Its a Florida based source referring to circling vultures is all I can say. However from memory I think the Times or Torygraph about 6 months ago mentioned American Movil. Telefonica have also been mentioned and London brokers refer to a rumour that it could be an interesting titbit for Verizon whilst they decide what to do over the 50% Vodafone interest. Then there are several other Latin American players so CWC is on a lot of cash rich company radars at present
same situation as March.these things take time and exchange rates play a part. Sure we can agree they are not in play yet but I understand at least 2 companies are quietly looking them over . Watch for any sudden dollar strength as that could trigger a move.
As you say Antipasti is building. Lets hope the main course is a bigger helping of profits resulting in an increased cover price for the Menu [ Sorry but couldn't resist it :-]
Should climb higher if next results continue GGs good work
I hear they are being sized up with a view to an offer for the Company before the share price recovers
Wot still no orders. We will be going backwards unless a biggie is announced soon
Have we booked any orders?If not why not?
Nothing official yet. This is a people business with lots of skilled sales people who have for years been encouraged to buy shares. I don't think they can afford to demoralise and upset the vast majority of the workforce and suspect there will be some value for shareholders
Dont believe all the B S on these boards. Predictions of imminent news is an old trick to look good. Its called statistical reality reinforcement odds e.g I predict The Duke of Edinburgh will die soon [ At 90+ there's a 65% chance this year and it makes me look like I can forecast the future or have an inside track ] The stock should be back above £2 one day soon but it needs to announce big contract wins, something it has not done for months which is why the BS ers are predicting it soon without any actual knowledge. If it doesn't receive more contracts soon the price will drift down and the analysts are divided with some thinking its presently overpricing work in a declining oil price market and others thinking its captive market will place big orders soon. I wouldn't believe all the analysts say and believe me they are probably 1000% better informed than most of the junk you read on bulletin boards. Good Luck
Trouble in paradise: Shareholders flex muscles at Lamprell's annual Dubai meeting with a quarter voting against rewards By PETER CAMPBELL PUBLISHED: 23:31, 28 May 2013 | UPDATED: 23:31, 28 May 2013 1 shares 1 View comments Embattled Lamprell suffered a rebellion by more than a quarter of voting investors at its annual meeting. The gathering, which is shareholders’ chance to question the oil services group’s management over performance, was held in Dubai on Bank Holiday Monday. In the ballot 26 per cent of investors refuse to back the group’s pay report. Stormy: Senior management at oil firm Lamprell faced criticism over the company's failings During 2012 the company (up 8.5p at 161p) issued five profit warnings and shares dived by 60 per cent, leading to a boardroom clear-out. Chief executive Nigel McCue, finance director Jonathan Cooper, operations boss Christopher Hand and chairman Jonathan Silver all left during the troubled 12 months. McCue, Cooper and Hand only received half of their notice pay. But their replacements were not enough to quell shareholder anger over the company’s affairs. More... INTERVIEW: As Shell faces price-rig probe, its UK boss Ed Daniels backs an overhaul CITY FOCUS: Osborne under scrutiny over Co-op crisis having approved the disastrous sale of Lloyds branches to the mutual Shareholder advisory group Pirc previously voiced concerns that the incentive targets for executive reward schemes were too easy to hit, and counselled investors to abstain from voting on the pay report. Lamprell always holds its annual meeting in Dubai to suit founder and largest shareholder, Steven Lamprell, it said. Read more: http://www.dailymail.co.uk/money/markets/article-2332402/Trouble-paradise-Shareholders-flex-muscles-Lamprells-annual-Dubai-meeting-quarter-voting-rewards.html#ixzz2UlLTIje9 Follow us: @MailOnline on Twitter | DailyMail on Facebook
Guys there's an icon above that says CWC Financial Diary. Click on it and it will confirm 29TH and other useful information
SORRY 4bn plus order pipeline
Brokers who also have contacts clearly have negative feedback. Thats why the share price has fallen. Law of averages dictate they NEED to book some orders soon or the new Management will be viewed as a failure as regular large orders should be expected with a 4BN plus order book.GLA
Looks like competent management with a long term strategy. Can see this kicking on to 50+ if the market continues to be strong
Agree with most of your sentiments BUT cannot see any price hike until they announce new orders. Broker sentiment is clear - Competition growing- mature market- margins under pressure - high fixed costs. I actual expect this to go to £4 long term if they get the strategy correct and stop being busy fools. I suspect the lack of new orders is because they have increased their margins and they need to demonstrate profitable growth before the price can kick on.GLA
Lamprell drops 5.6 percent, making it the second-top faller on the FTSE Small Cap index, as both Investec Securities and Liberum Capital downgrade their ratings on the rig maker following last week's trading update. Investec, whose recommendation moves to "sell" writes in a note: "In our view the current rating ignores the risks to Lamprell's domination of the regional rig refurbishment market and competitive pressures on the aging new-build offering. We see less risky recovery stories in the sector." Liberum, which moves its rating to "hold", partly cites valuation grounds for its downgrade, with Lamprell's shares having leapt around 70 percent this year, recouping a loss of around the same in 2012. Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net
Lamprells $1.2 billion order book equates to $100 m per month. In short with high fixed costs it needs to announce some big new orders from its pipeline soon or it will start going backwards!!!