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.

Nice to have a Barsteward as a cynic

Instead of PFC on the Portfolio ............

cynic - 01 Mar 2013 09:58 - 505 of 505
this one is turning into a real bad egg, despite consistently turning in annual growth in mid teens

note - some nasty one's can not keep their mouth shut, it seems they were born in a cold stable.

MJ/MRSI/menorca1 (et al) - back in your cage you silly boy ...... you've managed to keep a civil tongue for the last few weeks, so try your best to keep it that way; you then remain interesting to read

as it happens, i hold both LAM and PFC

you can try to have what you have not got

but you do not need to try, you got plenty of nastiness may I say ( keep it for you cold stable family ), so I will allways have an answer and put you down like a DOG you are.

try to read back, try to remember, you suppose to learn from your old suffering life, do not try to give hard time to posters here.

stop hidding yourself under mama's shirt and go complaning to MAM.

You have been a GRASS all your bl@dy life.


re - cynic - 28 Feb 2013 13:37 - 497 of 500
have already requested that this arschloch be removed once again

Ruprecht - behave or i'll have to take away your favourite saucepan and spoon .... it seems you forgot to take your medication this morning so please go and take it straight away

all settle

go back where you belong now

plenty of Vodka, but you prefer....cat's milk

plenty of noyse but not Luton

plenty of problems but not the court room

plenty of cash but not for the TAX man ( tax avoidance )
people call it ... crooks

you really are truly pathetic at times; probably more to be pitied than castigated, but it's a close call

I know which one you are ...

refugee and crook

send him back

never mind the crook's book will take 24 years to be sorted

            EVENING FUN

Cyprus Banks 'To Reopen Tomorrow' After Bailout Deal

A little bird has told me, that tomorrow a Rusian Lady,
plans to go to the "Licki" Bank of Cyprus,
with a large suitcase and withdraw all her money.

I would advise her, to go to the bank with her normal hand bag,
because her account of "suspicious money" will be restricted,
with not enough money to fill her small hand bag.

note
Licki = Laiki
           

From the "IC" last Friday

Home > Shares > News & analysis
Lamprell fined by the FSA

The share price of Lamprell (LAM) has partially recovered since it bottomed-out at 62p midway through November, and while there’s some evidence to suggest that the new management team is making progress on the operational front, the 2012 full-year report reflects a dreadful year that culminated in a £2.4m fine from the UK Financial Services Authority for failing to report late-running or over-budget projects to the market in good time.

The specialist rig engineer made a succession of profit warnings in 2012, citing supply chain issues and delivery delays on its Windcarrier turbine installer. The end result being that Lamprell booked a pre-exceptional operating loss of $84.5m (£55.6m), against a profit of $90.2m in the previous year. Admittedly, Lamprell fulfilled some contracts during the latter stages of 2012, which brought down year-end trade/receivables by £270m to $398m. The forward order book at $1.3bn has contracted by 12 per cent since the end of July, but all major projects are progressing to schedule. Post year-end Lamprell received waivers from its lenders with regard to covenants on its existing debt facilities.

BoA/Merrill Lynch believe that Lamprell with be earnings neutral in 2013, and predicts a recovery in adjusted EPS to 17¢ in 2014.

LAMPRELL (LAM)
ORD PRICE: 144p MARKET VALUE: £375m
TOUCH: 143.5-144p 12-MONTH HIGH: 369p LOW: 62p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE: 156¢* NET CASH: $104m

Year to 31 Dec Turnover ($bn) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢)

2008 0.74 85.5 39.1 8.7
2009 0.43 28.4 13.2 3.5
2010 0.50 65.2 30.2 12.3
2011 1.15 63.5 26.6 8.00
2012 1.05 -109.7 -42.5 nil

£1 = $1.52 *Includes intangible assets of $220m, or 84¢ a share

IC VIEW:
The restructuring seems to be working and assuming Lamprell can make a modest $49m operating profit on $1.1bn of sales in 2014, then the shares are only rated on 13 times forward earnings. High risk, but the shares rate a speculative buy especially as a close above 153p would be a strong point-and-figure and swing-chart buy signal.

HSBC Neutral 0.00 141.75 140.00 160.00 Reiterates

if the IC view is not a misprint, then trying to guess results in 2014 would be beyond the powers of Mystic Meg or let alone the Oracle at Delphi

re - if the IC view is not a misprint, then trying to guess results in 2014

Some posters "ALLWAYS" talk from their backside
or maybe as I said before, they have idea of nothing but bla,bla,and bla.
sounds like an unhappy person trying to find faults were there are none

post 398 says.....
BoA/Merrill Lynch believe that Lamprell with be earnings neutral in 2013, and predicts a recovery in adjusted EPS to 17¢ in 2014.

menorca1 says....

17¢ : 1.52$ = 11.2p EPS

Share price 143p : 11.2p = PE of 12.79 as IC said 13 for 2014

IC wrote .... assuming Lamprell can make a modest $49m operating profit on $1.1bn of sales in 2014

like wot i sed b4

What misprint?

IC is taking brokers forecast .... ...BoA/Merrill Lynch that is why was posted at the same time

Just take it on the chin instead of going around and around

We all assume you had NEVER any idea and now is well clear

FFS - you are so obsessed with being abusive that it has clearly made you a very sad person indeed

anyway, i hold LAM and (of course) PFC in this sector and am happy to continue to doing so

re - bad person

You were spoted long time ago as ( cynic person ) that was the reason you decided on using that nickname cos is describe you VERY WELL.

Time an time again posters have been putting up with it but not me, were I noticed those arrogant posting.

When ask about it and not able to win the battle, then change the subjet as above.

You are not only a looser, but also a LIAR ( caught you many many times ) and naturally a "cynic"

note - Caught You In A Lie - song

just go and take your medication and stop making a total idiot of yourself by with your wild and totally unsupportable personal allegations and abuse

re - totally unsupportable personal allegations

every time a share price rise ..... ( bought yesterday,) no honesty and decency is what you have not got ............. ( and it is very rare for me to post like that after the event,)
you are doing it all the time

FACTS
from the BAO thread

cynic - 02 Feb 2011 10:56 - 60 of 66
glad i bought back in yesterday - provable if the wankers start questioning my honesty again! .....

cynic - 22 Feb 2013 13:04 - 393 of 419
and so i did, later that day at 28.75, though relatively modestly ..... yes, i know i kept that one quiet as i was unsure whether or not it was a smart move

dreamcatcher - 22 Feb 2013 20:56 - 396 of 419


cynic - 22 Feb 2013 21:11 - 397 of 419
i have no need .... i own up to mistakes, and assuredly this was not one - read 392

dreamcatcher - 22 Feb 2013 21:37 - 398 of 419
I'm only joking but it could be read that you were thinking of shorting (post 392).
Then post (393) some three days later if you shorted later that day, your post states you indeed shorted . The day of this post the share happens to lets say crash after the three days before were fairly modest falls. It can be read this way, not that I am reading it that way. In other words not to be picked up about it, would be best would it not, to post ones actions not three days later?

dreamcatcher - 22 Feb 2013 23:04 - 400 of 421
Very fair what I have written . Put it another way - An oil company is a few days away from TD. I come on the thread and say I might come in on this one. Three days later no oil found, the share crashes. Then when I'm asked, I say no did not come in in the end.
Then the same again on another oil company near to TD. I write I may come in on this one. A few days later they announce millions barrels of oil found, the share races north. I then write on the thread I was in. How long can I do this before questions are asked. lol

cynic - 23 Feb 2013 09:22 - 401 of 421
it's ok DC .... obviously a bit tetchy yesterday :-)
you're right, and it is very rare for me to post like that after the event, but i was just (too) pleased with myself for having made another correct call

from the PFC thread .............

cynic - 26 Sep 2012 17:25 - 433 of 507
i confess i bought back 1/2 of this morning's sell at 1580 and now keep my fingers x'ed that the market in general will bounce, which is likely to drag PFC along with it ..... sure as hell i wouldn't have dared short the stock at any point

and at XEL also a few
will ask the secretay to investigate

none of what i posted can conceivably be construed as lying - and nor is it - except by a bigotted and racist gnome such as yourself .... but if that is what you wish to believe, then you carry on and let the maggots continue chomping on your bile-laden pancreas and liver

The court that you prepare the papers for, found you GUILTY of all the above

Your vile tonge found its place again
just because someone has explose you once again

stop spiting as you are posting
the serpent has not got any venon left

All what you been posting is lies
407 post is the evidence .........GUILTY

take him down