

Note

i. the quote from Norman Jordan (CEO Hampson until yesterday - now CEO of AIP Aerospace.)

ii the reference to "a total of approximately $210 million in sales"


Extract 1:

"We are extremely pleased to be partnering with the American Industrial Partners team. Our shared commitment to build on the demonstrated accomplishments of our businesses, as well as our focus on delivering expanded capabilities and value to our customers will drive profitable growth," said Norman Jordan, CEO of AIP Aerospace."


Extract 2:

"The investment is comprised of five operating divisions with a total of approximately $210 million in sales:....."





American Industrial Partners Acquires The United States Operating Subsidiaries of Hampson Aerospace

Published: Monday, 19 Nov 2012 | 2:07 PM ET

Article follows......

[tullynessle] 20/11/2012 06:36

American Industrial Partners web page............

Extract:

"Our portfolio companies are generally the world leaders in their industrial market niches but frequently have unexploited opportunities for operating, financial or technological improvements "




Dear Partners, Colleagues, and Friends:

The investment activities of American Industrial Partners are disciplined and highly focused. Our portfolio companies are generally the world leaders in their industrial market niches but frequently have unexploited opportunities for operating, financial or technological improvements such as: global marketing and sourcing, facility consolidation, lean manufacturing, add-on acquisitions, new product development, or quality systems. Our American Industrial Partners team consists of engineers and operating executives in addition to financial professionals and we work to support the operating initiatives of our portfolio company management teams with capabilities typically unavailable within mid-sized industrial companies. Our approach is cooperative and managers enjoy substantial autonomy. We lead by serving. Over the past twenty years this focused investment approach has yielded highly attractive returns for our investors, our portfolio managers, and our firm through all seasons of the economy.

Web page continues.....

[minsky] 19/11/2012 23:13

US parts sold to US private equity company.
The report doesnt disclose how much.
It will be interesting to see how much AIP sell them for in a few years.

[loverat] 19/11/2012 18:25

For those of you considering a shareholder campaign I think any action in the traditional sense would be a waste of time.

Numerous companies have gone down this way and it is basically down to appalling management and a lack of duty to shareholders.

If anyone wants to know what the most effective type of campaign is, it is researching the company and past statements and then putting your findings in summary form. This was recently done by one poster on a company called ATG and he found out alot of very interesting thngs just by looking in the accounts and their statements right up to suspension.

Any information gathered should then be passed to the media and press who may cover the story of this and possibly other stitch ups. This will not get you your money back but it will achieve publicity and eventually bring pressure to prevent similar situations.

I have a few names of financial journalists who are sometimes interested in stuff like this.

[tullynessle] 19/11/2012 18:17

Hampson Industries PLC Cancellation of listing
Date : 19/11/2012 @ 16:59
Source : UK Regulatory (RNS & others)
Stock : Hampson Ind. (HAMP)

RNS Number : 4949R

Hampson Industries PLC

19 November 2012

19 November 2012

Hampson Industries PLC

Hampson Industries PLC placed into administration

Cancellation of listing

The board of directors of Hampson Industries PLC (the "Company") refers to the announcement by the Company earlier today (in respect of the filing of the notice of intention to appoint administrators) and confirms that the Company has been placed into administration earlier this afternoon under the Insolvency Act 1986. Simon Ian Kirkhope and Chad Griffin of FTI Consulting LLP have been appointed as joint administrators of the Company.

The Company has applied to have the listing of its securities cancelled from the Official List of the UK Listing Authority (and for the admission to trading of its securities to be cancelled from the main market of London Stock Exchange plc) with effect from 8:00 a.m. on 21 November 2012, pursuant to paragraph 5.2.12 of the Listing Rules.

The administration is not expected to result in there being any value remaining for the Company's shareholders.

Enquiries:

M:Communications

Anne-marie Wilkinson / Maria Souvorov [phone]
FTI Consulting LLP

Nick Hasell [phone]

[tullynessle] 19/11/2012 15:19

Chad Griffin
Senior Managing Director

Chad Griffin is a senior managing director in the FTI Corporate Finance practice and is based in London. Mr. Griffin has more than 10 years experience of advising stakeholders on complex European restructurings. Mr. Griffin advises clients on both out of court consensual financial restructurings and in non consensual situations, where consideration of strategic insolvency and enforcement options may be necessary to deliver optimal solutions.

Experience
Mr. Griffin has acted on numerous cross border situations across the United Kingdom; Germany; Holland; Ireland; Spain; France; United States and the Far East. Mr. Griffin has led projects across a wide spectrum of industry sectors, including automotive, retail, leisure, infrastructure, and consumer products.

Mr. Griffin has acted as financial advisor to various companies and investors, including a UK hotel group, several UK DIY and home improvement retailers, an international listed aggregates and concrete business, and several global automotive parts suppliers. Mr. Griffin has advised boards on financial and operational restructuring options and undertook an interim management role to drive working capital improvements and enhanced liquidity in a €500m European automotive group.

Mr. Griffin also serves as financial advisor to lenders and committees, developing and implementing financial restructuring solutions to maximize value. Recent examples include advising the senior lenders to a Dutch based sustainable energy group, advising senior lenders on a managed wind down of a global infrastructure group, advising note holders to a €3bn European construction group, and advising senior lenders to a €1bn global business service provider.

In addition, Mr. Griffin has acted as administrator in order to deliver value maximizing insolvent solutions where appropriate. These situations have included a listed global telecoms group, a UK apparel retailer, and a food packaging group.

Prior to FTI Consulting, Mr. Griffin worked for seven years in KPMG's Restructuring practice where he worked on some of the firm's most high profile and complex restructurings and insolvencies.

Mr. Griffin is a chartered accountant and a licensed insolvency practitioner.

[tullynessle] 19/11/2012 14:46

Deleted - above posted twice.

[tullynessle] 19/11/2012 14:46

It is unbelievable that a Company could be placed into Administration without any transparency provided to Shareholders as to the detail and extent of the problems.

[tullynessle] 19/11/2012 14:41

Date : 19/11/2012 @ 13:00
Source : UK Regulatory (RNS & others)
Stock : Hampson Ind. (HAMP)

Hampson Industries PLC Notice of intention to appoint administrators



Hampson Industries PLC Notice of intention to appoint administrators
Print
Alert
TIDMHAMP

RNS Number : 4605R

Hampson Industries PLC

19 November 2012

19 November 2012

Hampson Industries PLC

Notice of intention to appoint administrators

The board of directors (the "Board") of Hampson Industries PLC (the "Company") announces that the Board has filed a notice of intention to appoint Simon Ian Kirkhope and Chad Griffin of FTI Consulting LLP as joint administrators of the Company pursuant to the Insolvency Act 1986. The appointment is expected to become effective later today.

A further announcement will be made in due course.

[manicman182] 19/11/2012 14:35

Will it do us any good, looks like another dud for ,

[minsky] 19/11/2012 14:22

I'd back any shareholder action as well.

[tullynessle] 19/11/2012 10:52

SC

Interesting word "systemically".

"Surgical" is another word that appears appropriate.

I agree wholeheartedly.

[tullynessle] 19/11/2012 10:04

Interesting video reports on Hampson's recent financial history - see the clips at the second entry down...............