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Imo any bid below the last year's capital raising price will get rejected, for multiple reasons though the main ones being the assets of the company and the size of the order book. At this price he will still get a bargain, and by taking it private there will be an end to this ridiculous farce about funding where placing have been oversubscribed one month and then not achievable the next. Lamprell is a strategically important company for both the UAE and Saudi Arabia and the sooner this matter is settled the better.

It will have to be high enough to satisfy more than one major shareholder. I suspect people will be surprised how high it is and those who sold since last Friday will be kicking themselves.

Very good signal. Made my day.

..was to step in and agree to invest £185m at 0.15 per share then they would assume a 75% controlling stake in a fully liquid company with a global reputation, health order book in a growing market sector.

Looks like only one of the major shareholders looking to put any money in. Question is how much. I can see why they would want to take the company private, but if the other shareholders don't accept the price then the second best route must surely be a highly diluting rights issue, something I believe (though I may be wrong) the company can do without shareholder approval, all they need is a shareholder or third party with deep enough pockets to underwrite it. Question is, does anyone in the frame have beep enough pockets?

Imo with the share price so low, an rights issue for the amount required by the lenders and underwritten by the richest shareholder is the probably the best option. If no one else takes up the rights then this will effectively mean they end up owning the company.

So either the MMs were very busy passing the same shares back and forth or we should expect some ownership RNS next week

If insolvency is forced on them then what does this tell other investors about investing in this part of the world.

Hopefully that's the bottom

When most of your competition is struggling, and subsequently willing to cut margins just to stay in business, it's hard to make money. I suspect a lot of pubs will close over the next 2 years and wp will come out of this with a bigger market share, at which point prices and profits will rise because at the end of this is not a charity. In the meantime the price is probably not going to go anywhere fast.

Selling a majority stake in the oil and gas side makes no sense as far as Lamprell shareholders are concerned. Imo it would involve splitting the company into two separate legal entities. Consequently all synergies would be lost. Sounds to me like someone is trying to get part of the company on the cheap. If Lamprell are clutching around for cash then far better they announce an open offer in which all shareholders can participate. Any outside investor could then buy shares on the he open market or privately from those wishing to sell in order to take up the open offer without investing more, either that or the open offer would include an outsider to buy in at a higher price to the open offer to reflect the fact they were not existing shareholders. Eh an open offer price £0.25 and outsider buy in price of £0.50

Claiming them might be a problem for non Russians though

Just had a look at the company website home page. If you go there expecting brand promotion or statements regarding plans in place to improve profitability, forget it, they seem far more interested in wok symbolism. IMO this company is badly in need if a hostile takeover since the current BoD appear to be greatly distracted from their legal obligation to improve shareholder value.

Anyone have any idea why this blue chip share has done so badly on a 5 year basis. Its quite clear the majority of the board don't know what they are doing and need replacing.

Expensive mistake, both financially and politically, given what happened since Friday. Someone won't be getting their bonus.

going going going gone more likely. Looking at the accounts they may sell product around the world, but the vast majority of the assets are in Russia or Kazakhstan, and given how the Russian's recently sent in troops there to quell some local unrest I can't see Kazakhstan not assisting them with any perpetual freeze orders. For those who sold last week at a loss my sympathies, for those that are still holding, don't say you weren't warned, for those still buying into the dip, try turning on the news.

I post on Sunday that this would be a penny stock by the end of the week and was replied to by some learned investor that he had never heard so much cr*p in in his life. Well we are at 103.85 as I write this so it can be long now before we break the pound level and this does indeed become a penny stock.

No idea, but it will b a penny stock by the end of the week, if not the end of tomorrow. If BP are willing to walk away from their assets and not take any dividend it is because they know they are now effectively the property of the Russian state.

Game over

The rules of the game are changing quickly with regard to Russian investments. Why would the country allow profits to be exported in any direction from which no new investment is going to be coming in and from which no trade can be conducted. Nationalise the western ownership stakes and sell the produce to India and China seems to be the sound coming out of Moscow. There may not be a physical wall coming down across the Europe, but there certainly is a financial, trade and diplomatic one between Russia, the EU and the USA.