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Kentz - 100p-a-share cash pile

May 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.

The announcement that two non-exec directors have sold 12m shares (or 10%) while retaining c. 15% has dragged the price back towards where we tipped them a year ago but Kentz has nevertheless made great strides in that period. Final results for the year to 31 December showed turnover rising 29% to US$1.37bn (beating Oriel's forecasts of US$1.28bn). Although pretax profit, which rose 18% to US$79.4m and eps, which increased 23% to 49 cents (31p), were only â€œin lineâ€ this reflected extra investment, plus one-off costs associated with the move to the Full List. Net cash increased 15% to US$183m (100 pence per share) while the order backlog increased from US$1,570m to US$2,401m, largely thanks to its joint venture landing th ...

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Shaft Sinkers

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

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

Kentz (July 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 - Backlog providing strong sales visibility (March 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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Kentz - 100p-a-share cash pile

May 2012

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