Lamprell Share Discussion Threads

[bulltradept] 05/1/2016 14:37

So someone want some cheap then....

[plunger2] 05/1/2016 14:32

Numis have downgraded from buy to hold and slashed the TP to 107p.



Woo hoo!

DYOR

[deanowls] 22/12/2015 18:54

hxxp://www.lamprell.com/~/media/Files/L/Lamprell-v3/times-newsletter/q4-2015.pdf

newsletter

[plunger2] 08/12/2015 16:56

I think it's safe to assume that JPMCaz were not delighted to see Investec appointed alongside them. But then JPM had reduced their TP down to 131p (while retaining "Overweight") but Investec have 165p for TP.
This could have added a little "noise" to today's price action.

PoO remains a disaster but is the market (as ever) forgetting/ignoring political issues? They're odds on to arrive either early or late in 2016.

I really don't believe there will be a free pint of oil with every packet of corn flakes - but the market's heading there !!

JMHO

[broadwood] 04/12/2015 08:53

Liberum Capital Lamprell PLC 04/12/2015
Upgrades
Hold Buy
2
170.00 108.25

[deanowls] 30/11/2015 14:46

They have said a dividend won't be payable for this year.

[srpactive] 30/11/2015 14:42

One question the visitors will have asked is when will you
be paying a dividend? The answer could have been sooner than
you might think. You do not hire 1500 if things are not
progressing well, and if they are a dividend is due.

Just my thoughts.

dyor

regards

active

[wynmck] 30/11/2015 14:16

gone blue -site visit gone well?

[deanowls] 30/11/2015 12:58

I liked the wording on the land rig "considerable interest" ,

[mad foetus] 30/11/2015 11:56

Very good update, hiring another 1,500 people after we have invested heavily to make the business more efficient: I really don't think the current board have taken a wrong step. Had the price of oil not declined...but people are still investing in exploration and extraction and environmental pressures may even cause people to accelerate extraction. Happy to hold in any event.

[plunger2] 27/11/2015 11:06

LAM seems to have taken on the status of a minnow. It has an excellent balance sheet, a very good business and (despite the downturn) very acceptable profitability. But no one is interested. Essentially the POO rules all.

A dividend here would help but even with the same there are just not enough believers in the sector.

So despite a smashing update we get a yawn; the market doesn't do long term thinking like it used to. So followers here will have to take their "patience pills" a bit longer. I'll go and buy another packet!!

GLA

[broadwood] 27/11/2015 09:44

Looks a pretty good update to me.

Surprised the share price has not flown higher.

[wynmck] 20/11/2015 15:34

seems t/s will be around mid Dec.see post 14194

[plunger2] 20/11/2015 15:02

I thought the same. Perhaps they're waiting to have something new to say.
The POO remains the problem; however in my opinion something will have to give by end H1/2016. The article below makes sense to me:



JMHO

[bulltradept] 19/11/2015 18:51

Small volume seems to effect LAM. Thought there should have been a trading statement around this time, like last year.....

[deanowls] 17/11/2015 05:07

On the plus side petrofac picked up a decent order yesterday that could have an effet on Lamprell if it is similar to the project they are helping with for Abu Dhabi?

[deanowls] 17/11/2015 05:02

When I queried the IMS updates at the AGM I was told that at the time they would continue to do them(albiet back in May), it was also added that it could take two weeks to put together of the FD and CEO'S time, time I am sure you would agree would be better spent on running the business.

[bookbroker] 16/11/2015 17:26

They updated not long ago, no growth in 2016, but high cash levels so this co. ok, albeit working capital!

[webclick99] 16/11/2015 17:23

Having worked for large PLC's all my corporate life (30+ years), who have all followed a rigid calendar for announcing interims, trading updates, full results etc., I find it very frustrating when some companies just issue interims or a trading update whenever they feel like it. Suggests to me they do not really care about the small shareholder.

Having exchanged emails with investor relations and having chased for a response, it seems the trading update is approx. 4 weeks away but no date has been set. This time last year a trading update was provided on 13th Nov 2014.

Given where the share price is currently, an update sooner rather than later would be appreciated!

[eastbourne1982] 12/11/2015 22:37

What is your target price on these ??

I bought for a quick 10 - 15% but may hold for longer.

[brando69] 12/11/2015 10:06

not sure of average price as i bought the offer the other year to lower my average, but guessing it's around 125-130p and i hold around 10,000 from memory

[eastbourne1982] 11/11/2015 11:07

So what is it then ?

[brando69] 11/11/2015 09:50

afraid i do...