Member Info for bonum

Good luck ;) Evokev, euro markets down as well but LAM looking buoyant

I wouldn't value the company on a max premium to the current mkt cap basis but would look at multiple factors including the existing asset value, sector expansion, shortage of supply, identification of loss making components of the business & expectations to move back into profitability ect, etc - also the possibility/likelihood of several competing bidders. Good luck Regardless, i actually agree with you in that my preference would be to see the company move back to profitability & reinsatement of a dividend to establish a healthy revenue stream for shareholders. Thats what i brought in for but a win win situation anyway for those buying around current levels.

"no earthly reason to sell at the current low price" - he wouldn't be selling at the current low price IF that route was taken.

It was in last weeks Times "`On a conference call with analysts yesterday, the non-executive chairman did not rule out the possibility of a sale`. - Go check it out More to the point it validates what i've heard myself. I've discounted previous talk about takeovers as many on this board know - thats not the case now. If you think i make this stuff up, ignore what i say - simple!

They've had the RNS of 19th nov with full transparency & drawn a line under the year losses. Further the Chairman wouldnt deny the takeover route during the recent analyst Q&A which adds credibility to the speculation on the subject (he would have had to have discussed that option at a higher level ie Steve Lamprell) - watch this space. Also news on contract delivery but need to confirm that. dyor etc

re: Contract delivery should put paid to that!

i think its to do with contract delivery but need confirmation.

Good news due soon imho!

Thats the way Lamprell are looking at it! Shareholders buying at these levels win out either way - a new management team to bolster sentiment & move the company forward OR a sale reflecting a much higher market cap then the current level. WE'll hear soon enough!

Why would he (steve lamprell) want to sell? - there could be many reasons personal to him as to why he may want to do that. He could also be offered a stakeholding in the company mounting any takeover action (?). The true value of the company going forward would well be 300-350p+, especially with an expanding sector & supply shortfalls to demand. I can't guess at what any takeover approach would be (especially if more then one other party are involved) suffice to say that it should be significantly above the current mkt cap/share price. I doubt they'd be loking to replace 100+ managers but only those in the most senior positions. Some analysts/commentators are already speculating on a takeover action which the chairman wouldn't deny in the conference call & consistent with what i've been told. As you say interesting scenarios aside to the more quantifiable recovery prospects here. atb

Points taken but thats what i've been told from a very good source & in line with wider speculation on the matter - just relaying it here. I'm investing on a fundamental recovery based on factors already discussed (i hope others will do the same) but strongly believe we'll get developments related to takeover approaches / activity near term. atb

I was told last week that a takeover was a strong possibility as a route to introducing a new & proven management structure into the company to drive the business forward. I chose not to mention it ,as regular posters will know that i place a stronger emphasis on fundamental factors underpinning a paltform for recovery, beyond the current loss making year - the trading update helped clarify & strengthen that position. However, a takeover scenario is definately on the cards & dependent on external approaches along with the company's own initiatives with regards to replacing top management positions dyor as always

A Takeover would be a strong multiple of the current SP with the company identifying & drawing a line under the loss making area & still in a 'pre-eminent' position rather then having any terminal issues. Back into profitability going forward & in a strong growth sector so should attract a lot interest & a good price atb

Looks like speculation on a takeover is back on after the chairmans conference call with analysts. My near term price move as per the 19:49 post yesterday & based on that reasoning so a move above 100p within weeks imho. dyor as always

I expect a very big move on this one (beyond market rises in general) on a 'basic framework' being agreed re: the fiscal cliff (probably in the next 2-3 weeks). Thats consistent with the major price rises expected off a definitive agreement & should herald a more consistent macro market recovery going into 2013. Also more contract news from the $4.0 billion bidding pipeline mentioned in the last trading statement, so i'm looking for a move comforetably above 100p in the very near term. - let's see. atb

its all in the tongue action ;)

" We believe the current share price only reflects value for the jackup refurbishment business and, for investors prepared to look forward to 2014, we still believe Lamprell should offer significant upside." - Liberum Capital "analysts appear content and believe any investor would be crazy not to throw some money Lamprell's way" - the Guardian comment Merril Lynch upgrades to a 140p target The macro markets will still see some volatility (moodys downgrade of france3 for example) but a 'general 'framework re: the fiscal cliff issue look likely within the next 2-3 weeks & a signing off of the greek aid deal today). We should be well back up above 100p by then with a steady price recovery beyond that as we slowly move back into profitability & further news on new orders. dyor & gla

"analysts appear content and believe any investor would be crazy not to throw some money Lamprell's way. Merrill Lynch upgraded the company from Sell to Buy, saying in a note: The past 6 months were without doubt the most challenging in Lamprell's recent history. With an in depth review of all projects by PWC now complete, today's IMS delivers the largest profits warning to date. However, importantly this looks to draw a line under the issues faced by the troublesome projects. While the company is not fully out of the woods, we believe today's IMS is a significant milestone. While Liberum Capital was equally optimistic: We still believe that Lamprell has a strong underlying business and retains competitive advantages in many of its markets. No new contracts have been announced but the bidding pipeline remains highly active and the order book is still around US$1.4bn which gives visibility to revenues through 2013. Near term profitability could be poor but a new management team can be expected to improve delivery and take advantage of strong markets. We believe the current share price only reflects value for the jackup refurbishment business and, for investors prepared to look forward to 2014, we still believe Lamprell should offer significant upside."

the only caveat is that institutions may secure shares via a very limited placing rather then on the open market & as per the statement in the 3rd set results RNS.

I have a look in every now & then while looking at macro market indicators & other stocks. Not unreasonable i think given the anticipation towards todays RNS. I hope no one feels there own trading intentions are threathened by any input i may make good luck