Hampson Ind. Share Discussion Threads

[tullynessle] 12/11/2012 18:05

Boeing Increases 787 Production Rate

EVERETT, Wash., Nov. 12, 2012 /PRNewswire/ -- Boeing (NYSE: BA) employees last week rolled out the first 787 Dreamliner built at the new rate of five-airplanes-per-month. The airplane is the 83rd 787 to be built.

"This accomplishment, doubling our production rate in one year, is the result of the combined efforts of thousands of men and women across Boeing and at our partners," said Larry Loftis, vice president and general manager of the 787 program. "The entire 787 team is focused on meeting our commitments. They've gotten even smarter in how they build this airplane and applied real ingenuity in making our processes and tools more efficient."

Boeing earlier this year increased the rate from 2.5 to 3.5 airplanes per month and is on track to achieve a planned 10-per-month rate by late 2013. The program production rate accounts for airplanes built at Boeing South Carolina and Everett, including the Temporary Surge Line that was activated earlier this year in Everett.

Article continues....

[loverat] 12/11/2012 17:43

In that case, probably not worth bothering him then.

[minsky] 12/11/2012 17:33

Hampson have not been very forthcoming with information.
The MP who covers their HQ in Brierly Hill (South Dudley constituency) is Chris Kelly. I don't know if he could find out anything.
[e-mail]

Strangely enough, in the summer he was dating Nadine Dorries' daughter (don't know if he still is)

[tullynessle] 12/11/2012 16:15

Whilst we wait..........

Interesting development project for the "Predator"

Extract:

"The hyperspectral sensors contract, which will be from 2012 to 2016, is for ACES-Hy engineering development, integration onto the MQ-1 Predator medium-endurance UAV, testing, sensor procurement, training, and field maintenance."





Raytheon-led team to continue development of UAV-based hyperspectral sensor to find hidden objects like IEDs
November 2, 2012

WRIGHT-PATTERSON AFB, Ohio, 2 Nov. 2012. Multispectral sensors designers at the Raytheon Co. Space and Airborne Systems segment in McKinney, Texas, will move ahead with developing a new sensor for unmanned aerial vehicles (UAVs) able to see objects on the ground not visible to the human eye, such as hidden roadside bombs or illicit opium crops by detecting their spectral signatures.

Article continues.....

[tullynessle] 11/11/2012 20:01

May be worth a review.......



Companies Act 2006
You are here:
2006 c. 46Table of Contents

[tullynessle] 11/11/2012 19:59

Re Post 2654

It appears that the Administrator has been active in the disposal of AEA Technology assets.




Ricardo announces acquisition of AEA Technology for £18m
9 November 2012

Ricardo has acquired the business, operating assets and employees engaged in the business of AEA Technology (AEA Europe) for a total cash consideration of £18m.

AEA Europe is an environmental consultancy providing technical consultancy services to the UK public sector, the European Commission, international agencies and private-sector organisations.

Ricardo said the acquisition will provide it with a consulting capability comprising a strong global potential based on scientific and technical excellence.

=======================




Gores Group eyes AEA Technology assets in US

The Sunday Times
Gores Group, which is led by billionaire Alec Gores, is plotting a swoop for the remaining US operations of AEA Technology, the UK environmental consultancy which was placed into a pre-pack administration last week.

AEA collapsed under the weight of its crippling debt and soaring liabilities at its generous pension scheme, which hit £450m.


====================================================

AEA Technology Group PLC Trading Statement



Date : 18/07/2012 @ 07:00

Extract:

As reported in the Company's interim results for the six months ended 30 September 2011, net debt and net liabilities in respect of retirement benefits, as at 30 September 2011, were GBP34.3m and GBP165.5m respectively.

[tullynessle] 11/11/2012 19:46

Minsky

I am cognizant of all possible outcomes.

My spirits are irrelevant to continued research in preparation for any eventuality.

I decline to accept that my investment can be destroyed, being one of the potential end results, without knowing the exact reasons.

Hopefully other shareholders will adopt the same view.

[minsky] 11/11/2012 16:43

I share your scepticism - I was just trying to keep Tully's spirits up.

[loverat] 11/11/2012 15:24

minsky

I know what you are saying and probably there are ways to raise cash and protect shareholders. However, it really depends on whether the management here have aligned their interests with those of shareholders. Probably not is the answer.

I can count dozens of companies which have announced the 'little or no value' RNS and in my opinion wiping out shareholders is rarely a necessity. There are ways and means.

However, take the example of a Canadian company - First Service - which took over Colliers UK. The shares were one pence and the Market Cap 1 million when they entered talks. They are a huge company and they offered shareholders zilch and the directors just rolled over to keep their jobs. That just demonstrates the mindset of these companies. They will risk bad publicity doing a pre pack if it saves them a few bob and their salaries.

Pure greed and disregard for shareholders. I would be surprised if things turn out any different here.

[minsky] 11/11/2012 14:45

another analogy is Raymarine. Fell from the hundreds to 2-3p. They had over-extended themselves, went through a succession of loan covenant extensions / temporary waivers and finally went into administration. The good news is they were bought out by FLIR who offered 19p / share.

[tullynessle] 11/11/2012 10:22

To some extent, and IMO, the longer the suspension continues then the more opportunity for eventual shareholder value.

Currently our Company has been taken (hopefully borrowed) for the benefit of the primary Lender, Management and staff.

Such process appears to indicate that Hampson is generating cash flow.

[minsky] 11/11/2012 10:00

Just edited my previous post to replace a : with a ?
Just because AEA pre-packed dies not necessarily mean Hampson will.
But the longer the suspension goes on ...

[loverat] 10/11/2012 09:42

Well, good news for the AAT staff but these pre pack deals I think are very worrying. The one which I think was the biggest stitch up was Colliers which were not in any real difficulty (in fact they were growing the business when they announced it) and was done just for the convenience and greed of the directors and major shareholder. This practice discourages investment in companes IMO.

Personally I think HAMP are finished because the RNS says it does not expect any value in the options being considered. They do not say this if they do not mean it. I did dabble a bit in this because I thought the suspension would not be so soon and there might be a bounce. Alot of money was made in AAT because the process in finally suspending went on for ages but the warnings were all there.

[minsky] 10/11/2012 09:33

A portent for Hampson?


The UK part of the business sold to Ricardo.
The US part sold to a sort of MBO.
Employees jobs saved.
Bank happy.
Pensioners not so.
Shareholders shafted.

[minsky] 09/11/2012 14:57

Bit of a delayed reaction. AEA were a similar company to Hampson - invested in the US, high debts (to our friendly state owned bank, Lloyds), high pension obligations, share price crash. Yesterday they went into administration. Shares suspended then de-listed i.e. worthless. I hope this fate does not befall Hampson.

I hope we dont get RNSs like these:

[minsky] 09/11/2012 07:53

is there some sort of limit as to how long a share can be suspended before it is struck off?

[tullynessle] 09/11/2012 07:52

Certainly it is not my intention to "cheer shareholders up" - rather it is an attempt to research and compile data for forensic review as may be required at some time in the future.

If Hampson is taken from us, (shareholders), then in part the reason will be because we have acquiesced, apparently without complaint.

[sea and sky] 08/11/2012 23:06

well if that's to cheer us then I'd rather have the head of Hampson delivered to me on a plate than be cheered about the UK manf.

[loverat] 08/11/2012 22:50

Personally I think shareholders have been screwed by the management and there was never any intention of safeguarding them. Same has happened in many companies recently.

Perhaps the posting of all the above information is an attempt to cheer shareholders up and show that whilst their shares have gone down the pan UK manufacturing industry is going from strength to strength.

[sea and sky] 08/11/2012 22:42

Coming back from a long sabbatical I find HAMP down the tubes... shares suspended - I guess no chance of anything whatsoever for shereholders? I see Tullynessle giving a lot of information but is anyone talking to the board?

[tullynessle] 08/11/2012 15:12

Boeing Begins Talks With Airlines for New Dreamliner

Date : 08/11/2012 @ 14:40
Source : Dow Jones News
Stock : Boeing Company (The) (BA)

Boeing Co. (BA) has moved a step closer to launching a larger version of its new 787 Dreamliner by holding more detailed discussions with potential customers.

The proposed 787-10 would be the third version of the jet and seat around 323 passengers, 40 more than the 787-9 due to enter service in early 2014--and competing with the European Aeronautic Defence & Space Co.'s (EADSY, EAD.FR) Airbus A330-300.

Article continues........