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.

A little old fashioned but I dont mind..



500p anyone..?

Its a damn impressive chart isn't it :)

Could be the best ipo in 2008,

Almost worth buying on Friday..

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

very nice! This is going to go up nicely over time I hope.

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.'

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.

Interesting to see where it goes from here, if its down it should be to 150p levels.......

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.

All the wrong tips for KENZ.

There was a decent commentary on Investors Champion, www.investorschampion.com, highlighting all the key issues with this one.

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."

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 .....

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.

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.

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?.

KENTZ (kenz)


TA starting to look positive on this
stock. Nice bullish uptrend channel
developing.

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

Thanks for the postings GF.