Lamprell Share Discussion Threads

[adp] 13/12/2014 12:47

Why does ADVFN delete my links?

[adp] 13/12/2014 12:46

Doesnt feature LAM but an interesting watch

[...]

[adp] 11/12/2014 07:54

Bp just sub 4£ almost 3 year low

[gta5] 10/12/2014 16:17

I wonder why this is Holding up so well in this bloodbath on the Oilprice...?

[plunger2] 09/12/2014 22:15

It's obvious why it's up - Norges bank (ie Norwegian State PF) are buying and at even higher levels than today. Why?
CLUE: either they think they know something about LAM/the sector or they don't know anything at all!
And of course LAM - with only 53p per share in net cash at 30/6/14 could go bust.
And worse still there could be a free pint of oil soon in every packet of corn flakes for ever and ever and ever - as long as there are plenty of rigs to access the cheap(er) oil to extract!! LOL ROTFLMAO!

JMHO DYOR

[ja48] 09/12/2014 13:17

Several large buys at 12:30. Maybe some-one knows something ?. A nice thought even if only speculation.

[adp] 09/12/2014 12:56

How is this up with oil prices off again?

[plunger2] 04/12/2014 10:00

Perhaps next week we'll hear that Tony Wright (the Deputy CFO) is being made CFO; it wouldn't be the first time the person that was needed was there in front of our noses; pure speculation on my part. Either way LAM is certainly looking for people:


JMHO

[srpactive] 02/12/2014 08:43

Lam now a little smaller for management to control, more profitable
with added cash.

[plunger2] 02/12/2014 08:26

Further good news. Getting rid of a loss maker for a few quid only brings the resumption of dividends even closer.
Another feather in the JM cap.
But the POO is the only thing markets want to know about for now - may go on for a bit more too.

JMHO

[skinny] 02/12/2014 07:53

Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces that it has entered into an agreement for the sale of one of its smaller non-core service businesses, Litwin PEL LLC ('Litwin'), to Nauvata group of companies for an enterprise value of US$ 3.0 million. Litwin is an engineering and minor EPC contracting company that serves the oil and gas, chemical and petrochemical sectors in Abu Dhabi.

As previously announced, the Board has been reviewing the ownership of certain service businesses which do not form part of the Group's core business. Litwin has been operating in the UAE since 1991, currently employing approximately 80 staff, and was included among the group of entities acquired by the Company in 2011. In 2013, Litwin delivered an operating loss of US$ 5.3 million (based on the 2013 audited accounts). Audited gross assets for the Litwin business as at 31 December 2013 totalled US$ 9.1 million, however there is an overall net liabilities position in the business.

The Group will continue with its process to dispose of the other non-core service businesses but only if acceptable terms can be obtained and subject to Board approval.

Lamprell will use the proceeds from this disposal to support general working capital requirements on its core business streams.


- Ends -

[adp] 01/12/2014 19:04

Its not LAM, but an interesting read on Shell/oil prices

[...]

[srpactive] 01/12/2014 08:36

I have noticed over the years and bought due to the fact that
when the 50dma crosses the 200dma to the downside, the share
price is very close to the low point.

dyor

regards

active

[plunger2] 30/11/2014 12:23

Here's a link to the thoughts of Jim Rogers on the oil price situation:



He's can't make it add up on any kind of medium term basis.

[skinny] 29/11/2014 15:37

Having sold these @171.05p, they are definitely back on my to do list.

Heavy volume yesterday, possible capitulation @ 120p.

[orchestralis] 28/11/2014 22:45

I was stopped out of Lam today. I'm please as think it will go lower. Hedged it by shorting brent and wti.

[plunger2] 28/11/2014 16:09

Once this sort of stuff starts the initial reaction is always to throw the baby out with the bath water. I have a very full watch list but the mayhem could go on. There's no way to know.
And too true we've seen it all before.

GLA

[smurfy2001] 28/11/2014 16:01

FENR also another stock getting a good hiding.

[smurfy2001] 28/11/2014 16:00

Reminds me of the last recession when oil and oil service stocks got smashed, but made a wonderful recovery when oil price recovered.





Have added to watch list.

[plunger2] 28/11/2014 15:58

There is no point in being surprised by anything once irrationality takes over.

As of 30/6/14 LAM had 53p per share in (net) cash which would make it look like good value at 70p. But then maybe not?

DYOR

[bulltradept] 28/11/2014 15:57

Not so sure about that Smurfy! Although there is a gap @ 94 - 98p so if you believe in gap theory..

[smurfy2001] 28/11/2014 15:48

Back down to 70p? Just look how hard BP. been smashed.

[bobsidian] 28/11/2014 15:48

One look at the share prices of HTG and CIU and you can sense the theme being played by equity markets. Sell,sell,sell...

What would be the trigger for a reappraisal ?

A panic driven reassessment by OPEC ?
A sharp drawdown in oil reserves ?

In the absence of any such news flow equity market participants have little reason to change their stance.

If broader equity markets are set for another shallow correction all too often it is the easier sells which are used to power markets lower.