Lamprell (LAM) - Starting to Move!
The past few days have seen the Lamprell (LAM)share price starting to nudge up (see the Sharescope graph below):
The Key Metrics (below) are also interesting, with the Capitalisation (£406.2m) well below the Turnover (£643.19m), giving a tasty PSR of 0.63. Also, note that the cashflow per share 54.06p (underlined in blue) is well above the last (negative) earnings figure (-24.19p).
The Interim Results (29th August 2013 [above]) showed that LAM had returned to profit in the first half and that net cash wwas up from £64.06m to approximately £93.6m ($151.1m) as at 30th June 2013. Since that announcement, I've been stalking LAM and finally, it looks as though my patience may be rewarded.
What do you think? Is there more upside to come?
