Lamprell Share Discussion Threads

[dealy] 24/6/2022 14:26

A decent shareholder just has to come in via a PIPE transaction and inject 50m quid for 40% of the company. Bingo, next day the company is fully funded

[deltalo] 24/6/2022 14:24

Moving op now as overreaction is digested, I could double or treble my money here quite easily on the back of scared seller's, that's how it works tbh

[iamthemagnificent] 24/6/2022 14:19

PWhite73 - so have you invested here at sub-5p ? Small punt for me. Last time I traded this was in 2013, selling at 141p

:-0

[pwhite73] 24/6/2022 14:12

This is just a liquidity issue and trading appears to look good going forward. LAM has put its cards out in the open to attract other potential bidders and funders.

RNS 24/06/22 - "Current trading The macroeconomic environment has strengthened with oil and gas prices at multi-year highs and significant global demand for offshore wind infrastructure. This strong market backdrop is expected to lead to considerably higher levels of investment by operators in Oil & Gas both in the UK and Middle
East. The Group sees significant opportunities, with noticeably increased bidding in both oil & gas and renewables addressable markets. Since the beginning of the year, the bid pipeline has grown to $9.4 billion, with $5.1 billion attributable to renewables and $4.3 billion attributable to Oil & Gas. Engagement with prospective clients remains encouraging with circa $1.4 billion of potential renewables contracts
scheduled for award in 2022."

[targatarga] 24/6/2022 14:09

Anyone remember the East Coast project. They lost 200 million and never explained why!

[deltalo] 24/6/2022 13:49

They won't dump the lot as their average will be a whole lot higher, we have to remember shareholder own the company so the offer will have to be agreed and as I say it's not a giveaway price. Seems to me a massive overreaction.

[oilandgasman1] 24/6/2022 13:44

Yes it is a give away discountLook at shareholder list someone own 130m shares they are dumping rapidlyLooks set to slowly drip to 2.5p

[deltalo] 24/6/2022 13:43

Just bought 103k share's as they said at discount but not at giveaway discount, what an opportunity that's to good to miss imo so I bought. With a few grand as those share woul have cost me 20 grand plus yesterday and 60 grand a few months, Reading between the lines it's a deliberate price reduction to pay a little less than yesterday's mkcap. Imo that is,

[dealy] 24/6/2022 13:07

market cap is 270m below the year high high. This despite business being good. Pretty scary that liquidity can become so precarious so quickly. Must be interesting to peers as an acquisition

[plunger2] 24/6/2022 12:58

And in X weeks you may be able to buy the company from the receiver/administrator for SFA.
Or will 007 come and scoop Blofeld? GLWT

[pwhite73] 24/6/2022 12:53

RNS 24/06/2022 - "This announcement has been made without the consent of Blofeld."

Now this may have been a tactical move. Yesterday a cash offer for the company at 22p would have cost £91 million. Today a cash offer for the company at 5p would cost £21 million. So an additional £70 million that would have been spent purchasing the entire share capital could now be used to plug an immediate funding gap.

Interesting times for the lower share price opens the door for other potential bidders.

[dillydally2] 24/6/2022 12:48

Dnt be silly this is dropping to 1p or being suspended and they delistThe buyer prob now doesn't want it

[stockhunters] 24/6/2022 12:46

i am guessing 3.5p then seller is completely

[dillydally2] 24/6/2022 12:42

The door is closing for you to be able to sell

[oilandgasman1] 24/6/2022 12:33

Bust soonOnce suspended you are screwed

[deltalo] 24/6/2022 12:29

Looks like they're giving the company away. Very volitile share value prediction.

[stockhunters] 24/6/2022 12:22

session lows wonder if it settles in the 3s

[dillydally2] 24/6/2022 12:13

Suspended before close

[oilandgasman1] 24/6/2022 12:03

The usual twitter pumpers trying to engage folks to buy this

[terminator101] 24/6/2022 11:46

Wow, value destruction on a gigantic scale.

[oilandgasman1] 24/6/2022 11:43

Dddd suspendedLam to follow

[iamthemagnificent] 24/6/2022 11:40

wow, I remember this share from way back when

What a shame that they are running into liquidity problems just as full year revenues are expected to come in at multi-year highs ?

'As a result of the recent reservation agreement and anticipated contract awards, the group expects 2022 revenue to be in the range of US$400mln-US$500mln, with US$340mln secured for 2022. The consensus forecast for revenue in the current financial year is US$456.7mln.'

Wonder if there are any other players looking at this

[gepetto100] 24/6/2022 11:32

I agree stockhunter