Analyst Research Report Snapshot

Title:

LAMPRELL - UNCERTAIN OUTLOOK

Price:

$10.00

Provider:

Edison Investment Research

Date:

16 Apr 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

LAM.L

Available for Immediate Download
Summary:

Over the last year Lamprell has underperformed its global peers by c 20% and the underlying oil price by c 15%. American oil services firms are due to update markets at the end of April and, with the oil price apparently stabilising, we believe further investor caution is required. Investors are rightly worried about an industry entering a period of margin compression, falling order books, limited opportunities for growth and the prospect of further earnings downgrades to forecasts. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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