lamprell plc-unsp adr (LMPRY:OTC US)
lamprell plc-unsp adr (LMPRY) Snapshot
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lamprell plc-unsp adr (LMPRY) Related Businessweek News
No Related Businessweek News Foundlamprell plc-unsp adr (LMPRY) 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 engages in the design and construction of new build jackup drilling rigs; a range of 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, design engineering, and detailed and construction engineering, including offshore drilling rigs, land rigs, onshore and offshore engineering, procurement and construction projects, pipelines, pressure vessels, skids, modules, decks, and jackets. Further, it offers inspection services, such as supply of inspection personnel and equipment for heat treatment and non destructive testing services to the oil and gas, district cooling, and other infrastructure-intensive industries; 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, drilling rigs, offshore facilities, marine docks, and marine vessels. Lamprell plc was founded in 1974 and is based in Dubai, the United Arab Emirates.
lamprell plc-unsp adr (LMPRY) Key Developments
Lamprell plc announced that they will report Q1, 2013 interim management statement on May 17, 2013
Lamprell plc announced that effective from the end of the company's 2013 Annual General Effective from the end of the company's 2013 Annual General Meeting which is scheduled to take place on 27 May 2013, Jonathan Silver, Colin Goodall and Deena Matter will retire as non-executive directors from the Board. The company also announced that effective as from May 27, 2013, the appointment of Michael Press, John Malcolm and Ellis Armstrong as non-executive directors of the company. It is anticipated that Ellis Armstrong will assume the chairmanship of the company's Audit Committee upon the retirement of Deena Mattar at the end of the 2013 AGM. Further, Michael Press will assume the roles of Senior Independent Director and the chairmanship of the company's Remuneration Committee upon the retirement of Colin Goodall at the end of the 2013 AGM.
Lamprell plc announced that, with immediate effect, Frank Nelson has been appointed as Chief Financial Officer and has now been appointed an executive director on the Board. Mr. Nelson had been Interim Chief Financial Officer since 12 November 2012.
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Industry Analysis
LMPRY
Industry Average
| Valuation | LMPRY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.6x |
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