Lamprell Share Discussion Threads

[alamaison5] 18/1/2019 12:02

AUCTION:
BID/OFFER

54.00p 53.20p

53p then...

[spacedust] 18/1/2019 11:51

Are you saying the share price was never 250 to 300p years ago?if you are then best you don't comment at all not even on tinda

[tonynorstrom1] 18/1/2019 11:36

Alamaison5,

SP was at 1.10p less than a year ago - with new awards and assuming that Lamprell have a handle on the completion costs of EA1 - this could easily climb back over this level.

Are you saying the latest update is not a full picture of the EA1 status?

[alamaison5] 18/1/2019 11:14

In your dream, lol.
Sorry, but this sort of comment should be made on Twitter. Not here...53p first? Then will see.

[spacedust] 18/1/2019 11:02

The problem is by the time u see the evidence the price woukdbhave doubled or trebled hence the share price was in the 250p to 300p not tooooo many years ago

[alamaison5] 18/1/2019 09:35

Big volume on O trade, 500,000 so far. Someone is living the party early.

[cinquepercento] 18/1/2019 08:10

Spacedust,Ricky and Alamaison: re: wonderful one off opportunity to buy more at 54-55 pence or not.

Alamaison has been proved correct in that this share has dropped more and he has given us valid reasons for this.

Some people will jump in now with both feet,hoping that the second contract will be confirmed soon etc.

I am sorely tempted to do just this.

I would not be surprised to see a short lived bounce back this morning..

If I had unlimited funds,I think that I would buy more, just for the fun of it and see where it goes but I have enough exposure on this share already.

I half suspect that we have a bit of a tree shake here.

[alamaison5] 18/1/2019 07:54

Space: there is always a reason as why...

[alamaison5] 18/1/2019 07:53

4 x chunks of 50,000 shares bought this morning. Clearing off the seller?

[spacedust] 17/1/2019 21:51

This must*

[spacedust] 17/1/2019 21:50

I second that Ricky. I am waiting to sell out of other positions to add here. Thanks be the lowest price in the history of LAM

[ricky john] 17/1/2019 20:54

Can’t see many sells but I do see a lot of big buys. I wish I could buy more. Management already told us things would be tough till 2019 and things are looking on the up with the Aramco tie up. I am hoping shares stay this low so I can buy more when I get paid end of the month.

[alamaison5] 17/1/2019 16:46

Spot on 54.5p! But the UT trade shows that someone is willing to take it further down I am afraid.

[alamaison5] 17/1/2019 14:13

LAM is in uncharted water now. Very difficult to say, honest.
Could go down/up at any time.

Sentiment = 0
News driven: 1
Trend = 1/2
Management = 0
Chart: 0
Finances: 1/2
etc...

[alamaison5] 17/1/2019 14:10

Look at this:
Lhb1982:- To clarify, I am neither. As I stated in my post, I have worked in this industry for some time, and follow what’s going on with both interest and concern. As many of you should as well.

Your statement regarding the EA1 completion date and no further losses incurred is, I fear, wishful thinking. Lamprell has, in this case, proven incapable of providing such results.

When a change of Management or swapping of the Old Guard was announced, I was somewhat intrigued.

Possibly even hopeful.

But, like many things, this was just a ruse, a desperate move on the part of a corporation trying to cling onto what little credibility it has left. A corporation failing, all thanks to the horrendous mismanagement of projects and the professionals who both managed and oversaw the contracts.

For the sake of argument, let’s take the ongoing disaster that is EA1. In November 2016, we saw Lamprell confirm winning the contract with Scottish Power Renewables for 60 out of 102 Jackets and Piles worth USD 225 million. The works being carried out in their yards located in the Middle East.

Key Lamprell personnel who were both involved and assigned to oversee this contract in the region, and in turn, are to blame for the fundamental disaster and failure of the entire project, boils down to who were involved on the management side: - John Macdonald (Retired with Honors), Anthony Wright, Hani El Kurd and Christopher Mcdonald, Alex Ridout and Darren Macdonald, the fabrication side, Gary Jones.

All Seasoned veterans in their own right, yet could neither foresee, plan nor handle the situation.

‘‘We have undertaken a root cause analysis to determine the factors causing the significant, additional costs on the project which started with insufficient rigour during the bidding phase, compounded by inexperienced project leadership in this new market,”

After reading the reason put forward by John Malcolm trying to justify why and how Lamprell had failed, was plain unacceptable, points to them for giving the general public and shareholders the truth, but the mere fact is that it actually happened, and by such a renowned company no less.

Christopher McDonald voiced his disappointment about the situation, and did say that they have been implementing steps to transform their processes and increase their rigour in future bidding activities.

But the fact remains that it happened in the first place, and since then, no real, clear and visual improvements of any kind have been implemented.

So my question is this: what have Lamprell done or will do to make the required changes, and stop a repeat of the above taking place?

[spacedust] 17/1/2019 13:59

I knew it. What's your new target now

[alamaison5] 17/1/2019 12:03

So to me, some buyers at 54.50p but sellers still at 56p.
I'll pass for now...

[alamaison5] 17/1/2019 12:01

AUCTION:
BIDOFFER
56.00p 54.50p

[alamaison5] 17/1/2019 11:29

Now: Price £0.5657p. Still not good enough. I am greedy, lol.

[spacedust] 17/1/2019 11:27

Ok. Do you think you will get 56p or wasn't 56.8p not good enough?

[alamaison5] 17/1/2019 11:21

Tony: True and that 250,000 buy may well save the day!

Space: 56p wasn't offered yet, lol. But some MMs are trying. But very small sells.

Margins: Check previous RNS, if I remember these are between 7% and 17%.
Tough business, a lot of bids...

Waiting for the 12:00 auction now to decide.
MM want to see the Saudi deal closed before making a move.

[spacedust] 17/1/2019 10:44

So alamaison did you get in at 56p like you said you would. Or did u decide not to?

[spacedust] 17/1/2019 10:10

I wish i had the privilege like almaison to know the margins.

For example:

200m contract
50m cost
____________
Profit 150mn

You are one lucky guy alamaison. If the margins are rubbish you WILL make a lot of money by shorting LAM. You have guaranteed 100% success rate returns due to this knowledge.

[tonynorstrom1] 17/1/2019 09:34

Alamaison5,

How would you know the margins unless you had access to inside information?

Also 56.5p indicates the shares have moved up slightly from yesterday’s close.