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.

definitely a close relative of MRSI ...... please keep up your truly excellent work to do us all a favour and get yourself banned yet again

Holding around the resistance 120p

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There is some inside information from --- moneyam ---- were there is a list of >>>> pain on the @rse complainers, and as it happens YOU are TOP of the list.

a trully - " mam's boy " or Miss Meddling

noticed you have upset a few for some time now and the latest is - proseleness -
any how let me know when ready for the 6 foot under, I am sure he will put together one bob or two for the box ............

MRSI - for it is 90% certain you are his reincarnation - please abuse much more heavily .... you KNOW you can as you have practiced it for years ...... if i then prove to be the instrument of your self-destruction, i don't think many tears will be shed for you by any on this board

me is - magicjoe - and I do not want to be your friend, keep the coco tears for you ancestors bye bye

who on earth in their right mind would want you as a friend? ...... are you really disappearing in a puff of acrid smoke? ...... i do hope so

TIME TELLS IT WAS ALRIGHT FOR SOME ACTION AND SELL

for some reasons took the profits earlier this morning after the large spike again and moving well ahead of the 120p target, well of TOP Higher Bollinger Band ( selling time ) and Indicators at overbought.


magicjoe - 10 Sep 2012 08:59 - 261 of 266
First target 120p gone as it reached 125p at one point
a very strong spike during the last 3 days.
Was it time for some action?
time will tell.

Well done mj. I missed the spike this morning, as you say time will tell if I get another opportunity for a 40% profit. Will hold for the moment. H

latest trading update stinks! .... and extracted "taster" below ......

As a consequence of late delivery and other contract-related matters Lamprell has incurred further additional costs on both the Windcarrier 1 and Windcarrier 2 construction projects, which will adversely impact the forecast loss for the year ending 31 December 2012. Furthermore, a delay in client deliverables on a separate construction project has resulted in a deferral of revenue and profit from 2012 to 2013. There has been no deterioration in the project's expected financial performance, but the deferral will impact the 2012 financial results ...... the Company now anticipates that the loss for the year will be significantly greater than previously expected.



while MRSI is clearly a trader based on chart interpretation - and did well in/out here recently - if anyone allowed themselves to be suckered in long(er) term, i'm afarid they are going to take another bath this morning

Trading Update

John Kennedy, Chairman, Lamprell, commented:

"Lamprell's position in the refurbishment market remains pre-eminent. After three months with the Company I believe the fundamentals of the business continue to be sound and the order book and new contract pipeline remain strong. However, I am extremely disappointed in the need to make this latest trading update and feel that a refreshed management team will bring a more focused sense of delivery to all our stakeholders."

"The Company will provide a further update to the market when it has greater clarity on the detailed financial impact of these issues." Expect another lurch down when those figures are released then?

it is unlikely to bring succour to the suckers :-)

Nevertheless - there was money to be made this morning for the stupid nimble fingered - not me I should add!

magic is gone.

Further update will be appaling.

one can but hope .... he certainly had one of his typically offensive posts removed

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when i am spending some time in the office, i may well consider shorting this as i cannot see any good news on the horizon, unless someone decides the company is worth snapping up

cynic agree the shorting risk is with their NAV approximating the market value (net of intangibles) some wealthy arabs might seize the opportunity to make a bid.

LAM has a billion dollar turnover with a significant share of rig refurbishment business worldwide and high entry cost to any competitor. Tangibles are close to NAV at current share price. Trouble seems (to me and in simple terms) to be ability to accurately price bids and control costs during contracts. Debt is relatively low for a company this size imo? Agree this looks a tasty takeover target and as management control seems to be the major issue, the share could turn around reasonably quickly if it doesn't go belly up first. I have made an initial small investment (as a sleeper for the future) using some of my earlier profits in LAM. Very high risk and please dyor. H

trick may be to short with guaranteed stop

BIG MOUTH >>>>>>>>> cynic
has spoken once too often with no idea of nothing as usual

posters often say ....... do the opposite of the " bed pan face " comment
Shares had reached 85p a couple days ago ( almost 20% up ), from the comment below at 72p offer


cynic - 04 Oct 2012 20:50 - 281 of 282
trick may be to short with guaranteed stop

have fun