Lamprell Share Discussion Threads

[plunger2] 20/9/2018 12:16

Agreed. Still hopeful of this management team.
The selling may go on but hopefully more buyers will appear and help the price.
We'll see.

[saltaire111] 20/9/2018 09:55

Better outlook than expected, smaller loss than expected and more cash.

Not bed.

Salty

[plunger2] 12/9/2018 13:18

Selling remains relentless. Is it the Norwegian fund ?
Has to be a larger holding. So maybe RNS soon. If I were a buyer why step in if you know they will keep trashing it?
JMHO GLA

[targatarga] 04/9/2018 16:00

support 56p?

[lhb1985] 30/8/2018 10:33

Interested to see the outlook for 2019 if there are no firm new contracts to talk about.

[coxsmn] 29/8/2018 19:32

Results due 20th September.

[coxsmn] 29/8/2018 19:30

Ricky, profits at O&G companies increasing post the downturn, translates to more work and cash to spend. Lamprell has already stated bidding activity has increased, although not likely to start to bear fruit until late 2018, first half 2019. We are in a strong position to pick up a nice share of new business and bolster the order books moving forward. Then we have the "transformational" Saudi deal. All positives but patience required hence my suggested two year time frame.

[targatarga] 29/8/2018 13:03

coxsmn - they are unique!

[ricky john] 29/8/2018 12:44

Coxsmn- what’s this expectation based on??

[coxsmn] 29/8/2018 12:23

targa, i'm expecting a significant reversal of fortunes here over the next couple of years as Oil, Gas and renewables activity increases. Lamprell being uniquely placed to benefit geographically and through its technology, workforce, experience and strong customer relationships.

[targatarga] 28/8/2018 16:30

lamprell have a reputation for finding bansna skins!

[coxsmn] 28/8/2018 12:28

Added here today.

[ricky john] 22/8/2018 21:18

Aramco IPo delay.

What does this mean for our JV plans and the long term work bids?

Seems like Aramco is more inward looking?? What’s going to happen to our investment in the new yard ??

[bsharman3] 15/8/2018 15:47

surely at some point we will see some M&A activity in this market and Lamprell would be a target?

[plunger2] 15/8/2018 13:38

Well it sure looks like NO buyers to accommodate the seller.
My guess is the MMs figure there's a good lot still to come out.
If the seller keeps going any price is possible until someone has the confidence to buy.

JMHO

[targatarga] 15/8/2018 11:55

Makes you wonder how they managed to lose so much on that east coast project. Lessons by management learnt?

[cinquepercento] 14/8/2018 16:02

Thank you,Eastbourne.

[eastbourne1982] 14/8/2018 14:41

Nice bit of hindsight trading, congratulations.

[cinquepercento] 14/8/2018 13:57

Bought some today at 65 pence. Could sell now for 68. :-)

I sold it at 68.2 in the hope that it will drop further.

It was only a small amount so took the profits.

[bsharman3] 14/8/2018 10:34

This is quite a fall - what is the investment case here?

[coxsmn] 13/8/2018 19:06

Plunger, very low volume therefore the fall is nothing to be concerned about.

[spacedust] 13/8/2018 18:57

This yoyos between 55p and 110p. Look at 5 yr chart. Once it hits 60p 59p etc it will jump back to 70p

[plunger2] 13/8/2018 12:56

Worth noting that the total share volumes since 27/7/18 have been 1.5m approx - during this time the price has crashed from 95p to 68p.
Make of it what you will.

DYOR

[eastbourne1982] 13/8/2018 10:49

The worry here is the cash burn, net cash was nearly 300 million USD not that long ago, now it's around 160 million USD, this is rather worrying.