||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Lamprell Share Discussion Threads
Showing 14901 to 14925 of 14925 messages
|Lets hope so, sooner the better, this has been dragging
on for years.
|active, I agree with your thinking.
Now that we know NG represents the Lamprell family it can only be to assess the options. He's a financial/transactional guy. So either it's a MBO or he's there to tell the family to sell up and advise at what price and to help get it done. In any event he's NOT there to run the company any better.
The FD said cash balances would trend up. The CEO said an amicable settlement with Cameron could be reached. So its not a stretch to put cash at (say) $340m or 80p per share soon enough. The net (tangible) assets per share are c 125p.
Some sort of a premium to the 125p will be required. I say 10p min but 30p max for a deal with oil price in $50-55 pb for brent.
It truly looks/smells like the set up for a deal - even in Q2 or at worst Q3.
|Mr Garrett joins the Board with immediate effect. As the Company's major shareholder, Lamprell Holdings Limited, nominated Mr Garrett's candidacy for the role of Non-executive Director, Mr Garrett is not considered to be independent for the purposes of the UK Corporate Governance Code. His biographical details are set out below.
The above from the release today.
So if he is not considered independent, what is he doing as a non executive.
The report also states he knows alot about Lamprell, this imho
Here it is
Lamprell (ticker: LAM), a leading provider of diversified fabrication, engineering and contracting services to the global energy industry, is pleased to announce the appointment of Mr Nicholas Garrett as a Non-executive Director of the Company. Mr Garrett brings significant industry experience, in-depth knowledge of the market and a solid understanding of Lamprell's business.
In his 23-year career at JP Morgan Cazenove, Mr Garrett advised a wide range of companies on the delivery of their growth strategy, corporate transactions and access to capital. In his role as the Head of the IPO/Execution Team Nick Garrett worked on Lamprell's listing in 2006 and over the subsequent years has formed a solid understanding of the Company.
This has a mbo approach written all over it, he also has knowledge of access to capital markets.
I also ask myself why did the share price spike to 120p
the other week for no reason.
Thank you, I would not even think we would get that.|
|Agree with you both.
Oil price has ruined the sector for now at least. It's just a mess.|
|In this morning with a £1.30 target. A bid would certainly be welcome! Or the whiff of one...|
|they're already manipulating the figures.... don't expect more than 140-150. Anybodies guess now! imho|
|No agree, 130 - 140p, imho.
What do you think?|
|Don't think the management will offer much of a premium.|
|Lets hope someone asks the board today, what Mr NG's
job is as it was an immediate appointment, no messing
|Well - as stated - Nick Garrett isn't joining the BOD to make the tea!
All we need now is yet more patience...
|And they'd be getting it cheap, even if a slight premium was added.|
Now would be a excellent time for the Lamprell family to
take it private, massive cash pile, redundancies announced
and being paid for by existing company, streamlined for
when work increases with new improved yard and new well
|Agree with you re NG.
He can only be there for a corporate action of some scale. In the future too but when?
That cash pile has great attractions!
I still feel LAM is a sitting duck for a t/o if they get the Saudi deal. Kennedy did all this before and CMcD was a big shot in PFC. So whether it's a buy in or a buy out, a consolidation even seems highly likely. It's the industry climate as well.
|Are they manipulating their turnover figures:
5 out of 7 years with 2nd digit zeros - as a coincidence that looks a stretch.|
|The second rns is interesting, Mr NG was immediately
put in place by the Lamprell family. He was part
of the ipo team in 2006/08, so an expert in
I think something is about to happen, could it
be the Lamprell family considering taking lam
|Pleasing update. All the bad news is in the price in my view. Good cash position.
|Well cash position good, the rest seems to be as expected
as we recover. I would expect a more higher this morning.
|Some big trades going through, could we be in for
some excellent news tomorrow?
|Yes hoping we will touch 104p or higher by the close.
|Get ready to light the touchpaper!|
|yes 24th on Co. website|
|Results tomorrow, source IC, lets hope we have
an update on the compensation payment.
|I assume we'll stay above a pound!|
|decent statement from Cape today|