Lamprell Share Discussion Threads

[aimingupward2] 07/2/2017 09:57

Hopefully, but not certainly - yet. The strengthening dollar v sterling will help, though.

[targatarga] 30/1/2017 12:21

I'm in for some more, feels like these have bottomed!

[palwing13] 25/1/2017 15:32

Motley Fool today...The falling oil price has weighed heavily on shares of Lamprell (LSE: LAM) during the past two years, but the cash-rich company has what it take to ride out oil's cyclical downturn. Indeed, within Lamprell's latest trading update management reported that group cash at the end of 2016 is expected to be up year-on-year, despite falling revenue. At the end of 2015, the company reported a cash balance of $200m or about £160m at current exchange rates. For some comparison, at the time of writing Lamprell has a market capitalisation of £325m, so around 50% of the group's market cap. is cash. Overall, shares in Lamprell are trading at a price-to-book value of 0.6.

[brando69] 23/1/2017 21:17

well that put a dent in my spreadbet that i opened the other week at 101. have doubled up at 92. 55 quid a pip.

[srpactive] 23/1/2017 12:41

I was expecting a little retrace to help with the slightly
high rsi 50, I think we will trade between 90 and 105p for
a couple of months now.

Aimho for what it is worth.

dyor

regards

active

[cjohn] 23/1/2017 12:20

Update was as expected. I see no reason to sell. very strong asset backing, and cash position will improve further, as working capital released on lower turnover,

[philjeans] 23/1/2017 10:35

More like 200p plus.

Huge assets and bags of cash together with massive cash generation!

[plunger2] 23/1/2017 10:00

Anything possible here with Lamprell family at 30+%.
The financials and poor tone of the statement do suggest that a takeover may yet be welcomed. Plenty of consolidation likely in this phase of the PoO cycle.

If LAM were taken out or taken in (so to speak) you would think that a price of 150p+ is absolute minimum.
It's certainly a known unknown in my book!

JMHO

[plunger2] 23/1/2017 09:08

Last year's Cash was about $210m. So we'll guess about $250m - although it could be more.
At £1 per share the market cap would be $425m approx.
So 425-250 = 175. Hence the Business is valued at just $175m, which in the context of a T/O which at $400-500m but maybe lower end, still looks undervalued.

Nothing very new in the update. Just an absence of anything positive.
Becoming standard stuff in the industry.

JMHO

[philjeans] 23/1/2017 08:42

Good update there with strong cash generation continuing.

Work slowing up though and 2017 looking less profitable.

No debt and cash higher again.

Market jittery about prospects and the thought of a large write down in goodwill. But that's only a book keeping adjustment and doesn't affect cash.

Very good time to add today.

[spacedust] 21/1/2017 13:31

Wrong thread. Thought I was posting on ophr thread

[spacedust] 21/1/2017 13:29

I break even at 161p so not selling until 190p

[loveandmoney1] 20/1/2017 07:52

waiting for 160 here myself gl

[plastow] 19/1/2017 11:12

nice charts and the trend is up and on the daily agree 106 is resistance which i marked on my IG account this company is in quite good health its not a dog it wont be long untill we see oil up to 60dpb .

[losses] 18/1/2017 14:51

Thanks trade master... agreed on the BB being a nuthouse lol!I have way too many to mention so getting a bit panicky.. like yourself thought 140 was on the card last few months ago.Oh well can't win em all... I sold my LAM a few months ago then watched in motor on... did well with a decent profit so not complaining.

[tradesmarter] 18/1/2017 14:18

sorry off topic...Losses my view is that the bb is a nuthouse and that is never a good sign in the short term. I thought 140 was on the cards when i bought at 96p, but am underwater even buying tranches in the 71-83p zone and doing a few swing trades (should have scaled in slowly rather than big chunks first) the past few months or so.....this chart is old so i'll update a new one below, but in short 79-81p must hold and 86p must break north on update next week ...for now previous down gap is resistance on way back up and only a break of circa 105/106 in my book means we are out of the woods....I stopped micro managing a while back and think the share will be either £3 or 30p in 18 months .....so from that perspective the risk vs reward is very appealing (but the risk is significant and to some extend outwith their control) I've been scaling in on the way down and again on the recent climb back up.....it could be a great time to buy, but for me its a long termer if you want the bigger payday....even if we do get a "short term spike"....Everyone hates the share, its at multi year lows, in a war zone, not getting paid and a whole load of other stuff.....so a great time to buy when sentiment is "shot o pieces"......the negs have been there for a while, but some positives now slowly creeping through which is why we have "rallied" 20-25% recently from the lows, but sometimes a "dog" just gets sold into on every rise.....have felt there's been a seller about for a few months (not just shorters) and still think this will be taken out and I'm looking for £1.80 personally on this stock.....but its very risky and I'm aware of the outcomes.


free stock charts from uk.advfn.com


previous swing trades were "easy pickings" but at the moment I've no idea where this will go....like everyone the update and payment news will determine the move and not technicals.

free stock charts from uk.advfn.com


Todays short term view shows the "W" bottom and new uptrend BUT 79-81 MUST HOLD or we will likely break the channel and retest the lows

free stock charts from uk.advfn.com


Bigger picture...multibagger or lose your shirt? (last post on this)

free stock charts from uk.advfn.com

[losses] 18/1/2017 13:28

Trade master... what's your take on GENL... I have a fair few of those myself

[tradesmarter] 18/1/2017 13:05

Had a good run on this and happy to leave above my target price of 80/90. Short term think a pullback is likely, but med/long term this looks like a classic "mirror image recovery play"...for now the easy "U shaped recovery" appears to hint 105 is the top for now.....Best of luck if your holding for long term and I only see a drip down to 95p or 88 worst case vs 140-160 later in year. Normally when a shares breaks £1 it trades 95-105, but once broken 118-125 is not far behind.......in short buy any pullback to 95p would be my view, but my target exceeded and sold last tranche.....shame my other trade (in genl) hasnt worked yet....best of luck and may check back in within a few weeks/months......the tea leaves story below


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com



free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


Long term view

free stock charts from uk.advfn.com

[plastow] 16/1/2017 12:58

Another nice little flag forming here hopefully to the up side

[tyroneshares] 12/1/2017 22:59

Let's hope so!!Must be about time for a divided to give it a real boost?

[phatprofit] 12/1/2017 15:34

On the verge of a breakoutP

[srpactive] 10/1/2017 07:33

spacedust

More rig being built good for lamprell.

dyor

[spacedust] 09/1/2017 23:04

169p by new financial year

[spacedust] 09/1/2017 16:05

I thought that story would result in the share price declining not go up