Special Feature
SBM view At 86p/share, Lamprell offers a medium risk/high reward option that could recover throughout 2012 and prosper into 2013 if margins are restored and a global slowdown does not intensify further hurting their prospects. Results on the 28th August (just after this magazine is issued) should be read closely for clues to (a) dividend issues and (b) debt covenant waivers.
20 | www.financial-spread-betting.com | September 2012
Any positivity here and we would be inclined to buy the stock south of 100p whilst any further negativity that took the stock down towards the early 60’s and we would similarly be a buyer in the expectation of potential corporate activity.