Updates

Kentz - Backlog providing strong sales visibility

March 2010

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.

In a pleasing update, Kentz stated that it achieved a strong performance in 2009 with revenues and profits in line with expectations. The stand-out feature was an improvement in its sales visibility with its backlog increasing to almost US$1.5bn as at end of December, of which US$661m will fall into 2010 and US$836m into 2011 and beyond. Evolution has increased its current year sales forecast 7% to US$860m (75% covered by the back-log), while eps upgraded 5% to 30.5 cents (11.2p), implying 17% year-on-year growth. Kentz should continue to rise if management finally deploys some of its huge US$165m net cash pile on a much awaited acquisition but even without that catalyst the shares are still cheap, as stripping the cash out ...

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PZ Cussons

Lok'n'Store - Occupancy and prices rising again

Kentz - Ex-cash prospective PE just 8.7 (May 2013)

Kentz - Ex-cash prospective PE just 8 (December 2012)

Kentz (July 2012)

Kentz - 100p-a-share cash pile (May 2012)

Kentz - Slightly ahead of expectations (March 2012)

Kentz - Backlog drops by half (January 2012)

Kentz - FTSE-250 promotion driving shares (October 2011)

Kentz - Huge contract win (August 2011)

Kentz - Order pipeline in excess of US$3.7bn (July 2011)

Kentz - Riding boom in energy infrastructure (May 2011)

Kentz - Eyeing more contract wins (March 2011)

Kentz - Strong pipeline of order prospects (October 2010)

Kentz - Share price tops 250p for first time (May 2010)

Kentz - Another contract win (December 2009)

Kentz - Order backlog up 38% (November 2009)

Kentz - Wins new US$30m contract (September 2009)

Kentz (July 2009)

Kentz - Order backlog increased to over US$1bn (March 2009)

Kentz - Order backlog up 50% (November 2008)

Kentz (October 2008)

Kentz - Portfolio constituent sees strong order book growth (July 2008)

Kentz - New 190p price target (May 2008)

Kentz Corporation - High quality new issue in oil services (April 2008)

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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