Hamworthy Share Discussion Threads

[philo124] 17/7/2010 22:36

AE, very useful thanks very much for this.

[alter ego] 16/7/2010 14:34

agm write up here

[piedro] 15/7/2010 11:07

.... All the gas ships comprising Promef were joined in a single lot, four of which have a capacity of 7000 m³, two a capacity of 12000 m³, and two a capacity of 4000 m³. According to the rules governing the program, the construction of these ships will be executed with a nationalization rate of at least 70% for the acquisition of equipment and services. ....

[wjccghcc] 15/7/2010 11:03

Very good order although delivery is not until 2012-15 so won't impact earnings for a while.

[peter27] 15/7/2010 08:56

Order book up from £130m to £180m in one fell swoop!!

[puffin tickler] 12/7/2010 12:07

Philo

Just left, needed the cash for the house.

Don't see much upside here in the medium term, perhaps drop by later though.

[alter ego] 12/7/2010 07:43

no, but there's more substantive comment here

[philo124] 11/7/2010 23:29

Everybody gone?

[donny13] 11/6/2010 08:46

There is another article by Paul Hill in this weeks MONEYWEEK recommending Hamworthy as a buy.

[mdrans1] 10/6/2010 09:34

There is a two page interview with Hamworthy CEO Joe Oatley in today's Shares Magazine (The Griller - big interviews with people who count ).

[alter ego] 09/6/2010 15:47

Noshy, I'd say it's very significant. First order of its type, proof that the technology does the job, proof of commercial viability compared to other options, approx £1.25m per ship in revenue - profit margin has to be at least up with Group average of 9% for a ground breaking product. A few more like this and the Krystallon acquisition will have paid for itself - alright they did spend a fair bit on R&D as well to bring the product to market. New rules on emissions will continue to drive demand here.

peter27, yes, new build is quiet but it's not just "maintenance and refurbs". Just look at the major news items here to see why.

[peter27] 09/6/2010 08:37

With the drop in T/O last year - any order is significant. They said that they are getting very few new build orders and most of the business is maintenance and refurbs so it's a sign that this side may be on the move again and I would call it a straw in the wind for better things. It would be nice to know how much tendering they are doing at the moment but I doubt that will be announced although it might be established at the AGM if anyone is going and could ask the question, possibly in post-meeting chit-chat; always a good way to find out what's going on.

[alter ego] 01/4/2010 17:07

no light at the end of the tunnel ---- yet. Glad there's lots of cash in the bank.

[noshy] 01/4/2010 07:42

challenging market


Pre-Close Trading Update

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

The Group continues to trade in line with expectations, achieving a high
profit-to-cash conversion and maintains a strong balance sheet. The Board
remains confident of meeting full year expectations for the year ended 31 March
2010.

The Group's order book at 28 February 2010 stood at GBP163 million (28 February
2009: GBP270 million). As expected, the rate of order intake in the second half
of this financial year for original equipment has remained in line with the
level reported for the first half year. Demand for the Group's Aftersales
products and services continues to remain steady.

In the shipbuilding market ordering of new vessels remains at historically low
levels. Whilst the Group has witnessed a slight improvement in some areas,
general market conditions remain challenging and it is still too early to
predict when activity levels will return to normal.

Hamworthy remains focused on margin improvement across the Group and action
continues to be taken to reduce its cost base to match current trading
conditions. In addition the Group is pursuing a range of organic and
acquisitive growth opportunities, in particular within the upstream oil and gas
sector and markets driven by environmental legislation.

The Group will be announcing its Preliminary Results on Wednesday 2 June 2010.
An analyst briefing given by Gordon Page (Non-Executive Chairman), Joe Oatley
(Chief Executive) and Paul Crompton (Finance Director), will be held at 9.30
a.m. at the offices of Abchurch Communications, 125 Old Broad Street, London,
EC2N 1AR.

[shavian] 30/3/2010 21:38

sorry Nosh, missed your last one. Yup, all well when there yesterday except peeing with rain and blowing a gale.

However, nice little uptick in HMY, so all well indeed. LNG flowing into MH at steady rate now.

[alter ego] 26/3/2010 16:16

certainly looking lively today

[melody9999] 26/3/2010 15:50

are we on our way?

[piedro] 05/3/2010 13:39

Hamworthy News

[melody9999] 26/2/2010 21:29

waiting for 310p breakout....target 400p

[noshy] 09/2/2010 08:46

bouncing along the top
all well in Solva M

Nosh