Lamprell Share Discussion Threads

[blackbear] 22/7/2020 17:18

This must be a takeover target now, I'll keep buying my average is now 25p

[sphere25] 22/7/2020 16:37

Chart looks interesting here for a potential short term play.

One to watch for a break of 25p tomorrow.

[coxypete] 22/7/2020 12:56

Good update and now hopefully consolidated around 24p +. They note in update the Aramco bids have been put in and based on press reporting Aramco should release details on contract awards shortly. This would break 30p depending on number and level. IMOhttps://www.google.co.uk/amp/s/kogc.co.uk/blog/aramco-closing-in-on-four-lta-awards/amp/

[gepetto100] 22/7/2020 12:48

Stuie - it's exactly that, people's expectations are very short sighted

[stuie] 22/7/2020 12:19

It staggers me sometimes why people would sell just as a company breaks a key resistance area. Maybe I am wrong but this decent update was the push we needed to break out of consolidation. To me I can't see any reason to sell at this level, unless people where expecting a contract win .

[katsy] 22/7/2020 10:38

It's a good update, but with the share price sitting below this current price for over a month I can see many who took a profit. Once it settles the share price should begin to reflect to TU. .

[stuie] 22/7/2020 10:29

Yep close above 23.7 . I added twice today. Looks like we will finish red today incredible.

[topnotch] 22/7/2020 10:19

blackbear >> That's why I always wait until 10am before buying

[katsy] 22/7/2020 10:15

Stuie the share price needs to close above 23.7 to confirm your brake out.

[blackbear] 22/7/2020 10:15

Jeez I paid 27p this morning

[topnotch] 22/7/2020 10:10

So you ave TWO shares now???

[stuie] 22/7/2020 08:57

Always said I would double my investment if we broke 23.70 and I am delighted to have done that at 25.70 this AM .

[bowssbyjuhelm] 22/7/2020 08:44

Guys if you're looking for a huge upside steady rise with lots of positive things going for them. Look into DISH. Always dyor will close +80% imho

[master rsi] 22/7/2020 08:42

WONDERFULL

Such a bullish update
The net cash position is excellent in just 6 months almost double.
" Net cash increased to USD 71.4 million at 30 June 2020 from USD 42.5 million at 31 Dec 2019"
Backlog increased to USD 580 million at 30 June 2020 from USD 470 million

and more to come from the offshore wind projects

[davidspringbank] 22/7/2020 08:28

Excellent trading update.

[stuie] 22/7/2020 08:28

Could not get filled this morning . Wait for later.

[wapper] 22/7/2020 08:21

Weak & impatient holders breathing a sigh of relief and bailing out to reinvest elsewhere. The boredom factor applies here. Should see some further strong gains here as day progresses and we are rid of the weak holders and day traders.

[coxypete] 22/7/2020 08:16

Nice rise this morning :) Cash up, cost savings on track, productivity confirmed and recent contract wins already started work. Order book up. Only minor was bid pipeline reduced but with Aramco LTA bids confirmed can see a few more wins soon.

[samdb] 22/7/2020 08:15

Safe to say the market liked this update. Cash balance is very reassuring and for me was one of the only uncertainties on a company that is otherwise knee deep in good quality contracts.

[kibes] 22/7/2020 08:11

Very pleased that net cash has gone up to $71 million. They are out of the woods and new contract wins should see them racing away.

[spacedust] 22/7/2020 08:07

And we're off

[katsy] 22/7/2020 08:06

Happy days

[spacedust] 22/7/2020 07:55

Should gras5ually be over 30p. Material uncertainty lifted

[stuie] 22/7/2020 07:44

Markets love cost cutting, I was worried they would need to borrow or issue more shares but this is very positive. I was not expecting bid news they don't give that out in trading updates.

[wapper] 22/7/2020 07:09

All very positive. Was hoping for further contract wins but it looks like they've got enough on their plate for now and will undoubtedly benefit further from their huge bid pipeline.GLA