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BUZZ-Lamprell: rig maker doubles profit

Thu, 19th Mar 2015 09:20

** Lamprell jump c.14 pct, poised for biggestone-day gain since Jan 2013 in solid volume after oil rig makersays 2014 pretax profit more than doubled due to a steady streamof delivery projects and cost efficiencies

** Lamprell's performance contrasts with that of many otheroil-related stocks, amid moves sector wide to cut capex and putprojects on hold in face of oil price rout

** Co however reiterates weak outlook. It had warned inJanuary that revenue for this year would be 10 pct belowexpectations, as the oil slump had hurt its ability to securenew business

** Stock touches high of 119.25p ($2), moving ahead of meanTP of $1.97 analysts have on it according to Reuters data ($1 = 0.6753 pounds) (RM: esha.vaish.thomsonreuters.com@reuters.net)

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3 May 2016 14:44

EXTRA: Lamprell Fails To Find New Chief After Nine Months Of Searching

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3 May 2016 06:56

Lamprell Chairman, CEO To Remain Until End 2016; Jobs To Be Cut

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29 Mar 2016 13:52

Broker tips: Next, Lamprell, Hansteen

(ShareCast News) - Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week. It said the 15% drop in the share price leaves Next on a 7% discount to the sector which seems like an over-reaction. DB said that

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29 Mar 2016 09:17

Lamprell slides on Canaccord downgrade

(ShareCast News) - UAE-based oil rig maker Lamprell was under the cosh after Canaccord Genuity cut its rating on the stock to 'hold' from 'buy' and slashed the price target to 95p from 150p saying the company's transformation has stalled. The brokerage said that while there is a large medium-term op

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29 Mar 2016 08:31

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades easyJet To Buy

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24 Mar 2016 09:32

BROKER RATINGS SUMMARY: JPMorgan Starts Countryside At Overweight

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23 Mar 2016 07:57

Lamprell Warns Revenue To Drop Further In 2016 As Profit Falls In 2015

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16 Mar 2016 16:06

Earnings, Trading Statements Calendar - Week Ahead

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8 Feb 2016 09:36

BROKER RATINGS SUMMARY: Goldman And Nomura Cut Oil Services Stocks

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26 Jan 2016 09:43

BROKER RATINGS SUMMARY: UBS Upgrades RBS To Buy From Neutral

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26 Jan 2016 08:26

Lamprell Signs Agreement To Create Maritime Complex In Saudi Arabia

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4 Dec 2015 09:33

BROKER RATINGS SUMMARY: Barclays Downgrades Whitbread To Equal Weight

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3 Dec 2015 09:39

BROKER RATINGS SUMMARY: Goldman Ups Next, Cuts Primark-Owner AB Foods

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2 Dec 2015 09:36

BROKER RATINGS SUMMARY: JPMorgan, UBS And Barclays Like Ibstock

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27 Nov 2015 07:48

Lamprell Jacks Up Staff By 1,500 Amid Big Volume Of Construction Work

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