Lamprell Share Discussion Threads

[paulisi] 02/11/2020 07:57

Medium sized contract win.

[topnotch] 29/10/2020 20:34

If it slips through the 28p level then I would be looking to buy around 21p for a rinse and repeat

[sphere25] 29/10/2020 11:01

Timber!! -13% atm

It did look toppy and it has played out.

We're back in Plungeville in the wider markets in the short term with oil moving the same way. Seeing more and more of these downward lurches. Always a good idea to tighten the stops when markets show initial bigger movements and the vix spikes, because this inevitably almost always follows.

We had a decent period of calm, but more recently it has been harder to trade the long side and even tougher now. Oversold bounces will present opportunities of course.

If you're already a high risk company like LAM then recent events clearly just increase the risk. No doubt this one will continue to be volatile so one to keep trying to quickly nip in and out of.

[topnotch] 27/10/2020 17:01

Struggled to break through 33p - Looks like it may retrace to 28p or lower

[sphere25] 27/10/2020 12:31

Stop hit. Rarely give the riskier ones much leeway.

32p buyers in size exhausted? Key 32p support under threat atm.

Chart might be topping out here.

[glavey] 27/10/2020 05:13

Why ask the question if you wish to be blind to an answer?

[topnotch] 26/10/2020 14:10

Ohhhh - so that's what the filter button is for.....

[topnotch] 23/10/2020 14:33

Anyone have a short-term and/or medium-term price target?

[sphere25] 15/10/2020 14:14

That going concern statement is why this has been highlighted as higher risk.

32p keeps holding though - key mark where the bigger buyers are stepping in. Needs to keep holding or this could do a plunge. It is one that is prone to big moves either side.

Alot of selling out there, hard to trade this market on the long side atm.

[nasnas1] 12/10/2020 07:29

Can anyone confirm if refinancing has happened yet? The key assumptions made in reaching the going concern conclusion include that both a major contract win and refinancing will be secured by the Group within the coming 12 months. Should these not crystallise, significant cost cutting and restructuring measures will be required to maintain liquidity.

[nasnas1] 12/10/2020 07:15

That was me :)

[stuie] 09/10/2020 15:45

Took some off the table today. 2 weeks of rises , due a bit of a pull back .

[topnotch] 09/10/2020 10:52

Just saying they could have bought it cheaper

[sphere25] 09/10/2020 09:29

Should have invested in stonks because clearly stocks never only go up :-)

Nibbled a few, stop just under 30 - risky short term play but the shift in sentiment looks interesting.

Testing that resistance now.

Resistance is futile or is it?

[topnotch] 09/10/2020 09:06

Yeah, not sure what that means

[glavey] 09/10/2020 04:05

Stonks only go up.

[sphere25] 08/10/2020 15:36

Watching the moves here, it doesn't look like the market is worried about financing. Clearly can't rule out a placing in these intricate times (very much a risk!) but there are large buyers here who continue to mop up all sellers and push the price higher.

Interesting chart which is coming up to test a key resistance point.

Is there a genuine shift away from bearish sentiment with this risky dog? Surely not?

[paulisi] 06/10/2020 12:06

Indeed and repeated again in his speech.Still need to win the contract.

[paulisi] 06/10/2020 11:14

Just need a contract win announcement...

[stuie] 06/10/2020 11:14

Today's quote from the PM about wind power seems to have been the push we needed.

[topnotch] 06/10/2020 10:56

IT's taken it's time and hope it's worth the wait - first target 34p???

[stuie] 06/10/2020 09:23

Been waiting for this break of 28.40. Should see some fireworks if it can close above today.