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.

Not particularly Stan - I got inside the spread twice today, when the quoted spread was 0.25p.

Smutty! :o)

From IC web page today -

A total of five profit warnings in six months must be some sort of record. Shares in Lamprell

plunged from 366.5p in May last year to a low of 63p in November. The oil rig maker's woes ranged from slippage on important contracts to late deliveries of vessels. The news flow since has been entirely positive. Talks with lenders were going well and a trading statement indicated plenty of work coming through on rig refurbishments.

Yesterday the company announced the award of a contract, worth in the range of $150m to $170m, to produce a new rig, the second for the same Singapore client. There is an option to build a third, so at least one big customer has confidence in the company. Lamprell will still produce horrendous losses of well over $100m for 2012, while this year will offer little better than a flat result. "The rules of the game are that I am not allowed to shuffle my portfolio mid-year but, if I were a real investor, I would be tempted to take some profits at this stage," Tempus in The Times writes

Kim - I have to take it where I can these days :-)

Lol!

Looking to break 150 - quite a gap above!

Got a chart skinny?

Cheers. What chance of another profit warning any ideas???

Down the pub on the laptop so resources not so good on this tinny thing.

In fact looks like they have had 3 profit warnings looking at them down gaps??

currently very unlikely i would have thought
i think it was actually 5 warnings!!

Looks like all the dirty washing is 'known' - Trading update 21st 31st Jan.

You mean 21st of feb?.

No it was last month.

Similar scenario on CIU.

Sorry I meant 31st January.

Future announcements

Lamprell will announce its financial results for the year ended 31 December 2012 on Thursday 21 March 2013. There will be an analyst presentation held at M:Communications, 11th Floor, Citypoint, 1 Ropemaker Street, London, EC2Y 9AW at 09:00 AM (UK time).

Dont trust cape management anymore.

Looking at LAM tho.

Placed LAM on red hot watch list that chart is too good not to take notice of.

Just worried Im over exposed if Obama or another chump in the US says the wrong thing in the next couple of weeks.

I'd be more worried about this guy!

Skinny....quick PIC breaking out.....unbelievable tight spread.