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.

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

i have not changed my mind in that i still believe LAM's intrinsically a damn good company and, looking 6/12 months ahead, in a good sector ...... i just feel the whole market has got far too frothy, wanted to take some money off the table anyway, and being an active trader, reckon i'll be able to buy back quite a bit cheaper on wednesday if the spirit so moves me

LAM are doing well by these numbers, eps about 20-25p, I dont know what multiples amec/p'fac etc are on but at this lam should be 300p min!

i like this company but reckon you talk rubbish!

i am sure there is someone on this bb who can do the proper calculation as to LAM's current p/e and other relevant figures

I only quote from their numbers! 15cents/share for first 6months, I assume thats about 10-12p, x2 =24p, they have $90m in the bank, $400m orders on the book and $30m profits. This company is in one hell of a state lol. pe/5.

Latest PE figure is 4.8, with forecast rise to 7.9, but forecast revenue & EPS figures heavily in to the minus range. Not surprising in the current economic climate.

eps and forecast are not minus, they are less than same time year last year but still highly profitable and a substantial order book, have you looked at the numbers?

confess i am happily amazed at the strength shown today, albeit that i now hold only a relatively small number

Apologies. They are down on current figures, thus I have described them as minus.
I should have said the figures are below the current year's.
Forecast EPS -38.4%, Forecast revenue -74.2%.

200p?

shouldnt be long until 200p

while the following RNS is/was very good for LAM, to my mind it is the more general and broader implications that are the more interesting - i.e. oil projects are being re-opened, and thus by implication, indicates growing optimism right across the global economies

LAMPRELL ANNOUNCES US$ 52 MILLION OF CONTRACT AWARDS
............ has received contract awards from three of its key customers, which in aggregate total US$ 52 million.

Nigel McCue, Chief Executive Officer, Lamprell said:
'We are delighted to be announcing these contract awards which illustrate the continuing demand for our services. The contract with Saipem is our first FPSO award since July 2008 and reinforces the confidence we have in the long-term viability of the offshore construction market both for fixed and floating structures.

What annoys me is "inside" information, the price took a tumble, only small, but nonetheless somebody new(the city!) an announcement of some sort was coming, somethings never change.

Cynic, I work in the Oil and Gas industry and UK gas infrastructure projects are on the up and up, abu dhabi/egypt/alegeria are all very steady to ramping up investment as for the big oil companied at the current oilprice they can rake back alot of money on exploration and production. Just going to see ahts happening with Wood group/petrofac etc, amec could also start to benefit again.