The Lamprell Group has played an important role in the development of the offshore industry in the Arabian Gulf for over 30 years, providing increasingly specialised services to the offshore oil industry. Lamprell is managed by British nationals, with its corporate headquarters in Sharjah, one of the United Arab Emirates, Lamprell operates a full service jackup rig refurbishment facility in Sharjah and a modern, well equipped fabrication facility in Jebel Ali Free Zone, Dubai.

Lamprell located in the most important oil and gas region in the world, in one of the key commercial centres in the UAE.

Lamprell has its own core skilled and experienced workforce as well as access to additional skilled labour from the local labour supply market.


AIM Rule 26 Disclosure

This, in addition to the Group�s safety focused culture and experienced project management skills, helps to ensure customer satisfaction is maximised whilst risks are reduced.

Lamprell has built up its strong market position by offering a differentiated service to its clients based on safe working practices and completing projects on time, on budget and to a high quality. Accordingly, we believe that the Company has established a position of sustainable competitive advantage in the region.

Why now particularly? Sp has broken through DMA's three times in the last three months, only to fall back. DMA's are all still declining & outlook for oil is still circa $40-$50 pb.

your view on oil, but not mine, or certainly not within next 3/6 months

Harry .... i know the markets have been strong for the last day or so, but it really wasn't a bad call of mine i would suggest

I agree. So far so good, but don't take your eye off the ball. 'The value of your investment may go down as fast as it went up.'
I do watch most of the oil services companies (LAM, WSM, HMY etc) but I feel it's a little early to be piling back in to them. Generally, their next set of figures are going to be lean, imo.

i visited Lamprell last time i was in Dubai and reckon they run a pretty tight ship ..... as do PFC

thought for the day .....

LAM and PFC are very much in the same sector, even though PFC's range of services is very much wider - LAM concentrate exclusively on building rigs asnd refurbing them

however, while PFC has had a little burst for glory in recent weeks, LAM has languished ...... i think this may be rectified, at the very latest with their next set of accounts, for as crude prices recover (which they are), so demand for rigs etc will increase.

LAM seems to be struggling with the 100 barrier, nothing to do with what the company actually does, they were asking 104 for a few hours this morning, no buyers till gone 11 when they dropped it under 100 again, similar thing at JRVS, cannot get through 10.

and to my amusement, after my post (and modest purchase at 98.25), sp is now 101.75/102.00

can you buy a few JRVS, it needs your magic touch and will greatly amuse me .

looking at L2, there's a zillion to be had in lots of 50k at 9.00 / 9.50

the old git got another call right by the looks of it!

yes, unlike yesterday they are being traded at over 104, where to now ?

on the move up again, load's of buy's going through since 1pm, somebody knows something.

for me, this is a diff chart to read ....... i don't realy believe it, but there looks to be only minor resistances all the way up to 180, but suspect 130 and/or 140 may easily cause a pause for breath

Continuous buys of 3379 shares every few seconds, can anyone explain ?

think a bid is coming here cynic?? They are cheap and bombed out.

That will be an iceberg trade lelael probably,drip,drip, drip to get under the radar and not move the market if liquidity is low

Falcothou, thankyou, my radar didn't miss it, going away (North West 200) in the morning, back Wednesday hope to see these far higher by then.

why a t/o and by whom? .... anyway, having got back in at 98 am sitting quite happily at the moment

if you have L2, this can be quite a profitable stock to trade as the spread is often +/-6p and equally often 1p .... thus, it can (may) be quite easy to buy at a decent discount to the quoted price.

i took a decent profit here a couple of weeks back, but am now back in quite heavily at an avr of 106.75 on the basis that i think their next numbers may beat expectations, and there is an outside possibility that PFC would find them a useful addition to their stable ...... they would certainly add a new dimension to PFC's portfolio, and they are also based in UAE, which is one of PFC's main areas of operation