What a great local sign.
I am in James Street in St Mary's near Northam in the centre of Southampton.
So the sign says this is where the ancient town of Hamwic once was.
Hamwic was situated on the west bank of the River Itchen downstream from its small Roman predecessor of
Clausentum (Bitterne).
It was actually a very important port and trading centre in what is known as middle Saxon times.This was around 700 to 850AD.
Hamwic declined towards the end of the 9th century, presumably as a result of economic and political changes brought about, in part, by Viking activity.
You will find out much more at http://www.archeurope.com/index.php?page=hamwic-or-saxon-southampton
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