Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Lamprell Group (LAM)     

Andy - 19 Feb 2008 16:22


Chart.aspx?Provider=EODIntra&Code=LAM&Si

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.

skinny - 29 May 2014 16:11 - 558 of 709

Looking for a break of 166....180.... then the 'gap' :-)

big.chart?nosettings=1&symb=UK%3alam&uf=big.chart?nosettings=1&symb=UK%3alam&uf=

skinny - 05 Jun 2014 11:20 - 559 of 709

Well 166 now firmly in the rear view mirror.

skinny - 10 Jun 2014 10:23 - 560 of 709

Result of AGM

skinny - 10 Jun 2014 13:18 - 561 of 709

Result of EGM

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that, at the Extraordinary General Meeting held earlier today at 10.00 a.m. (UK time)/1.00 p.m. (UAE time), the Resolution to approve the Rights Issue, details of which were set out in the notice of Extraordinary Meeting included in the prospectus relating to the Company and dated 16 May 2014 (the "Prospectus"), were duly passed without amendment on a show of hands by the requisite majority of Shareholders.

skinny - 11 Jun 2014 07:05 - 562 of 709

Admission of Nil Paid Rights

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, announces that, pursuant to the Rights Issue announced on 16 May 2014, 81,363,469 New Ordinary Shares of 5 pence each will be admitted, nil paid, to listing on the premium listing segment of the Official List of the Financial Conduct Authority and will be admitted, nil paid, to trading on the London Stock Exchange's main market for listed securities at 8.00 a.m. today.

Unless otherwise defined herein, capitalised terms in this announcement shall have the meanings given to such terms in the prospectus relating to the Company and dated 16 May 2014 (the "Prospectus").

skinny - 16 Jun 2014 09:17 - 563 of 709

Investec Hold 151.50 151.75 150.00 155.00 Reiterates

skinny - 18 Jun 2014 07:10 - 564 of 709

Prudential 10% --> 11%

skinny - 19 Jun 2014 07:11 - 565 of 709

Contract Win

CONTRACT AWARD

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has received a new contract award from Petrofac Emirates L.L.C. ("Petrofac") for the fabrication and delivery of 29 modules.

The modules are being constructed for use in connection with the Zakum Development Company (ZADCO, one of Abu Dhabi Oil Company (ADNOC) Group of Companies) landmark Upper Zakum, UZ750 (EPC-2) field development in Abu Dhabi. The estimated total weight for all of the modules will be approximately 10,000 tonnes. Lamprell is scheduled to deliver the first shipment of modules in Q2 2015, with the final pipe-rack expected to be delivered in Q1 2016.

James Moffat, Chief Executive Officer, Lamprell, said:

"We are pleased to announce this new contract from Petrofac, for whom Lamprell completed similar works last year for the Laggan Tormore development in the North Sea. We have established a strong track record in the offshore and onshore construction sector which is one of Lamprell's core markets, and we continue to see further growth opportunities."


- Ends -

skinny - 20 Jun 2014 13:01 - 566 of 709

.

skinny - 20 Jun 2014 13:01 - 567 of 709

Prudential 11% --> 12%

skinny - 23 Jun 2014 07:12 - 568 of 709

Prudential 12.12%

HARRYCAT - 23 Jun 2014 08:16 - 569 of 709

Presumably the Pru holding has increased due to the take up of the RI?

skinny - 26 Jun 2014 07:08 - 570 of 709

Result of Equity Issue

Results of the Rights Issue

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that the 5 for 16 Rights Issue of 81,363,469 New Ordinary Shares at 88 pence per New Ordinary Share announced on 16 May 2014 closed for acceptances at 11.00 a.m. (UK time) on 25 June 2014. The Company received valid acceptances in respect of 78,528,325 New Ordinary Shares, representing approximately 96.52 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts of Qualifying CREST Shareholders as soon as practicable after 8.00 a.m. (UK time) on 26 June 2014 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Qualifying non-CREST Shareholders by no later than 10 July 2014.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities today, 26 June 2014, at 8.00 a.m. (UK time).

In accordance with their obligations as Joint Bookrunners and Underwriters in respect of the Rights Issue pursuant to the Underwriting Agreement, J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) and HSBC Bank plc will endeavour to procure subscribers for the remaining 2,835,144 New Ordinary Shares not validly taken up in the Rights Issue, failing which J.P. Morgan Securities plc and HSBC Bank plc have agreed to acquire, on a several basis, any remaining New Ordinary Shares.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 88 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.

A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

For full details of the Rights Issue, please refer to the prospectus relating to the Company dated 16 May 2014 (the "Prospectus") which is available for inspection on the Company's website at www.lamprell.com and at the Company's registered office at Fort Anne, Douglas, IM1 5PD, Isle of Man, save that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to person located in the Excluded Territories.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to such terms in the Prospectus.

skinny - 26 Jun 2014 13:27 - 571 of 709

Results of Rump Placing

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that the 5 for 16 Rights Issue of 81,363,469 New Ordinary Shares at 88 pence per New Ordinary Share announced on 16 May 2014 closed for acceptances at 11.00 a.m. (UK time) on 25 June 2014. The Company received valid acceptances in respect of 78,528,325 New Ordinary Shares, representing approximately 96.52 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.

Following the announcement earlier today by Lamprell regarding valid acceptances in respect of 78,528,325 New Ordinary Shares, representing approximately 96.52 per cent. of the total number of New Ordinary Shares offered to Qualifying Shareholders pursuant to the 5 for 16 fully underwritten Rights Issue, the Company announces that J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) and HSBC Bank plc, in their capacity as Joint Bookrunners and Underwriters, have procured subscribers for the remaining 2,835,144 New Ordinary Shares not validly taken up in the Rights Issue, representing 3.48 per cent. of the New Ordinary Shares, at a price of 146 pence per New Ordinary Share.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Rights Issue Price of 88 pence per New Ordinary Share and the expenses of procuring subscribers) will be paid to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.

Accordingly, neither the Underwriters nor the sub-underwriters will be required to subscribe for any New Ordinary Shares.

For full details of the Rights Issue, please refer to the prospectus relating to the Company dated 16 May 2014 (the "Prospectus") which is available for inspection on the Company's website at www.lamprell.com and at the Company's registered office at Fort Anne, Douglas, IM1 5PD, Isle of Man, save that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to person located in the Excluded Territories.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to such terms in the Prospectus.

skinny - 27 Jun 2014 07:03 - 572 of 709

Nomura Buy 153.50 153.50 135.00 185.00 Upgrades

skinny - 30 Jun 2014 08:00 - 573 of 709

Pre-close Trading Statement

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, issues the following pre-close trading update for the six months to 30 June 2014.

The Group has seen strong operational and financial performance since the start of 2014 with the delivery of four major projects in H1. The Company has also been successful in converting its bid pipeline with two rig orders from Ensco and Shelf Drilling respectively and the recent contract award from Petrofac for modules to be deployed in Abu Dhabi.

Operational performance is being driven by a number of factors, notably the strong project execution in all four of the major projects delivered in H1 2014, which has resulted in those projects being delivered ahead of budgeted margins. This has also been supported by some early savings from productivity improvements being implemented across the Group. As announced previously, we expect to start seeing the benefits from these initiatives during the course of 2014 although the full run rate is not anticipated to be achieved until late 2015. We have also seen improved performance in 1H 2014 in our land rig services business.

In addition to this strong operational performance, we have taken steps to reduce our overheads following the delivery of the four major projects earlier this year and we continue to look for opportunities to reduce them further.

During the period, the Group has successfully completed the Rights Issue announced on 16 May 2014, and expects to complete the associated debt refinancing during the course of July.

As a result of the above, the Company now expects earnings for the year as a whole to be ahead of expectations although this will be heavily weighted towards the first half of the year. Our bid pipeline remains strong and we remain focused on the conversion of our pipeline of opportunities into further contract wins.


- Ends -

skinny - 01 Jul 2014 12:44 - 574 of 709

Investec Hold 157.13 155.50 155.00 160.00 Reiterates

skinny - 01 Jul 2014 12:57 - 575 of 709

Director/PDMR Shareholding

HARRYCAT - 01 Jul 2014 13:42 - 576 of 709

I'm aiming for somewhere around the 170p-175p level, so the brokers can put what they like!

skinny - 16 Jul 2014 08:30 - 577 of 709

Pru from 12% --> 11%
Register now or login to post to this thread.