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LAM Lamprell Plc

8.88
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lamprell Plc LSE:LAM London Ordinary Share GB00B1CL5249 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.88 8.78 9.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lamprell Share Discussion Threads

Showing 15001 to 15020 of 16975 messages
Chat Pages: Latest  607  606  605  604  603  602  601  600  599  598  597  596  Older
DateSubjectAuthorDiscuss
12/10/2017
11:10
Looking like we will test the low sixties again, gap down there to fill, would this now be an opportunity, may place order near 65p!
bookbroker
12/10/2017
10:09
Frustrating thing here is that net assets far exceed current market cap., but no consolation when the company is heading nowhere for the foreseeable future, that is why it needs to be subsumed!
bookbroker
12/10/2017
10:02
The vesting of these share awards I find slightly bemusing, these awards are a waste of time other than to provide an incentive to management, in the case of this company they are pointless because ther is little this company can actually offer in the current environment, this big with Aramco ties them into a relationship that on the face of it has little end unless this company can speed and diversify away from oil services, that I understand they are endeavouring to achieve, but the yard in Saudi is needless unless there is a meaningful pick-up in the oil and gas sector, that looks as far off as that rainbow in the sky!
bookbroker
12/10/2017
09:59
I was going to throw the towel in yesterday but then thought knowing my luck they will get bought out for circa 120p
1fox1
12/10/2017
09:56
Somebody please put this wretched company out of its misery and take it over, the name sucks quite frankly, come on Schlumberger, do the honours and grab the cash and the connections!
bookbroker
11/10/2017
12:09
Soon there will be an offer for this co., too much cash and not a great deal they can use for it for, and a nice little plot of wharfside in Saudi!
bookbroker
11/10/2017
12:08
Not more sellers than buyers then. No?
bulltradept
11/10/2017
10:38
The cynical side of me thinks maybe this is being manipulated down for a reason. Perhaps they plan on a management buyout at a cheap price.
1fox1
11/10/2017
09:42
Oh well we had our little spike up.
bulltradept
11/10/2017
08:52
Well it's clearly being shorted.
The management don't seem to care.

Very surprised Lamprell Holdings are putting up with this UNLESS they plan an outright bid. They can have my shares for 120p by the way.

GLA

plunger2
11/10/2017
08:35
Technically there looks to be a gap in the 63 area, so if we do ever get a correction / crash, I'd purchase a few there I think.
bulltradept
11/10/2017
08:28
A badly managed company with a management that lacks the ability to diversify, to dependent on too too revenue streams, fine when the going is good, but always found wanting when times turn down, needs to be taken over by a business that can better utilise their assets, principally the cash on the balance sheet, or hand it back to shareholders, can see this dripping back down to the sixties, certainly a gap to fill there!
bookbroker
05/10/2017
16:39
which is really odd as we're moving towards the colder weather!
plentymorefish
05/10/2017
15:38
Shorts are back:
plunger2
25/9/2017
11:22
I've been happy to add to my médium-sized position here - bought a year or so ago in the 60s - at prices below 90p. The discount to tangible assets is unwarranted. Any upturn in trading and this share price will seem very miserly.
cjohn
25/9/2017
07:04
Wouldn't be surprised at a cheeky bid of 120p in the next few months! imho
targatarga
22/9/2017
15:46
Nice!!!!Interims from Lamprell this morning were a true curate's egg, very mixed with the word challenging being used all over the place and downgrades to guidance for 2H 2017 due to a low level of walk in work, and for 2018. The market is indeed 'challenging', not just for the rest of this year but for next year as well. The good news comes in varying places, 1H 2017 was good with rig deliveries securing cash in and margins up to 13% which is very good indeed. With only two major projects to deliver between now and the end of next year, rations are becoming shorter, even though in the longer term there is plenty of good news to come.
potential
22/9/2017
15:27
90p seems like the floor will be back to a quid next week no doubt in that!!!!
potential
22/9/2017
15:27
WOW. Transformational joint venture agreement signed with Saudi Aramco, Bahri and Hyundai Heavy Industries (HHI) for major maritime yard development in Saudi Arabia and approved by shareholders on 26 June 2017; formation activities for the joint venture company well under way
potential
22/9/2017
11:27
Only those with a very short time horizon would sell out on those results. If it's not taken out this will be a hard share to accumulate when the market turns.

JMHO

I think Malcy's Blog sums it all up rather well today:



"Interims from Lamprell this morning were a true curate’s egg, very mixed with the word challenging being used all over the place and downgrades to guidance for 2H 2017 due to a low level of walk in work, and for 2018. The market is indeed ‘challenging’, not just for the rest of this year but for next year as well. The good news comes in varying places, 1H 2017 was good with rig deliveries securing cash in and margins up to 13% which is very good indeed. With only two major projects to deliver between now and the end of next year, rations are becoming shorter, even though in the longer term there is plenty of good news to come.

In the jam tomorrow department the foundation is the balance sheet which is very strong and has net cash of $305.9m on board, even old Lamps couldn’t spend that in a hurry. The next piece of good news appears to be in the bid pipeline which is now up at $3.1bn having been $2.5bn in December. This is where the jam comes in, any contracts coming from this pipeline will not likely materialise until 2019 in terms of money in. Other pieces of good news are around the big JV which is signed and all the details are being worked out, again 2019 at the very earliest for the early stage of the Saudi yard although the pre-qualifying process with Saudi Aramco is under way.

Overall the longer term outlook for Lamprell is very favourable indeed, cashed up and with wealthy partners in the JV and a lean operation at home ready to challenge in a mix of markets, any reasonable conversion of that bid pipeline will result in lots of work, in 2019 and onwards though. Shorter term investors have sold today and may be able to finesse their return but should remember to buy back in as all being well there really are decent prospects of jam tomorrow."

plunger2
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