Lamprell Share Discussion Threads

[chillwill] 15/7/2016 10:24

I'll take 160p, thanks!

[portora] 13/7/2016 15:23

Well, if there is an MBO down the line i'd like 90p for mine.....but more would be nice ;)

[srpactive] 13/7/2016 14:27

If we can close above 74p, should see 80p very soon.

dyor

regards

active

[srpactive] 13/7/2016 11:11

In a word YES, but as I have said before, I feel there
will be a mbo, and they will want it low not high.

dyor

regards

active

[gta5] 13/7/2016 11:07

considering the 10% drop in the pound and the resillient POO this seems quite low. I thought that the outlook was for Lamprell was "challenging" especially considering the declining pipeline, but isn't it a bit overdone at 70p?

-GTA.

[srpactive] 13/7/2016 11:00

I think we will see 74p very soon.

dyor

[tanners] 12/7/2016 10:58

Given the stated net cash position I've always wondered why they pay such high finance costs.....and also why they don't pay a dividend?

[srpactive] 12/7/2016 09:57

Bought more.

dyor

regards

active

[alamaison] 11/7/2016 21:30

Always the same old story; people have exited when it's time to buy, lol.
MM got your cheap shares and up we go...

[alamaison] 11/7/2016 11:13

Starting to buy this beauty. 90P EXPECTED

[plunger2] 06/7/2016 16:39

Great opportunity here in my view.

Current market cap = $285m
Last published Net Cash $210m-224m.
Therefore business valued at only $70m odd.
And note ex:


" Cash position to strengthen as projects reach final stages"

Of course it may all be wrong, Brexit may end the world, the ME may vanish down a pot hole overnight, the dollar may get trashed and oil may never be drilled for again.

JMHO GLA

[chillwill] 04/7/2016 16:18

A bit unloved, eh! I've bought some today; will sell if it starts dropping too much, but it looks undervalued to me.

Maybe they need to stick their hands in their pocket and pay out a dividend; they seem to have a reasonable balance sheet and cash available. Looks like lower earnings are being priced in, even though recent statements seem 'ok' (not particularly great, but hardly profit warnings).

[plunger2] 04/7/2016 15:47

Quite extraordinary how far this has fallen and failed to recover.

Compare it to HTG for instance. It seems like there is simply no interest in LAM from the analyst community. And certainly no one is stepping up to buy.

I'm still a believer but a bit disappointed now. Latest qtrly newsletter is here:



JMHO

[chillwill] 04/7/2016 12:45

Hmm, starting to look cheap.

If the oil price does start rising again and isn't just a blip this could prove a good purchase for the medium-term as oil services co's gain more orders.

Also with sterling weakness (even if it does bounce), the EPS has just been given a nice boost!

[philjeans] 30/6/2016 12:32

Just beginning to turn - huge recovery potential here!

[saltaire111] 22/6/2016 22:15

Been out of Lam for over a year now but bought back in today. Recovery overdue so back in and will buy more if the price drops as a result of a brexit vote tomorrow.

Salty

[srpactive] 01/6/2016 09:46

I feel they will be taken private before fruition.

dyor

regards

active

[plunger2] 01/6/2016 08:53

A pleasing RNS indeed. We seem to be on course still for participation in a huge venture. Fairly classical/routine due diligence ahead:

"to assess the operational, financial, personnel and legal aspects of the project in detail with a view to making a Final Investment Decision in due course"

If it comes to fruition LAM's future should be very bright. But can they remain independent in such a world?
Time will tell all. Fingers very much crossed for now.

JMHO

[srpactive] 01/6/2016 07:27

Rns - positive.

[mad foetus] 31/5/2016 09:30

can't buy within the spread at all - it looks primed for a major bounce imo

[master rsi] 24/5/2016 08:49

72.375p +1.625p

Starting well on a down market, but the market was up but LAM was down recently.

A couple buys and the order book has gone positive and with that the bid price up to 72p

[pvee] 23/5/2016 21:25

I'm quite heavily exposed here and even topped up around 68.5p. Was wondering why it was lagging when most other oil-linked stocks have generally been on the rebound since the price of oil has appreciated. Maybe found the answer today in the rumour that the Saudi govt is facing the possibility of issuing IOU's.

Let's hope it's not likely to be a reality

[master rsi] 23/5/2016 13:28

Wants to move forward but there is still 1.5K on the offer price 70.50p
there is 12K at bid 70p

order book stronger on the bid side DEPTH of 19 v 14

[master rsi] 23/5/2016 09:35

Time to take some stock by the look of last Friday large trades so volume.

Those trades were and overhang on the market and now have been cleared, share price should bounce from this point after the large drop.

[srpactive] 03/5/2016 14:22

Agree, I have been saying for a while a mbo backed
by the Lamprell family is likely. If so fine give me between 125p
and 140p and you can have all of mine.

dyor

regards

active