Lamprell Share Discussion Threads

[spacedust] 24/1/2018 17:37

The shorters will have this by the neck and choke it. In the 50s I'm afraid tomorrow.

[crazy big boy] 24/1/2018 17:24

Bankruptcy looms

Carillon redux

[bulltradept] 24/1/2018 17:10

Oh dear I was out after 3:30pm today and came back to see this RNS? WTF are they playing at?

Mr Market won't forgive them as BB states their project managers need sacking..

Still, let's see what tomorrow brings.

[bookbroker] 24/1/2018 17:03

This will fall further tomorrow, way to much uncertainty down the line, and those losses on EA1 contract most likely still not quantified!

[bookbroker] 24/1/2018 17:03

This will fall further tomorrow, way to much uncertainty down the line, and those losses on EA1 contract most likely still not quantified!

[pugugly] 24/1/2018 17:03

Surprising bounce to auction clearing at 71.9 from 63P. - Seems a bit high on fundamentals and possibly unquantified further loses from the project - Unless a possible t/o target for a vulture.

[qs99] 24/1/2018 17:00

blimey, what a shower of hhT! given recent buying in size and continued movement upwards I thought genuinely this may have turned a corner....but oh no. Let's get new management on and flog it perlease for us suffering shareholders! I'd take 80p now! DYOR

[srpactive] 24/1/2018 16:49

Has it closed at 71.9p?

[bookbroker] 24/1/2018 16:39

Amazes me at their inability to quantify the costs correctly prior to bidding on these contracts, their project managers and accountability are friggin pathetic, it’s like being at play school figuring how much playdough you need to make a dinky car!

[kirk 6] 24/1/2018 16:38

ouch terrible rns

[bookbroker] 24/1/2018 16:34

Nice close, think I’ll be nabbing a few here tomorrow, seemed all these posters well shafted!

[saltaire111] 24/1/2018 16:29

Very disappointing update. They really made a hash of the foray into renewables. Stick to the core business Lamprell.

Salty

[targatarga] 24/1/2018 16:26

So who should fall on there sword.... the cleaner probably!!

[robow] 24/1/2018 16:26

pre close trading update

[slopsjon2] 24/1/2018 16:25

PRE-CLOSE TRADING UPDATE
Lamprell announces the following update on its performance for 2017 and an update on the East Anglia One offshore windfarm project (EA1 Project). As previously announced, the issues on the EA1 Project will significantly impact the Group's profitability in 2017, with total losses on the EA1 Project to completion estimated to be approximately US$80 million, which will be booked in full in 2017. The additional costs on the project have been caused by a number of variable factors including investment in further, unplanned staffing and equipment requirements, as well as significant additional shipping and subcontractor costs. This forecast loss on the project does not include any potential liquidated damages. We remain in constructive discussions with our client and are confident of meeting their expectations around the delivery schedule requirements.

[ali47fish] 24/1/2018 16:24

in a few seconds this has gone donw 28pc!!!! on no news!!!

[qs99] 18/1/2018 10:16

and some more

[qs99] 16/1/2018 10:23

Continuing its march towards £1

[saltaire111] 12/1/2018 16:35

I would not be happy with £1.05 a share. With every cent the oil price rallies, LAM’s value is enhanced. The management have learned some harsh lessons in their daft foray into the renewables sector. They should stick to the core business now that oil has recovered. This is where the value is in LAM, they do their stuff better than anyone else in that sector.

Salty.

[plunger2] 12/1/2018 14:16

and there have been Friday spikes here before. Hard to know if anything's up. Maybe some of the management are in London for the w/e. Maybe there's a contract win about to happen.
Now would normally be the point in the PoO cycle when consolidation really gets going; certain to happen with both the Oilies and the Oil Services sector too.
I feel that one day it will happen here. No idea when though.

GLA JMHO

[qs99] 12/1/2018 12:11

Friday spikes are always IMO slightly suspicious...but let's see how it pans out....DYOR and yes I do hope someone comes in well over £1!

[richsawko] 12/1/2018 11:39

Wow.Definitely something brewing. If to be taken out then I would expect more than 105 p though. Insider trading going on I think!

[targatarga] 12/1/2018 10:53

My guess is the boys have been told of an imminent bid in the region of 105p imho

[qs99] 12/1/2018 10:49

Any clues? Nearly up 5% now...