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.

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

This week's Shares mag is negative on LAM.
To summarise, LAM order book is down $125m, rig refurb market is currently weak & the jack-up rig market decline is increasing. Growth prospects for LAM are considered to be flat for the next 18 months & thus LAM comes with a sell recommendation. (Conversely KENZ is a buy in the same sector).

what % of calls does Shares mag call correctly?

have looked at KENZ before, but from memory, very illiquid

very short term i know, but sort of LAM 1, KENZ 0
have now done very well from buying LAM over the last couple of days = + approx 10% clear

banked very useful profit on 50% @ 116.75 .... shall leave balance to run at least for the time being

sold a few more yesterday at 119.75, but share continues to move ahead nicely (have also bought back in to PFC yesterday).

looks as though Shares mag got it wrong again

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but being more prudent than of yore, have banked all profit now, selling the last batch at 126, though shall continue to monitor with a view to buying back at a later date

Offer 140 now, shares mag really got this one wrong.

bought back in a couple of days ago, albeit that (with hindsight!) i paid too much, though back to b/e again

takeover rumours in ft.

glad i bought these end april

not been following my advice i hope marni ...... PFC likely to be the predator

i noticed u going on about lamprell.......only slightly up since i bought but i'm sure will do well even more in future.

thanks cynic