| 15:43 24/05/2012 | Re: Some positive news....... |
| Wonder if this warrants and RNS Later or in the morning? From memory, this should release some cash to pay down loans. M By M33 Investor |
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| 15:15 24/05/2012 | New to this board |
| Good Day Gents.. Read all the posts and other stuff so took the plunge today. By Daxies |
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| 13:21 24/05/2012 | Technical upgrade |
| Technically, ALM is upgraded to buy with the 308.64 target price in six months. Check here: "http://uk.stoxline.com/q_uk.php?s=lam" By doudaibk |
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| 13:15 24/05/2012 | Re: Some positive news....... |
| Seajacks site, and the vessel Zaratan http://www.seajacks.com/zaratan.php By illbetabuck |
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| 13:12 24/05/2012 | Some positive news....... |
| http://renews.biz/story.php?page_id=70&news_id=1935 Seajacks collects Zaratan jack-up: "Lamprell has proven itself as a premium and reliable shipyard and we are pleased to be marking this event with them once again," said Seajacks UK managing director Blair Ainslie. By illbetabuck |
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| 18:14 23/05/2012 | Re: UT 103 |
| Pretty good today, considering it went ex div for 5p, and the general market was a bit of a bloodbath. By illbetabuck |
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| 16:42 23/05/2012 | UT 103 |
| Better than expected... other than early trading run into 90s sp has been pretty constant at 102-103 levels. There's hope yet for poor old battered LAM  By rollthediceagain |
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| 11:12 23/05/2012 | Re: oceanfree |
| Kevin Isles: "Kevin has overall responsibility for the day-to-day management of the Sharjah Facility and manages the execution of all the projects undertaken there." So there is no way he could possibly have known about delays in projects caused by the lack of supplies, or indeed that hundreds of staff were swinging their dicks..... Simple really. ;-) Scott Doak: "Scott is the Integration and Development Director" Again, it is clear that he could not possibly have known that staff were idle and that supplies were delayed, thus delaying project delivery dates, less so than Kevin, who actually runs one of the main sites. Very simple really, in no way could either of them had been the slightest bit aware of the problems that Lamprell was having as a result of supply issues, nor the impact that they would have on the business. ....and if the above is all true, then the company should probably have shown them the door for NOT being aware of what was going on. All that said, I bought shares yesterday, and have bought more again this morning. Noting that the Independent Non Exec bought shares, and noting that as the independent board member he should be looking after the interests of shareholders. Hopefully he will persuade the company to 'do the right thing'. ;-) By illbetabuck |
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| 10:45 23/05/2012 | oceanfree |
| Thank you for your posting. I am myself wondering how the two directors who sold shares just two weeks before the profits warning can keep a straight face when they tell the FSA that they did not notice that between 1500/1750 were idle because of supply problems. By sheffieldowls |
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| 10:36 23/05/2012 | Re: Situation at Lamprell |
| 1. Gov to pour billions, not millions, into erecting giant wind turbines in North sea. Lamprell can have a field day now they know how to build high tech turbine installation ships. 2. You should not judge people by appearances, but from his pic in the annual report, Mr Lamprell looks a tough well seasoned guy who won't suffer fools, or the destruction of his business, easily. Mr McCue on the other hand makes me want to beat the screen with a rotten banana. Does this make me a bad person? By MoleMan99 |
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| 9:16 23/05/2012 | Situation at Lamprell |
| There was an analysts call on black wednesday last week which I have listened to. The situation they explained was that Lamprell build LeTourneau (spelling?) rigs. The high oil price means a lot of these rigs are being built round the world and Lamprell has the most on order in the world at the moment. Lamprell purchase kits of key parts from LeTourneau. LeTourneau have got delivery problems - but they have recently been purchased by Cameron who are dealing with the issues, ramping up and moving production. Cameron have committed to resolving issues within 6/12 months and are apparently giving Lamprell some priority as their largest customer for these rigs. The effect of this is that apparently 1500/1750 people have been idle ( I guess the directors who sold shares did not notice this!!!!) and work in the yard is going out of sequence. They say that no delivery dates should be missed - but there is considerable build inefficiency. Milestones may be delayed which has the effect of delaying recognition of revenue. The only way I can understand it is to think that they are waiting for key components now and have labour idle - but later on when the parts arrive they will have to hire more to blitz the jobs for the due dates. They said that the two latest rigs announced recently were sold with a longer build cycle than usual because Lamprell were aware of delays - and then got themselves muddled when trying to explain they only became aware of delays in the last few months, I mean weeks, mumble mumble. In addition, there has been about a 5million cost over-run in getting some high-tech gear to function on the new liftboats - but they have been completed on time. The management came over badly on this call - with outside our control, only recently aware type comments - but I am sure the company will sort itself out and I am a buyer at these prices. Indeed I notice a non-exec is buying now too. Mr Lamprell is probably a resourceful man to build up a business like this - with shares worth £300M last week and £100M this week, I imagine he might be taking some action to kick a55. Lets hope it turns things round. By oceanfree |
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| 8:24 23/05/2012 | 12-month growth |
| ex-div today, STRONG BUY at c98p. Can't be sure this is right at the bottom, but I fancy a twelve-month hold with a good chance of doubling to 200p by May 2013. By flipdalid |
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| 8:01 23/05/2012 | Ex Div day today...... |
| .......so expect a 5% drop to allow for the 5p dividend. By illbetabuck |
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| 7:59 23/05/2012 | Director puts hand in pocket....... |
| Senior Independent Non-Exec Colin Goodhall, buys 44,155 shares (just shy of £50k). Some good news I guess. ;-) By illbetabuck |
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