Selling Some Lamprell – oil getting slippery

I have sold about half of my holding in Lamprell at 142.59. This takes me down to a small portfolio weight of about 4-5%.

Lamprell are a firm who build jackup rigs – used in oil exploration. I bought them most of them back in 2012 at prices of 82/83p, I bought a few in the rights issue and a handful more at 147. My average cost is 100p.

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