Order Book27 Mar 2014 13:51
Okay here are my thoughts for what they are worth. I believe the concern about new orders or the lack of them will see the price fall over the coming weeks and the trick is buying in before new orders get announced.
If/when new orders come in, the price will get a boost and jump 5-10p maybe more depending on the value of the order. So bearing in mind that Moffat said in recent update that 'THREE MAJOR CONTRACTS/NEW BIDS WERE IN FINAL STAGE', then trick is determining what time-frame final stage equates to.
I am going to guess that final stage equates to one month until they announce it, please feel free to correct me if you are knowledgeable. Trouble with Lamprell is, historically the market always reacts a week or two prior to good/bad news being announced. Now at best this is because someone lower down the chain of command blabs (think sales dept), or at worst because one or all of the board can't keep their mouths shut. I suspect the latter tbh because it is all too frequent. In fact If i am totally honest and blunt, i believe they are all dodgy robbing bâtards (French). To be fair, it is of course quite possible that connections of the company giving the contracts to Lamprell are the people with the insider knowledge, and it is them buying Lamprell shares/pushing price up before they confirm with Lamprell.
In conclusion, small daily fluctuations aside and assuming price falls, I am going to buy in within 2-3 weeks and hope orders come in. If they get all 3 orders and they are sizeable, we might see 160-170p, In which case
Lamprell quote:
"Moffat said securing contracts in the next few months would be crucial in order to beat what he described as a "conservative" outlook for this year, adding that Lamprell was down to the final stage of winning three major new bids."
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