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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Kentz - Slightly ahead of expectations

March 2012

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:
  • 472p
With a potential showdown between the US and Iran inching oil prices ever upwards, the outlook for Kentz remains strong. Its latest update noted that results for the year to 31 December would be marginally ahead of consensus expectations. Highlights included a record backlog of US$2.4 bn, up 50% over 2010, underpinned by further new awards and natural growth on existing contracts. The pipeline of prospects sits at just over US$10bn, whilst the cash position remains strong at around US$223m, an increase of US$45m from last June. Tipped again at 419p last May after initially adding them to the TMI portfolio at 132p in March '08, the shares still trade on an ex-cash PE of just 10.7. Buy ahead ...

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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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