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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Lamprell - Another oil services firm seeing eps upgrades

November 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LAM
  • Price:
  • 420p
It is no coincidence that the first big take-over approach byprivate equity since the credit crunch started was of Abbot, 353p, along established FTSE-250 firm which hires out oil rigs. Private equityare no fools and they know that profits and cash flow are going throughthe roof in oil services, as we elaborated on in our front pagerecommendation, Petrofac, 477p. To recap, this is in part thanks tosoaring energy prices but also because producers are increasinglyforced to eke out more oil from mature fields because major newdiscoveries are hard to find. Such a backdrop bodes well for Lamprell (FT sector: AIM, Oil &Gas), which is one of the leading providers of oil rig constructionservices. Established more than 30 years ago, it ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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