Last 156.75 GBp
Change Today +4.00 / 2.62%
Volume 159.4K
LAM On Other Exchanges
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Exchange
London
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As of 7:07 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

lamprell plc (LAM) Snapshot

Open
153.25 GBp
Previous Close
152.75 GBp
Day High
157.25 GBp
Day Low
153.25 GBp
52 Week High
06/30/14 - 166.00 GBp
52 Week Low
03/19/14 - 110.78 GBp
Market Cap
535.7M
Average Volume 10 Days
284.2K
EPS TTM
0.10 GBp
Shares Outstanding
341.7M
EX-Date
09/6/13
P/E TM
24.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for LAMPRELL PLC (LAM)

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lamprell plc (LAM) Details

Lamprell plc, through its subsidiaries, provides diversified engineering, construction, and contracting services to the onshore and offshore oil and gas, and renewable energy industries in the United Arab Emirates, Saudi Arabia, and Kuwait. The company is engaged in the design and construction of new build jackup drilling rigs; various offshore vessels and structures; and process modules for floating production, storage and offloading units, floating storage and regasification units, tender assist drilling barges, mobile offshore production units, offshore drilling rig components and accessories, living quarters, turrets, and other offshore fixed structures. It also offers rig refurbishment services; engineering and construction services; and land rig services for various projects and services related to onshore drilling rigs, oilfield service companies, and drilling equipment refurbishment for land and offshore rigs. In addition, the company is involved in the construction of wind turbine installation vessels for seajacks and fred; and engineering services, including concept engineering, FEED, and design engineering, as well as detailed and construction engineering, which include offshore drilling rigs, land rigs, onshore and offshore engineering, procurement and construction projects, pipelines, pressure vessels, skids, modules, decks, and jackets. Further, it offers safety solutions, as well as technical consultancy, services, and support specialized in the detection and handling of the toxic H2S gas; and manpower, equipment, and materials services for oil and gas, and petrochemical facilities and plants, as well as for drilling rigs, offshore facilities, marine docks, and marine vessels. Lamprell plc was founded in 1974 and is based in Dubai, the United Arab Emirates.

7,568 Employees
Last Reported Date: 03/25/14
Founded in 1974

lamprell plc (LAM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $241.0K
Compensation as of Fiscal Year 2013.

lamprell plc (LAM) Key Developments

Lamprell plc Announces Completion of Debt Refinancing

Lamprell plc announced that, further to its announcement on 16 May 2014 that the group had signed a commitment letter and detailed heads of terms in respect of a new secured banking arrangement, it signed a definitive agreement with the lenders for the syndicated facility. Drawdown is expected to take place shortly. The agreement remains subject to certain conditions subsequent which Lamprell anticipates being satisfied in the next few weeks. The new arrangements will replace the Group's existing funded facilities with a USD 350 million facility, comprising a USD 100 million term loan, USD 50 million for general working capital purposes and USD 200 million of working capital for project financing. In addition, the lending banks have agreed to arrange a committed USD 250 million bonding facility which may be used by the group for project bonding requirements in connection with new contract awards. The completion of this new refinancing which is a major step in the financial recovery of the company and sets it on strong footing for future growth. Along with greater financial flexibility, it is expected to result in material savings from reduced interest margins and from lower bonding costs for its projects.

Lamprell Receives Contract from Petrofac Emirates L.L.C for Fabrication and Delivery of 29 Modules

Lamprell announced that it has received a new contract from Petrofac Emirates L.L.C. for the fabrication and delivery of 29 modules. The modules are being constructed for use in connection with the Zakum Development Company. The estimated total weight for all of the modules will be approximately 10,000 tonnes. Lamprell is scheduled to deliver the first shipment of modules in second quarter 2015, with the final pipe-rack expected to be delivered in first quarter of 2016.

Lamprell plc, Special/Extraordinary Shareholders Meeting, Jun 10, 2014

Lamprell plc, Special/Extraordinary Shareholders Meeting, Jun 10, 2014., at 10:00 GMT Standard Time. Agenda: To grant the directors authority to allot equity securities pursuant to article 5.1 of the company's articles of association, up to an aggregate nominal amount of £4,068,173.45 in connection with the rights issue; and to grant the directors powers to disapply the pre-emption rights pursuant to article 5.2 of the company's articles of association.

 

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Valuation LAM Industry Range
Price/Earnings 21.5x
Price/Sales -- Not Meaningful
Price/Book 1.5x
Price/Cash Flow 23.7x
TEV/Sales 0.8x
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