Lamprell Share Discussion Threads

[alamaison5] 27/12/2018 12:54

But, there is always a but...LAM is mainly dependent, on oil exploration (rigs) and withing that field...

Here comes the "if"; if the oil price doesn't recover then this sort of market will slow down or collapse.

Also, I have heard that some of the loses might have been hidden, somehow?
Have you seen/heard anything regarding this?
Cheers,

[cinquepercento] 27/12/2018 12:26

Spacedust.

I agree with you that Lamprell has good financials,especially now with these two recent contracts RNS,s.

Let's see how it looks after the New Year is over and people are all back to work.

[spacedust] 27/12/2018 12:21

Today's sp*

[spacedust] 27/12/2018 12:21

I think you're right about some of those companies not being able to recover back to their dizzy heights.

With LAM I like the facts:

No debt
Low market cap
New contract worth 200m plus
New contract from Saudi
Directors bought 30% premium to todays so
More contracts to follow

[cinquepercento] 27/12/2018 12:19

Alamaison:

This time round,my break even for Lamprell is around 63 pence average so I have set a sell order for 83 pence now,in case I am not at the computer when this goes up after the New Year,if it does.

This represents a useful profit for me and I may sell it for less,depending how it goes.

If it goes up to a million pence, after I have just sold it for 83,I will not be worrying as long as I get my useful profit and achieve my goal.

I have heaps of money tied up in Petrofac,with a break even of 550 because I did not take the profits. It is presently around 450.

I set my goal too high.
A useful profit is better than a big paper loss or a real loss.

My opinion,of course.

[cinquepercento] 27/12/2018 12:04

Tonynorstrom: Re:where do you get 99 pence:

Look at the 7 year charts here.

The maximum high, since the drop way back in June, 2012, up till 2016, was about 175 to 180 pence.
The maximum high for the last two years has been just over 100 so I said 99 pence.

If you are waiting for this to return to 350 or as per before the June 2012 drop then "Good Luck!" is all that I can say.

A lot of big,shares collapsed around June 2012 and they have never, and in my opinion,will never,return to those highs,due to downsizing,loss of capital etc.

I am sorry if you got caught out at the top.

It has happened to a lot of us and it is a hard lesson to learn or a bitter pill to swallow,but we need to move on.

Look at Lloyds for eg,Lonmin and Glencore,to name a few big players.

The financial environment and rules in which they reached such giddy heights has changed and long gone.

The shares that have survived,have slimmed down and downsized to adapt to the present situation.

This is of course,just my opinion.

[alamaison5] 27/12/2018 12:00

The Broker will have to... He has no choice.
Anyway, 58/56p seems to be a good entry point for a trade to 70p.

[spacedust] 27/12/2018 11:56

Alam there are some people who will say who bought from those 2 sellers?

[alamaison5] 27/12/2018 11:50

space: read...

alamaison527 Dec '18 - 10:11 - 15160 of 15165 Edit
Shame that Norge and Pru are selling. This company has great potentials.
Wind farm, rigs etc...I'll wait a bit longer to get in. But at some stage, some institution should be buying in again...

Cinquepercento27 Dec '18 - 10:50 - 15161 of 15165
This is not a share to hold onto as an investment.
It is a "take the profits, share" as it will always drop back again.

BECAUSE THERE ARE TWO SELLERS...

[spacedust] 27/12/2018 11:46

Is anybody able to explain those volume of 55 trades ??????

[spacedust] 27/12/2018 11:41

Any reason for the price coming down off th high Today?

[spacedust] 27/12/2018 11:31

Cinque I know where you are coming from. I think the Saudi contract value is what the market is waiting for and it will be circa 500m imo

[tonynorstrom1] 27/12/2018 11:12

How do you come up with 99p. In 2012 it was nearly 400p. I would think with streamlined costs, new contract awards, Saudi JV and expansion into renewables - there has to be potential for something considerably higher than 99p.

[cinquepercento] 27/12/2018 10:50

Spacedust,

Both you and I have been caught out in the past,by setting our goals too high and not taking the profits.

Looking at the 1,2,3,5 and 7 year charts, I see a maximum realist goal of 99 pence but I have set my sell order well below that at 83 for now.

This is not a share to hold onto as an investment.

It is a "take the profits,share" as it will always drop back again.

This is my opinion,of course.

[alamaison5] 27/12/2018 10:11

Shame that Norge and Pru are selling. This company has great potentials.
Wind farm, rigs etc...I'll wait a bit longer to get in. But at some stage, some institution should be buying in again...

[spacedust] 27/12/2018 09:45

Tell me about it. I was going to sell at 90p prior to these new contracts. Having the 200m plus contract I think I'll hold until 200p plus now. More contracts to follow from KSA.

[cinquepercento] 27/12/2018 08:34

: Another contract:

Wonderful news and so soon after the wind farm contract.

This should push the price up to 85 pence after the New Year when people get back to business.

It is almost too good to be true.

[spacedust] 27/12/2018 08:24

Wow another contract

[spacedust] 23/12/2018 20:54

Warren buffet always says that when there is a sale in the supermarkets people would stock up on for. E.g on tea bags if they put on a 50% off the retail price. Yet when the stock market offers similar sales people run a mile.

[tradejunkie2] 23/12/2018 16:12

That would giver away my personal information.

As an international playboy that would be a no no.

[prmoldoaks] 23/12/2018 15:34

Try this guy's cost nothing :

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link: hxxps://initiativeq.com/invite/GDnaMKaUC

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

[yellowdog] 22/12/2018 21:30

Bought 1000s. Cheap as chips.

[spacedust] 22/12/2018 18:40

Yes oil tanked to 52.8xp at one point but has clawed back. Should 60$ soon enough. Here is to a great 2019 for Lam cinque

[cinquepercento] 21/12/2018 15:21

Spacedust:

Oil is down to $53.72 but gold seems to be slowly coming up.

[spacedust] 21/12/2018 15:05

Oil stocks like tullow oil is up. Banks are all blue. What happened to all the doom gloom that was here last couple of days???? Suddenly everything changing