Share Name Share Symbol Market Type Share ISIN Share Description
Lamprell LSE:LAM London Ordinary Share GB00B1CL5249 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -1.26% 98.00p 98.00p 98.75p 98.75p 98.00p 98.50p 50,006 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 570.9 -147.3 -43.7 - 334.89

Lamprell Share Discussion Threads

Showing 14976 to 14999 of 15000 messages
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DateSubjectAuthorDiscuss
15/8/2017
13:51
On the basis that it is rarely wise to upset your customers, Lamps has today announced an 'amicable' settlement with Cameron after the famous ENSCO disaster of 2016 which led to LAM taking a $25m hit. The settlement, whilst not made public, appears to wash the cash element through the accounts (which have already been closed off ) and Lamps gets a couple of land rig orders to ameliorate the pain. In the end no one has been hurt and Lamps have not lost an important relationship with Cameron which we mustn't forget is a subsidiary of Schlumberger...
losses
15/8/2017
12:31
Fair comment today here from Malcy: http://www.malcysblog.com/
plunger2
15/8/2017
08:42
mf - it's as clear as mud! My understanding was that they had historically provided for all the compensation due to Ensco for the rig delay. If this were the case one would expect a write back to the P+L for the settlement. So how much? Otherwise they should have said that they had provided for a settlement net of what they hoped they would get from Cameron. I can understand a neutral cash affect if they were withholding sums due to Cameron. They missed an opportunity to clarify things which disappoints me. JMHO
plunger2
15/8/2017
08:10
It's not really a settlement is it? It's a face saving exercise and an order for two rigs at an undisclosed price but which may well very positively impact on 2018s figures. Or have I read that wrong?
mad foetus
15/8/2017
07:12
rns re settlement
wynmck
08/8/2017
13:54
nice to see a little support. imho
targatarga
03/8/2017
08:17
Yes - I think the new CEO said negotiations were progressing well. I am expecting H1/2017 to be quite good as all the remaining rig orders were completed in that period. The outlook for the second half might be more unknown as little enough has been announced. LAM seem to quite like "massaging" the numbers so I would not be surprised to see the compensation show up in H2. Only guesswork on my part. The real play here for the future is the KSA project - how this evolves will be key. In any event the capex drought caused by the PoO can't go on much longer - I hope! JMHO
plunger2
31/7/2017
20:23
Aren't Lamprell expecting some compensation for previous contracts?
targatarga
31/7/2017
18:23
Interims due 22 Sept 2017: http://www.lamprell.com/investors-centre/financial-calendar/upcoming-events.aspx
plunger2
23/7/2017
14:27
Indeed! The Saudi Aramco joint venture will "enable Lamprell to grow in scale more than would have been possible for them as a stand alone company" and is seen as a project that "will be transformational for Lamprell's future growth prospects." Patience probably needed, but it's certainly encouraging against the current background of low oil prices.
aimingupward2
23/7/2017
11:59
LAM Quarterly Newsletter seems as upbeat as ever: http://www.lamprell.com/~/media/Files/L/Lamprell-v3/times-newsletter/2017/Lamprelltimes%20Q2_2017.pdf
plunger2
07/7/2017
08:21
plunger - yes, and if you look their offer wasn't much above the price a few months back! imho
targatarga
07/7/2017
08:03
I notice CIU bid for today at 46% premium. Consolidation and corporate deals in the sector are inevitable IMO JMHO
plunger2
16/6/2017
15:19
The price drops and shake out this morning, followed rapidly by a total recovery this afternoon, suggest to me that the market foresees a need for stock and has tried to scare some holders into selling, possibly in some case by triggering stop losses. We shall see!
aimingupward2
14/6/2017
16:26
It used be "you can't fight the Fed" Now it's "you can't fight the PoO" It's completely illogical and LAM could do very well but the market is in a complete funk regarding all things to do with oil. Long term thinking is = the end of next week! May go on some or may not - who knows.
plunger2
14/6/2017
10:05
Or more. Why stop, or even pause, at 122p?
aimingupward2
14/6/2017
07:30
Morning, a little resistance at 115.5p, after that we could experience a run to 122p, dyor.
srpactive
13/6/2017
12:36
I agree. It's beginning to look promising.
aimingupward2
13/6/2017
12:24
Looking better, now.
srpactive
06/6/2017
08:40
After reading this article, it shows we are really in the right place, but imho we will be bought out very soon, dyor. ============================= Saudi Cash Stirs Up Buyout Game -- WSJ 06/06/2017 8:02am Dow Jones News
srpactive
05/6/2017
16:18
Good break out looking very good here for a challenge of 120p then 140p, dyor.
srpactive
05/6/2017
10:07
tt Yes I feel we have turned the corner, could even draw out a larger investor that wants to be part of the deal and buys Lamprell to get it, dyor.
srpactive
05/6/2017
09:29
Feels like we've a little wind in our sails....
targatarga
03/6/2017
11:35
This another interesting one, could we have GS getting involved here? dyor ============================ Goldman Sachs is trying to expand its business in Saudi Arabia by applying for a licence to trade shares. Times
srpactive
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