Lamprell Share Discussion Threads

[cinquepercento] 18/1/2019 15:49

Alamaison,

Are you saying that you just bought 5370 Lamprell or that someone else did?

[alamaison5] 18/1/2019 15:43

Changed my mind/; Forgot we are Friday and the bid went up to 55.3p...
Buying 5,370 LAMPRELL PLC ORD GBP0.05 (LAM)
Status:Executed
Placed at:15:42:11 18/01/19
Price:£0.556739

[cinquepercento] 18/1/2019 15:36

Thank you, for your good wishes,Spacedust and good luck with your plans for your Lamprell shares.

Yes,Alamaison is the man of the moment. Let us sing his praises!

I have more than enough exposure for my liking on Lamprell, as I kept averaging down, so I want to unload some of it as soon as possible.

I will take less profit in return for less risk.

[spacedust] 18/1/2019 15:29

That's a good way to turn a quick 10% Cinque whikst you hold your other tranche. Good luck.

I might just hold the 5k I bohht today until 66p. Let's see how things pan out almaison may well get his 53p he has been right so far.

[cinquepercento] 18/1/2019 15:29

Well,you would wait for 53,wouldn't you, Alamaison and you will probably get it, too!

I have put a sell order for 59.5 on this for now.

:-)

[alamaison5] 18/1/2019 15:19

I'll wait for 53p.

[cinquepercento] 18/1/2019 15:07

Spacedust, Tonstrom,Alamaison and Rick etc,

Despite my recent posts to the contrary,I have bought a couple of £K at 55.289 .

A pure gamble that the chart says to me that this will recover to around 60.75 in the short term at which point I intend to dump it and take the profits.

[spacedust] 18/1/2019 14:55

Thanks storm. Not too much dilution then. Price was 160p few yrs back. Let's see where the share price is come April I am confident it will be treble figures or 90p at least.

The 200m contract kicks in, in the summer. I'm in with another 5000 shares.

This is exactly the time to buy when the sky is falling down Muppets.

[tonynorstrom1] 18/1/2019 14:50

Thanks - just found it. Share count in 2014 about 260m v 340m today.

I.e an share price of £3.50 in 2014 would equal about £2.60 today just so Alamaison5
Knows we’re comparing apples to apples.

[wynmck] 18/1/2019 14:39

5 for 16 rights issue at 88p june 2014

[ricky john] 18/1/2019 13:51

To be fair share count can’t be the same I think because we had a big rights issue. Let me go and find when that was

[tonynorstrom1] 18/1/2019 13:46

Anyway - whose going to take notice of anything we post here - with the amount of time we all spend posting we are all either:

1) multi millionaire private investors - I doubt it.
2) OAP’s on £165 per week with too much time on our hands - possibly.
3) Unemployed know it alls - probably!

[tonynorstrom1] 18/1/2019 13:38

Alamaison5,

I don’t agree:

1) share count I’m told is similar to 2013
2) LTA with Aramco
3) new product lines - renewables
4) 6B bid pipeline
5) Rig market showing signs of life.

Couple more awards and a promising update in March and things could
Be looking up - no reason they could
Not touch previous highs if they execute.

[ricky john] 18/1/2019 13:31

The Saudi investment needs to translate into backlogs and cash

[alamaison5] 18/1/2019 13:24

Rick: what investment return? Nothing has started yet, lol.

[ricky john] 18/1/2019 13:15

Management bought around 70p + I am expecting it to climb back to 120p based on the Aramco projects towards the year end. Slightly worried about the reduced cash position so we need to see return on our Saudi investment fast.

[spacedust] 18/1/2019 13:14

More or less the same amount. O don't remember any placings or issues

[tonynorstrom1] 18/1/2019 13:02

Thank you but do you know the number of shares in issue in 2013 v 2019.

[cinquepercento] 18/1/2019 12:46

The share price was about £350,around June, 2013 then it dropped straight down to about 80 pence then back up to £180 for a couple of years then an average high of about £110 for the last two years as per the charts here:

[cinquepercento] 18/1/2019 12:31

I agree re: don't hold out for 100 pence. I am not buying any more.

I have set a sell order for 83 pence but I would be happy to get 75 pence as my break even is around 63 pence.

In my opinion,the confirmation of the second contract award will push it up a few point and I may well take any profit and get the hell out.

[tonynorstrom1] 18/1/2019 12:26

Alamaison5,

What is the basis of your charge of incompetence, every Contractor that has been in business for an extended period has had a poor Contract/s and is especially true if you move into new markets / product lines. One bad contract doesn’t make you a poor Contractor.

Spacedust - do you know what the share count wAs back when the share price was £3.50 versus now?

[spacedust] 18/1/2019 12:19

600k buy vs tiny sell and the price goes down......mmmmmm

[alamaison5] 18/1/2019 12:07

I am not saying anything only that LAM will not, in 2019, go back to 100p. Even with $600m contract. They'll to get the trust back from the market. Money talks. For now they have shown only incompetence...
Maybe in 2 years times...

[alamaison5] 18/1/2019 12:07

I am not saying anything only that LAM will not, in 2019, go back to 100p. Even with $600m contract. They'll to get the trust back from the market. Money talks. For now they have shown only incompetence...
Maybe in 2 years times...