Lamprell Share Discussion Threads

[srpactive] 29/9/2016 10:08

Yes agree, I have been adding here recently and will
continue to do so, I feel oil has bottomed and will
start to rise, the oil services sector is like the
gold sector two and a half years ago, when I was
buying heavily. I continue to buy here.

dyor

regards

active

[philjeans] 29/9/2016 08:11

OPEC deal good for the POO and thus good for LAM.

On to 80p.

[srpactive] 28/9/2016 18:15

Very good post and chart, I agree, I already have many
at 69p and a little lower.

dyor

regards

active

[tradesmarter] 28/9/2016 18:04

I'd agree my target is 80-90p and must admit thought we had already bottomed a few weeks ago....for now it looks like the downtrend is over, but we need to hold above gap and trendline circa 64-66....once that is backtested or gap filled I think a new longterm uptrend will have started....if we close below 64 I'm out, if we get above 72 then ill add some more.

free stock charts from uk.advfn.com

[srpactive] 28/9/2016 08:37

A little retrace, consolidate, then a challenge of 80p is
what I am expecting.

dyor

regards

active

[dave19w] 27/9/2016 19:53

Hi Hippo which competition are you referring to who are so busy? They still have a good reputation. Hard to win tenders when they are not being awarded or are being re-tendered to try to get lower prices. Quality will always win out in the end

[hippo] 27/9/2016 11:09

^it's why the competition are remaining busy......So either they are not wnning the tenders or their reputation is shot.

[aimingupward2] 26/9/2016 22:52

You raise a good point, Dave19w. It's my understanding that the majority of rigs around the world are pretty elderly and, in the not too distant future, will need either to be refurbished and upgraded or replaced by new.

[dave19w] 26/9/2016 18:10

What people who talk down this share fail to realise is, that with all the cold stacked rigs around the Middle East and world, and on the back of a 2 year downturn Lamprell and similar companies are going to be inundated with work once the offshore jackups need to be refurbished and put back to work, deals like the one announced today will carry them forward to that eventuality. i look forward to freeing up some cash to buy more.

[hippo] 26/9/2016 14:14

^it wasn't any funnier the second time....

[kev0856153] 26/9/2016 13:44

hippo
Serious question. If someone showed you your elbow and then someone showed you your @rse, would you be able to tell the difference?

[srpactive] 26/9/2016 13:40

KMann

The more like him the better, the more they short
and get wrong, the more momentum it will gather
when they need to close. Think of a coiled spring
with more weight being applied, the force when
released will be most powerful.

dyor

regards

active

[kmann] 26/9/2016 13:22

Hippo, still talking doom in the face of a contract worth over a 1/3 of the market cap. FFS

And a new client too.

Looks like full on trend reversal

[hippo] 26/9/2016 13:00

Lol the monkeys jumping in, very good play on words by the BOD, I'll give them that. Learn to read between the lines.Revenues through the floor in 2017, so enjoy the bounce, it won't last.

[srpactive] 26/9/2016 12:30

A challenge of 80p could be very soon if 72p can be closed above.

Over the 50 and 100dma, now for the 200dma.

dyor

regards

active

[philjeans] 26/9/2016 12:13

I can smell something burning - smells like......shorts......

[kev0856153] 26/9/2016 12:03

"hippo23 Sep '16 - 17:48 - 14464 of 14471 0 1
C.John...good balanced post"

Unlike yours hippo. Seems you don't know your @rse from your elbow.

[philjeans] 26/9/2016 12:02

The next RNS could well be a full refund of the costs, plus compensation, from the faulty components causing delay of the rig.

That could well be another $100M in the bag!

Remember they are "confident" of recovering all costs plus compensation from Camerons.

[philjeans] 26/9/2016 11:41

Just how wrong can you be!!

LOL!


"hippo
19 Sep '16 - 07:06 - 14439 of 14470    0   0
Well if profits are falling to US11, that is appalling, as they have failed to update the market just how bad things are.

Looking very bad here for holders, going to revise by 2016 share price to 25p."

[philjeans] 26/9/2016 11:37

Through 70p and on to 80p.

Lovely jubbly - quids in!

[srpactive] 26/9/2016 10:28

Yes agree good rns, hopefully see a move back towards 100p
short term.

dyor

regards

active

[philjeans] 26/9/2016 08:10

Impressive order for $90,000,000.

That,ll keep em busy for a year or two.

BUY

[targatarga] 26/9/2016 07:07

Looks like the mid fifties was the low. Upwards from here methinks!

[palwing13] 26/9/2016 07:05

Lamprell plc Contract awardSource: UK Regulatory (RNS & others)TIDMLAMRNS Number : 7531KLamprell plc26 September 201626 September 2016LAMPRELL PLC("Lamprell" or "Company" and with its subsidiaries the "Group")Contract awardLamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce that it has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS, ("Master Marine"), for the upgrade of the mobile operating unit "Haven" as an accommodation service vessel for the Statoil "Johan Sverdrup" field, offshore Norway.The scope of works includes procurement, construction and installation of extended legs and new suction caissons. Lamprell will fabricate the new leg sections and suction caissons in its Hamriyah yard in the United Arab Emirates. After transportation of the constructed rig components to Norway, Lamprell will assemble and install them on the Haven unit in collaboration with local Norwegian construction service provider, Coast Centre Base AS. The works are scheduled to complete in Q2 2018. Master Marine is a new client for the Group. This contract is valued at approximately US$ 90 million.James Moffat, Chief Executive Officer, Lamprell, said:"Lamprell has a well-established track record for undertaking major rig refurbishment projects and so it is pleasing to receive this contract award for work in connection with one of the most prestigious projects in the North Sea. While the market impacted the number of rig refurbishment and upgrade projects during 2016, this award demonstrates Lamprell's continuing ability to compete in this sector which remains an area of strength for the Group. We look forward to working closely with the various project partners on this exciting new project."This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.- Ends - This information is provided by RNSThe company news service from the London Stock ExchangeENDCNTBRGDCBUDBGLU(END) Dow Jones NewswiresSeptember 26, 2016 02:01 ET (06:01 GMT)

[srpactive] 24/9/2016 07:36

Saudis looking to cut production to assist oil glut
as long as Iran reduce to August levels says citywire today.

dyor

regards

active