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.

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.

with risible trading volume, why should you be surprised?

With oil $116 tonite I expected more from Kenz.

better off backing the established contenders like WG. or WSM or PFC

I know but mised the boat there cynic but I do like PFC as it s more oil related.

plenty of price action today and some big buys .

KENZ - spread 5p ..... sp +3p ..... volume 68k

mitzy .... you must be looking at another stock

Take another look..!

wow!
spread now only 3p .... sp +4p .... volume 110k

still early days here but it's nice to see a new high.