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Kentz Engineers & Constructors (KENZ)
PapalPower
- 23 Mar 2008 15:19
Web Site : http://www.kentz.com
Kentz Engineers & Constructors have been in the construction business for almost 90 years, operating in over 20 countries world-wide with a turnover of approximately $600 million. Kentz provide a full range of technical and project management skills, from design through procurement, construction, commissioning and start-up to assist world-wide clients in developing and upgrading facilities.
Kentz is a successful engineering contractor, which serves clients
primarily in the oil and gas, petrochemical and mining and metals sectors.
The Company's principal activities are the provision of mechanical,
electrical, controls and instrumentation engineering, construction and
management services
Kentz today is a truely international company with approximately 7,000 staff in Europe, Africa, the Middle East and Asia and is represented by subsidiaries and offices in over 20 countries world-wide.
PapalPower
- 23 Mar 2008 15:19
- 2 of 124
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PapalPower
- 23 Mar 2008 15:19
- 3 of 124
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PapalPower
- 23 Mar 2008 15:19
- 4 of 124
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PapalPower
- 23 Mar 2008 15:19
- 5 of 124
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PapalPower
- 23 Mar 2008 15:20
- 6 of 124
http://business.scotsman.com/business/One-to-watch-Kentz.3862842.jp
Published Date: 11 March 2008
Source: The Scotsman
Location: Scotland
Scotsman says BUY
KENTZ Corporation's principal activities are the provision of mechanical, electrical, controls and instrumentation, engineering, construction and management services to oil and gas, petrochemical, power, process, water and environmental, communications and commercial and infrastructure sectors.
The engineering group has an international trading profile, but its biggest single area is in the Middle East, where it is focused on Kuwait, Saudi Arabia, Qatar and the United Arab Emirates; 60 per cent of last year's revenue arose from the Middle East.
Kentz came to the AIM in February at 115p, raising 66.7 million. It is organised into three divisions engineering, construction and technical support services and in each area offers a comprehensive project management approach, from design to completion of construction.
The group's client list includes Shell, Exxon Mobil and Anglo Coal. Activity in its core trading sectors is buoyant, with the order book doubling in recent years to a little under $600m (299m). In addition to growing organically, Kentz is also acquisitive and, well-financed from the IPO, is in a strong position to identify and secure strategic complementary businesses.
In the six months to June 2007, revenue grew by more than 60 per cent and pre-tax profits by 70 per cent. The prospects going forward look good; the company has just won a contract renewal to provide support services to Fluor in Kuwait.
Standing on a prospective p/e of around 11 and likely to pay a maiden dividend over the next 12 months, Kentz's shares look good value.
Published Date: 11 March 2008
Source: The Scotsman
Location: Scotland
Scotsman says BUY
KENTZ Corporation's principal activities are the provision of mechanical, electrical, controls and instrumentation, engineering, construction and management services to oil and gas, petrochemical, power, process, water and environmental, communications and commercial and infrastructure sectors.
The engineering group has an international trading profile, but its biggest single area is in the Middle East, where it is focused on Kuwait, Saudi Arabia, Qatar and the United Arab Emirates; 60 per cent of last year's revenue arose from the Middle East.
Kentz came to the AIM in February at 115p, raising 66.7 million. It is organised into three divisions engineering, construction and technical support services and in each area offers a comprehensive project management approach, from design to completion of construction.
The group's client list includes Shell, Exxon Mobil and Anglo Coal. Activity in its core trading sectors is buoyant, with the order book doubling in recent years to a little under $600m (299m). In addition to growing organically, Kentz is also acquisitive and, well-financed from the IPO, is in a strong position to identify and secure strategic complementary businesses.
In the six months to June 2007, revenue grew by more than 60 per cent and pre-tax profits by 70 per cent. The prospects going forward look good; the company has just won a contract renewal to provide support services to Fluor in Kuwait.
Standing on a prospective p/e of around 11 and likely to pay a maiden dividend over the next 12 months, Kentz's shares look good value.
zscrooge
- 23 Mar 2008 16:02
- 7 of 124
PP I am worried about your state of mind. Over on a rival site you make over 200 posts a day, host 90 threads and regularly post on 5 different sites. You have set up duplicate threads for Chinese stocks, wiped many of your own posts (to eradicate any possiblility of criticism)and constantly change your mind. This behaviour would seem to be obsessional, manic and delusional. Not to mention the fact that you need to get a life.
XSTEFFX
- 23 Mar 2008 20:18
- 8 of 124
pp is my hero ok. You can get lost, zscrooge.
PapalPower
- 24 Mar 2008 03:37
- 9 of 124
zscrooge, I am more worried about those people who now follow and post about posters, as opposed to discussing stocks and shares and markets and sentiment.
Although it is possible to understand that the present market falls have pushed some into financial oblivion, and with that perhaps immense personal stress, which is perhaps making them turn their "anger" on to BB posters.
Sad, but true.
Although it is possible to understand that the present market falls have pushed some into financial oblivion, and with that perhaps immense personal stress, which is perhaps making them turn their "anger" on to BB posters.
Sad, but true.
PapalPower
- 24 Mar 2008 04:05
- 10 of 124
As it seems "zscrooge" is going to be "stalking" me with abusive posts etc... I will add them to the "Squelch" facility. I really do not want the threads to fill up with nonsense posts by zscrooge.
What that means is I will be unable to read their posts.....so don't expect any responses to anything they post in future. If you find they are still filling the boards with nonsense posts, I would suggest emailed Moneyam support and complaining.
If anyone wishes to "Squelch" this poster then click on the link below, and add their name to your "Squelch" list.
http://www.moneyam.com/InvestorsRoom/squelch.php
What that means is I will be unable to read their posts.....so don't expect any responses to anything they post in future. If you find they are still filling the boards with nonsense posts, I would suggest emailed Moneyam support and complaining.
If anyone wishes to "Squelch" this poster then click on the link below, and add their name to your "Squelch" list.
http://www.moneyam.com/InvestorsRoom/squelch.php
PapalPower
- 25 Mar 2008 14:31
- 11 of 124
From the sharecrazy.com site :
Date 06-03-2008
Comment : Evolution Securities has initiated coverage on Kentz Corporation Ltd. with a buy rating and a 170 pence price target, citing valuation factors. In comment published today, Evolution noted that Kentz, a global engineering, procurement, construction and services business for the oil, gas and petrochemicals industries, has a strong focus on the growth market of the Middle East. The broker pointed out that around 60% of Kentz revenue and 80% of its current order book is focused on the Middle East, which continues to see unprecedented levels of activity, particularly in large gas projects, refining and petrochemicals. Evolution noted that Kentzs order backlog has doubled in the last two years and the company has an order book of around 580m usd, equal to around 90% of the brokers 2008 revenue forecast. Evolution added that, in its view, Kentz also has excellent prospects for new business, suggesting continued double digit EPS growth over the coming years. The broker pointed out that Kentzs current rating of 11.3 times 2008 estimated earnings is around a 30% discount to the sector average, which Evolution believes is unjustified. Evolution said that given Kentzs potential double digit EPS growth rate and visibility through its expanding order backlog, the broker believes a 10% discount to the sector average multiple of 16.6 times is more appropriate. The broker added that such a rating discount leads to its target price of 170 pence for Kentz and, therefore, its buy rating.
Date 06-03-2008
Comment : Evolution Securities has initiated coverage on Kentz Corporation Ltd. with a buy rating and a 170 pence price target, citing valuation factors. In comment published today, Evolution noted that Kentz, a global engineering, procurement, construction and services business for the oil, gas and petrochemicals industries, has a strong focus on the growth market of the Middle East. The broker pointed out that around 60% of Kentz revenue and 80% of its current order book is focused on the Middle East, which continues to see unprecedented levels of activity, particularly in large gas projects, refining and petrochemicals. Evolution noted that Kentzs order backlog has doubled in the last two years and the company has an order book of around 580m usd, equal to around 90% of the brokers 2008 revenue forecast. Evolution added that, in its view, Kentz also has excellent prospects for new business, suggesting continued double digit EPS growth over the coming years. The broker pointed out that Kentzs current rating of 11.3 times 2008 estimated earnings is around a 30% discount to the sector average, which Evolution believes is unjustified. Evolution said that given Kentzs potential double digit EPS growth rate and visibility through its expanding order backlog, the broker believes a 10% discount to the sector average multiple of 16.6 times is more appropriate. The broker added that such a rating discount leads to its target price of 170 pence for Kentz and, therefore, its buy rating.
PapalPower
- 27 Mar 2008 01:08
- 12 of 124
Moving up well.
Comment out from Momentum Investor, this taken from AFN :
Kentz Corporation - High quality new issue in oil services
130p Epic code: KENZ
(Momentum Investor) With the boom in energy prices seemingly unstoppable, conditions are clearly ripe for shares in Kentz Corporation (FT sector: Not listed), an engineering contractor focused on the oil & gas and petrochemical sectors, to become one of the top performing new issues of 2008. Kentz was introduced to AIM on 5 February by broker Evolution in a placing at 115p a share which raised 66.7m including nearly 19m new money valuing the company at 134m. In spite of the tepid market they swiftly moved to a new high of 148p as investors became aware that this is one of those picks and shovels businesses that should do extremely well in a US$100 a barrel oil price environment.
Kentz can trace its origins back to 1919 when it was a small family run Irish-based firm but it wasnt until a Malaysian investment company provided a cash injection during the turbulent early 1990s that Kentzs fortunes really took off. Fuelled by a strategy of expanding into new territories such as the Middle East, Caribbean, Malaysia, Russia and sub Saharan Africa, its turnover quickly soared from US$120m to US$370m in the ten years to 2006, which in turn drove a nine-fold jump in profit after tax from US$2.3m to US$21.4m.
Kentz provides engineering and project management skills across a projects "life cycle" from design to procurement of staff and materials, through to the construction and start-up and then staying on to oversee maintenance and shutdowns (planned or otherwise). Projects include support infrastructure for a liquified natural gas (LNG) operator, involving erecting mixed-use accommodation blocks and industrial development, including utilities for power, water, waste and telecommunications. Other projects involve technical support services for onshore energy production facilities and oil terminals. Clients include large oil firms, such as Shell, BP and ExxonMobil, as well as large contracting businesses such as Amec and Bechtel, while project sizes range from US$40m to US$150m. About half its business comes in the form of lump-sum contracts with the balance mainly on a cost plus basis.
One reason why we expect the shares to really motor quite soon is that more than half of its business comes from the Middle East where the high oil price has meant that capital expenditure on future oil & gas projects is running high. That said, its likely that energy infrastructure spending will also spike in Kentzs other key markets, as Big Oil is self-evidently flush with cash to reinvest to look for new fields. The other interesting thing is that because oil firms are finding it harder to make blockbuster discoveries of the type found in the North Sea and Saudi Arabia in the 50s and 60s, they are also having to throw more capital either through bringing a plethora of small new fields on stream or through sweating existing wells to produce more by using recovery methods such as water and gas injection.
Nevertheless, Kentz is unlikely to just sit back and wait for things to happen and indeed it is now working on opportunities to broaden its service offering and extend its geographic reach of its existing services. This will happen both through acquisitions and also joint ventures to diversify risk and gain access to its partners client base.
House broker Evolution is forecasting pretax profit to increase from 15.8m to 17.6m this year and 20.5m next, while eps is expected to rise from 10.4p to 11.5p this year and 13.25p in 09. That leaves the prospective PE standing at just 11.3, falling to 9.8 next year, which is an undeserved discount to the oil & gas services sector, given the decent earnings visibility provided by its large order backlog of nearly 300m. Buy ahead of results on 31 March.
Comment out from Momentum Investor, this taken from AFN :
Kentz Corporation - High quality new issue in oil services
130p Epic code: KENZ
(Momentum Investor) With the boom in energy prices seemingly unstoppable, conditions are clearly ripe for shares in Kentz Corporation (FT sector: Not listed), an engineering contractor focused on the oil & gas and petrochemical sectors, to become one of the top performing new issues of 2008. Kentz was introduced to AIM on 5 February by broker Evolution in a placing at 115p a share which raised 66.7m including nearly 19m new money valuing the company at 134m. In spite of the tepid market they swiftly moved to a new high of 148p as investors became aware that this is one of those picks and shovels businesses that should do extremely well in a US$100 a barrel oil price environment.
Kentz can trace its origins back to 1919 when it was a small family run Irish-based firm but it wasnt until a Malaysian investment company provided a cash injection during the turbulent early 1990s that Kentzs fortunes really took off. Fuelled by a strategy of expanding into new territories such as the Middle East, Caribbean, Malaysia, Russia and sub Saharan Africa, its turnover quickly soared from US$120m to US$370m in the ten years to 2006, which in turn drove a nine-fold jump in profit after tax from US$2.3m to US$21.4m.
Kentz provides engineering and project management skills across a projects "life cycle" from design to procurement of staff and materials, through to the construction and start-up and then staying on to oversee maintenance and shutdowns (planned or otherwise). Projects include support infrastructure for a liquified natural gas (LNG) operator, involving erecting mixed-use accommodation blocks and industrial development, including utilities for power, water, waste and telecommunications. Other projects involve technical support services for onshore energy production facilities and oil terminals. Clients include large oil firms, such as Shell, BP and ExxonMobil, as well as large contracting businesses such as Amec and Bechtel, while project sizes range from US$40m to US$150m. About half its business comes in the form of lump-sum contracts with the balance mainly on a cost plus basis.
One reason why we expect the shares to really motor quite soon is that more than half of its business comes from the Middle East where the high oil price has meant that capital expenditure on future oil & gas projects is running high. That said, its likely that energy infrastructure spending will also spike in Kentzs other key markets, as Big Oil is self-evidently flush with cash to reinvest to look for new fields. The other interesting thing is that because oil firms are finding it harder to make blockbuster discoveries of the type found in the North Sea and Saudi Arabia in the 50s and 60s, they are also having to throw more capital either through bringing a plethora of small new fields on stream or through sweating existing wells to produce more by using recovery methods such as water and gas injection.
Nevertheless, Kentz is unlikely to just sit back and wait for things to happen and indeed it is now working on opportunities to broaden its service offering and extend its geographic reach of its existing services. This will happen both through acquisitions and also joint ventures to diversify risk and gain access to its partners client base.
House broker Evolution is forecasting pretax profit to increase from 15.8m to 17.6m this year and 20.5m next, while eps is expected to rise from 10.4p to 11.5p this year and 13.25p in 09. That leaves the prospective PE standing at just 11.3, falling to 9.8 next year, which is an undeserved discount to the oil & gas services sector, given the decent earnings visibility provided by its large order backlog of nearly 300m. Buy ahead of results on 31 March.
moneyplus
- 27 Mar 2008 11:46
- 13 of 124
I've been adding when I can grab a bit of spare cash. I sold wsm too early and I have a feeling in my bones this might perform in the same way---looking good so far!
cynic
- 27 Mar 2008 12:19
- 14 of 124
hello M+! .... i assumed from your comment on SOLA that you wanted a minor contribution from me.
KENZ (cap 173m) is in a sector i like very much, though i have always favoured PFC (cap 1933m) and, of late, WG. (cap 2069m)
as is immediately apparent, KENZ is a very small fish in relation to the other two and has also still to produce its first set of figures (end March) since being listed on AIM ...... it would be a big shock if these figures were not good, though sp has performed strongly and much may already be discounted.
pays your money, takes your choice
KENZ (cap 173m) is in a sector i like very much, though i have always favoured PFC (cap 1933m) and, of late, WG. (cap 2069m)
as is immediately apparent, KENZ is a very small fish in relation to the other two and has also still to produce its first set of figures (end March) since being listed on AIM ...... it would be a big shock if these figures were not good, though sp has performed strongly and much may already be discounted.
pays your money, takes your choice
mitzy - 27 Mar 2008 12:29 - 15 of 124
I am liking kentz more by the day will not sell till 200p min.
mitzy - 27 Mar 2008 12:42 - 16 of 124
this is reminding me of XKO when the doubled in value thanks to a take-over.
Been in these since Ipo and have no intention of selling till they double in price .
Been in these since Ipo and have no intention of selling till they double in price .
moneyplus
- 27 Mar 2008 15:18
- 17 of 124
I like a co. I can get excited about and it's doing well so far! Hi cynic I knew you wouldn't be able to resist for long. good luck mitzy.
cynic
- 27 Mar 2008 15:55
- 18 of 124
as i said, it's a sector i like
mitzy - 30 Mar 2008 08:57 - 19 of 124
I truely believe EVO's 170p is a bit conservative for a price target perhaps 200p would be more appropriate..thanks moneyplus.
mitzy - 31 Mar 2008 07:54 - 20 of 124
Results are great turnover up 50% and order book now 450mill and eps 17p and rising this is cheap @150p market cap.
cash in hand 60mill.
cash in hand 60mill.
PapalPower
- 31 Mar 2008 08:24
- 21 of 124
All ok, slightly ahead.
Good enough, perhaps not for the short term hot money, but then once they are out its worth tucking some away for the long term later at cheaper prices.
Good enough, perhaps not for the short term hot money, but then once they are out its worth tucking some away for the long term later at cheaper prices.
PapalPower
- 31 Mar 2008 12:24
- 22 of 124
http://www.citywire.co.uk/professional/-/news/shares-news/content.aspx?ID=299752
On Page 2 :
* Evolution Securities reiterates sell Cairn Energy with a 18.55 target, has a buy and 200p target for Eatonfield, a buy and 575p target for Eros, a buy and 378p target for Invensys, a buy and 190p target for Kentz, a buy and 400p target for Plant Health care and an add and 725p target for VT Group
On Page 2 :
* Evolution Securities reiterates sell Cairn Energy with a 18.55 target, has a buy and 200p target for Eatonfield, a buy and 575p target for Eros, a buy and 378p target for Invensys, a buy and 190p target for Kentz, a buy and 400p target for Plant Health care and an add and 725p target for VT Group
mitzy - 31 Mar 2008 14:01 - 23 of 124
I do not believe this is falling...
PapalPower
- 01 Apr 2008 01:39
- 24 of 124
Post from AFN :
penpont - 31 Mar'08 - 23:03 - 401 of 401
From IC today:
'Kentz targets acquisitions
Created: 31 March 2008 Written by: Martin Li
After floating on 5 February this year, Kentz's maiden results as a listed company revealed significant growth in revenue and profit. The order backlog increased almost 10 per cent to $596m (300m) by the year end and had risen further to $682m by the end of January.
Kentz is benefiting from the boom in the oil, gas and petrochemical markets, which comprise 89 per cent of the group's business. Chief executive Hugh O'Donnell sees the Middle East as a key growth area, with "queues of projects lining up" in the upstream, onshore processing, liquid natural gas and oil refining sectors. The expansion of tar sands projects in Canada, a relatively new market for the group, also offers exciting potential. Importantly, given the heady growth rates, Kentz has shown its ability to manage cost inflation, even through fixed price EPC (engineering, procurement and construction) contracts. Pre-tax profit margins rose to 6.3 per cent from an average of 4.8 per cent in the previous two years.
The 19m raised on flotation will allow the business to grow through acquisition. Mr O'Donnell confirmed that the group is looking at two key upstream targets that can service clients chasing reserves in marginal, remote and deepwater fields.
Evolution Securities forecasts 2008 EPS of 23, subject to revision following these results.
IC VIEW
Good Value. With increasing demand, tight cost controls, and plenty of contract opportunities in the pipeline, the prospects for Kentz look good, particularly if it strengthens its upstream capabilities through acquisition. Trading on a forward PE ratio of 11, the shares rate good value.
Last IC view: Good value, 124p, 6 February 2008
http://www.investorschronicle.co.uk/Companies/ByEvent/Results/default/article/20080331/520e259e-ff08-11dc-a64c-0015171400aa/Kentz-targets-acquisitions.jsp
penpont - 31 Mar'08 - 23:03 - 401 of 401
From IC today:
'Kentz targets acquisitions
Created: 31 March 2008 Written by: Martin Li
After floating on 5 February this year, Kentz's maiden results as a listed company revealed significant growth in revenue and profit. The order backlog increased almost 10 per cent to $596m (300m) by the year end and had risen further to $682m by the end of January.
Kentz is benefiting from the boom in the oil, gas and petrochemical markets, which comprise 89 per cent of the group's business. Chief executive Hugh O'Donnell sees the Middle East as a key growth area, with "queues of projects lining up" in the upstream, onshore processing, liquid natural gas and oil refining sectors. The expansion of tar sands projects in Canada, a relatively new market for the group, also offers exciting potential. Importantly, given the heady growth rates, Kentz has shown its ability to manage cost inflation, even through fixed price EPC (engineering, procurement and construction) contracts. Pre-tax profit margins rose to 6.3 per cent from an average of 4.8 per cent in the previous two years.
The 19m raised on flotation will allow the business to grow through acquisition. Mr O'Donnell confirmed that the group is looking at two key upstream targets that can service clients chasing reserves in marginal, remote and deepwater fields.
Evolution Securities forecasts 2008 EPS of 23, subject to revision following these results.
IC VIEW
Good Value. With increasing demand, tight cost controls, and plenty of contract opportunities in the pipeline, the prospects for Kentz look good, particularly if it strengthens its upstream capabilities through acquisition. Trading on a forward PE ratio of 11, the shares rate good value.
Last IC view: Good value, 124p, 6 February 2008
http://www.investorschronicle.co.uk/Companies/ByEvent/Results/default/article/20080331/520e259e-ff08-11dc-a64c-0015171400aa/Kentz-targets-acquisitions.jsp
mitzy - 01 Apr 2008 21:02 - 25 of 124
A reversal on the day onwards to 170p if the chart is correct.
PapalPower
- 02 Apr 2008 13:39
- 26 of 124
Pleasing rise today.
olivercromwell - 02 Apr 2008 14:26 - 27 of 124
very strong progress based on solid fundamentals goibg forward
mitzy - 02 Apr 2008 22:20 - 28 of 124
Didnt expect 162p so quick..
VO have upped their target to 190p from 170p.
I would not be surprised if they rise to 500p in 12 months 190p is still cheap.
VO have upped their target to 190p from 170p.
I would not be surprised if they rise to 500p in 12 months 190p is still cheap.
mitzy - 04 Apr 2008 09:01 - 29 of 124
A few more buys this morning should take us back above 160p again.
olivercromwell - 04 Apr 2008 11:07 - 30 of 124
just wait when Kenz announce the contracts from the letters of intent in May. I reckon that will kick off a round of upgrades but for me the 500M target contracts are getting my juices flowing, of course they need to secure them but it's indicative of their ambitions
mitzy - 07 Apr 2008 09:00 - 31 of 124
Bit quiet on the risers front considering mostly all buys today .
mitzy - 07 Apr 2008 13:50 - 32 of 124
trying to breach 180p .
mitzy - 18 Apr 2008 17:01 - 33 of 124
Another quiet thread.
cynic
- 18 Apr 2008 17:11
- 34 of 124
with risible trading volume, why should you be surprised?
mitzy - 18 Apr 2008 17:18 - 35 of 124
With oil $116 tonite I expected more from Kenz.
cynic
- 18 Apr 2008 17:32
- 36 of 124
better off backing the established contenders like WG. or WSM or PFC
mitzy - 18 Apr 2008 18:31 - 37 of 124
I know but mised the boat there cynic but I do like PFC as it s more oil related.
mitzy - 21 Apr 2008 08:40 - 38 of 124
plenty of price action today and some big buys .
cynic
- 21 Apr 2008 09:39
- 39 of 124
KENZ - spread 5p ..... sp +3p ..... volume 68k
mitzy .... you must be looking at another stock
mitzy .... you must be looking at another stock
mitzy - 21 Apr 2008 09:52 - 40 of 124
Take another look..!
cynic
- 21 Apr 2008 09:58
- 41 of 124
wow!
spread now only 3p .... sp +4p .... volume 110k
spread now only 3p .... sp +4p .... volume 110k
moneyplus
- 21 Apr 2008 15:17
- 42 of 124
still early days here but it's nice to see a new high.
notlob - 21 Apr 2008 16:28 - 43 of 124
tiped in momentum investor, target 190p
have got a few.
have got a few.
mitzy - 21 Apr 2008 17:24 - 44 of 124
Thanks notlob although to be honest 190p is not high enough..!
notlob - 21 Apr 2008 18:23 - 45 of 124
sounds modest to me as well, given KENZ cash pile, forward forecasts and order book.
mitzy - 29 Apr 2008 08:17 - 46 of 124
What a surprise its up 5p.
PapalPower
- 29 Apr 2008 08:39
- 47 of 124
Nice.
mitzy - 29 Apr 2008 09:04 - 48 of 124
Great share floated Febrero and already up 50 %.
mitzy - 01 May 2008 16:15 - 49 of 124
Greyhound - 01 May 2008 16:32 - 50 of 124
Been watching this one, looks an excellent stock that I want to get into.
mitzy - 01 May 2008 16:41 - 51 of 124
Been in and out a few times Greyhound but holding for 200p now.
mitzy - 02 May 2008 21:46 - 52 of 124
Theres no stopping this one now ..hold on for the ride..!
PapalPower
- 07 May 2008 12:02
- 53 of 124
On a run, again :)
mitzy - 07 May 2008 15:09 - 54 of 124
A little old fashioned but I dont mind..
500p anyone..?
500p anyone..?
PapalPower
- 08 May 2008 00:52
- 55 of 124
Its a damn impressive chart isn't it :)
mitzy - 08 May 2008 06:58 - 56 of 124
Could be the best ipo in 2008,
mitzy - 16 May 2008 13:43 - 57 of 124
Almost worth buying on Friday..
PapalPower
- 30 May 2008 09:36
- 58 of 124
RNS Number : 5669V
Kentz Corporation Ltd
30 May 2008
Kentz Group awarded $208 million contract in Qatar
Friday 30 May 2008 - KENTZ GROUP, through its operating unit Qatar KENTZ (W.L.L.), is delighted to announce that it has been awarded a US$208 million contract for the design, supply and delivery of the main electrical systems on the prestigious Sidra Medical and Research Centre in Doha, State of Qatar.
Qatar KENTZ has agreed the Letter of Award for the contract with the main contractor - a joint venture between Spain's OHL and US-based Contrack International.
The Sidra Medical and Research Centre project is valued at around US$2.3 billion and will deliver world class clinical care, medical education and biomedical research. KENTZ has already begun preparing the scope of work for the project, which is scheduled for completion in mid-2011.
Since commencing operations in 1997, Qatar KENTZ has successfully completed 25 projects for Qatar Petroleum or Qatar Petroleum subsidiary companies primarily in the Oil and Gas Sector. In addition to these, Qatar KENTZ is currently executing major projects for other international clients in the Ras Laffan area of Qatar.
Dr Hugh O'Donnell, CEO of KENTZ Group, said 'KENTZ Group views this award as a significant milestone in our working relationship with Qatar Foundation and Qatar Petroleum. This project provides a backbone of high value-added design, procurement and construction services, which are very similar to the specialist EPC services that Qatar KENTZ is currently providing to Qatar Petroleum and their joint venture international oil company partners in Qatar'
Qatar KENTZ will work in consortium with Voltas, which is one of the leading TATA Group of companies from India. Voltas will execute the Mechanical Services portion of the project. The combined value of the KENTZ Voltas Consortium scope is in excess of US$ 400 million.
Qatar KENTZ scope in the three year project will be the detailed design, procurement, installation and commissioning of the high voltage electrical systems, medium and low voltage electrical systems, lighting, building automation and ancillary systems.
Ends
Kentz Corporation Ltd
30 May 2008
Kentz Group awarded $208 million contract in Qatar
Friday 30 May 2008 - KENTZ GROUP, through its operating unit Qatar KENTZ (W.L.L.), is delighted to announce that it has been awarded a US$208 million contract for the design, supply and delivery of the main electrical systems on the prestigious Sidra Medical and Research Centre in Doha, State of Qatar.
Qatar KENTZ has agreed the Letter of Award for the contract with the main contractor - a joint venture between Spain's OHL and US-based Contrack International.
The Sidra Medical and Research Centre project is valued at around US$2.3 billion and will deliver world class clinical care, medical education and biomedical research. KENTZ has already begun preparing the scope of work for the project, which is scheduled for completion in mid-2011.
Since commencing operations in 1997, Qatar KENTZ has successfully completed 25 projects for Qatar Petroleum or Qatar Petroleum subsidiary companies primarily in the Oil and Gas Sector. In addition to these, Qatar KENTZ is currently executing major projects for other international clients in the Ras Laffan area of Qatar.
Dr Hugh O'Donnell, CEO of KENTZ Group, said 'KENTZ Group views this award as a significant milestone in our working relationship with Qatar Foundation and Qatar Petroleum. This project provides a backbone of high value-added design, procurement and construction services, which are very similar to the specialist EPC services that Qatar KENTZ is currently providing to Qatar Petroleum and their joint venture international oil company partners in Qatar'
Qatar KENTZ will work in consortium with Voltas, which is one of the leading TATA Group of companies from India. Voltas will execute the Mechanical Services portion of the project. The combined value of the KENTZ Voltas Consortium scope is in excess of US$ 400 million.
Qatar KENTZ scope in the three year project will be the detailed design, procurement, installation and commissioning of the high voltage electrical systems, medium and low voltage electrical systems, lighting, building automation and ancillary systems.
Ends
moneyplus
- 30 May 2008 10:37
- 59 of 124
very nice! This is going to go up nicely over time I hope.
PapalPower
- 10 Jun 2008 12:24
- 60 of 124
10 June 2008
Kentz Corporation Limited
AGM Statement
Jersey, 10 June 2008: Kentz Corporation Limited ('Kentz' the 'Company'), the holding company of the Kentz engineering and construction group ('the Group'), is holding its Annual General Meeting relating to the year ending 31 December 2007 at 10.00am today at The Radisson SAS Waterfront Hotel, Rue de L'Etau, St. Helier, Jersey, JE3 3WF, Channel Islands.
At the meeting, CEO, Hugh O'Donnell, will make the following statement:
'We are very pleased to report that the Group's strong performance in 2007 has continued into 2008. This, combined with the positive outlook for the sectors in which we operate, gives the board of Kentz great confidence for the Group's ongoing growth and development.
The backlog after the first four months of trading in 2008 has increased by 38.6% to US$827.0 million, up from US$596.4 million at the end of 2007 and in line with expectations. In addition, the Group has a very strong pipeline of additional prospects which we expect to convert to backlog during 2008. I have outlined below in further detail some of these prospects together with examples of some of the projects which have been completed or progressed in our four operating regions.
Middle East:
The region continues to experience rapid expansion, with new projects being developed by both national and international oil companies. This has been our strongest growth area in the recent past, and our continued presence throughout the countries in the region including Qatar and Saudi Arabia where these developments are taking place provides significant opportunities for the future.
Qatar:
We are currently working with our clients on several gas development projects delivering EPC, construction and technical support services. With the recent award of the US$208million Sidra contract, which is included in the updated backlog figure above, we have secured a good base-load of work for our Qatar engineering office over the next three years, providing a solid platform from which to develop further.
Saudi Arabia:
We are heavily involved in the construction of the Khurais project, which has an estimated production rate of 1.2 million barrels per day and is set to be the largest field in the world. As a result we are well placed to participate in some of the upcoming 'mega-refinery' projects that are planned in three separate locations. We are also working on various downstream projects such as the SipChem EPC off-plots and facilities project in Jubail.
Arctic and New Areas:
Sakhalin:
Services being performed by Kentz continue on the two major oil and gas developments. We have secured ongoing maintenance and services contracts on both, and have also established two new Russian joint venture companies to implement the next phases of the projects. In both cases Kentz is assuming the role of project leader.
Canada:
Several of the Oil Sands projects under consideration are reaching the financial investment decision stage, which will provide several prospective opportunities for Kentz.
Africa:
Kentz has successfully provided construction services for the Mining and Metals projects that are being developed in the region, including the Rio Tinto Ilmenite project in Madagascar and the Kenmare Moma Sands project in Mozambique.
We have completed a number of maintenance and turnaround service programs with several of the oil companies in coal to liquid facilities, refineries and petrochemical plants.
The Group's integrated solutions division has delivered on its EPC objectives for Sierra Rutile in Sierra Leone and Xtrata in South Africa.
Australia:
There are six 'mega' LNG processing facilities either under development or in implementation, each world scale in size and complexity. Kentz is well positioned to participate in these new projects, given our track record of delivering projects throughout Australia and our international experience of working on LNG projects.
The Group's cash flow continues to remain strong, with no debt on the company balance sheet. This provides a very sound financial base from which to finance our growth plans into the future. Our strategy is to become self sufficient in the delivery, on an EPC basis, of entire small to mid-size process plants for both onshore and offshore Oil and Gas developments.
We therefore remain focused on completing a strategic acquisition in the oil and gas upstream industry. Once this has been achieved we intend to roll out the additional business line throughout the Kentz global footprint of operations to service our international and national clients. We see tremendous opportunities in the Oil and Gas sector for companies like ours that possess capabilities to deliver in-house EPC and construction solutions to clients for infrastructure and process plants.
We continue to see strong demand for our services across the Oil & Gas, Petrochemical and Mining and Metals sectors in the regions in which we operate. The Board is therefore confident that we can continue to grow and develop across all our business lines and, as a result, reward our shareholders for their continued support.'
Kentz Corporation Limited
AGM Statement
Jersey, 10 June 2008: Kentz Corporation Limited ('Kentz' the 'Company'), the holding company of the Kentz engineering and construction group ('the Group'), is holding its Annual General Meeting relating to the year ending 31 December 2007 at 10.00am today at The Radisson SAS Waterfront Hotel, Rue de L'Etau, St. Helier, Jersey, JE3 3WF, Channel Islands.
At the meeting, CEO, Hugh O'Donnell, will make the following statement:
'We are very pleased to report that the Group's strong performance in 2007 has continued into 2008. This, combined with the positive outlook for the sectors in which we operate, gives the board of Kentz great confidence for the Group's ongoing growth and development.
The backlog after the first four months of trading in 2008 has increased by 38.6% to US$827.0 million, up from US$596.4 million at the end of 2007 and in line with expectations. In addition, the Group has a very strong pipeline of additional prospects which we expect to convert to backlog during 2008. I have outlined below in further detail some of these prospects together with examples of some of the projects which have been completed or progressed in our four operating regions.
Middle East:
The region continues to experience rapid expansion, with new projects being developed by both national and international oil companies. This has been our strongest growth area in the recent past, and our continued presence throughout the countries in the region including Qatar and Saudi Arabia where these developments are taking place provides significant opportunities for the future.
Qatar:
We are currently working with our clients on several gas development projects delivering EPC, construction and technical support services. With the recent award of the US$208million Sidra contract, which is included in the updated backlog figure above, we have secured a good base-load of work for our Qatar engineering office over the next three years, providing a solid platform from which to develop further.
Saudi Arabia:
We are heavily involved in the construction of the Khurais project, which has an estimated production rate of 1.2 million barrels per day and is set to be the largest field in the world. As a result we are well placed to participate in some of the upcoming 'mega-refinery' projects that are planned in three separate locations. We are also working on various downstream projects such as the SipChem EPC off-plots and facilities project in Jubail.
Arctic and New Areas:
Sakhalin:
Services being performed by Kentz continue on the two major oil and gas developments. We have secured ongoing maintenance and services contracts on both, and have also established two new Russian joint venture companies to implement the next phases of the projects. In both cases Kentz is assuming the role of project leader.
Canada:
Several of the Oil Sands projects under consideration are reaching the financial investment decision stage, which will provide several prospective opportunities for Kentz.
Africa:
Kentz has successfully provided construction services for the Mining and Metals projects that are being developed in the region, including the Rio Tinto Ilmenite project in Madagascar and the Kenmare Moma Sands project in Mozambique.
We have completed a number of maintenance and turnaround service programs with several of the oil companies in coal to liquid facilities, refineries and petrochemical plants.
The Group's integrated solutions division has delivered on its EPC objectives for Sierra Rutile in Sierra Leone and Xtrata in South Africa.
Australia:
There are six 'mega' LNG processing facilities either under development or in implementation, each world scale in size and complexity. Kentz is well positioned to participate in these new projects, given our track record of delivering projects throughout Australia and our international experience of working on LNG projects.
The Group's cash flow continues to remain strong, with no debt on the company balance sheet. This provides a very sound financial base from which to finance our growth plans into the future. Our strategy is to become self sufficient in the delivery, on an EPC basis, of entire small to mid-size process plants for both onshore and offshore Oil and Gas developments.
We therefore remain focused on completing a strategic acquisition in the oil and gas upstream industry. Once this has been achieved we intend to roll out the additional business line throughout the Kentz global footprint of operations to service our international and national clients. We see tremendous opportunities in the Oil and Gas sector for companies like ours that possess capabilities to deliver in-house EPC and construction solutions to clients for infrastructure and process plants.
We continue to see strong demand for our services across the Oil & Gas, Petrochemical and Mining and Metals sectors in the regions in which we operate. The Board is therefore confident that we can continue to grow and develop across all our business lines and, as a result, reward our shareholders for their continued support.'
PapalPower
- 29 Jun 2008 02:13
- 61 of 124
http://www.growthcompany.co.uk/recommendations/444921/kentz.thtml
Kentz - BUY
Companies: KENZ
25/06/2008
Demand for the services of Middle East-focused engineering contractor Kentz is sky-high: its backlog of current contracts not yet completed and new orders received has increased by 38.6% to $827m (420m) since the end of 2007.
Providing mechanical, electrical, engineering, construction and management services for both industrial and infrastructural clients, the debt-free company specialises in the oil & gas, petrochemicals, mining and metals sectors. Unsurprisingly, therefore, it derives two-thirds of its revenues from Kuwait, Saudi Arabia, Qatar and the UAE, followed by sub-Saharan Africa and the former Soviet Bloc.
There is plainly a huge amount of work going on in these areas of specialisation and a great deal of undeveloped natural resources in the Middle East and the rest of the world, such as Brazils enormous oil-field discovery last November, to bolster future demand. Not only that, but the company regularly delivers contracts in other business streams, such as Mays $208m contract win in Qatar, for the supply of electrical systems for a large medical research centre.
Results released in March for 2007 showed a 47% revenue rise to $544.6m and a 37% pre-tax profits increase to $34.3m, with net cash more than doubling to $124m (62m), with Februarys AIM float adding a further 15.6m.
Not content to rest on its laurels, one of the prongs of Kentzs growth strategy is to invest cash in a strategic acquisition in the oil & gas upstream industry. This is expected to reap bountiful benefits, with plenty of cross-selling opportunities into Kentzs global client base.
Based on house broker Evolutions forecast of $38.5m profit and 24.8c (12.6p) of earnings, the shares are trading on a forecast p/e of under 15, which looks eminently undemanding given growth prospects. Buy.
Kentz - BUY
Companies: KENZ
25/06/2008
Demand for the services of Middle East-focused engineering contractor Kentz is sky-high: its backlog of current contracts not yet completed and new orders received has increased by 38.6% to $827m (420m) since the end of 2007.
Providing mechanical, electrical, engineering, construction and management services for both industrial and infrastructural clients, the debt-free company specialises in the oil & gas, petrochemicals, mining and metals sectors. Unsurprisingly, therefore, it derives two-thirds of its revenues from Kuwait, Saudi Arabia, Qatar and the UAE, followed by sub-Saharan Africa and the former Soviet Bloc.
There is plainly a huge amount of work going on in these areas of specialisation and a great deal of undeveloped natural resources in the Middle East and the rest of the world, such as Brazils enormous oil-field discovery last November, to bolster future demand. Not only that, but the company regularly delivers contracts in other business streams, such as Mays $208m contract win in Qatar, for the supply of electrical systems for a large medical research centre.
Results released in March for 2007 showed a 47% revenue rise to $544.6m and a 37% pre-tax profits increase to $34.3m, with net cash more than doubling to $124m (62m), with Februarys AIM float adding a further 15.6m.
Not content to rest on its laurels, one of the prongs of Kentzs growth strategy is to invest cash in a strategic acquisition in the oil & gas upstream industry. This is expected to reap bountiful benefits, with plenty of cross-selling opportunities into Kentzs global client base.
Based on house broker Evolutions forecast of $38.5m profit and 24.8c (12.6p) of earnings, the shares are trading on a forecast p/e of under 15, which looks eminently undemanding given growth prospects. Buy.
PapalPower
- 31 Jul 2008 01:51
- 62 of 124
Interesting to see where it goes from here, if its down it should be to 150p levels.......
PapalPower
- 10 Aug 2008 05:39
- 63 of 124
Looks like, from posts on other BB's, that SCSW has tipped KENZ as a buy over the weekend.
Might see some interest on Monday morning then.
Might see some interest on Monday morning then.
hlyeo98 - 04 Nov 2008 17:46 - 64 of 124
All the wrong tips for KENZ.
Energeticbacker - 07 Nov 2008 21:41 - 65 of 124
There was a decent commentary on Investors Champion, www.investorschampion.com, highlighting all the key issues with this one.
HARRYCAT
- 29 May 2009 09:24
- 66 of 124
Business Financial Newswire
"Kentz Group's operating unit Qatar Kentz WLL has been awarded a multi-million dollar contract by Qatargas Operating Company.
The project includes the electrical, instrumentation and telecommunications work on the new Phase 6, liquefied natural gas storage and loading facility in Ras Laffan Industrial City on the north-east coast of Qatar.
Kentz Group chief executive Dr Hugh O'Donnell said: "We are delighted to be awarded another prestigious contract from Qatargas.
"I believe this award reinforces Kentz's position as a leading contractor in the rapidly expanding Ras Laffan area and continues our long and successful relationship with Qatar Petroleum and its subsidiaries."
"Kentz Group's operating unit Qatar Kentz WLL has been awarded a multi-million dollar contract by Qatargas Operating Company.
The project includes the electrical, instrumentation and telecommunications work on the new Phase 6, liquefied natural gas storage and loading facility in Ras Laffan Industrial City on the north-east coast of Qatar.
Kentz Group chief executive Dr Hugh O'Donnell said: "We are delighted to be awarded another prestigious contract from Qatargas.
"I believe this award reinforces Kentz's position as a leading contractor in the rapidly expanding Ras Laffan area and continues our long and successful relationship with Qatar Petroleum and its subsidiaries."
cynic
- 29 May 2009 10:17
- 67 of 124
5p spread which is just about OK, but average volumes are barely 350k and EMS 5000 ...... prob right that it's a pretty good company, but .....
spitfire43 - 26 Jun 2009 19:17 - 68 of 124
http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20090625/19b4f21c-6178-11de-b8e2-0015171400aa/Servicing-the-oil-boom.jsp
Good article in oil services company's from this weeks i.c including Kentz which recieves a bullish write up.
Good article in oil services company's from this weeks i.c including Kentz which recieves a bullish write up.
goldfinger
- 08 Mar 2012 10:32
- 69 of 124
Gone long on KENZ Kentz looks like its just bounced off a line of support at 457p which goes back approx 6 months.
Will be looking for a rise up to recent resistance at approx 485/490p and hopefully more.
Will be looking for a rise up to recent resistance at approx 485/490p and hopefully more.
goldfinger
- 08 Mar 2012 11:17
- 70 of 124
KENZ KENTZ
Been checking out broker buy notes
latest I could find..........
Date Broker name New Price Old price target New price target Broker change
20-Jan-12 Investec Securities Buy 440.00p 483.00p 600.00p Upgrade
600p SP target anyone else got anything later please?.
Been checking out broker buy notes
latest I could find..........
Date Broker name New Price Old price target New price target Broker change
20-Jan-12 Investec Securities Buy 440.00p 483.00p 600.00p Upgrade
600p SP target anyone else got anything later please?.
goldfinger
- 08 Mar 2012 16:19
- 71 of 124
KENTZ (kenz)
TA starting to look positive on this
stock. Nice bullish uptrend channel
developing.
TA starting to look positive on this
stock. Nice bullish uptrend channel
developing.
goldfinger
- 14 Mar 2012 10:41
- 72 of 124
KENTZ KENZ
Brokers like this stock and are firmly
behind it.
Trades on a undemanding P/E of just
14 to year end 2012... derd cheap
given last 3 broker SP targets below..
Date Broker name New Price Old price target New price target Broker change
20-Jan-12 Investec Securities Buy 440.00p 483.00p 600.00p Upgrade
04-Nov-11 Evolution Securities Buy 490.80p 550.00p - Reiteration
09-Sep-11 Goldman Sachs Neutral 450.00p - 610.00p New
Kentz Corporation Ltd
FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners
13-03-12 NEUT 48.98 29.80 7.45 55.83 33.19 8.30
N+1 Brewin
13-03-12 BUY 51.68 31.65 7.77 55.85 33.70 8.67
Daniel Stewart
17-02-12 OUTP
Investec Securities
07-12-11 HOLD 50.39 30.47 9.14 54.72 32.65 9.80
Arbuthnot Securities
24-11-11 BUY
Evolution Securities Ltd
18-11-11 BUY 46.76 29.32 7.32 52.36 31.15 7.92
Westhouse Securities
15-11-11 BUY
2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 49.70 30.40 7.89 55.06 32.90 8.67
1 Month Change 0.03 0.02 -0.01 0.04 0.03 -0.01
3 Month Change -8.18 -5.00 -1.32 -9.31 -5.52 -1.44
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 52.15% 19.84% 8.24%
DPS 16.16% 76.18% 9.90%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA £50.98m £50.50m £56.05m
EBIT £41.75m £m £m
Dividend Yield 0.96% 1.69% 1.86%
Dividend Cover 5.66x 3.85x 3.79x
PER 18.39x 15.34x 14.18x
PEG 0.35f 0.77f 1.72f
Net Asset Value PS 95.06p p p
Brokers like this stock and are firmly
behind it.
Trades on a undemanding P/E of just
14 to year end 2012... derd cheap
given last 3 broker SP targets below..
Date Broker name New Price Old price target New price target Broker change
20-Jan-12 Investec Securities Buy 440.00p 483.00p 600.00p Upgrade
04-Nov-11 Evolution Securities Buy 490.80p 550.00p - Reiteration
09-Sep-11 Goldman Sachs Neutral 450.00p - 610.00p New
Kentz Corporation Ltd
FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners
13-03-12 NEUT 48.98 29.80 7.45 55.83 33.19 8.30
N+1 Brewin
13-03-12 BUY 51.68 31.65 7.77 55.85 33.70 8.67
Daniel Stewart
17-02-12 OUTP
Investec Securities
07-12-11 HOLD 50.39 30.47 9.14 54.72 32.65 9.80
Arbuthnot Securities
24-11-11 BUY
Evolution Securities Ltd
18-11-11 BUY 46.76 29.32 7.32 52.36 31.15 7.92
Westhouse Securities
15-11-11 BUY
2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 49.70 30.40 7.89 55.06 32.90 8.67
1 Month Change 0.03 0.02 -0.01 0.04 0.03 -0.01
3 Month Change -8.18 -5.00 -1.32 -9.31 -5.52 -1.44
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 52.15% 19.84% 8.24%
DPS 16.16% 76.18% 9.90%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA £50.98m £50.50m £56.05m
EBIT £41.75m £m £m
Dividend Yield 0.96% 1.69% 1.86%
Dividend Cover 5.66x 3.85x 3.79x
PER 18.39x 15.34x 14.18x
PEG 0.35f 0.77f 1.72f
Net Asset Value PS 95.06p p p
dandu71 - 14 Mar 2012 12:21 - 73 of 124
Thanks for the postings GF.
goldfinger
- 14 Mar 2012 13:34
- 74 of 124
No probs. dandu
goldfinger
- 23 Mar 2012 08:53
- 75 of 124
KENTZ (kenz)
Chart actually looks rather bullish
to me and ready to turn about.
Lovely ascending bullish triangle.
Chart actually looks rather bullish
to me and ready to turn about.
Lovely ascending bullish triangle.
goldfinger
- 23 Mar 2012 08:57
- 76 of 124
Missed this broker upgrade
Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
451
33.0%
Investec
Target SP 600p Upside 33%
Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
451
33.0%
Investec
Target SP 600p Upside 33%
goldfinger
- 23 Mar 2012 09:19
- 77 of 124
Uniformly good broker views.
http://sharedealing.nandp.co.uk/broker-views/KENZ/Kentz-Corporation-news
http://sharedealing.nandp.co.uk/broker-views/KENZ/Kentz-Corporation-news
goldfinger
- 23 Mar 2012 12:52
- 78 of 124
From SCSW tip sheet Feb 2012 (extract).........
Ahead of results on 26th march. Kentz has just reported that it expects these to be slightly ahead of concensus forecasts. Once again, the order book shows good growth increasing up to a mammoth US$2.50bn, up 50% on a year ago. This demonstrates that as Kentz has worked its way through its contracts, it has won even more and it looks set to continue with a pipeline of prospects sitting at just over US$10 billion whilst net cash has also grown to US$223m.......... ends
Seems very bullish to me.
Ahead of results on 26th march. Kentz has just reported that it expects these to be slightly ahead of concensus forecasts. Once again, the order book shows good growth increasing up to a mammoth US$2.50bn, up 50% on a year ago. This demonstrates that as Kentz has worked its way through its contracts, it has won even more and it looks set to continue with a pipeline of prospects sitting at just over US$10 billion whilst net cash has also grown to US$223m.......... ends
Seems very bullish to me.
goldfinger
- 23 Mar 2012 13:01
- 79 of 124
Broker isssued a buy note yesterday...
Kentz Corporation Ltd
FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
N+1 Brewin
22-03-12 BUY 51.68 31.65 7.77 55.85 33.70 8.67
Hemscott premium.
Kentz Corporation Ltd
FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
N+1 Brewin
22-03-12 BUY 51.68 31.65 7.77 55.85 33.70 8.67
Hemscott premium.
halifax - 23 Mar 2012 13:27 - 80 of 124
sp down 5% today?
goldfinger
- 23 Mar 2012 14:08
- 81 of 124
Same as you astonished.
Mind theirs been funny action in quite a few i hold. Just the market?.
Mind theirs been funny action in quite a few i hold. Just the market?.
goldfinger
- 23 Mar 2012 14:11
- 82 of 124
Investec Results Preview
Kentz should turn in a strong set of numbers on March 26th. We expect 20% growth in EPS. For 2012E, the current record backlog ($2.4bn) underpins our revenue growth forecast leading to further organic earnings growth, whilst the substantial cash pile creates opportunities for acquisitive growth. BUY, TP 600p.
Kentz should turn in a strong set of numbers on March 26th. We expect 20% growth in EPS. For 2012E, the current record backlog ($2.4bn) underpins our revenue growth forecast leading to further organic earnings growth, whilst the substantial cash pile creates opportunities for acquisitive growth. BUY, TP 600p.
goldfinger
- 23 Mar 2012 15:29
- 83 of 124
Thanks go to Wexboy and his analysis on KENTZ on link below well worth a read as is all his findings.....
Wexboy - 23 Mar'12 - 01:07 - 2353 of 2395
Hi folks,
Just posted Part IX of The Great Irish Share Valuation Project, including my fair valuation and commentary about Kentz:
http://wexboy.wordpress.com/2012/03/22/the-great-irish-share-valuation-project-ix/
Wexboy - 23 Mar'12 - 01:07 - 2353 of 2395
Hi folks,
Just posted Part IX of The Great Irish Share Valuation Project, including my fair valuation and commentary about Kentz:
http://wexboy.wordpress.com/2012/03/22/the-great-irish-share-valuation-project-ix/
goldfinger
- 25 Mar 2012 20:34
- 84 of 124
Getting ready for tomorrow. Hoping
for a good market day (it does help)
Just a reminder....
From SCSW tip sheet Feb 2012 (extract).........
Ahead of results on 26th march. Kentz has just reported that it expects these to be slightly ahead of concensus forecasts. Once again, the order book shows good growth increasing up to a mammoth US$2.50bn, up 50% on a year ago. This demonstrates that as Kentz has worked its way through its contracts, it has won even more and it looks set to continue with a pipeline of prospects sitting at just over US$10 billion whilst net cash has also grown to US$223m.......... ends
Seems very bullish to me.
for a good market day (it does help)
Just a reminder....
From SCSW tip sheet Feb 2012 (extract).........
Ahead of results on 26th march. Kentz has just reported that it expects these to be slightly ahead of concensus forecasts. Once again, the order book shows good growth increasing up to a mammoth US$2.50bn, up 50% on a year ago. This demonstrates that as Kentz has worked its way through its contracts, it has won even more and it looks set to continue with a pipeline of prospects sitting at just over US$10 billion whilst net cash has also grown to US$223m.......... ends
Seems very bullish to me.
goldfinger
- 26 Mar 2012 07:15
- 85 of 124
Fantastic news we beat the revised
concensus estimates.
heres what we were looking for
Pre tax $78.58
EPS 47.70
http://www.investegate.co.uk/Article.aspx?id=201203260700250197A
concensus estimates.
heres what we were looking for
Pre tax $78.58
EPS 47.70
http://www.investegate.co.uk/Article.aspx?id=201203260700250197A
goldfinger
- 26 Mar 2012 07:25
- 86 of 124
KENTZ (kenz)
Heres the actual figures
pre tax ...Profit before tax in 2011 increased by 18% to US$79.4m (2010:US$67.5m)
EPS..... EPS (diluted) 48.98 US¢ up 23% (2010: 39.91 US¢)
Broker Concensus figures were.....
Pre tax $78.58
EPS 47.70
Hemscott Premium
And the concensus figures were revised upward after last results so we beat them easily.
Heres the actual figures
pre tax ...Profit before tax in 2011 increased by 18% to US$79.4m (2010:US$67.5m)
EPS..... EPS (diluted) 48.98 US¢ up 23% (2010: 39.91 US¢)
Broker Concensus figures were.....
Pre tax $78.58
EPS 47.70
Hemscott Premium
And the concensus figures were revised upward after last results so we beat them easily.
goldfinger
- 26 Mar 2012 07:31
- 87 of 124
Chairman's Report
Kentz delivered another impressive performance in 2011, with growth in order intake, sales and earnings finishing ahead of expectations.
Kentz delivered another impressive performance in 2011, with growth in order intake, sales and earnings finishing ahead of expectations.
goldfinger
- 26 Mar 2012 07:35
- 88 of 124
Chairman's Report
Kentz delivered another impressive performance in 2011, with growth in order intake, sales and earnings finishing ahead of expectations. In many ways the year represented a significant turning point for the Company; not least with our graduation to the Main Market of the London Stock Exchange.
While Company values of Safety, Teamwork and Reputation remain at the foundation of our business, we are facing new challenges all the time through the rapidly shifting landscape of the industry, economic and regulatory environments.
The global energy and resources conditions for new project development during 2011 continued to be focused on more remote and emerging areas. The safety track record that Kentz has built over time is central to our operations worldwide and focus on this is more important than ever when entering new areas. The Board takes its responsibility for the safety and welfare of employees very seriously and undertakes regular reviews on processes and performance. The Company's third annual Safety Conference in March 2011 provided an opportunity to bring together people from around the global operations, as well as partners and clients to review and refine procedures. Strong and sustainable relationships with our clients hinge on our reputation for delivery and alignment with their values.
Kentz continues to strengthen its relationships with key clients through the introduction of client account management. These now provide personalised focus for our key customers where a significant majority of recurring revenues occur. This has allowed us going into 2012 to commit greater energy into new client development in the sectors we service and increase our addressable market.
Whilst energy associated stocks were hit during 2011 by a number of credit rating agency downgrades and on-going European debt concerns we believe the longer term outlook for the energy and resource services in our addressable market remain robust. The management team believes the Company's outlook is very positive and continues to see the benefits of a global approach to servicing clients across the sectors in which we operate. During the year we have strengthened our senior management and their teams, through recruitment, training and development, in order to meet the demands of future opportunities for Kentz.
In line with thesignificant achievements of the past year, the Board has stepped up to embrace new guidance on risk, Board leadership and effectiveness, executive remuneration and accountability. These have been set out within our annual report and accounts through our Committee Reports. These Committees have provided direction and control over the growth of the Company's business and ensured that we are complying with all relevant processes, customs, policies, laws, and institutions. I welcome an open and honest dialogue with all our shareholders and members of the Board have made themselves available to meet with shareholders on request.
Lastly, as you will be aware, following the year end it was announced that Christian Brown had succeeded Hugh O'Donnell as Chief Executive of the Company. On behalf of the Board and everyone at Kentz I would like to pay tribute to Hugh for his huge contribution to the Company throughout his 12 year tenure. I personally have enjoyed working with Hugh enormously and we have all benefited from his leadership, experience and wisdom. We are delighted that Hugh has committed to a further three years with Kentz through his exclusive advisory arrangements. It is fantastic for us that his time will be spent on key client relationships and securing new business.
We very much look forward to working with Christian and his management team in the coming months and years and feel confident that the outlook for the business and for our shareholders remains extremely positive.
Kentz delivered another impressive performance in 2011, with growth in order intake, sales and earnings finishing ahead of expectations. In many ways the year represented a significant turning point for the Company; not least with our graduation to the Main Market of the London Stock Exchange.
While Company values of Safety, Teamwork and Reputation remain at the foundation of our business, we are facing new challenges all the time through the rapidly shifting landscape of the industry, economic and regulatory environments.
The global energy and resources conditions for new project development during 2011 continued to be focused on more remote and emerging areas. The safety track record that Kentz has built over time is central to our operations worldwide and focus on this is more important than ever when entering new areas. The Board takes its responsibility for the safety and welfare of employees very seriously and undertakes regular reviews on processes and performance. The Company's third annual Safety Conference in March 2011 provided an opportunity to bring together people from around the global operations, as well as partners and clients to review and refine procedures. Strong and sustainable relationships with our clients hinge on our reputation for delivery and alignment with their values.
Kentz continues to strengthen its relationships with key clients through the introduction of client account management. These now provide personalised focus for our key customers where a significant majority of recurring revenues occur. This has allowed us going into 2012 to commit greater energy into new client development in the sectors we service and increase our addressable market.
Whilst energy associated stocks were hit during 2011 by a number of credit rating agency downgrades and on-going European debt concerns we believe the longer term outlook for the energy and resource services in our addressable market remain robust. The management team believes the Company's outlook is very positive and continues to see the benefits of a global approach to servicing clients across the sectors in which we operate. During the year we have strengthened our senior management and their teams, through recruitment, training and development, in order to meet the demands of future opportunities for Kentz.
In line with thesignificant achievements of the past year, the Board has stepped up to embrace new guidance on risk, Board leadership and effectiveness, executive remuneration and accountability. These have been set out within our annual report and accounts through our Committee Reports. These Committees have provided direction and control over the growth of the Company's business and ensured that we are complying with all relevant processes, customs, policies, laws, and institutions. I welcome an open and honest dialogue with all our shareholders and members of the Board have made themselves available to meet with shareholders on request.
Lastly, as you will be aware, following the year end it was announced that Christian Brown had succeeded Hugh O'Donnell as Chief Executive of the Company. On behalf of the Board and everyone at Kentz I would like to pay tribute to Hugh for his huge contribution to the Company throughout his 12 year tenure. I personally have enjoyed working with Hugh enormously and we have all benefited from his leadership, experience and wisdom. We are delighted that Hugh has committed to a further three years with Kentz through his exclusive advisory arrangements. It is fantastic for us that his time will be spent on key client relationships and securing new business.
We very much look forward to working with Christian and his management team in the coming months and years and feel confident that the outlook for the business and for our shareholders remains extremely positive.
goldfinger
- 26 Mar 2012 07:58
- 89 of 124
Should get broker upgrades over the
next 48 hours...............
Analyst Presentation:
A presentation for analysts will be held at 08.45 am BST, today Monday 26 March. A conference call facility will be available to listen to the live presentation.
Please use the following dial-in-details:
Please dial: +44 (0) 1452 555 566
Conference ID: 64007562
A video interview with Christian Brown, Chief Executive Officer and Ed Power, Chief Financial Officer will be available at www.kentz.com.
next 48 hours...............
Analyst Presentation:
A presentation for analysts will be held at 08.45 am BST, today Monday 26 March. A conference call facility will be available to listen to the live presentation.
Please use the following dial-in-details:
Please dial: +44 (0) 1452 555 566
Conference ID: 64007562
A video interview with Christian Brown, Chief Executive Officer and Ed Power, Chief Financial Officer will be available at www.kentz.com.
goldfinger
- 26 Mar 2012 09:02
- 90 of 124
Moving up nicely. Knocking on for 4% rise.
cynic
- 26 Mar 2012 09:06
- 91 of 124
i have looked at this one quite regularly but choose to avoid, primarily on the basis that it is so illiquid
goldfinger
- 26 Mar 2012 09:38
- 92 of 124
Hi cyners, yep friday it was all over the place . Mostly down. Looks like its having a good one today on back of results being beaten. expecting re -ratings after meeting for analysts this morning at 9.30 am.
goldfinger
- 26 Mar 2012 09:48
- 93 of 124
BRIEF-Kentz posts profit rise, had record backlog at end Feb
26 Mar 2012 - 07:31
LONDON, March 26 (Reuters) - Kentz Corp Ltd :
* Profit before tax in 2011 increased by 18% to US$79.4M (2010:US$67.5M)
* Record backlog at the end of February 2012 stood at US $2,439.2M
((London Equities Newsroom; +44 20 7542 7717))
26 Mar 2012 - 07:31
LONDON, March 26 (Reuters) - Kentz Corp Ltd :
* Profit before tax in 2011 increased by 18% to US$79.4M (2010:US$67.5M)
* Record backlog at the end of February 2012 stood at US $2,439.2M
((London Equities Newsroom; +44 20 7542 7717))
goldfinger
- 26 Mar 2012 11:09
- 94 of 124
First broker breaks cover today.......
Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
460
30.4%
Investec
600p SP target 30.4% upside.
Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
460
30.4%
Investec
600p SP target 30.4% upside.
goldfinger
- 26 Mar 2012 15:28
- 95 of 124
KENTZ (KENZ)
ORIEL also banged out a BUY note today...
Kentz Corporation Broker Views
Date Broker Recommendation Price Old target price New target price Notes
26 Mar Investec Buy 469.50 600.00 600.00 Reiterates
26 Mar Oriel Securities Buy 469.50 - - Retains
More to come in the next 48 hours.
ORIEL also banged out a BUY note today...
Kentz Corporation Broker Views
Date Broker Recommendation Price Old target price New target price Notes
26 Mar Investec Buy 469.50 600.00 600.00 Reiterates
26 Mar Oriel Securities Buy 469.50 - - Retains
More to come in the next 48 hours.
cynic
- 26 Mar 2012 17:36
- 96 of 124
a lousy 423k shares traded .... as i said, far too illiquid for my taste
goldfinger
- 27 Mar 2012 08:53
- 97 of 124
goldfinger
- 27 Mar 2012 08:59
- 98 of 124
KENTZ (KENZ)
Another broker reported BUY after the
close yesterday, Morgan Stanley Target SP
630p.
Date Company Name Broker Rec. Price Old target price New target price Notes
26 Mar Kentz Corporation... Morgan Stanley Equal weight 469.05 630.00 630.00 Retains
Another broker reported BUY after the
close yesterday, Morgan Stanley Target SP
630p.
Date Company Name Broker Rec. Price Old target price New target price Notes
26 Mar Kentz Corporation... Morgan Stanley Equal weight 469.05 630.00 630.00 Retains
goldfinger
- 27 Mar 2012 09:31
- 99 of 124
HB Markets Breakfast Today including: KENTZ, Lamprell, Aberdeen Asset Management, Easyje
http://www.proactiveinvestors.co.uk/columns/hb-markets/8809/hb-markets-breakfast-today-including-kentz-lamprell-aberdeen-asset-management-easyjet-8809.html?__utma=159696636.197062779.1331694796.1332722713.1332836682.6&__utmb=159696636.1.10.1332836682&__utmc=159696636&__utmx=-&__utmz=159696636.1332836682.6.6.utmcsr=t.co|utmccn=(referral)|utmcmd=referral|utmcct=/lA5b3xrw&__utmv=-&__utmk=18135801
http://www.proactiveinvestors.co.uk/columns/hb-markets/8809/hb-markets-breakfast-today-including-kentz-lamprell-aberdeen-asset-management-easyjet-8809.html?__utma=159696636.197062779.1331694796.1332722713.1332836682.6&__utmb=159696636.1.10.1332836682&__utmc=159696636&__utmx=-&__utmz=159696636.1332836682.6.6.utmcsr=t.co|utmccn=(referral)|utmcmd=referral|utmcct=/lA5b3xrw&__utmv=-&__utmk=18135801
goldfinger
- 27 Mar 2012 09:38
- 100 of 124
KENTZ (KENZ)
WOW GREAT WRITE UP
JUST OUT>>>>>>>
Stock to Watch: Kentz Corporation
By Edmond Jackson | Tue, 27/03/2012 - 00:00
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Genuinely strong results from Kentz Corporation (KENZ), the FTSE 250-listed engineering and construction services group to the natural resources industries, have reiterated its appeal during uncertain economic times.
Stubbornly high oil prices are helping sustain industry activity, making this a relatively secure sector, and Kentz is geared to faster-growing economies.
Reporting in US dollars, very good progress was made at the top line with a 29% increase in top-line revenue to $1.37 billion (£0.86 billion), albeit pre-tax profit lagging this rate, up 18% to $79.4 million partly because this margin slipped from 6.4% to 5.8% amid some non-recurring costs. Basic earnings per share rose 25% and the total dividend is proposed up 23%, both highly respectable.
Admittedly a lower tax rate of 22.8% compared with 27.4% in 2010 has helped, although this is not artificial: it derives from prudent tax planning and more profits being earned in lower tax jurisdictions.
Forecasts published in Company REFS indicate barely 10% earnings growth this year, similarly the dividend, although these projections were made over three months ago and don't appear to square with the momentum being reported.
At 470p currently the shares trade on about 14 times these 2012 earnings forecasts; however following the results Investec upgraded its 'hold' stance last October and is now targeting 600p a share - i.e. about 28% upside. This implies about 30% total shareholder return for new investors around the current level, including a 2% prospective yield.
The chief executive cites a 50% rise in work on hand during 2011, "a record backlog of $2.4 billion that gives us greater visibility of earnings, and supports our investment in building out our capability and resources". The total order intake to backlog is cited "up nearly 80% providing very good visibility of future work through to 2015". The pipeline of opportunities with key clients and sectors has grown 23% over $10 billion.
Oil, gas and petrochemical works have historically delivered about 75% of revenue, although mining and metals jumped last year amid construction projects in Southern Africa. The chief executive sees "huge potential still for Kentz; in the provision of more services to new and existing clients as well as in new geographies and sectors". During 2011 the development side of Kentz expanded to meet such opportunities.
The revenue breakdown shows Africa being the largest source of revenue at 41.8%, then the Middle East with 30.7% and Australasia with 17.3% - this element accounting for nearly 90%, hence useful diversification from European woes, also America if its economy stalls amid fiscal drag later this year. America is only 5.4% of revenue, the Far East 3.8% with Europe the remaining 1%. So Kentz is effectively an emerging markets share without the hassles of foreign share ownership.
From end-June to end-December 2011, gross cash grew by $27 million to over $238 million, ample resource for acquisitions and further organic growth - including assurance to clients the group has balance sheet strength to take on larger projects. Kentz has virtually no bank debt and the balance sheet shows a total of just $12.4 million finance leases in context of $237.7 million net assets. There is hardly any capitalised goodwill or intangible assets.
A main issue for the shares' rating is the market tending still to regard oil services as cyclical, hence a forward price-earnings multiple in the low teens. If superior growth rates continue then it is possible the rating will steadily improve.
While this may add to risk, say if another global crisis makes a higher rating look exposed, this company grew revenue and profit strongly in the 2008-09 recession even though its shares nearly halved below 100p during 2008. So the business risk is likely lower than the shares' market risk.
I first drew attention to Kentz at 240p in June 2010 (and again a year ago) when the market was hit by global recessionary fears, however the company had a substantial order book to underpin the next two years at least and brokers were increasing forecasts.
A rationale for the emerging economies to sustain energy demand was backed by an estimate from the International Energy Agency, that a staggering $1,100 billion a year needs investing in global energy supply infrastructure by 2030. Kentz's progress appears to verify this, and it is worth reiterating because it could underpin the company for relative outperformance over many years.
Nothing is guaranteed in equities, but Kentz offers an attractive long-term economic context supported by evidence in the company's figures. The last six years show excellent progress while the shares have only traded up to an average P/E in the mid teens, most likely because investors fear "oil services" are inherently cyclical. Yet this company's weighting to faster-growing economies has helped its shares climb the proverbial "wall of worry" and it would need a serious global shock to scupper their energy demand.
An Israeli strike against Iranian nuclear development would likely keep oil prices strong, if risking economic recovery in some areas; the European debt crisis is liable to boil over again at some point; and the American economy is not yet definitively in sustained recovery. But it would likely need all such risks coming together at once, to affect Kentz's markets - which have relatively long lead times for decisions anyway, so it is hard to envisage a hit.
Kentz therefore merits further attention for long-term capital growth, as a priority 'buy' especially when markets turn jittery. Its shares may occasionally fall with the trend but the underlying fundamentals show robust growth backed by a strong balance sheet.
Stock to Watch: Kentz Corporation http://precogz.com/N1F48E43DB0
WOW GREAT WRITE UP
JUST OUT>>>>>>>
Stock to Watch: Kentz Corporation
By Edmond Jackson | Tue, 27/03/2012 - 00:00
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Genuinely strong results from Kentz Corporation (KENZ), the FTSE 250-listed engineering and construction services group to the natural resources industries, have reiterated its appeal during uncertain economic times.
Stubbornly high oil prices are helping sustain industry activity, making this a relatively secure sector, and Kentz is geared to faster-growing economies.
Reporting in US dollars, very good progress was made at the top line with a 29% increase in top-line revenue to $1.37 billion (£0.86 billion), albeit pre-tax profit lagging this rate, up 18% to $79.4 million partly because this margin slipped from 6.4% to 5.8% amid some non-recurring costs. Basic earnings per share rose 25% and the total dividend is proposed up 23%, both highly respectable.
Admittedly a lower tax rate of 22.8% compared with 27.4% in 2010 has helped, although this is not artificial: it derives from prudent tax planning and more profits being earned in lower tax jurisdictions.
Forecasts published in Company REFS indicate barely 10% earnings growth this year, similarly the dividend, although these projections were made over three months ago and don't appear to square with the momentum being reported.
At 470p currently the shares trade on about 14 times these 2012 earnings forecasts; however following the results Investec upgraded its 'hold' stance last October and is now targeting 600p a share - i.e. about 28% upside. This implies about 30% total shareholder return for new investors around the current level, including a 2% prospective yield.
The chief executive cites a 50% rise in work on hand during 2011, "a record backlog of $2.4 billion that gives us greater visibility of earnings, and supports our investment in building out our capability and resources". The total order intake to backlog is cited "up nearly 80% providing very good visibility of future work through to 2015". The pipeline of opportunities with key clients and sectors has grown 23% over $10 billion.
Oil, gas and petrochemical works have historically delivered about 75% of revenue, although mining and metals jumped last year amid construction projects in Southern Africa. The chief executive sees "huge potential still for Kentz; in the provision of more services to new and existing clients as well as in new geographies and sectors". During 2011 the development side of Kentz expanded to meet such opportunities.
The revenue breakdown shows Africa being the largest source of revenue at 41.8%, then the Middle East with 30.7% and Australasia with 17.3% - this element accounting for nearly 90%, hence useful diversification from European woes, also America if its economy stalls amid fiscal drag later this year. America is only 5.4% of revenue, the Far East 3.8% with Europe the remaining 1%. So Kentz is effectively an emerging markets share without the hassles of foreign share ownership.
From end-June to end-December 2011, gross cash grew by $27 million to over $238 million, ample resource for acquisitions and further organic growth - including assurance to clients the group has balance sheet strength to take on larger projects. Kentz has virtually no bank debt and the balance sheet shows a total of just $12.4 million finance leases in context of $237.7 million net assets. There is hardly any capitalised goodwill or intangible assets.
A main issue for the shares' rating is the market tending still to regard oil services as cyclical, hence a forward price-earnings multiple in the low teens. If superior growth rates continue then it is possible the rating will steadily improve.
While this may add to risk, say if another global crisis makes a higher rating look exposed, this company grew revenue and profit strongly in the 2008-09 recession even though its shares nearly halved below 100p during 2008. So the business risk is likely lower than the shares' market risk.
I first drew attention to Kentz at 240p in June 2010 (and again a year ago) when the market was hit by global recessionary fears, however the company had a substantial order book to underpin the next two years at least and brokers were increasing forecasts.
A rationale for the emerging economies to sustain energy demand was backed by an estimate from the International Energy Agency, that a staggering $1,100 billion a year needs investing in global energy supply infrastructure by 2030. Kentz's progress appears to verify this, and it is worth reiterating because it could underpin the company for relative outperformance over many years.
Nothing is guaranteed in equities, but Kentz offers an attractive long-term economic context supported by evidence in the company's figures. The last six years show excellent progress while the shares have only traded up to an average P/E in the mid teens, most likely because investors fear "oil services" are inherently cyclical. Yet this company's weighting to faster-growing economies has helped its shares climb the proverbial "wall of worry" and it would need a serious global shock to scupper their energy demand.
An Israeli strike against Iranian nuclear development would likely keep oil prices strong, if risking economic recovery in some areas; the European debt crisis is liable to boil over again at some point; and the American economy is not yet definitively in sustained recovery. But it would likely need all such risks coming together at once, to affect Kentz's markets - which have relatively long lead times for decisions anyway, so it is hard to envisage a hit.
Kentz therefore merits further attention for long-term capital growth, as a priority 'buy' especially when markets turn jittery. Its shares may occasionally fall with the trend but the underlying fundamentals show robust growth backed by a strong balance sheet.
Stock to Watch: Kentz Corporation http://precogz.com/N1F48E43DB0
cynic
- 27 Mar 2012 10:56
- 101 of 124
Stock to Watch: Kentz Corporation
By Edmond Jackson | Tue, 27/03/2012 - 00:00
and who is this guy? ..... racing certainty he has a vested interest in pumping the stock
By Edmond Jackson | Tue, 27/03/2012 - 00:00
and who is this guy? ..... racing certainty he has a vested interest in pumping the stock
goldfinger
- 27 Mar 2012 17:14
- 102 of 124
What youve never heard of Edmond ?????????????.
Bloody hell cyners hes been around for years.
A bit like you he says it as he sees it. Respected Stock analyst and media reporter.
You can find him on ample and on board across road posting.
Bloody hell cyners hes been around for years.
A bit like you he says it as he sees it. Respected Stock analyst and media reporter.
You can find him on ample and on board across road posting.
goldfinger
- 27 Mar 2012 17:14
- 103 of 124
Hes a decent chap cyners. youd like him.
cynic
- 27 Mar 2012 17:33
- 104 of 124
perhaps i missed it, but did he say whether or not he had a financial interest in this company?
goldfinger
- 28 Mar 2012 00:51
- 105 of 124
Not sure, he normally doesnt but if he does declares it.
cynic
- 28 Mar 2012 07:30
- 106 of 124
fair enough then
goldfinger
- 28 Mar 2012 07:43
- 107 of 124
Hard man to please You cyners . Your OK though.
cynic
- 28 Mar 2012 07:49
- 108 of 124
indeed though had one hell of a lot going on in my life over the last 6 months or so, most of it good and interesting and now generally on the home straight ..... poor year in the markets, but did exceptionally well in previous two and this year has been very tough for everyone i think
goldfinger
- 28 Mar 2012 07:57
- 109 of 124
Hope you are seeing the light at the end of the tunnel mate. Good luck.
cynic
- 28 Mar 2012 08:29
- 110 of 124
not situations like that :-) .... just a lot of major projects all started coming together in a very short space of time instead of being nicely spread
steve2835 - 21 May 2012 16:59 - 111 of 124
looks as if these guys have some good projects on the go - found this interview with them, done today - Audio interview
dreamcatcher
- 08 Dec 2012 21:29
- 112 of 124
Going after a pipeline of contracts worth $13.1 billion . This should see the company maintain its record of double digit EPS growth . The current rating fails to reflect this potential . Based on a consensus forecast 2013 EPS of 41.4p it trades on a price/earnings ratio of 8.9 against a sector average of 11.5. The irish company has a strong track record of execution and unlike mid-cap peers such as Cape and Lamprell has not blotted its copy book by warning on profits since becoming a public company in Feb 2008.Its robust performance is supported by a diverse business mix and wide geographical spread. It is active in the Americas,Canada, Dominican Republic, South Africa, Mozambique, Middle East, Russia and Australia and its client base is principally made up of blue chip companies.
The £427 million cap is good at positioning itself for future growth. A long-term training agreement with the Mozambique government ,for example, means Kentz is well placed to take advantage of the opportunities arising from the large liquefied natural gas facilities set to be developed off the country's coast.
The dividend yield, at 2.5%, is nmodest but the company is commited to a progressive policy and the dividend per share increased from 5.7c in 2008 to 12.3c in 2011.
dreamcatcher
- 18 Jan 2013 07:06
- 113 of 124
Pre-close Trading Update
RNS
RNS Number : 8316V
Kentz Corporation Ltd
18 January 2013
Kentz Corporation Limited (the "Company")
Trading Update
London, 18 January 2013 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, announces a pre-close trading update ahead of its results for the year ended 31 December 2012, due to be published on 25 March 2013.
· Earnings per share (diluted) for 2012 in line with analyst consensus, reflecting strong growth on 2011
· Backlog of US$2.57 billion at the end of December 2012, up 7% from December 2011
· Order intake of US$1.72 billion to the end of December 2012
· Pipeline of prospects increased 32% to US$13.2 billion at December 2012 (December 2011: US$10.0 billion)
· Net cash balance of approx. US$220 million at the end of 2012
Christian Brown, Chief Executive Officer of Kentz commented:
"2012 was another successful year for Kentz in which the Company again delivered strong earnings growth. The outlook for 2013 continues to be positive with backlog growing to US$2.57 billion and over 65% of target 2013 revenues under contract.
"Our success in growing our backlog and sales pipeline is underpinned by our ability to successfully execute projects and secure repeat business from our major clients. Against this backdrop we have also added further opportunities to our pipeline of prospects all of which gives us excellent earnings visibility and confidence that we will deliver double digit earnings growth in 2013."
Operational update
Kentz's operations worldwide have performed very well during 2012 with growth achieved in the Construction and Technical Support Services business units. Continuing to strengthen the EPC business unit is a key focus for the Company and a range of options to achieve enhanced growth in this part of the Group are currently being assessed.
The order intake of US$1.72 billion in 2012 demonstrates continued ability to win new projects and achieve natural growth on existing contracts, in what remains an uncertain economic environment. Despite this climate, having over 65% revenue cover from orders on hand is in line with our expectations and also with prior years' experience. This achievement, coupled with the continuing solid margin levels supports our confidence in achieving our targets in 2013.
Cash Position
The Group's cash position remains strong. Net cash at the end of December 2012 was approximately US$220 million and provides a sound financial base from which to support continued growth.
Ends
RNS
RNS Number : 8316V
Kentz Corporation Ltd
18 January 2013
Kentz Corporation Limited (the "Company")
Trading Update
London, 18 January 2013 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, announces a pre-close trading update ahead of its results for the year ended 31 December 2012, due to be published on 25 March 2013.
· Earnings per share (diluted) for 2012 in line with analyst consensus, reflecting strong growth on 2011
· Backlog of US$2.57 billion at the end of December 2012, up 7% from December 2011
· Order intake of US$1.72 billion to the end of December 2012
· Pipeline of prospects increased 32% to US$13.2 billion at December 2012 (December 2011: US$10.0 billion)
· Net cash balance of approx. US$220 million at the end of 2012
Christian Brown, Chief Executive Officer of Kentz commented:
"2012 was another successful year for Kentz in which the Company again delivered strong earnings growth. The outlook for 2013 continues to be positive with backlog growing to US$2.57 billion and over 65% of target 2013 revenues under contract.
"Our success in growing our backlog and sales pipeline is underpinned by our ability to successfully execute projects and secure repeat business from our major clients. Against this backdrop we have also added further opportunities to our pipeline of prospects all of which gives us excellent earnings visibility and confidence that we will deliver double digit earnings growth in 2013."
Operational update
Kentz's operations worldwide have performed very well during 2012 with growth achieved in the Construction and Technical Support Services business units. Continuing to strengthen the EPC business unit is a key focus for the Company and a range of options to achieve enhanced growth in this part of the Group are currently being assessed.
The order intake of US$1.72 billion in 2012 demonstrates continued ability to win new projects and achieve natural growth on existing contracts, in what remains an uncertain economic environment. Despite this climate, having over 65% revenue cover from orders on hand is in line with our expectations and also with prior years' experience. This achievement, coupled with the continuing solid margin levels supports our confidence in achieving our targets in 2013.
Cash Position
The Group's cash position remains strong. Net cash at the end of December 2012 was approximately US$220 million and provides a sound financial base from which to support continued growth.
Ends
dreamcatcher
- 18 Jan 2013 08:43
- 114 of 124
Repeat business underpins healthy results at Kentz Corp.
Fri 18 Jan 2013
KENZ - Kentz Corporation Ltd
LONDON (SHARECAST) - The holding company of engineering and construction group Kentz Corporation has announced a pre-close trading update ahead of its results for the year ending December 31st.
The group announced a backlog of $2.57bn at the end of December, up 7.0% from December 2011, and an order intake of $1.72bn.
Pipeline prospects increased 32% to $13.2bn and the group had a net cash balance of approximately $220m at the end of 2012.
Christian Brown, Chief Executive Officer of Kentz, commented: “The outlook for 2013 continues to be positive with backlog growing to $2.57bn and over 65% of target 2013 revenues under contract.”
He added: "Our success in growing our backlog and sales pipeline is underpinned by our ability to successfully execute projects and secure repeat business from our major clients.
"Against this backdrop we have also added further opportunities to our pipeline of prospects all of which gives us excellent earnings visibility and confidence that we will deliver double digit earnings growth in 2013."
Fri 18 Jan 2013
KENZ - Kentz Corporation Ltd
LONDON (SHARECAST) - The holding company of engineering and construction group Kentz Corporation has announced a pre-close trading update ahead of its results for the year ending December 31st.
The group announced a backlog of $2.57bn at the end of December, up 7.0% from December 2011, and an order intake of $1.72bn.
Pipeline prospects increased 32% to $13.2bn and the group had a net cash balance of approximately $220m at the end of 2012.
Christian Brown, Chief Executive Officer of Kentz, commented: “The outlook for 2013 continues to be positive with backlog growing to $2.57bn and over 65% of target 2013 revenues under contract.”
He added: "Our success in growing our backlog and sales pipeline is underpinned by our ability to successfully execute projects and secure repeat business from our major clients.
"Against this backdrop we have also added further opportunities to our pipeline of prospects all of which gives us excellent earnings visibility and confidence that we will deliver double digit earnings growth in 2013."
dreamcatcher
- 18 Jan 2013 14:14
- 115 of 124
Sold my holding
mitzy - 25 Jan 2013 10:17 - 116 of 124
Back on track..?
Stan
- 19 Aug 2013 09:44
- 117 of 124
A bid from AMEC http://www.moneyam.com/action/news/showArticle?id=4652788
foitek - 19 Aug 2013 10:15 - 118 of 124
Drool...!!
mitzy - 17 Jan 2014 13:45 - 119 of 124
HARRYCAT
- 22 Jan 2014 15:01
- 120 of 124
Investec reiterates buy on Kentz, target increased from 600p to 775p.
Bones
- 25 Feb 2014 23:32
- 121 of 124
Price fairly belting up now, following the January statement. Bit premature there in post 115, DC......
mitzy - 23 Jun 2014 11:43 - 122 of 124
RNS on Offer..935p.
HARRYCAT
- 23 Jun 2014 12:06
- 123 of 124
SNC-Lavalin Group Inc. ("SNC-Lavalin") and Kentz Corporation Limited ("Kentz") are pleased to announce that agreement has been reached on the terms of a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of Kentz will be acquired by SNC-Lavalin (GB) Limited ("SNC-Lavalin Bidco"), a wholly-owned subsidiary of SNC-Lavalin. It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Article 125 of the Companies Law.
· Under the terms of the Acquisition, each Scheme Shareholder will be entitled to receive:
935 pence in cash for each Scheme Share
· The Acquisition values Kentz's existing issued and to be issued ordinary share capital at approximately £1,164 million.
· Under the terms of the Acquisition, each Scheme Shareholder will be entitled to receive:
935 pence in cash for each Scheme Share
· The Acquisition values Kentz's existing issued and to be issued ordinary share capital at approximately £1,164 million.
skinny
- 23 Jun 2014 12:32
- 124 of 124
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