Hamworthy Share Discussion Threads

[stevemarkus] 16/7/2009 10:02

Slap, they confirmed they would meet year end expectations barring currency fluctuations.

Steve.

[slapdash] 16/7/2009 08:33

sure but 43% drop in new orders... doesn't bode well...

if trend continues..... they will be below analyst expectations....

Slap

[noshy] 16/7/2009 08:17

at least new orders in this awful market, survival is the name of the game

[slapdash] 16/7/2009 08:16

Really... very weak new orders...

As expected, order intake for new product sales
remained slow with a total order intake for the Group of GBP29 million for the
first quarter to June 2009 (2008: GBP51 million).

[alanrex] 16/7/2009 07:25

nice agm statement, especially re sales in new segment.

all imo dyor

[investinggarden] 09/7/2009 14:35

Hamworthy continues offshore drive - news article from Growth Company Investor

[momentos] 08/7/2009 08:42

Looking at Aibel's site they seem a little "distressed" recently with US legal actions, capital injections etc. So hopefully HMY got a good price.

Again the products fit within their environmental legislation driven portfolio, where new global standard requirements will drive sales.

[noshy] 08/7/2009 08:35

exactly...........softly softly

[momentos] 08/7/2009 08:33

Another strategic little acquisition.

[alter ego] 05/7/2009 13:41

you're welcome

[puffin tickler] 05/7/2009 12:21

Thanks alter ego

[alter ego] 05/7/2009 09:40

sizeable orders that were not RNS'd - shows progress is still being made even if it doesn't make the newswires


and

[slapdash] 03/7/2009 12:28

certainly can argue it is a value play... one to hold for a few years even if earnings take a hit for a year or so..... Slap

[alter ego] 03/7/2009 12:20

RNS announcements on orders is related to big stuff like gas LNG RS worth more than £10m although this may have been raised since I last checked. Obviously there's a hell of a lot of lower value business taking place that never gets RNS'd so it doesn't mean orders have dried up completely. With the majority of business not tied to newbuild, they still have big markets into which they can sell.

[thepsychic] 02/7/2009 21:11

I would like to see a few rns's with orders, right now Hamworthy are working mainly on their pre 2009 orders which keep them busy and keep them in business. But it will take a while for the industry to pick up and gain traction. I expect the slowdown to continue over the next 2 years, by then we could see stabilisation and confidence instilled back in the industry.

[slapdash] 02/7/2009 20:06

yup I got HMS totally wrong... I knew they had debt but it seemed such a strong story... however, there were red flags there such as the caution in the last results statement... Slap

[marvelman] 02/7/2009 19:44

Slap...on the money with your analysis again. Have been watching this for a while and am very impressed with the product and management. Have to say they seem very solid and able to weather the storm with real cash to back them up unlike HMS which has a hefty bill to pay when its latest ship is complete.Regards.

[slapdash] 02/7/2009 17:44

all sales driven I guess Alanrex...

Forecasts are that last year was the peak and from thereon in sales will fall back ...


2009 252m 2010 228m 2011 190m 2012 189m Sales forecast
36.6p 30.4p 24.4p 31p EPS forecast

I don't know how realistic all this is but they are saying sales will fall by 25% in the next few years...

Could happen who knows.... if so we will see EPS falling back for the next two years..... I admit that even on 2011 EPS forecasts we are still only on 10X but I suppose there is risk to the downside when sales are falling back... I.e. a few major orders fall through and EPS will be smashed...

Thus this is a complex beast in my view... does seem to have a lot of excess cash... but it is on the balance sheet not earning very much....

Slap

[alanrex] 02/7/2009 17:31

disappointing recent run. tempted to top tup if they fall back further and i have funds available.

all imo dyror.

[momentos] 24/6/2009 14:51

So, bizarrely, we go up on ex divi.

Could it be possible that yesterday was a smash-and-grab tree shake to take out a few weak holders, trailing stops & cfd-ers on the cheap and collect the divi? Perish the thought.

Grubby sods all the same (although I would stress it didnt affect me).

[gbb483] 23/6/2009 17:42

Someone did have a good point before that essentially this is a stock driven by sales and the shipping industry isn't in a good way...

Any thoughts on that anyone???

Richard Branson has just ordered 10 new aircraft - apparently Virgin always buy in a recession, the prices are lower.

Put another way - just because there's recession, it won't stop those with money and an eye for a bargain from making good use of it.

[momentos] 23/6/2009 12:36

Indeed, which is why they are expanded into arenas where environmental requirements will drive sales, especially retrofit sales given the collapse in new ship building orders.

Bizarre to see such a drop the day before xd.

[slapdash] 23/6/2009 11:38

well as I see it all is dependent on sales going forward... hard to call in such a volatile environment....

A few major cut backs and earnings will be slashed...

However, strong balance sheet...

Slap

[momentos] 23/6/2009 09:26

Ex dividend tomorrow.

[momentos] 22/6/2009 19:34

No, but there is the potential for charges / gain as a result of currency or interest rate hedging any year.

As far as being driven by "sales" goes, I am sure this is a "copper bottomed" investment of the "first rate". Though HMY may still be "in the doldrums" a bit, hopefully she will soon "show her true colours" and we will "make headway". With a "following wind", we will soon be making money "hand over fist"...