Lamprell Share Discussion Threads

[coxypete] 09/7/2020 15:38

https://www.seatrade-maritime.com/asia/saudi-aramco-bahri-lamprell-and-hhi-launch-international-maritime-industries-shipyard-jv$5.2bln scheme - 2018 - don't get me wrong it is an exciting project - but a quick read of their IR site, presentations etc. You'll see ongoing project which they are already heavily invested in.

[coxypete] 09/7/2020 15:07

https://www.maritime-executive.com/article/saudi-aramco-studying-shipyard-deal-with-hyundaiLSE article looks very similar to this article from 2016 ?

[coxypete] 09/7/2020 13:09

https://www.lamprell.com/our-business/saudi-joint-venture.aspx

[coxypete] 09/7/2020 12:51

From my understanding this is International Maritime Industries (IMI), project which was launched a while back 2016/17 and is not new news ? But still underdevelopment currently - LAM have asked to defer their equity contribution to the project this year to save cash. However may have misread.

[g8ffer] 08/7/2020 20:07

No expert by any means but seems we are entering a bullish engulfing pattern. Even without news id be hoping this can break nearest resistance.

[coxypete] 08/7/2020 17:06

FYI https://kogc.co.uk/blog/aramco-closing-in-on-four-lta-awards/

[coxypete] 08/7/2020 17:03

Another small crumb is JP Morgan discontinued coverage yesterday - no great shakes just reallocating analysts. Their year end price target was 50p back in May when commenting on FY19 results and outlook. Personally looking for 30p ;)

[coxypete] 08/7/2020 17:01

Yep always seems quiet which is refreshing in some ways. More contract wins needed to push price - Aramco next few weeks should be announcing placement of new contracts within pool of contractors which include LAM. HY results will also be focussed on whether cost savings measure gone to plan and cash profile.

[katsy] 08/7/2020 15:56

Is it always this quiet here.

[stuie] 08/7/2020 11:01

Cheers, will be increasing my investment when we/if we break 23.7. Fingers crossed.

[g8ffer] 07/7/2020 21:45

Fair play. Never to make an investment on rough calculations but more so something to buoy my spirits after watching this for the last 2 weeks. Will watch with a keen eye to see if you are right and if so I will toast a beer to you when we hit 30p

[stuie] 07/7/2020 18:36

I worked it out they are selling around 0.69 of their holding , which worked out just over 2m shares. If that is correct I guess they are dumping around 200k a day maybe 10 to 12 trading days. We have had 9 trading days since their rns so maybe end of week .?????? Obviously the only person who knows is the guy dumping them, so I could be miles off.

[g8ffer] 07/7/2020 15:13

Is there anyway to know how far we have till that's reality?

[stuie] 07/7/2020 10:03

I wish we could clear these Lombard Sells out of the way.

[wapper] 07/7/2020 09:06

Looking a lot stronger today

[jimsyone] 04/7/2020 12:00

Goldman Sachs - Berenberg - Peel Hunt - Liberum - Cannaccord give the top fund managers picks

[stuie] 04/7/2020 11:34

For a moment yesterday I thought the seller was done, they where dropping large sells every 10 minutes or so , then nothing for a few hours. I am not sure what you guys think but it seemed they were dumping aggressively Friday , let's hope for great start Monday.

[stuie] 03/7/2020 15:16

Those narrowing wedges usually signify a build up pressure waiting to explode when the price breaks out. Upside or downside that's the question? . Seeing that most companies prices go up when a seller has exited we have to hope it's to the upside .