We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lamprell Plc | LSE:LAM | London | Ordinary Share | GB00B1CL5249 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.88 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 8.78 | 9.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 8.88 | GBX |
Lamprell (LAM) Share Charts1 Year Lamprell Chart |
|
1 Month Lamprell Chart |
Intraday Lamprell Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2023 | 14:21 | LAMPRELL : UAE Oil & Gas Engineer | 16,776 |
| 07/7/2020 | 06:05 | Hold Tight - Aramco closing in on four LTA awards | 1 |
| 09/1/2017 | 13:17 | *** Lamprell *** | 102 |
| 03/7/2014 | 09:00 | Malcolm Graham-Wood , Oil Analysis, bullish on Lamprell PLC live on TipTV. | - |
| 17/6/2010 | 14:20 | LIVINGSTONE ASSET MAMEGEMENT | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 24/4/2023 14:21 by andymunchkin andymunchkin24 Jun '22 - 16:41 - 16615 of 16775 Edit0 0 0 Leeson314 Feb '07 - 10:24 - 46 of 16611 0 0 0 what sort of MCAP figure are people here envisaging in due course ? about a billion ?? cheers; Leeson ------- awise355 8 Jan '17 - 10:04 - 97 of 102 0 0 0 Why did the company drop in 2012 and never recover since? -------- shipSSinkin wiTh theRiG ------ dealy27 Jun '22 - 13:38 - 16633 of 16775 0 0 0 Premier Milton dumped their 5% holding on Friday. That alone could trash a stock price. Smart or just frustrated ? ------ PWhite7327 Jun '22 - 00:31 - 16630 of 16775 0 1 0 There are two threats to suspension. The first is tomorrow when they default on a loan the second is 30/06/2022. If a company defaults on a loan by reason of not being able to pay then it is technically insolvent. It is a criminal offence to trade whilst insolvent so a suspension RNS could come as early as 07:00 tomorrow. Main listed companies have four months until the year end to publish the results. Under Covid rules another two month extension was granted. The year end for LAM is 31/12/21 which means the results would normally have to be out by 30/04/222. An extension to 30/06/22 has been utilised. There can be no further extensions beyond 30/06/22 unless the company opts to change its year end date. --- --- |
Posted at 12/7/2022 09:37 by tomboyb 2 July 2022LAMPRELL PLC ("Lamprell" or the "Company" and with its subsidiaries the "Group") UPDATE REGARDING POTENTIAL OFFER Further to the announcement made on 24 June, the Board of Lamprell PLC announces that it has received a combined non-binding indicative all cash offer to acquire the entire issued and to be issued share capital of Lamprell (the "Possible Offer") from Blofeld Investment Management ("Blofeld") and Al Gihaz Holding Company ("Al Gihaz") (together, the "Joint Bidders"). The Joint Bidders have a combined shareholding of 44.24 per cent in Lamprell. The Joint Bidders are working as fast as possible to put forward the Possible Offer for the entire issued and to-be-issued share capital of Lamprell at a price of 9 pence per ordinary share which also includes a proposed secured bridging loan with a peak aggregate amount of USD 145 million. The Board of Lamprell has carefully evaluated the Possible Offer together with its financial adviser, Investec Bank plc, with regard to the Company's current liquidity needs as set out in the Company's announcement on 24 June. The Board has concluded that should a firm offer be made on the same financial terms as the Possible Offer it would be minded to recommend it to Lamprell shareholders, subject to the agreement of other customary terms and conditions and subject to agreement of the proposed bridging loan. Pursuant to Rule 2.5 of the Code the Joint Bidders reserve the right to amend the terms of any offer if Lamprell announces, declares or pays any dividend or any other distribution or return of value to shareholders after the date of this announcement, in which case the Joint Bidders reserves the right to make an equivalent adjustment to the terms of the Possible Offer. There can be no certainty that any offer for the Company will be forthcoming, nor any certainty as to agreement on the interim financing solution with the Joint Bidders. In accordance with Rule 2.6(a) of the Code, the Joint Bidders must, by not later than 5.00 p.m. (London time) on 22 July 2022, either announce a firm intention to make an offer for Lamprell in accordance with Rule 2.7 of the Code or announce that they do 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. This announcement has been made with the consent of the Joint Bidders. A further update will be made as and when appropriate. - Ends - |
Posted at 02/7/2022 09:56 by pwhite73 dealy - "The route to value here for the shareholders and lenders / jv partners/ suppliers/ customers is to help the company get through the next few months."You need to take one step back and consider if helping the company through its liquidity crisis is the best outcome for everyone how has LAM got into this mess in the first place. In RNS 24/06/2022 LAM told you it has tried to negotiate an equity fund raise with its lenders. It has asked for a one month extension on the $26 million loan from its lenders. It has tried to negotiate a takeover offer with Blofeld that includes addressing the liquidity crisis. To date all the negotiations have failed even the auditors have been put on hold for the next three months. That's because nobody is interested in debt stricken LAM Plc its the contracts, rigs and assets the lenders and shareholders are interested in. Try and separate the shares from the operations. I know its hard and you can't get your head around why major shareholders would damage their own holdings but it happens if there is a bigger pot of gold from administration. |
Posted at 02/7/2022 09:27 by dealy Look, call me old fashioned but generally the best outcome for shareholders (including the major ones) is a strong share price. You build a stake and you hope that the shares go up and stay up and pay dividends or the company is sold for a premium.Everything else is highly risky (cherry picking contracts, assets etc) and extremely complicated. The company has net cash and net assets and a number of milestone cash payments in the pipeline. It is not saddled with debt in a way that would make a pre pack or chapter 11 interesting. The business plan is solid with just short term liquidity/ working capital needing fixing. The route to value here for the shareholders and lenders / jv partners/ suppliers/ customers is to help thr company get through the next few months. Anything else will produce a worse outcome. |
Posted at 30/6/2022 18:20 by pwhite73 No. As a PI you don't buy shares in a company because of its assets but in the hope of a capital increase in the share price. Oil rigs are no good to you where are you going to store them in your garden?.Sami has bought shares in Lamprell to influence and exercise control over the Middle Eastern contracts and rigs not because he thinks the shares are going to shoot up. He would know from tomorrow he would not be able to trade his shares but he still maintains voting rights and that is his main concern and why he bought the shares. If you are still in when the stock is suspended voting rights are meaningless to you as a PI. |
Posted at 26/6/2022 13:09 by deltalo Blowfeld are looking to buy the share capital so how can they suspend the shares as the company can't do that under offer, if they could then they would have done Friday at 7am when the share price was 22p. The offer imo will be 50m + as a 10p share price +Still a giveaway just from a short term liquidity issue, Blowfeld is a major shareholder so it's in their interest to value the company appropriately. We'll soon see. |
Posted at 24/6/2022 12:24 by gepetto100 So ball park 413 million shares in issue103 million shares owned by Blofeld310 million shares cash offer for What did Blofeld acquire their 25.06 percent for in total as they are sitting in a loss at current share price levelsThe price paid or on offer is in relation to the outstanding 310 million shares This amount will have to cover total debt - do the maths w |
Posted at 24/6/2022 11:30 by pwhite73 Yes it will need a capital restructure because a takeover involves the purchase of existing shares and the purchase of shares that are due to be issued like staff options, warrants and shares the company has received the authority to issue at the last AGM but have not yet done so.RNS 24/06/2022 - "The Board of Lamprell PLC announces that it received a non-binding indicative cash offer from Blofeld Investment Management ("Blofeld"), a 25.06 per cent shareholder in Lamprell, regarding a possible offer to acquire the entire issued and to be issued share capital of Lamprell (the "Possible Offer")." |
Posted at 24/6/2022 07:32 by tomboyb Lamprell plc24 June 2022 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 24 June 2022 LAMPRELL PLC ("Lamprell" or the "Company" and with its subsidiaries the "Group") STATEMENT REGARDING POTENTIAL OFFER This announcement should be read in conjunction with the Group's trading, funding and liquidity update announced separately this morning. The Board of Lamprell PLC announces that it received a non-binding indicative cash offer from Blofeld Investment Management ("Blofeld"), a 25.06 per cent shareholder in Lamprell, regarding a possible offer to acquire the entire issued and to be issued share capital of Lamprell (the "Possible Offer"). The Board is considering the Possible Offer in light of the Group's liquidity position and the Company's funding requirements of $75 million over the next two months. Blofeld's proposal in respect of the Possible Offer is at a very significant discount to the prevailing share price and any acceptable offer would need to include an interim funding solution or bridge financing. The parties have been in discussions for more than two months but have not reached agreement on the price or conditions of a Possible Offer (or in relation to the interim funding solution or bridge financing ). The parties will continue to work together to try to reach a workable solution by way of an updated offer, which also provides a solution to the immediate liquidity needs of the Group. There can be no certainty that any offer for the Company will be forthcoming nor as to the terms of any such offer, nor any certainty as to agreement on the interim financing solution with Blofeld , particularly in the time available . In accordance with Rule 2.6(a) of the Code, Blofeld must, by not later than 5.00 p.m. (London time) on 22 July 2022, either announce a firm intention to make an offer for Lamprell 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. There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made. This announcement has been made without the consent of Blofeld. A further update will be made as and when appropriate. - Ends - |
Posted at 20/5/2020 15:41 by plunger2 Well the best of luck with that!Past performance was always to let you in on the $ size of a biggie - not to hide it. My suspicions are that it's a smallie. Good luck to all who are in profit - it's a black swan with LAM share price Nothing would tempt me back in with this management. GL DYOR |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
