Member Info for bonum

Hello mate, i mentioned my concerns over the delay a while back & why i havent posted here since. The market wont like the uncertainty so wont be good for the price. As moreforus says the company still hold a non refundable deposit so thats something but a complete sales fundamental to the business going forward ??

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"Lamprell has delivered the jackup rig “Muhaiyimat” to Abu Dhabi’s National Drilling Company (‘NDC’)...." http://www.offshoreenergytoday.com/lamprell-delivers-jack-up-rig-to-ndc-uae/

I mentioned delivery of this rig to oceanfree last week. We've also got the bank covenant waivers which are essentially sorted & news of further contract as part of the $4 billion current bidding pipeline - watch this space! The 150-200p was a very conservative estimate as i expect we'll start seeing institutional money also moving heavily into the stock for an early position to 'eventual' recovery back towards the previous price levels. My screens off again - good luck!

Should get news by years end that should take it comfortably into the 150-200p range. This is my last post until then atb

Sometimes the 'overheating' that we see on stocks has a solid underlying reason to it which catalyses a further, strong push upwards on the actual news release. I've got a 73p average here but wont be selling any of my holding yet as the current rise should pale in comparison to where i believe the SP wil be in the VERY NEAR TERM. atb

New support levels will be established as the price trends upwards, now that a lines been drawn under the losses incured & confidence returns for a recovery. We should see a strengthening of the newly initiated upward trend on very near term news dyor etc

Should be trading in the 150-200p range in the very near term imho. That'll be due to stock specific developments against a backdrop of more buoyant macro market sentiment going into 2013. More institutional buying being initiated imho now that claritys being brought to the situation & positive news heading this way further emphasising the companys road to recovery. The share price should precede that actual realization back into profitability with a move to the 220p+ levels you suggest. I posted that we should should hit 100p within a very short period of time after the Interim Management Statement of the 19th Nov. Now Im looking for further news in the very near term & a solid recovery in the SP continuing to the levels stated - again further news on its way. Now to switch off the screen again. gla

not if theres news due - lets see! atb

http://www.investegate.co.uk/geong-international-limited-(gng)/prn/interim-results/20121205110000P2D69/

Tipped by who? You put the same post on the BPC board but with no corroborating links or references.

The city concensus seems to be that his appointments a good thing fo bringing a greater degree of stability for the company. Seems to be a lot of macro concerns still about (as expected) with negotiations on the fiscal cliff issue continuing. I'd expect some further news from Lamprell in the next few weeks to bolster the share price but dyor etc. gla

http://www.ft.com/cms/s/0/5566bd88-3d2d-11e2-9e13-00144feabdc0.html#axzz2E0IHlnca

"Lamprell continued its rehabilitation today as the beleaguered oil and gas services group appointed hydrocarbon veteran James Moffat as chief executive. Moffat has worked in the industry for 35 years, most recently as general manager of the Gorgon gas field in Western Australia, a joint venture including Shell, ExxonMobil and Chevron." http://www.standard.co.uk/business/business-news/lamprell-names-new-chief-and-calms-city-8375840.html

Excellent news & also implies that the negotiations on bank covenants are proceeding well (as per the company's previous statements on the subject) with the new CEO taking the helm in March 2013. LAM should be back above 100p in the very near term imho with further positive news underpinning a recovery in the share price Gla

http://www.moneyam.com/action/news/showArticle?id=4494104

Its just about preparing people for a payment deadline extension beyond the 30th nov - hopefully we'll get some clarification from the company atb gl

There could be a deadline extension delaying payment for the turbines. We'll have to wait for confirmation to see if thats the case.

I'm refering to the following statement in the 31st Aug Final Results "With the much reduced level of exposure to Standard Bank and Turbocare, and the settlement with Sasol Gas having been achieved, our creditor position is much improved and we are examining options for raising some modest additional funding to resolve all outstanding creditor issues regardless of the timing involved in selling the remaining gas turbines." http://www.investegate.co.uk/ipsa-group-plc-(ipsa)/rns/final-results/201209031400013645L/ atb

I prefer to focus on the company itself rather then "sleight of hand" & other esoteric indicators that might be he focus of other peoples discussions. Should be interesting to see the progress on the NDC Muhaiymat LeTourneau Super 116E and the Greatdrill Chaaya Super 116E rigs. Enjoy the day all