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.

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

I am liking kentz more by the day will not sell till 200p min.

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 .

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.

as i said, it's a sector i like

I truely believe EVO's 170p is a bit conservative for a price target perhaps 200p would be more appropriate..thanks moneyplus.

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.

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.

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

I do not believe this is falling...

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

A reversal on the day onwards to 170p if the chart is correct.

Pleasing rise today.

very strong progress based on solid fundamentals goibg forward

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.

A few more buys this morning should take us back above 160p again.

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

Bit quiet on the risers front considering mostly all buys today .

trying to breach 180p .

Another quiet thread.