Lamprell Share Discussion Threads

[hippo] 19/9/2016 07:06

Well if profits are falling to US11, that is appalling, as they have failed to update the market just how bad things are. Looking very bad here for holders, going to revise by 2016 share price to 25p.

[coxsmn] 18/9/2016 18:34

Correct, 80%.

[gbill11] 18/9/2016 15:54

the results are next week fish.

"coxsmn18 Sep '16 - 07:50 - 14434 of 14436 0 0
Article in today's Telegraph, 'Rig builder Lamprell sees storms ahead'; full year profits slashed 80? to $11.43m for 2016"

Do you mean profits slashed by 80% ?

[ali47fish] 18/9/2016 09:50

when is the next update anyone please? from last year it looks to be november?

[meijiman] 18/9/2016 09:10

Pitiful management at this company.Don't have a clue -at the mercy of events outside their control.

[coxsmn] 18/9/2016 07:50

Article in today's Telegraph, 'Rig builder Lamprell sees storms ahead'; full year profits slashed 80? to $11.43m for 2016. This week's interim results are unlikely to offer much respite for shareholders, with the company expected to warn that gloomy conditions threaten future earnings.

[coxsmn] 15/9/2016 19:48

Lek oil is one to watch.Dyor.regards,coxsmn

[salpara111] 14/9/2016 13:32

The problem is that the BOD are never going to vote themselves out of a well paid job just because it is in the shareholders best interests and the supposedly independent non exec directors are not going to call for the business to be wound up either as it is all an old boys club and no one wants to rock the boat.
Clearly if the price of oil has a sustained rise to the $75 level we would see new work but that looks unlikely given that a lot of US shale would appear to be viable at around the $50-55 level and they can turn the tap on and off pretty quickly.
I have stayed away for all oil and oil related stocks since the price drop started as it is almost impossible to pick the potential winners out.
Having said all of that, I will take a speculative punt if it hits the 50p level!

[hippo] 14/9/2016 13:07

Pretty much in a nutshell it is why the share price is going to continue to fall. Current year will be reasonable, even after losing 50% of profits. But non existent order book going forward, has to be a major concern, can the survive by closing up shop.

[slider27] 13/9/2016 17:37

Whats worring here is what do they have in terms of new projects
Projects awarded in 2014 1,4 billion $
In 2015 407 million $
In 2016 ??
Thats a huge drop 14 vs 15
Better to wait for the interims as there is a big chance this could drop even further

[kmann] 13/9/2016 11:21

Just hit JP Morgan Cazenove's 58. Risky short from here. Still got that 25k block buyer too.

How much of that Aramco money is heading Lams direction? Buyout imo.

[slider27] 12/9/2016 18:57

Question is how low can it go ?

[kmann] 12/9/2016 18:53

20k block buyer. Buy the lows, simple strategy.

BUY 110

[bulltradept] 12/9/2016 16:08

Lamprell's profits hobbled by margin pressure 24 March 2016

Sagging oil and gas capital budgets continue to weigh on the financial performance of Lamprell (LAM), a provider of engineering and contracting services to the industry. Revenues were slightly adrift of guidance, and cash margins fell to 10.3 per cent from 12.6 per cent in 2014, although management maintains that the prior year comparative was "exceptional". Lamprell continued to drive cost efficiencies throughout 2015, but pricing pressures fed through into a 45 per cent reduction in net earnings to $64.7m (£45.6m).

The order backlog, the bulk of which is attributable to the current year, fell 38 per cent to $740m. The group actually recorded a year-on-year increase in the bid pipeline, but management admits delays and deferrals on projects will invariably impact the conversion rate for new business contracts.

Prior to these figures, Investec gave adjusted profits of $60.2m and EPS of 17.6¢ in 2016, rising to $64.9m and 19¢ in 2017.

IC VIEW:

High utilisation rates in the second half of 2015 have persisted into the current year and the group remains on track to deliver four major projects. Management estimates revenues will fall by around 5 per cent this year, but in a buyer's market contractors invariably take a haircut on new contracts and renewals. The margin squeeze can also linger well beyond any substantive retracement in crude oil prices, and no one needs reminding of the succession of profits warnings delivered in 2012. The shares trade on an undemanding seven times forecast earnings, but uncertainty dominates. Hold.

Last IC view: Hold, 132p, 2 Sep 2015

[hippo] 09/9/2016 19:35

This will be 45p end of year. 22/09 is going to disappoint, and having landed nothing of the quote bank will need to revise 2017 forecasts.Results into the 50's, then will drift if no deals by year end.

[brando69] 09/9/2016 18:28

starting to scream collapse below 60p to me

[kmann] 09/9/2016 15:30

Starting to scream breakout imo.

[gbill11] 09/9/2016 09:53

Market cap £210M

Net assets £560M
Cash £207M
Earnings £49.25M


Good luck if you are short!

[gbill11] 09/9/2016 09:49

Just come across this one. Having looked at the accounts, the current business and the assets this company holds this stock looks extremely cheap. Not surprisingly there are some negative posters around but this always happens when a share price hits new lows. Low sentiment equals a buying opportunity. I'm in.

[kmann] 08/9/2016 22:44

Look how quickly that supply draw took to materialise, at a time when opec is pumping at full tilt, and demand is expected to INCREASE while output has been stifled by lack of investment.

Whats the answer to the problem? More rigs, better services.

Lam is going to grow imo, VERY large.

Oil services going to be the sector to be in over the next five years.

[cc2014] 08/9/2016 21:55

I have traded this stock before successfully and continue to take an interest.

The big question for me is the "too many eggs in one basket one". The customer base isn't sufficiently diversified so this stock becomes one with a very high beta factor.

Given the current difficulties in this sector, you could make lots or lose lots. It all depends on your attitude to risk. It looks terribly risky to me.

[hippo] 08/9/2016 21:48

In the last rns they stated further guidance on financial position for this year will be given on the 22/09, suggests it's going to be amended beyond the US35m.