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.

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

have been to their office in dubai.
it's a good set up without expensive frills - i.e. it's a place of hands-on work rather than flash corporate office!

Tricky to pick the support level for this, but worth watching for an entry point.

this worth buying then master bear cynic? Chief Exec talking about getting into alternative energy servises. Desalination could be huge area to get into in Dubai, would like to see chart over 125p, on the watchlist.

i happen to like this company, and although it is suffering at the moment, it is very well run and in the correct location (UAE) ..... in due course, the demand for rigs and their other services will assuredly pick up again and/or they will be taken out by PFC (or similar) for whom i would have though LAM made a good fit

interims due 26th August.

don't suppose they will make good reading, and would guess that outlook is still pretty tough, not least because Aramco continue to jerk everyone around

managed to finish above 120 for a change.

Always thought AMEC may try to get in rather than PFC. Think i'll buy today if they approach 125p area, too low too long and recovery could be imminent.

you may be right, but PFC are pretty much LAM's neighbours in UAE and are certainly quite aggressive.
to be honest, i wouldn't turn my nose up at anyone who put in a decent offer, but would hope that LAM could come good in the reasonably near future in their own right

looks crap on level 2 at the moment.
Any price targets on this stock anyone?

go back to post 12 for a couple of charts ..... somewhere between 105 and 110 looks to be good support

30-Jun-09 Arden Partners Neutral 114.00p - - Reiteration
Can't find anything more recent.

before buying, read my post 49

This seems to be on the way up again now, just needs to get away from that 120 hurdle.

Take your pick:

Date........Broker.......... Old price target....... New price target
14-Aug-09 RBS Sell...............55.00p...........80.00p
12-Aug-09 Deutsche Buy.......285.00p.........185.00p

id sell rbs, lol

Our weekly move towards 125 is on again, yoyo share this one, someone will probably tell me its great for trading, something I've not mastered yet.

have just banked profit in 65% of holding ..... LAM figures are out on wednesday, and since their last trading update, i have seen nothing that makes me think they will be other than pretty bleak.

lots of peeps have jumped in here today on the back of PFC's stunning results, but i reckon they'll be falling over themselves to cash in just after the figures - as they were with PFC first thing this morning.

at that juncture i may well but back in

thanks for the heads up cynic. having held this long i think i will sit through the volatility
should it happen. just so long as it dont get back to my cost price that is. thanks.
regards
to you