Updates

Kentz - Strong pipeline of order prospects

October 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.

Kentz has produced cheerful interims, with good progress from new orders being the highlight. The period to 30 June saw revenues rise 32% to US$434m, while pretax profit increased 36% to US$25.2m. Eps rose almost 35% to 14.9 cents while gross cash increased almost 10% to US$197.8m. Kentz, which erects accommodation blocks and support infrastructure such as power, water, waste and telecoms for new build projects like LNG plants and oil terminals, won new orders worth US$664m in the seven months to end July compared with just over US$1bn in 2009. That took its backlog to US$1.6bn, a 7% rise from the end of last year. Since then it has won a US$36m contract from Qatar Petroleum, while going forward it is excited about prospect ...

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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 - 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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