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.

got motoring this afternoon and at one point reaching 128p

Indicators starting to pick up here - just too late today.

another good day and close to the intrady high of the 19th
But is that the high for the moment being?
maybe, till further positive news

further slump today looks very much on the cards ..... all bad, the worst being warning of probable breach of covenants


Following the Company's Trading Update of 7 June, the Company has been undertaking a further review of its financial position and as a result has now revised its previous forecast. As a consequence of additional costs arising from the delayed deliveries of the Windcarrier 1 and 2 projects, the loss at the half year is expected to be approximately US$ 45 million.

In addition, an extension to the timeframe for achieving direct overhead and corporate cost savings that were previously anticipated will impact the full year result. Revenue for 2012 is still anticipated to be approximately US$ 1.1 billion. However, the Company now anticipates a loss for the year in the range of US$ 12 million to US$ 17 million.

As a result of these anticipated first half losses, Lamprell will be seeking waivers from certain of its banks in relation to its banking covenants.

Deliveries of equipment for the jackup drilling rigs that the Company is constructing are currently being received in accordance with the revised delivery schedules.

Yes it doesn't make for good reading - tin hat on.

death and destruction - down over 40%

.

Taking a bit of a bashing here (bought @118.5) - I cancelled my £1 stop before the open - not it seems, that it would have made much difference as its stil only just above the open price.

stops are useless in this sort of situation unless guaranteed

Hence my cancelling it!

In auction - now only -37.9%!

Notice of Results

Lamprell plc (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, will announce its results for the six months ended 30 June 2012 on Tuesday 28 August 2012.

Could be an interesting set.

Could be an interesting couple of weeks and 2 gaps to fill!

Assuming there isn't a third one soon!

me going for a break of resistance @ 90p and then fill the first GAP to 120p

one at a time

Harry - lighten up - its Friday and the sun is out!

Hmmmmmmmm...........!
Just as a matter of interest though, wouldn't you have expected the first gap to fill before the second appeared? I'm not convinced LAM are out of the woods yet, so prefer other stocks.

Yes I agree - all will become clear(as mud) on the 28th.

an once again has a large spike and then settles around the middle

is somebody "hoovering" up a few shares?