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HMY Hamworthy

824.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hamworthy LSE:HMY London Ordinary Share GB00B01VFV79 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 824.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 824.00 GBX

Hamworthy (HMY) Latest News

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Hamworthy (HMY) Discussions and Chat

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Date Time Title Posts
17/1/201418:06Harmony Gold : Growth-oriented South African3
21/2/201217:30LNG, the way to go, Hamworthy pumps.2,420
25/6/200713:56LNG, "Coast" & Milford Haven-

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Hamworthy (HMY) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Hamworthy (HMY) Top Chat Posts

Top Posts
Posted at 21/2/2012 17:30 by gbb483
Anyone know anything about WEIR (yes, I know I'm asking on the HMY thread)?
Posted at 15/12/2011 22:59 by alter ego
I agree, Wartsilla are getting a bargain, but why is the share price above the offer if a counter bid is unlikely?
Posted at 30/11/2011 11:03 by alter ego
good spot Piedro, it's not even on HMY web site yet. The company has poured a lot of R&D money into getting the technology they acquired with Greenships to work. It's a real bummer that shareholders are seeing this disappear along with all their other innovative technology. Still hoping for a better offer though.
Posted at 28/11/2011 16:42 by alter ego
Piedro, yes I'm afraid HMY is going to be bought out. The directors have agreed a bid so the only way the takeover will fail is if the majority of shareholders don't accept. I can't see that happening as the Institutions aren't known for their reluctance to take a profit. They may hold back though to see of there's a better offer. I'm doing just that too.
Posted at 18/11/2011 12:34 by alter ego
I agree with the cyclicality argument and am grateful Wartsilla didn't make their move 18 months ago. However, as a LTBH type investor, cycles are part of life and provide opportunity for top ups so long as the underlying business has a good future. I've been an investor in HMY since 2004 and have watched it grow in that time. The growth isn't about to peak anytime soon IMO.
Posted at 17/11/2011 17:14 by topinfo
Nice if you have these. grrrr

HMY closed at 675p, nice all cash offer at 825p

DJ Hamworthy plc Possible offer for Hamworthy plc

TIDMHMY

RNS Number : 3277S

Hamworthy plc

17 November 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Press Release 17 November 2011

Hamworthy plc

("Hamworthy" or the "Company")

Possible offer for Hamworthy plc

The Company announces that it is in advanced discussions with Wartsila Corporation ("Wartsila") regarding a 825 pence per ordinary share cash offer for the Company. The potential offer is likely to assume that no further dividend will be paid but, if a dividend is paid, Wartsila's offer will be reduced by the amount of that dividend.

This announcement does not amount to an announcement of a firm intention to make an offer and there can be no certainty that an offer will be made.

In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), Wartsila must, by not later than 5.00 p.m. on 15 December 2011, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

In accordance with Rule 2.10 of the Code, Hamworthy confirms that it has 45,410,351 ordinary shares of 5 pence each in issue and admitted to trading on the London Stock Exchange under the UK ISIN code GB00B01VFV79.

This announcement is being made with the prior agreement and approval of Wartsila.

A further announcement will be made in due course.

- Ends -
Posted at 03/8/2011 17:09 by alter ego
MHI have certainly been customers in the past and HMY have supplied water treatment/ desalination equipment for AIDA cruise ships (in 2008 and 2009). Note that this order is for Carnival (an existing HMY customer) not for Princess Cruises, they were just mentioned here as a previous customer of MHI. Fincantieri were most recently customers in June when HMY won an order to supply MBR's to two ships coincidentally being built for Princess Cruises.

I would be pretty confident about HMY getting work from this as they seem to have the cruise market pretty well sewn up given the track record and the continuous advances made in the technology.

Any chance we will see exhaust gas treatment too? Would be nice.
Posted at 07/6/2011 12:59 by qvg
Yes, Collins Stewart have raised their Target price to 678p

UK | Industrial Engineering | HMY.L | HMY LN 7 June 2011
Recommendation BUY
Price 566p
Awash with cash in the dash for gas
Target 678p
Order book turnaround the next catalyst for share price appreciation Quest™ value (adj) 678p
Yr to Mar £m 2010A 2011A 2012E 2013E 2014E
Sales 214.3 181.6 210.0 235.0 252.5
EBITDA 22.6 16.0 16.5 19.5 20.4
adj. EPS (p) 33.3 24.1 24.3 29.4 31.0
EV/EBITDA (x) 8.1 10.8 9.6 7.6 6.7
P/E (x) 17.0 23.5 23.3 19.3 18.2
Div. Yld (%) 1.6 1.8 2.0 2.2 2.4
Posted at 30/3/2011 09:46 by alter ego
I doubt there is any immediate benefit to HMY from Japan's nuclear troubles but gas is an alternative fuel which requires the specialised equipment HMY supplies to transport and store it. Over time there may be an increase in demand if nuclear power projects are delayed throughout the world so there may be a longer term positive effect for HMY.

Regarding Japan itself, one has to wonder how they could make the gas storage required by a power plant earthquake and tsunami proof but that's another issue for them.

Meanwhile, the HMY Share price hasn't been this high since September 2008 and seems to be anticipating the eoy trading update. I hope we are not disappointed when it comes.
Posted at 21/3/2011 12:31 by alter ego
Honiton, yes and to be fair you made a good point but my view was that it wasn't reasonable to rely on a major event causing the whole market to move down when company specific events (end of financial year where results are now expected to be significantly above previous expectations) are likely to drive the share price in the near future. In that event, the share price is likely to be rebased somewhat higher and a subsequent market slide would therefore start from a higher level.

The price did dip but I argued the share price was unlikely to get much cheaper - "much" being the operative word.

Todays news is not particularly unexpected given the upbeat trading statement. I'm relieved that my sale and repurchase was achieved without such news and I'm looking forward to clarification not only about the current years result but also the extent to which a corner may have been turned.
Hamworthy share price data is direct from the London Stock Exchange

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