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.

Well spotted skinny. Will have do dig around for some spare cash, but looks good.

Results look to be released about end of march, so looking even more attractive up to that date.

Yes - it was the chart that caught my eye and the directors buy - Director/PDMR Shareholding

Another Director purchase of 28,128 shares

Doesn't seem to want to hold above gap. Hoping for another try soon.

it's a generally weak day, and still crude keeps falling
i think the director's purchase, albeit quite small, is worth noting as it must have been just before the closed period cuts in

for obvious reasons, oilies and the support companies have been totally hammered of late, but i concur that crude prices should start to move gently upwards some time during 2015 as supply and demand match up once more

120p seems easily achievable in the near future. Small steps!

Looking good today - CIU news probably helping.

Bought half a shed full over the last couple of days.

Someone has been dumping stock over the last few days presumably because oil price has been on the slide but more importantly it's results tomorrow and they want out.

Chairman has spent a million quid buying into this and I'm in at a price lower than him so I'm happy. Other directors bought recently too.

I bought on that gap closure so am smarting atm.

CIU should help today?

Final Results

Highlights

Exceptional financial results
· Excellent financial results driven by robust operational performance, favourable phasing of project cycles and supported by early savings from productivity improvements
· Revenues broadly flat against FY 2013 as expected
· Record profit levels for 2014, only two years after the challenges of 2012
· Rights issue and refinancing successfully completed, putting the Company in a position of relative strength during current period of industry and market weakness

Strong operational performance and project execution
· Delivered nine major projects in a single year, a record for the Group
· Delivery of three further jackup rigs to largest client, National Drilling Company, strengthening client relationship and leading to additional jackup orders in November 2014
· Record-breaking 13,200 tonne production utilities and quarters deck delivered to Nexen with ten million manhours completed without a day away from work case
· Orders for six new build jackup rigs won during 2014 with top tier clients
· Backlog of US$ 1.2 billion at year-end (31 December 2013: US$ 0.9 billion) with bid pipeline at approximately US$ 5.2 billion at 31 December 2014 (31 December 2013: US$ 4.7 billion)

Delivering on our strategic objectives
· World-class safety performance, achieving highest safety standards in Company's history
· Leveraging our key strengths to diversify client base with major awards from new top tier clients
· Project Evolution progressing well with initial savings realised
· Organisational restructuring implemented generating overhead reductions
· Maintaining our focus on core markets, with long-term goal of broadening addressable markets
· Disposal of a non-core service business completed with a second nearing completion

Current trading and outlook
· Oil price decline has led to falling oil & gas and renewable energy capex
· Focus remains on conversion of bid pipeline, with awards for some projects delayed
· Six new build jackup rig orders, a large piperack module project and a number of minor refurbishment projects currently underway and progressing well
· Options for additional rigs from Ensco and NDC extended to Q4 2015 and Q2 2015 respectively
· Adjusted revenue coverage at approximately 80% for the year, affirming earlier guidance for 2015

That's one opeing gap - well timed CC.

Lovely when a plan comes together. I have been watching this for months.

Now unfortunately I haven't done half as much research on where to close this trade.

Does anyone understand the 5 year chart and the big gap down a couple of years ago?

WAS THAT INSIDE INFORMATION?
buying shares 2 days before results

Director Deals - Lamprell PLC (LAM)
John Kennedy, Chairman, bought 18,505 shares in the company on the 17th March 2015 at a price of 101.04p.
The Director now holds 1,601,939 shares.
NOTE: Actual transaction price - £18,697.04

i used to be a great fan of this company, and then of course it fell on very hard times
however, i put some into my sipp a few weeks back as i don't think this is really a trading share
their figures and outlook look pretty good to me given the problems engendered by the collapsed oil price, and an added bonus is that i still think they're a potential t/o target

.

CC this was the cause then - TRADING UPDATE

Have a read for a few pages from here on

Thanks Skinny. I do remember about the directors selling at the peak now but I haven't read the rest of the story before. Doesn't bother me. More than anything I wanted to make sure there wasn't some glitch in the chart.

I have decided to sell out in tranches but still don't have a plan as to where. I will see how the price action develops and where the price of oil goes and decide from there.

I have a view that oil is going back to $60 a barrel over the next year and on that basis I'm in no hurry to sell and happy to see what develops.

Worth a read - Lamprell man buys as profits double