Lamprell Share Discussion Threads

[bazzer1000] 01/9/2016 10:14

Can anyone more familiar with this company correct me on these numbers.As of End of decemberCash of about 47p per shareNet tangible asset value of nearly £1.20 per shareWill they burn through all that cash this year? Can't see it myself. Long term support seems to be around this level. Petrofac seemed to suggest pipeline of work in this area seemed to be picking up in yesterdays rns.Baz

[aimingupward2] 30/8/2016 15:59

I agree that it wasn't news - just an update on what was already expected. More buyers than sellers today.

[chillwill] 30/8/2016 15:26

Am I the only person here who thinks the news on Friday wasn't really news, in the sense that they'd already said it was going to happen, maybe just putting a firm number on it was news. Scare a few investors out by putting it out late on friday, make share price drop and present an opportunity for management to buy some discounted shares?

[flyingbull] 30/8/2016 14:31

August was a good month for the oil price. The challage is on for September!
Which oil stocks will gain or lose?
Please enter your entries by clicking the following link

[philjeans] 30/8/2016 14:10

Yes - lots of bargains to choose from at the mo - TNI; CLTV; FBT; GRL and now LAM.

Take your pick! Cash is king.

[brando69] 30/8/2016 14:05

lots of raging bargains out there... STY, TRD... better than trying to guess where th falling knife stops on this one. Let the chart be your friend... and the news.

[salpara111] 30/8/2016 14:02

I guess the fact that they have yet to reintroduce a divi makes more sense with this news.
I owned these a long time ago and managed to make a small profit but I am not sure that the tide has turned here yet.
If it drifts back to the 50p level I would be tempted but not right now.

[orinocor] 30/8/2016 09:21

and massive capital outlay

[philjeans] 30/8/2016 09:18

Hugely oversold - tons of cash; profitable; P/E 4; eight more contracts completing in the next six months; compensation applied for losses on last one.

Massive asset base with plant and equipment, site and yards, docks etc well in excess of M/C.

Bargain - T/O ahoy!

[orinocor] 30/8/2016 09:14

Most people went home at 4.:30pm on Friday and switched their computers on again at 7:30 am this morning. They see no news, nothing and just think there's a buying opportunity this morning. I betcha many are blissfully unaware full year profits were chopped in half late Friday.

[brando69] 30/8/2016 08:27

you think this is the bottom? try catching the knife if you want... i think we have further to drop!!

[billybankrupt] 30/8/2016 08:08

It was decimal place error- obviously!!

[bulltradept] 30/8/2016 08:05

As much as 30%?

[brando69] 30/8/2016 07:37

once share price plummets 30-50% it can then begin slow rise as a recovery share...

[bulltradept] 30/8/2016 07:11

I have to say once you sneak bad news out after 4:30 pm it must surely throw the integrity of those 'in charge' in to doubt in the minds of investors.

Upon reflection perhaps people should have realised something was up given the way the share price had been performing.

Good luck all.

[hippo] 27/8/2016 21:46

They have a record over many years of failing to deliver on time or budget. If it was good news, do you think they would sneak it out way after market close on a bank holiday.Going to take a hammering on Tuesday and rightly so.

[orinocor] 27/8/2016 15:02

philjeans,
If that's good news than I'd hate to see what bad news looks like. Half of this years profits gone. You say its good news a settlement has been reached that costs LAM $35M. Sounds like you don't know what you are talking about. Of course they will sue Cameron because the costs versus the rewards makes it worthwhile. But will they win and will they get compensation is another issue. Ultimately LAM's fault surely for doing business with Cameron in the 1st place, and shouldn't they have been working closely with Cameron to make sure these issues do not occur?

[martinthebrave] 27/8/2016 12:03

Philjeans - tend to agree with you.

Price has only dropped from 73.5p since the original 26th July RNS.

Since then we have also had a new and well received CEO.

Can't imagine LAM would have agreed this compensation figure without being pretty confident of recovering it in full from Keppel/Cameron.

"Lamprell revealed last week that equipment problems have held up delivery of an Ensco newbuild jack-up, with the yard mulling taking legal action against the equipment manufacturer - understood to be LeTourneau, which is now owned by Keppel following a $100 million acquisition from Cameron."

[philjeans] 27/8/2016 10:34

It's actually good news; rig finished and delivered; settlement reached; LAM sueing Cameron, whose faulty parts were the problem, for full costs AND compensation!

Another six rigs to be completed and paid for over the next eight months.

Shares could well rise next week.

[joe say] 27/8/2016 08:32

sean - Agreed - totally inept management - I'm on board in respect of any ousting

[seangwhite] 27/8/2016 00:50

The BOD should be taken out and given a good kicking for this outrageous front to their shareholders. It sadly shows that management are both arrogant and underperfoming. Any move to remove them should be supported.GLTA

[amencorner] 26/8/2016 23:15

On a Friday evening after market close and before a Monday Bank Holiday: I don't hold but this is now way to treat investors.