Lamprell, an oil and gas contractor in the Arabian Gulf, is a classic recovery play. Its share price is down 60% since May, yet its industry is in good shape. As long as the firm can stop shooting itself in the foot, there's every chance of a rebound.
The company builds and refurbishes oil and gas rigs, as well as building liftboats that install offshore wind turbines. But its second-generation liftboat has been plagued by gremlins. It lost $46m on designing two such vessels for Norwegian shipping giant Fred Olsen.
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