Lamprell Share Discussion Threads

[plunger2] 28/1/2016 09:10

Well the poo rules all.

But seriously you have 2 industry giants crawling all over little LAM doing due diligence for up to 3 months. And the market almost yawns!
Unless you thought something untoward was going to emerge why on earth would anybody sell LAM at this price level?

JMHO

[plunger2] 26/1/2016 07:57

MOU is potentially a major event for LAM.

Saudi Aramco needs no introduction.
Hyundai Heavy Industries = world's largest ship building company.

Join up the dots any way you like. I hope it completes!

DYOR

[srpactive] 22/1/2016 16:02

W

Read my 14243 post.

[srpactive] 22/1/2016 15:39

wynmck

Yes said that is what would happen the other week.

140p bid.

dyor

[bgwesley] 22/1/2016 13:58

Thanks Wynmck, if any truth in bid hopes, maybe the posts on LSE were just to panic people into selling. Although, other companies are seeing big rises, today, with the oil price, too.

[wynmck] 22/1/2016 13:23

comment in Market Report in Mail today
"oil equipment services group Lamprell jumped 8.25p to 72.5p on bid hopes.
Sept 2014's peak was 178p"

[bgwesley] 22/1/2016 12:44

Thanks bookbroker, the newly awarded Petrofac UZ750 modules, in Sharjah yard. Previous work going along well, although on slim margins.

Another poster, however, said that he works close to the project, and that the job is going well and not on slim margins.

[bookbroker] 22/1/2016 05:46

Which project, they do a lo of work for Petrofac!

[bgwesley] 20/1/2016 21:43

Unfortunately, bought back in here, a few weeks back at an average of 91p. There were some big daily falls after this, notwithstanding the falling oil price.
I see a poster, on the LSE website, has said that there are problems with the Petrofac project. Another poster has dismissed this, though. Can anyone here, shed some light on this?

Thanks

[bookbroker] 12/1/2016 11:22

Bang on, but right now it's about staying in the game and the remaining cos are still profitable, sure ur right 'mad', but they are making it harder down the road to come back from this, time is not on their side and raising taxes to a nation that expects a free lunch will only make their domestic situation harder!

[srpactive] 12/1/2016 11:18

I suppose the lower the oil and gas price, less feasible
fracking. Am I close?

[mad foetus] 12/1/2016 11:05

there are other issues at play - if the price rises then shale becomes more attractive. renewables are becoming cheaper all the time, and once the battery issue is sorted out nobody in a tropical climate will need oil. most of all, Saudi's finances are a basket case. their currency is pegged to the dollar, their reserves are collapsing, the political system depends on patronage, on giving people hard cash in return for their loyalty, and all the time they have ISIS on their doorstep and Iran in their backyard.

The problems they face are extraordinary and taking their toys away isn't an option.

[tipjunkie] 12/1/2016 10:54

but what is the point of maintaining your output for a third of the price = why dont they all starve the market and push the price up and hold onto their reserves at the same time. Or is that too simplistic?

[mad foetus] 12/1/2016 10:37

"it would not take a lot for OPEC and other countries to have some sort of quota system"

well, it would take the leaders of Iran and Saudi to sit down and have a polite discussion for a start.

[deanowls] 12/1/2016 10:27

They will be no update this week, everything said at the end of last year still stands.

From Investor relations.

[bookbroker] 12/1/2016 09:23

This story about the demise of oil is a load of tosh, the problem is the crass stupidity of nation states to try and compete with each other for market share, it is simply supply and demand, and the difference is let's face it very narrow, currently two million barrels, it would not take a lot for OPEC and other countries to have some sort of quota system. WE KNOW that, but greed is the game, and the fact that countries that produce oil have become far too dependent upon it for shoring up their countries budget, strange that nearly every country that produce oil are run by autocrats, and are generally undemocratic! Could go on and on, but we all know that oversupply applies to corn and soya in the US just the same as oil!

[mad foetus] 12/1/2016 09:14

I am swinging towards the view that, as a commodity, oil has no long term future. Certainly not as a crude fuel, though it has other uses that may last for longer. But this may not be a bad thing for LAM in the short/medium term. The ME has the lowest costs of production and may well think that it is better to drill oil now and sell it for $20/barrel than leave it in the ground and never be able to sell it. So I would not be at all surprised to see activity pick up for LAM as a frenzy to "sell oil while you can" kicks in.

[bulltradept] 11/1/2016 16:09

srp, What do you base that on? I like a good conspiracy as anyone.

Cheers

[srpactive] 11/1/2016 15:33

They will not say anything, the longer it stays lower
the lower the yearly mean average share price will equate
to for working out bid price from management and the Lamprell
family, aimho.

dyor

regards

active

[bookbroker] 11/1/2016 15:06

Investors deserve an explanation for these falls, co. should make some sort of statement against the positive tone of the last one in November!

[bookbroker] 11/1/2016 13:55

Well , we are back at the price we were during the last crisis the company went through, and although the balance sheet is in much better shape, it is a question of where this co. goes from here, likely that there will option deferrals, and it's a case of how much work there will be! The only saving grace is the fact that this co. operates in a part of the world where there is likely to be a degree of work down the line, but I did not think we would be back in the 70's as far as price was concerned!

[wynmck] 11/1/2016 13:34

they had one the November previous to January last year too