Shares digital

The recapitalisation under new ownership of Eclipse Aviation is good news for aerospace and precision engineering group Hampson Industries (HAMP). Hampson hit unexpected turbulence last year when it had to sue for £3 million in unpaid bills for work on the Eclipse jet commuter plane. Sales should now jump from 100 planes last year to 500 in 2008. Hampson collects almost £45,000 worth of work per plane, so revenues should benefit by around £22 million and profits by £3 million.

Shares says: On a prospective PE of 15 this year falling to 11 next year the shares have further to run.

by: Timon Day