Lamprell Share Discussion Threads

[davr0s] 12/1/2015 19:44

Wow - glad I bailed on Friday - that was a close call

[srpactive] 12/1/2015 19:40

Follow the rsi 14, for the confirmation of the entry point.

When the rsi 14 starts showing more strength than the share
price it will be time to buy. I did it with bpty at 85p
anf hgm at 30p.

dyor

[adp] 12/1/2015 19:08

No idea why, Oil down again now too wont be helping anyone in this sector. Tough times ahead, but some bargains to be had later on and serious money to be made on the way back up. Nothing can stop oil jetting back up to 100plus, the world is too greedy for that not to happen.

[forwood] 12/1/2015 12:20

JP Morgan today maintains overweight rec but revises target down to 154.

[plunger2] 12/1/2015 08:49

I agree with those comments. And there are some who believe that the POO will recover to $75+ in 2015.
No matter how good LAM's management is they cannot fight the POO. The Oil/Oil services sector is a difficult place to invest in right now even though opportunities abound; most people need some encouragement - such as a stable POO at very least.
One thing is certain in my view the POO will go back up, back through $100. The only bother is when?

JMHO

[plunger2] 12/1/2015 07:58

One thing the big boys will like is the financial position here.
We still have net cash of 53p+ per share; one would imagine that puts some sort of a floor under the share price.
Rest of the statement is typically LAM - trying to under promise. But also kicking for touch with the POO.
I suppose we must wait to see where the POO is come 19 March. No predictions from me!

[bulltradept] 12/1/2015 07:58

Reads like a profits warning going forward..

[puzzler2] 12/1/2015 07:44

Very balanced report, I thought. One to now watch as the POO recovers in due course.

[owenski] 12/1/2015 07:23

As expected I guess, quite a good current year but with poor outlook, unfortunately LAM doesn't offer a div to cushion the wait for market upturn.

Would imagine this has further to go down??

[owenski] 11/1/2015 20:20

Agreed,

I do think they're not going to be converting orders due to delays. Could get lean for a couple of years.

[adp] 11/1/2015 16:53

All oil plays are risky at the moment, but Id agree that Lamprells timing is bad and it could have been so different. Ive been in and out of this one like a yo you but finally left for good some months back and Im glad I did. The problem as I see it is Lamprells future is in the hands of others. If the orders dont come in, or get cancelled then thats a big deal and right now its fairly obvious that this is a serious threat. Could be a great play when oil prices turn the right way and a genuine uptrend is established which personally I think could be a couple of years. All my opinios dyor etc etc

hxxp://www.msn.com/en-gb/money/commodities/uk-oil-explorers-to-reveal-plight-of-falling-price-on-industry/ar-AA80BVF

[owenski] 10/1/2015 16:39

A lot of rigs being mothballed and hirings are down. In current low oil price market LAM is not looking like a good play. Wouldn't be surprised to see it under a quid.

[puzzler2] 10/1/2015 15:45

...know how you feel DavR0s - I also had held for virtually two years, buying and selling twice for a combined small (1%) loss - feels like a wasted opportunity. Here was a company that messed up, then got its act together in time for the biggest collapse in the POO we've seen for years. Shame really. One to watch over the next few months imo, with a view to getting back in if prospects look interesting.

[davr0s] 10/1/2015 13:56

Regrettably sold out yesterday for b/e having held 2 years - nothing against company but general oil sector headwinds too strong at moment - will look to come back in when sentiment changes

[smurfy2001] 06/1/2015 00:28

Below a quid here would be ideal.

[aimingupward2] 05/1/2015 23:16

- or maybe not. The oil price could well have recovered substantially by the time new rigs, being ordered now, come into service. Lead times to deliver are such that cancelling orders and waiting until the oil price has recovered doesn't make too much sense.

[saltaire111] 05/1/2015 22:21

Oil price collapse is terrible news for Lam and all the other oil service companies. Can see cancellations coming thick and fast.

Salty

[plunger2] 31/12/2014 13:18

Well I'm no legal expert but it looks like LAM are merely complying with new regulations of the FCA. Here's a Clifford Chance summary link:

file:///C:/Users/7/Downloads/briefing_note___klh___rule_changes_relating_to_controlling_shareholders_to_take_effect_on_16_may_2014_6022327.pdf

LAM had to put in place a compliant agreement with the Lamprell family (33% shareholder) by 16 Nov 2014 and the RNS states they have so done.

DYOR JMHO

[srpactive] 31/12/2014 08:41

What does anyone make of the rns yesterday?

[aimingupward2] 30/12/2014 16:51

Yes, that newsletter makes very encouraging reading. Thanks for the link, plunger.

[plunger2] 29/12/2014 17:37

Lots of activity these days at LAM to judge by their latest in-house newsletter.

[plunger2] 18/12/2014 14:53

Another successful delivery today:



Onwards and upwards!

[adp] 13/12/2014 12:48

hxxp://bcove.me/fga95kfo