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For NTA!
Rns....
Flying!
12 November 2014 LAMPRELL PLC ("Lamprell" and with its subsidiaries the "Group") CONTRACT AWARD Lamprell (ticker: LAM), a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has received a new contract award from National Drilling Company ("NDC"), Abu Dhabi, for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. This contract award is valued at approximately US$ 365 million. Lamprell has previously been awarded contracts by NDC for a series of six identical rigs and we are on schedule to complete construction of the final two jackup rigs, having delivered the first four on time and on budget. As with the units under construction, these newly-ordered rigs will be completely outfitted, LeTourneau-designed, self-elevating Mobile Offshore Drilling Units of a Super 116E (Enhanced) Class design with a rated drilling depth of 30,000 feet. The rigs will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with planned delivery dates in Q4 2016 and Q2 2017 respectively. Under the contract terms, NDC also has the right to exercise options for Lamprell to build up to an additional three jackup rigs of the same design. James Moffat, Chief Executive Officer, Lamprell, said: "We are delighted to announce this new award from NDC, our long-standing client. We have worked closely with NDC over the last four years and developed an excellent working relationship delivering consistently competitive solutions for complex projects. With this latest contract win, Lamprell has been awarded a total of six firm jackup rigs in 2014. This reflects Lamprell's position as a leading fabricator of jackup rigs to the global energy market and extends our growing order book out to mid-2017. We would like to thank NDC for their confidence in Lamprell in making this significant award and we look forward to continuing to work with this prestigious customer over the coming years." - Ends - Enquiries:
Just quoted a 1p buy... Very tempted as we know how quickly she can move... Hmmm..?
Now out of the way... Onwards and Upwards!
A very positive Rns...
Continues... Nice large buys and she may move soon!
Nice buys being executed...
Half-yearly financial report for the six months ended 30 September 2014 "Solid underlying organic growth - best trading period ever" "The Board remains optimistic about the Group's outlook and expects trading to exceed its expectations for the financial year" Key financials Continuing operations Change HY 2014 v HY 2013 Half-year 30.9.14 Half-year 30.9.13 Full year 31.3.14 Ø Group revenue +13.4% £74.03m £65.26m £129.78m Ø Gross profit % +130bps 29.0% 27.7% 27.7% Ø Operating profit before separately disclosed items +45.6% £7.07m £4.86m £9.70m Ø Operating profit +15.9% £5.39m £4.65m £9.41m Ø Pre-tax profit before separately disclosed items +45.6% £6.63m £4.55m £9.16m Ø Pre-tax profit +13.8% £4.94m £4.34m £8.87m Ø Adjusted diluted earnings per share +39.5% 4.10p 2.94p 5.95p Ø Basic earnings per share +1.3% 3.10p 3.06p 6.08p Ø Dividend -interim +50.0% - 0.60p - 0.40p 1.40p Ø Net (debt) / cash (£17.53m) £3.55m £2.03m Ø Return on capital employed (ROCE) +210bps 17.3% 15.2% 15.5% 2014 highlights Ø Best six month's profit in the Company's history Ø Gross margin up 130bps to 29.0% Ø Overheads as a percentage of revenue reduced by 80bps to 19.4% over HY2013 period Ø VIC acquisition in May 2014 has integrated well and contributed as expected during the period Ø New investment in manufacturing plant initiated in Italy, Malaysia and Taiwan Ø Continue to extend our geographic boundaries in the USA, Central Europe and Thailand Ø Additional sales engineers recruited, inducted and starting to introduce new business Ø Sales to distributors from Lancaster Fastener growing well into most of EU "During the period VIC has performed and integrated well; both VIC and TR management are encouraged by the growth opportunities deriving from sales and marketing working together." "By recruiting several additional sales engineers for the automotive and telecoms sectors during the first half year, we now have the necessary resources to continue the pace of organic growth. These investments have also been matched with new manufacturing plant for Italy and Asia, thus allowing more production to be placed in-house." "Meanwhile, margin improvement continues to be driven by on-going operational process efficiencies, particularly in warehouse storage, order picking and packaging. The 'self-help' programme initiated back in 2011 keeps on giving with regard to productivity and cost efficiencies, and clearly forms a solid foundation to the now well established 'continuous improvement' philosophy and culture." "In late October, we conducted an in-depth audit of our order pipeline and concluded t
The market has taken the results rather well! As Always... DYOR!
She's moving and a sea of blue...
Results....
10 November 2014 Haversham Holdings plc ("Haversham") First Day of Dealings on AIM Trading in the shares of Haversham (AIM: HAV) commences today on AIM, following the Placing of 25,000,000 shares at a price of 120p per share raising £30m before expenses. Cenkos Securities is nominated adviser and joint broker and Zeus Capital joint broker to the issue. Haversham is a group formed by Avril Palmer-Baunack and Marwyn, the specialist investment management company, with the support of leading institutional investors, including Invesco, Artemis, Aviva and Schroders. Haversham has been established, under the management of Avril Palmer-Baunack, (Executive Chairman), James Corsellis and Mark Brangstrup Watts, in order to acquire and develop substantial businesses in the UK and European automotive, support services, leasing, engineering or manufacturing sectors, targeting acquisitions with an enterprise value between £250 million and £1 billion. The capital raise is to provide due diligence and operating capital prior to a subsequent acquisition. Enquiries Square1 Consulting (PR advisers) +44 (0)20 7929 5599 David Bick, Mark Longson Cenkos Securities plc (Nominated adviser and joint broker) +44 (0)20 73
Description of business: The investment objective of the Company is to provide Shareholders with an attractive total return, achieved primarily through capital appreciation. The Directors believe that opportunities exist to create significant value for Shareholders through a properly executed, acquisition-led growth strategy. In the first instance, the Directors intend to acquire one or more quoted or unquoted businesses or companies (in whole or in part) creating a platform for further acquisitions. The Company will need to raise additional funds for these purposes and may use both debt and/or equity. If an acquisition is a reverse takeover it will be subject to rule 14 of the AIM Rules for Companies. The Directors initially intend to invest in businesses or companies conducting their activities wholly or mainly in the UK and Europe in the automotive, support services, leasing, engineering or manufacturing sectors. Following the completion of any acquisition, the Directors, will work in conjunction with incumbent management teams to develop and deliver a strategy for performance improvement and/or acquisition-led strategic and operational enhancements. Due diligence of proposed acquisitions will be undertaken by the Directors assisted by the Company's legal, financial and other professional advisers. It is anticipated that returns to Shareholders will be delivered primarily through an appreciation in the Company's share price.
Tiny m-cap and few shares on offer.... This could be interesting...
Rns...
Interesting share...
She's slowly climbing north...