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.

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.

Moving up nicely. Knocking on for 4% rise.

i have looked at this one quite regularly but choose to avoid, primarily on the basis that it is so illiquid

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.

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))

First broker breaks cover today.......

Kentz Corp Ltd
ALL-AIM
Energy
Buy
600
460
30.4%
Investec

600p SP target 30.4% upside.

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.

a lousy 423k shares traded .... as i said, far too illiquid for my taste

BUY here on bar Chart

http://www.barchart.com/quotes/stocks/KENZ.LS

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

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

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

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

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.

Hes a decent chap cyners. youd like him.

perhaps i missed it, but did he say whether or not he had a financial interest in this company?

Not sure, he normally doesnt but if he does declares it.

fair enough then

Hard man to please You cyners . Your OK though.

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