Lamprell Share Discussion Threads

[aimingupward2] 10/9/2015 09:10

Short term profit taking after a sharp rise?

[brando69] 09/9/2015 17:26

that was an ugly finish. wtf happened there?

[brando69] 04/9/2015 11:04

what a bounce back. wonder if there is a bid in the offing...

[plunger2] 28/8/2015 08:00

Agreed Dean.

Very re-assuring. And with JK going off to see where/how they can partner with complementary players to bid different projects it seems like a winning strategy irrespective of the POO.

If you're not at the dance how can you find a partner for the dance-floor??!!

LOL

[deanowls] 28/8/2015 07:07

Just listened to yesterday's presentation which is probably why the share price jumped, very reassuring and confident, they are very busy and a lot going on, well worth a listen.

hxxp://webcasting.brrmedia.co.uk/broadcast/140136

[deanowls] 28/8/2015 05:50

It could work the other way and the money be used to aquire a bolt on business, with a review of the forward plan it wouldn't make sense to be paying out.

[pally12] 27/8/2015 16:44

If no divi I think they ought to consider share buy back

[brando69] 27/8/2015 16:24

nice recovery.

shorters like LAMs to the slaughter

[wynmck] 27/8/2015 16:19

managed to go blue

[brando69] 27/8/2015 15:14

US buying by looks of it

Would be nice to see some director purchases post interims

[meijiman] 27/8/2015 10:16

Thanks. So at this point they are choosing not to pay a divi -it's not that they are 'unable' to pay one!

[plunger2] 27/8/2015 09:52

Agree MF.

The absence of a divi would point to cash conservation. The thing is JK has done all this before with Wellstream. In my opinion a takeout is the likely end play here if the POO stays south.

Have just read Hunting's Interims (HTG) and smiled at the Chairman's comments below:

"Outlook

The oil price for West Texas Intermediate fell 45.9% in 2014 making it the worst commodity performance out of 14 commodity returns. For the six months to June 30, 2015, it became the best performer (+11.6%) of the group for the first time since 2006. Alas, with a stabilising rig count, a sense of optimism prevailed in the industry only to be harshly eliminated with a dramatic price decline in July and early August.

Given the above, shareholders, analysts, journalists and interested parties desire a forecast/outlook for the remainder of the year. And forecasts are abundant - "lower for longer", "$30 oil", "$100 oil", "V, U, W and L shaped recovery". Reasons for the different forecasts and oil's current decline include - a strong US dollar, China contraction, Iran nuclear deal, Greece collapse, Saudi production, global GDP weakness, shale production and many others.

The balance of the year remains uncertain with the potential for sustained volatility."

[mad foetus] 27/8/2015 09:24

I suspect whether they pay a divi or not may depend largely upon whether the Lamprell family want to receive a divi: fram a tax perspective they may not want the income. They certainly could afford to do so.

[meijiman] 27/8/2015 09:05

why are they unable to pay a divi?

[salpara111] 27/8/2015 08:59

I own Cape which posted strong results yesterday, the reason I would not invest in Lamprell is due to the fact that they are unable to pay a divi.
Once they are free to pay a divi again the share price will get better support.

[plunger2] 27/8/2015 08:54

Yes - decent is the word. Revenue coverage looks very good. Margins are excellent.
There is no resemblance to the daft set up of 3 years ago.
Don't underestimate the consolidation that MUST happen the longer the POO stays down:


So I'm starting to feel that we're on a winner either way. I mean with £200m of cash and market cap of only £440m - you're kidding? And yes I know we would need the Lamprell family to want to sell. But there's no doubt this is an attractive business in a good location with excellent management.

We should be £2+ now but it's far from unattainable - even on a 12 month view.

GLA JMHO

[mad foetus] 27/8/2015 07:51

Decent set of results, not sure what more the board can do and have no doubt that if the price of oil hadn't crashed the share price would be double what it is now.

[brando69] 26/8/2015 21:25

strong rise into the interims. they need to be good for this recovery to hold in the current climate

[plunger2] 24/8/2015 12:59

Ever seen a flash crash? LOL
Free litre of oil with every packet of corn flakes coming to a town near you! LOL

The POO is being taken down so hard and so fast leaving a trail of devastation in its wake.
Just re-listened to the results conference call that LAM gave in March.

Interims due this Thursday.

LAM held 51p per share in (net) cash at 31 Dec 14; expected to be higher at 30 Jun 2015 and only slightly lower at 31 Dec 15.
Current share price smacks of "baby" and "bathwater" etc.

JMHO DYOR

[davr0s] 15/8/2015 19:44

Shame about CEO news - he was a real solid one - but wish him well. Not held this share for a few months as waiting for better price.. Plus oil price still not helping maters

[pally12] 14/8/2015 16:58

Mr James Moffat has decided to retire effective 30 June 2016 and will stand down as Chief Executive Officer I don't this as bad news give the guy a breakHe is retiring not forced out And a little resuffle which company ,country, or government does not do thisI for one am very confident in this company , yes they had a bad patchNo company has profit after profit year on year

[tipjunkie] 14/8/2015 15:29

fair play plunger - I understand what you are saying.
I could have got out with a better profit at 170 obviously but I do have faith in this company going forward. The sheer professionalism of presentations and even the glossy newsletter point to a well run outfit imo

[plunger2] 14/8/2015 14:42

Have to totally disagree with you about the former CFO's departure, tipjunkie.

She (J. Curin) just wasn't up to it. I've listened to all the conference calls that this new management have held and they have just got better and better. JM is a good operator but so is TW. Look at all the extra analyst coverage that's been generated and it's been positive. Far from not recovering from JC's departure I'd say we're well ahead of where we would have been with her.

The problem is the POO; it is wrecking havoc on the sector. It's all happened before and it usually leads to consolidation. I'm thinking we'll be in a good spot to benefit there. We'll see.

JMHO

[brando69] 14/8/2015 12:45

more likely to be that news than the boardroom news that has done for the price in last month