Shares down 7% today. Why? No news, anyone know anything? POO up, so why isn't LAM?
Re: LAMPRELL Positives Coming fast. On faster communications, my email is my user name at me.com
Re: LAMPRELL Positives Coming fast. The best way to get hold of this system is to buy "New Blueprints for Gains in Stocks & Grains and One Way Formula for Trading in Stocks & Commodities" by William Dunnigan, published by Harriman House. It's two books in one. The bit you want is page 203-241.It's £30 but if you've got membership of the STA you get a 25% discount.[link] system is based on pure price movement. No oscillators in 1957. I think it could be modified or maybe enhanced using ADX and moving avgs, but I'm still trying to get to grips with its core signals which are based on highs, lows, ranges and closings.
Re: LAMPRELL Positives Coming fast. Never heard if it Pen I'll have a read . Will work tomorrow on my charting for the week ahead . We need to setup a faster way to communicate
Re: LAMPRELL Positives Coming fast. Yes, TCG could be on the move. Looks promising.Have you come across William Dunnigan's One-Way Formula? It's a trend following trading system. I'm trying to get my head around it, but difficult. First published in 1957. then, Dunnigan had about forty years of trading with his own hand drawn charts!
Re: LAMPRELL Positives Coming fast. very good job Penhome ! We need a quicker messaging system as the congestion that saw the break out at 75p was a great spot . I wish I had my eyes open on this too as I had been tracking Lamprell for ages and then took my eyes off it Similar situation on Thomas Cook ?
Re: LAMPRELL Positives Coming fast. LAM Lamprell Oil service And equipment.Chart looking very positive.[link] ratios</u></b>Normalised P/E ratio5.984Profit margin4.304%Gross margin14.18%Operating margin8.919%EBITD margin£75.79MPre-tax margin4.366%
LAMPRELL Positives Coming fast. Looks like things are looking up............<b>Saudi Arabia's maritime complex seen costing over $5 bln minister27 November 2016 18:22</b>DHAHRAN, Saudi Arabia, Nov 27 (Reuters) Saudi Arabia expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5.33 billion), energy minister Khalid al-Falih said on Sunday."Construction will start in 2018, production in 2022," Falih who is also chairman of Aramco told reporters at the company's headquarters in Dhahran.The government will finance the infrastructure of the complex such as dredging and other work as it did with other cities Jubail and Yanbu that have become major industrial hubs.Ras al-Khair is itself turning into a major mining hub where Ma'aden has built an aluminium complex and phosphate facilities.<b>The maritime complex is a joint venture between Saudi Aramco, Saudi Bahri, South Korea's Hyundai Heavy Industries and</b> <b><u>Lamprell</u></b> .The project will help generate thousands of direct and indirect jobs, a key part of Saudi Arabia's Vision 2030, an economic reform programme the government announced this year, in which Aramco is to play a big role in developing industrial projects as Saudi Arabia tries to diversify its economy beyond reliance on oil exports.Falih said other partnerships will be forged such as with U.S. Mcdermott company which will make offshore platforms.He was speaking to journalists to brief them on the inauguration by King Salman of oil and gas and industrial projects and a cultural centre. Those projects cost around 160 billion riyals, he said.He said the Sadara joint venture between Aramco and Dow Chemical alone cost as much as 80 billion riyals.Among the projects that Saudi Aramco has completed are the Khurais oilfield which has a production capacity of 1.2 million bpd, Shaybah whose production has reached 1 million bpd after recently completing an expansion and Manifa's 900,000 bpd.Aramco is working on expanding capacity at Khurais to 1.5 million bpd, seen on stream in 2018."The production capacity of oil projects that the King will inaugurate exceeds or is around 3 million barrels per day." Saudi Arabia's maximum sustainable production capacity stands at 12.5 million bpd, Falih reiterated as the additional capacity was just replacements for mature oilfields.(Reporting by Reem Shamseddine, editing by David Evans) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: firstname.lastname@example.org)Keywords: SAUDI ARAMCO/MARITIMECopyright 2016 Thomson Reuters Ltd. Click for restrictions
Contract win - again. And a really big one this time - $225m. Should a power of good for the bottom line in due course.
Contract win ! - just when you didn't expect it, along comes a pretty useful contract win. That's given the sp a bit of a lift.
Re: Quite on here... .recent lows ? It's certainly not getting better. The two new rigs they are finishing are going to an owner with 16 stacked rigs, at least another 10 looking for work and 5 billion of debt. Something tells me they are going to try quite hard not to take delivery.
Re: Quite on here... .recent lows ? Ex long termer here. Been watching and wondering about LAM, but that is a stomach churning set of interims. The big freeze finally biting and management seeing difficulties well into next year, and they can't possibly predict that would be the end of it.Often on the markets you have to ignore the panic and see the long term, but they seem to be burning cash suddenly and management are warning of tough times. Maybe during this period they need a rescue rights issues or some other significant capital raising diluting pi's.I find it impossible to value at present for the long term. Will they even survive intact.I read Singapore is awash with abandoned oil exploration vessels.
Re: Quite on here... .recent lows ? I am a Long Term holder.......Can I ask the reson why you jumped in now? Ripley
Re: Quite on here... .recent lows ? In @ 67 yesterday.