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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Kentz - Portfolio constituent sees strong order book growth

July 2008

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:
  • 185p
At its AGM, Kentz, the engineering contractor focused on the oil & gas and petrochemical sectors, announced that its strong trading performance has continued with its order backlog increasing almost 39% to US$827m in the first four months. This was helped by an earlier contract win worth US$208m for the design and delivery of the main electrical systems of a research centre in Doha. Kentz also noted that it has a very strong pipeline of additional prospects, which it expects to convert into contracts later in the year. The shares have performed well since being added to our Trader Portfolio at 132p, with the gain reaching 40%. But as it operates in just about the hottest space right now we see more fireworks to come. ...

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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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