apologies, that was meant to have read H1 2013 & not "H2" - regular readers here would have noted the error i'm sure. atb
Lam is based in a port where i am mobilising for another job, compared to 6 months ago the place seems really active. Of course because of the sheer scale of the projects you can see it from beyond the facility, i have not actually walked around inside as yet. It does feel though that the company is definitely in a much more positive state.
I've been away on business so haven't posted for a while. I'm more then comfortable just to hold my stock for a return to previous price levels & establishment of a healthy dividend stream (something Institutions will be looking to as well). The shareprice appreciation is in accord with the overall recovery that the Company's undergoing. The official company statements have been consistent & unequivocal on that point, which strongly reiterates the viewpoint of those with a more immediate exposure to operations. I'm looking towards a 200p+ price level within H2 as I've mentioned several times previously & note quite rightly deanowls point of unannounced incremental work that's undertaken. I also concur with SilverWolf on an eventual return to the 400p+ level,s contingent on the consistency of the recovery playing out & importantly within the context of an extended timeframe. Confidence 'within' the company is extremely positive at this moment. Atb to my fellow Lamprell holders.
Was the walk around as part of work?, are you going to the AGM next week?
They also do a lot of other work that will be incremental but not announced, have a look at their website and their in house magazine.
i know i have always been the optimist here, and dont post much but sitting on well over 100% since the ridiculous 70p days months back, and extremely happy with the progress within the company. Was lucky enough to walk around the facility and see one of the current platforms being constructed, it is HUGE! really does look busy at the moment. My goal was for LAM to break 150, at this point i see a solid enough platform for steady recovery and so far LAM is delivering. Still plenty of upside to get back to the 400p + days, lets just hope they can manage this slow & steady now and make sure that they learn from the past.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.