Member Info for bonum

What I can confidently say is that Lamprell are moving forward strongly regarding the recovery - very promising progress on several fronts in respect of the bidding pipeline that they refer to. That's why i largely ignore any daily fluctuation with a view towards the price appreciation back to previous levels. No doubts for me that will happen. atb

http://www.investegate.co.uk/lamprell-plc--lam-/rns/directorate-change/201304291200034516D/ That was meant to have 2 from BP & 1 from Shell (querty) ;) atb

Thanks Sheffieldowls. I think we should have news on some excellent new members of the BOD coming our way. My guess is 2 from NP & one from Shell - but just a guess of course ;) Reiterate what I've been saying about the price recovery here & further contract acquisitions atb

n/m

What's materially relevant is that the increased drawdown facility made available, facillitates the maintenace of the turbines prior to final sale - that will come. Until then, have a nap if need be (probably the best course of action,lol) until the ineviatble RNS confirming conclusion of the sale. atb

http://www.investegate.co.uk/ipsa-group-plc--ipsa-/rns/increase-in-working-capital-loan/201304261415113706D/ A greater level of security with an increased drawdown contingency until the completion of the turbine slae & following on from the initial Bluestone deal. All shaping up well & confidence from Bluestone to agree the increase with no other material changes initiated. Now just awaiting the RNS re: sale completion

I think most of the regular contributors / readers of this board respect your opinions & involvement in the stock. I'm sure none would begrudge you or any other regular contributor an opportunity to occassionally digress somewhat from specific discussion of the company. There's certainly progress being made as far as i'm aware & of which the company will notify the market at the appropriate time. I certainly have no concerns about any issues related to Lamprell & in fact watch the price movement infrequently. This is an extremely well positioned investment imho so will await the official RNS confirmation regarding progress which is taking place. atb

Quick reply as I'm not actively watching the markets atm but just letting the well placed investments come to fruition on their own. Regarding the timescale, our best estimate is 'within' the 90 days as part of the Bluestone arrangement and as per the 27th March RNS. Although technically that could be extended by mutual agreement, its reasonably expected for a resolution within that timeframe, hence why why originally specified and with multiple potential bidders involved. The 23p is a worked price target and provides a benchmark figure to assess the stocks potential for price appreciation. It may be reached, surpassed or fall short as price targets for other stocks do. However, what it clearly highlighti is how undervalued the stock looks at present (being heavily risked on the successful turbine sale) and the very real potential for a major, multiple upside move. As I've made the point before, the turbines WILL be sold & the resultant price appreciation should be heavily exacerbated by the relativelt few shares in issue as the downside movements been with previous delays. Buy, hold & wait for the inevitable confirmation of sale imho - the day for IPSA holders will come. atb

The reason many of us are invested & prepared to wait the turbine sale is the massive upside potential from current price levels. Those turbines WILL be sold & we currently have multiple parties at the negotiating table as well as the short term funding situ resolved. The worked calculations aren't mine & are based on the Results sep 2012 - They do give a indication of where the SP could go, especially with significant increase in capacity & demand expected over the short, mid & long term timeframes. "Once the sale of the remaining turbines is (inevitably) finalised, it will be the trigger for a major rerating, which will make it debt free company, and will have surplus of cash after the working capital requirement. Also, since the plant in south africa is already generating revenue, it is expected that it will be in profit/cash positive later in the year (ie no more fundraising/placing) calculation: the remaining turbine sale total proceeds = GBP 19.4m proceeds Will be used to pay off all debts totalling = GBP 15.8 (page 4 of the report) so, the company will have assets (and debt free) worth = net cash after sale of turbine = 19.4-15.8 = GBP 3.6m = other assets (property/plants) FMV worth = GBP 9.7m so, total assets 3.6+9.7 = GBP 13.3m and this excludes any attributable valuation to its revenue being generated by its operation in South africa, which in itself could be worth 10p more (i havent done any proper calculation on revenue in south africa). so, total value of IPSA would be 13.3m+10m = GBP 23.3m (will be higher should they ramp up revenue in the plant) while current market cap only around GBP 3M (at 3p sp) This will rerate majorly once the sale of turbine is finalised and the company is debt free. based on Interim result sep 2012 http://www.ipsagroup.co.uk/images/Interim_Results_2012.pdf

Things have changed in Lamprell since then & much greater level of transparency as well as the potential for upside movement from current price levels. atb

Thank you for that & this boards a good one for sharing knowledge & opinions, especially from respected, long term posters like yourself, wobbly & notable others. Regarding myself, I have a background in International Trade & Management with a reliable contact base specifically within the region & sector that Lamprell operate in. That's why I'm positive of the major opportunity that the stock holds at this particular time and resulting in the further buying which i've undertaken over the last couple of weeks. Like yourself, I don't 'need' to actively participate in the stock market but find it a stimulating environment to apply any skills, experience & sector specific knowledge that i may have. Atb to you

bad day across the markets period, rather then 'picking up opportunities' elsewhere. There's been a broad market sell off due to the lower then expected China GDP figures as can be witnessed by observing a diverse equity stock watch. The price here will be move more sharply on a such a day due to the relatively few shares in issue & conversely have a much more pronounced positive impact on good news / overall risk on sentiment. The underlying investment case remains the same with short term financing issues resolved thru the bluestone agreement & a near term conclusion of the turbine sale expected (as a condition of the bluestone deal & reiterated in the company statement). An excellent buying opportunity off the macro market induced dip imho but dyer as always

People are just asking you to substantiate your opinions / exclamations whether they concur or not with anybody else's. With that in mind it can be noted that the markets sold off across the board due to the lower then expected China GDP figures (I noted that this morning & the resultant asian market selloff overnight, hence didn't even bother to switch on my screen). Still a good 7.7% but short of the expected 8%. I doubt anybody here, regardless of 'experience' guaged that 0.3% shortfall. I constantly refer to macro factors (sometimes ad nauseum) but I believe they're the primary factors affecting the Lamprell share price on a daily basis at this particular moment - I doubt that will be the case for long withI believe specific contract news supplanting any macro economic influence. We had the sharp drop on US payroll figures over a week ago followed by renewed buying of equities and I'm looking for the same sort of market recovery to underpin an overall uptrend & beyond any daily fluctuation. Also a good point that ocean free makes about the state of short positions & the possibility of a 'short squeeze' situ. atb

The FYR were at the height of the uncertainty surrounding Cyprus, so not really surprising we saw a drop off that level. We also saw a drop in the ftse today amid some lower then expected economic data out of the US, so todays dip pretty much in line with macro sentiment. Hence we need to look at wider market direction & sentiment along with the factors you quite rightly mention. The Company have already indicated strong support & progress regarding financial restructuring as well as the strong bid pipeline & confidence for future contract acquisition, of which i'd expect near term news. That's why I often as not ignore daily price movements to let the bigger, recovery picture (for the wider market as well as Lamprell) play out. http://money.cnn.com/2013/04/12/investing/stocks-markets/index.html atb

re: 130p - contract news should see a re-rating of the stock upwards as well as furtherbroker upgrades. That should be underpinned by a wider market recovery anyway with the recent drops testing the strength of sentiment linked to the major indices. Many used those large 1 day drops (such as when the US payroll figures were released last week) as opportunities to buy, hence strenthening the bullish sentiment entering the equity markets. Many investors are still on the sidelines looking to re-enter equities so a recovery stock like lAM should do very well in such an environment. US Market data looking strong with Dow & S&P near record highs http://money.cnn.com/data/markets/

A bit too early for you to make such bold statements imho, but i certainly do wish you luck with your journey through the markets. atb

"Near term completion" as within the 3 month period of the finacing agreement with Bluestone Securities. As we know, the Company were in current talks prior to that arrangement, so must have a good idea on the timeframes involved & reasonably expected to give themselves a degree of leeway within those. Obviously we'll need confirmation from the Company itself. atb

I think you'll find you may have been extremely premature with that sale atb

This is his post from last friday on the CEY board & looks to be an 'enthusiastic' trader with market experience primarily gained thru a dummy trading account over a few months. "21% in 3 months on my virtual portfolio. Today is thend of my first moth and this stinker has dragged me down a shade over 6%. Ive got a tough month coming up to recuperate from this" http://www.lse.co.uk/member-info.asp?page=3&nick=JMZatman95 Martzman, I hope you continue posting but at least endevour to substantiate your thoughts, whether they're contrary or in accord with the general concensus. Good luck with your live account though

That's why I think the much more likely scenario is for a near term completion of the sale within the original contractual period of 3 months & taking into account the talks thatwere already ongoing at the time of the 15th feb rns. Worth waiting for, given the company making nature of the eventual sale conclusion anyway atb