Lamprell shareholder Sami Al Angari evaluating takeover offer
1st Jul 2022 07:54
(Sharecast News) - Shares in Lamprell have been temporarily suspended after Sami Al Angari - the chief executive of Al Gihaz Company - confirmed on Friday that he and Al Gilaz are in the very early stages of evaluating a possible offer for Lamprell.
Read moreLamprell misses $26.4m loan facility repayment
28th Jun 2022 08:32
(Sharecast News) - Energy industry services supplier Lamprell has missed a $26.4m repayment due on Monday for its UAE Export Credit Agency debt facility.
Read moreLamprell says it's exploring funding options, shares tank
24th Jun 2022 07:11
(Sharecast News) - Lamprell shares tanked on Friday as it said it was exploring funding options and that it had received a bid approach from major shareholder Blofeld at a "very significant" discount.
Read moreLamprell signs MoU with NOV on windfarm project
11th Apr 2022 07:53
(Sharecast News) - Lamprell said it had agreed a Memorandum of Understanding (MoU) with energy services company NOV to support its delivery of three 1 gigawatt (GW) offshore floating wind farms for Cerulean Winds, the UK-based floating offshore wind farm and green hydrogen infrastructure developer.
Read moreLamprell gets notice to proceed with Saudi contract, shares shoot up
18th Feb 2022 13:04
(Sharecast News) - Lamprell shares shot higher on Friday after the company said it had received a limited notice to proceed (LNTP) from Saudi-based contractor Bas Global Marine Services to go ahead with a new contract, which is expected to be awarded in the second quarter.
Read moreLamprell warns over pandemic hit, shares slide
7th Feb 2022 08:43
(Sharecast News) - Lamprell tanked on Monday after it reported a jump in full-year revenue but warned that its financial performance has been affected by higher costs associated with the pandemic.
Read moreLamprell raises $30.1m following 'significant growth and recovery' in addressable markets
29th Oct 2021 07:46
(Sharecast News) - Construction and fabrication firm Lamprell said on Friday that it had raised $30.1m by way of an accelerated bookbuild in order to address near-term working capital needs, strengthen its balance sheet and take advantage of "significant accessible opportunities" available in its addressable markets.
Read moreLamprell wins rig conversion contract with BWE
25th Oct 2021 09:24
(Sharecast News) - Lamprell said on Monday that its oil & gas business has won a "major" rig conversion contract with BW Energy (BWE).
Read moreLamprell agrees $45m trade loan facility with two regional banks
5th Oct 2021 08:36
(Sharecast News) - Lamprell updated the market on its funding on Tuesday, reporting that it has agreed, in principle, the structure and commercial terms of a $45m (£33.04m) UAE Export Credit Agency-backed revolving trade loan facility with two regional banks.
Read moreLamprell updates on balance sheet recapitalisation efforts
31st Aug 2021 09:00
(Sharecast News) - Construction and fabrication outfit Lamprell issued an update on progress made towards the recapitalisation of its balance sheet on Tuesday.
Read moreLamprell makes 'solid progress' in H1, FY EBITDA seen at 'broadly breakeven'
3rd Aug 2021 07:33
(Sharecast News) - Construction and fabrication specialist Lamprell said on Tuesday that it had continued to make "solid progress" on all projects despite the ongoing Covid-19 pandemic and related supply chain bottlenecks.
Read moreWednesday broker round-up
30th Jun 2021 13:44
(Sharecast News) - Workspace: RBC Capital Markets upgrades to outperform with a target price of 1,050p.
Read moreCanaccord Genuity lowers target price on Lamprell
30th Jun 2021 09:01
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on oil rig construction business Lamprell from 90.0p to 75.0p on Wednesday after the firm announced a $120.0-150.0m capital raise requirement by the end of the third quarter.
Read moreLamprell tumbles as it warns of 'severe liquidity constraints'
29th Jun 2021 10:03
(Sharecast News) - Lamprell shares tumbled on Tuesday as the oil and gas services group warned of "severe liquidity constraints" and said creditor payments were being deferred to maintain liquidity.
Read moreMonday broker round-up
5th Oct 2020 12:58
(Sharecast News) - Experian: Morgan Stanley upgrades to overweight with a target price of 3,330.0p.
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