Long-term Lamprell is well placed to win contracts from high quality clients when these start to come through again; there is the potential for further efficiency gains to help with margins; it has a strong net cash position to help see it through; and an undemanding EV/EBITDA valuation. Over 2016 however we expect decline in revenues and profitability; uncertainty on how Lamprell will fill the order book (for 2017 in particular – recent news indicates that the environment has not impro
30 Aug 2016
Ensco 140 rig delivered and settlement reached
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Ensco 140 rig delivered and settlement reached
- Published:
30 Aug 2016 -
Author:
Daniel Slater -
Pages:
3
Long-term Lamprell is well placed to win contracts from high quality clients when these start to come through again; there is the potential for further efficiency gains to help with margins; it has a strong net cash position to help see it through; and an undemanding EV/EBITDA valuation. Over 2016 however we expect decline in revenues and profitability; uncertainty on how Lamprell will fill the order book (for 2017 in particular – recent news indicates that the environment has not impro