Lamprell Share Discussion Threads

[losses] 30/11/2016 12:45

Active... need to wait for 3pm announcement... this might just be speculation followed by a massive reversal later... hope not though

[srpactive] 30/11/2016 12:41

Oil rising well, now over $50 per barrel.

dyor

regards

active

[brucie5] 30/11/2016 10:18

Thx. Will take a look.

[srpactive] 30/11/2016 09:15

b5

I also hold and am buying fccn, the chart is copying
lam from a couple of months ago. I am expecting a
move at fccn towards 45p.

Go to the fccn thread to discuss if interested.

dyor

regards

active

[brucie5] 30/11/2016 08:55

Yes, just added to a full holding.

[srpactive] 29/11/2016 20:24

Golden cross about to form, get ready for take off.

dyor

[barman92] 29/11/2016 14:16

On the Saudi JV, is this now a cert? I may have missed something but the I thought the last RNS on this was just to the effect that discussions were on foot but the ink was not dry on LAM's involvement.

[losses] 29/11/2016 12:57

It depends what OPEC does tomorrow... that will give short term direction

[srpactive] 29/11/2016 12:36

3rd eye

Good post I started buying more after the double bottom at 58p,
one of my picks for 2017, fund managers take note.

My lam share price target for year end 2017 is 200p, and I also
feel we will get our first dividend for many years.

dyor

regards

active

[3rd eye] 29/11/2016 11:49

LAM Lamprell Oil service And equipment.

Chart looking very positive.



Profitability ratios

Normalised P/E ratio
5.984
Profit margin
4.304%
Gross margin
14.18%
Operating margin
8.919%
EBITD margin
£75.79M
Pre-tax margin
4.366%

[srpactive] 27/11/2016 17:04

Yes as I have said this along with gold miners, online
gambling and retailers are the places to be in 2017.

dyor

regards

active

We will know for sure after my little new year observation,
working 100% so far, and not long until year end.

[brucie5] 27/11/2016 14:41

Thanks, how did I manage to miss that..?
😐

Onwards & upwards!

[aimingupward2] 26/11/2016 22:39

The $90m contract, Brucie, was back in late September. Now we have a $225m contract which is not just 'significant', but highly significant. The two together are not that very far short of the market cap' which, is only about $360m, whilst the share price is way behind the next asset value per share of 146p.

These contracts should do a lot for LAM's profits over the next two years and for the share price too. And there are likely to be further contract wins. Most oil rigs are elderly in their life span, I understand, and will be due for refurbishing or replacement relatively soon. There is still going to be a need for new oil fields to be developed to sustain the worlds requirements for oil for quite some years yet. Nevertheless, it's good to see Lamprell gaining major contract work outside it's main traditional area of expertise.

[brucie5] 26/11/2016 11:07

Yes, this was a nice bonus to a promising chart. Only downside is that I will now have to wait for the spike to settle before buying my full quota. Since its great fall in 2011, it's swung between 60 and 1.80, with the median range being between 80 and 1.50. I wouldn't know how the financials add up here, though a 90m usd contract on a mcap of 290m gpb is significant, particularly if we get further orders in this space.

Would be nice to see some analysis on how such developments might impact on the bottom line! But from chart point of view, a break over £1 is always good news! Also, for those looking for post oil economy stocks,while mindful of the fact that we still need oil, this is an interesting business, since it kind of bridges both.

[aimingupward2] 25/11/2016 23:36

Many thanks. All looks pretty positive going forward.

[srpactive] 25/11/2016 20:09

Thank you owenski, I have just logged back in.

regards

active

[aimingupward2] 25/11/2016 16:35

What are the main points it is making, please, active. Is that on-line Telegraph?

[srpactive] 25/11/2016 16:11

Good article in the Telegraph about todays rns,
looking much better going into the new year.

dyor

[plunger2] 25/11/2016 12:39

Agree with active there.

We know that little is predictable in these strange times with the PoO so low.
I do know they waited some time to get this CEO and clearly - to judge from contract wins - he was none too shabby at PFC.

So some decent upside could easily happen and today's price could look quite cheap. It still looks very undervalued compared to some. We'll see.

JMHO

[srpactive] 25/11/2016 11:47

It has dropped from 180p recently, you do not need to buy
the exact bottom to profit, just somewhere near
it.

dyor

regards

active

[the big fella] 25/11/2016 11:39

I was looking at this only yesterday as a decent recovery play. Shame I waited a day to buy.