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Thursday broker round-up UPDATE

Thu, 10th Apr 2014 09:23

AMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered.Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add.Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating.Capita Group: Deutsche Bank raises target price from 914p to 1091p and retains a hold recommendation.Compass Group: Panmure Gordon increases target price from 900p to 1100p and upgrades from hold to buy.Dragon Oil: Goldman Sachs lowers target price from 766p to 755p, while upgrading to buy.Faroe Petroleum: Panmure Gordon moves target price from 190p to 200p and stays with its buy recommendation.Gulf Keystone: Canaccord Genuity lowers target price from 100p to 95p and reiterates a hold recommendation.Hays: Panmure Gordon ups target price from 124p to 151p reiterating a hold recommendation.Kenmare Resources: Panmure Gordon lowers target price from 32p to 26p and reiterates a buy recommendation.Kirkland Lake Gold: Investec downgrades to hold with a target price of 200p.Lamprell: Investec lowers target price from 155p to 150p and reiterates a hold recommendation.Legal & General Trust: Canaccord Genuity shifts target price from 215p to 220p and maintains a hold recommendation.Oxford Instruments: Investec increases target price from 1400p to 1500p and maintains a hold recommendation.Pearson: Liberum Capital reduces target price from 815p to 660p and stays with its sell recommendation.Petrofac: Canaccord Genuity downgrades to hold with a target price of 1500p.Polar Capital: Numis cuts target price from 500p to 480p and retains a hold recommendation.PZ Cussons: Numis lowers target price from 376p to 364p keeping a hold recommendation. Panmure Gordon cuts target price from 430p to 400p maintaining its buy recommendation.888 Holdings: Investec shifts target price from 185p to 190p and keeps a buy recommendation. Canaccord Genuity moves target price from 190p to 200p and retains a buy recommendation.
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Lamprell signs MoU with NOV on windfarm project

(Sharecast News) - Lamprell said it had agreed a Memorandum of Understanding (MoU) with energy services company NOV to support its delivery of three 1 gigawatt (GW) offshore floating wind farms for Cerulean Winds, the UK-based floating offshore wind farm and green hydrogen infrastructure developer.

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29 Mar 2022 09:45

IN BRIEF: Lamprell delays 2021 results on financing search

Lamprell PLC - Isle of Man-based fabrication, engineering and contracting services provider for the oil and gas industries - Delays the publication of its 2021 results as it continues to look for potential financing and strategic options. Company explains its financing strategy includes additional equity, monetising assets and project specific financing, including small working capital facilities with Saudi banks and hybrid facilities. It aims to conclude these option in the second quarter of 2022.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Feb 2022 18:22

IN BRIEF: Lamprell shares sale on notice to proceed on Saudi contract

Lamprell PLC - Hamriyah, United Arab Emirates-based provider of oil field services - Receives limited notice to proceed from Sausi-based contractor Bas Global Marine Services ahead of an expected contract award in the second quarter of 2022.

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18 Feb 2022 13:04

Lamprell gets notice to proceed with Saudi contract, shares shoot up

(Sharecast News) - Lamprell shares shot higher on Friday after the company said it had received a limited notice to proceed (LNTP) from Saudi-based contractor Bas Global Marine Services to go ahead with a new contract, which is expected to be awarded in the second quarter.

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18 Feb 2022 11:09

SMALL-CAP WINNERS & LOSERS: Lamprell rebounds; Dignity slips again

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16 Feb 2022 10:47

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7 Feb 2022 08:43

Lamprell warns over pandemic hit, shares slide

(Sharecast News) - Lamprell tanked on Monday after it reported a jump in full-year revenue but warned that its financial performance has been affected by higher costs associated with the pandemic.

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29 Oct 2021 07:46

Lamprell raises $30.1m following 'significant growth and recovery' in addressable markets

(Sharecast News) - Construction and fabrication firm Lamprell said on Friday that it had raised $30.1m by way of an accelerated bookbuild in order to address near-term working capital needs, strengthen its balance sheet and take advantage of "significant accessible opportunities" available in its addressable markets.

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25 Oct 2021 09:24

Lamprell wins rig conversion contract with BWE

(Sharecast News) - Lamprell said on Monday that its oil & gas business has won a "major" rig conversion contract with BW Energy (BWE).

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5 Oct 2021 08:36

Lamprell agrees $45m trade loan facility with two regional banks

(Sharecast News) - Lamprell updated the market on its funding on Tuesday, reporting that it has agreed, in principle, the structure and commercial terms of a $45m (£33.04m) UAE Export Credit Agency-backed revolving trade loan facility with two regional banks.

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31 Aug 2021 09:00

Lamprell updates on balance sheet recapitalisation efforts

(Sharecast News) - Construction and fabrication outfit Lamprell issued an update on progress made towards the recapitalisation of its balance sheet on Tuesday.

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3 Aug 2021 07:33

Lamprell makes 'solid progress' in H1, FY EBITDA seen at 'broadly breakeven'

(Sharecast News) - Construction and fabrication specialist Lamprell said on Tuesday that it had continued to make "solid progress" on all projects despite the ongoing Covid-19 pandemic and related supply chain bottlenecks.

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