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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Kentz - Order backlog up 50%

November 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:
  • 112p
High energy prices have helped Kentz, the engineering contractor focused on the oil & gas and petrochemical sectors, achieve respectable results. For the six months to 30 June revenues increased 34% to US$328m, which drove a 52% rise in pretax profit to US$16.8m. Pretax profit margins rose from 4.5% to 5.1% while eps before float costs increased 21% to 11 cents. Helped by the float proceeds net cash was US$195m. Kentz, which erects accommodation blocks and support infrastructure such as power, water waste and telecoms for new build projects such as LNG plants, oil terminals and production facilities, is a company at the right place and time to benefit from the huge investment being experienced in the oil & gas sector. This ...

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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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