Lamprell Share Discussion Threads

[srpactive] 18/2/2015 18:02

and again today.

[plunger2] 18/2/2015 17:23

Agreed.
Something is holding it down. Needs a buyer in size and then we're off.

[srpactive] 17/2/2015 16:49

mm's playing games again, we should have closed
around 116p, a disgrace.

[srpactive] 17/2/2015 10:47

Looking very good now, bid rising, 116p.

[srpactive] 16/2/2015 12:55

looking good a close over 114.56p and we are in business.

dyor

[pally1] 11/2/2015 16:53

Results due next month should be interesting

[srpactive] 29/1/2015 12:42

bought some more here.

[tipjunkie] 28/1/2015 13:58

this was going great guns until the surprise departure of the CFO - what happened there I wonder? and then the oil price drop of course

who wouldn't be buying

[srpactive] 28/1/2015 12:40

Thank you.

[plunger2] 28/1/2015 12:32

Amko Energy SA is an "entity holding shares for the benefit of a Kennedy family trust" or was so when he made similar declarations when he ran Wellstream a few years back.
He's only Chairman of LAM - so having that much skin in the game and moreover buying at this point does suggest plenty of confidence.

JMHO

[srpactive] 28/1/2015 08:28

Is the lamprell family associated with amko energy anyone?

[stopaloss] 27/1/2015 14:49

Two more purchases by non-exec chairman this morning. Looks like he's buying for Amko Energy, presume he's also on their board. Interesting.

[stopaloss] 26/1/2015 12:11

With results due on 19th March the closed period is likely to begin shortly and the director purchases will be timed ahead of that. Its more than likely that the directors will know what's in the results and therefore the share purchases are significant and inspire confidence.

[plunger2] 26/1/2015 10:34

Well we all get overly excited sometimes - including me!
However given that Kennedy sold out Wellstream to GE for a tidy sum and there can be little doubt that a turnaround has been achieved in LAM - anything by way of a corporate deal is possible. If the Lamprell family want it it will happen.

On the other hand LAM's figures for 2014 and (even) 2015 may well support the re-instatement of a dividend. The directors/pdmrs may be reading the tea leaves ahead of such a decision.

JMHO

[srpactive] 26/1/2015 08:11

Now that shows confidence, for such a large
purchase there must be something positive
it cannot be rns pending as he would not be permitted
to buy, so something else.

And a few directors have been buying so they all know.

dyor

regards

active

[plunger2] 26/1/2015 07:55

The Chairman purchases 964k shares at 104p for a £1m spend.

At least he's making an effort!!!

;-)

[plunger2] 21/1/2015 08:07

yet more buying. And this time it's Kennedy himself. Anyone can get it wrong due to miscalling external factors. But it's hard not to conclude that this management now has real belief in all the internal/controllable factors.
Time will tell.

DYOR

[srpactive] 17/1/2015 20:41

Or because hehas got wind that a mbo is about to happen.

[plunger2] 15/1/2015 20:28

I think the TSCO is a great medium term buy.
But having made 20%+ in a month I had to let it go. I expect I'll be back!

Separately I agree that Management often mistime their purchases - have a look at ENQ since 1/10/14 to see what I mean. However to get anyone in LAM actually shelling out their own money to buy in is a victory - of sorts anyway!

GLA

[adp] 15/1/2015 18:05

Tesco for one!

[owenski] 15/1/2015 09:16

In my experience directors seldom get it right when timing share purchases, the market moves differently. Good luck to him.

BP cutting jobs, wages and rig hire/use especially in North Sea.

Suggests that oil prices aren't a short term trading blip but will be here for a while, at least a year, maybe?? Probably it also serves as a good excuse for oil co's to reign in costs anyway - every cloud etc.

In the mean time it looks like LAM are trying to up their non rig work and it looks likely that their order book wont be converted in a rush. When oil prices stabilise and or start to rise, there will still be a time lag on order conversions coming through.

Better places to put money at the moment IMV

[plunger2] 15/1/2015 08:19

There you go - at last the management have put their hands in their pockets.

So the deputy CFO buys shares when the previous 2 CFOs didn't dare.
He must think they're cheap?!
;-)

[srpactive] 13/1/2015 14:21

Yes I was just explaining to a colleague, that all
it will take is talk of a war or strike and oil will
be back above $100pb in a flash. With all the conflict
and trouble around the world it will not be long, now
who would really be short oil, not me for one.

There is normally a war leading into the US elections.

dyor

regards

active

[cephalosaurus] 12/1/2015 22:38

Oil is down because Goldman Sachs decided to twist a knife in the wound. Makes me very suspicious about the mechanism of the decline and the artificiality of it. You can likely be pretty sure with Golman Sachs that they publish the opposite to their trading position. They said $200 in 2008 report. How wrong they were.
A bank to be ignored when it comes to oil price. It will bounce back as it always does.

[smurfy2001] 12/1/2015 21:11

Looking for 70p entry.