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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Kentz - Huge contract win

August 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KENZ
  • Price:
  • 484p
The shares jumped 30p to a new high of 494p after the company announced that its 35% owned joint venture, CBI Kentz, had won a huge US$2.3bn construction contract from Chevron to work on the LNG Gorgon Project on Barrow Island, Western Australia. The scope of work includes structural, mechanical, piping, electrical, instrumentation and commissioning support for the construction of three LNG trains and will start immediately and continue through to 2015. Originally added to the portfolio at 132p in March '08 and tipped several times since, most recently as a main write-up in May at 419p, the shares have performed extremely well. However, with management hinting at the possibility of more hefty contract wins and the shares li ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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