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.

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.

No probs. dandu

KENTZ (kenz)

Chart actually looks rather bullish
to me and ready to turn about.

Lovely ascending bullish triangle.

Missed this broker upgrade

Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
451
33.0%
Investec

Target SP 600p Upside 33%

Uniformly good broker views.

http://sharedealing.nandp.co.uk/broker-views/KENZ/Kentz-Corporation-news

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.

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.

sp down 5% today?

Same as you astonished.

Mind theirs been funny action in quite a few i hold. Just the market?.

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.

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/

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.

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

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.

Chairman's Report



Kentz delivered another impressive performance in 2011, with growth in order intake, sales and earnings finishing ahead of expectations.

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.