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KENZ Kentz

934.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kentz LSE:KENZ London Ordinary Share JE00B28ZGP75 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 934.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 934.00 GBX

Kentz (KENZ) Latest News

Real-Time news about Kentz (London Stock Exchange): 0 recent articles

Kentz (KENZ) Discussions and Chat

Kentz Forums and Chat

Date Time Title Posts
16/1/201500:50KENTZ - New float in Oil Services5,167
03/7/201408:55Malcolm Graham-Wood, discusses Kentz Corporation LTD live on TipT-
02/1/201410:15*** Kentz ***9
05/8/201018:46On Your Marks..........166
10/8/200804:49Kentz Engineers & Constructors120

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Kentz (KENZ) Most Recent Trades

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Kentz (KENZ) Top Chat Posts

Top Posts
Posted at 30/6/2014 09:17 by rivaldo
Interesting little bubble up in the share price first thing this morning.

Nice interview here - but it serves to advertise the savings possible for any predator for KENZ. With the deal not complete yet will anyone else step up to the plate?
Posted at 23/6/2014 12:08 by tom9999
Banked. Share price so close to offer suggests people think there will be a counter offer but I doubt it at that price. Strong offer
Posted at 10/6/2014 23:01 by alter ego
Whizzy1, the market cap is just what it would cost to buy every share in a company. So, a higher share price means a higher value whereas issuing more shares simply makes each one worth a bit less unless something else adds value. The usual driver of value is earnings, eps. If you can double your eps, you should expect to double the share price. That'swhy companies that are growing fast have higher p/e ratios than those that are growing slowly. The market ascribes a higher rating to high growth companies because itvexpects the share price to be higher in future based on higher earnings.
Kenz Is thought by some, including me to be under rated. It expects eps to grow by 45% but has a p/e ratio of 12ish which isnt reflective of that and suggests the market doesnt believe the growth will happen. We will have to see but if kenz does achieve impressive growth in eps, the share price will adjust IMO.
Posted at 10/6/2014 11:21 by rivaldo
MGW's blog today- he has a 900p target:



"Kentz Corp

Another good contract from Kentz this morning this time from long time customer Qatargas who have awarded work to the value of $125m for their plant as Ras Laffan. This is an EPICC contract which strengthens their capabilities in LNG train lifecycle enhancement and also adds to the company's development in the EPC and ME parts of the business. The Kentz share price has rewarded my faith in the company by bouncing nicely off 660p, a place which for its order book and conversion success rate it should never have got to. I still feel that there is upside well beyond the 750p high and my target price of 900p is eminently achievable."
Posted at 19/5/2014 07:41 by rivaldo
Thanks for the AGM notes Mark, and good to see you topping up.

Broker update with an 810p target:



"Broker snap: Kentz a buy on optimistic growth outlook, says Investec
Fri, 16 May 2014

Kentz's interim statement on Friday paints an optimistic growth picture for 2014 and beyond, according to Investec.

The engineer said it achieved higher order intake and backlogs in the year to date. Backlog at the end of April was $4.5bn, up from $2.8bn a year earlier, and order intake came to $1.8bn in the first four months, compared to £1.7bn last year.

"The key number is its $4.5bn order book, +47% since end-2013 and up a further 10% since the most recently disclosed figure at end-February," Investec said.

"We leave our forecasts unchanged but believe the recent pull-back in the share price offers an attractive entry point. Buy."

The broker issued a target price of 810p and said Kentz is trading on a 2014/15 price to earnings multiple of 10.9x, a 13% discount versus Investec's sector average and a 16% discount versus its target sector.

"We see a 5% discount as achievable given Kentz's earnings growth, strong bid pipeline and financial strength. his implies a target price of 810p. Key risks are commodity prices/client spending levels."
Posted at 16/4/2014 17:10 by fizzypop
Disagree Fruitninja84. Currently Dow +0.71%, Nasdaq +0.87%, VIX below 15.
Kenz, being a quality share, was bound to bounce back sharply. Short term noise in my opinion. Buying on the up is usually a tad too late. I may be wrong and the DOW may tank but Kenz will retain value despite any gyrations in the share price
Posted at 06/4/2014 17:12 by wexboy
Company: Kentz Corp

Prior Post(s): 2012 & 2013

Ticker: KENZ:LN

Price: GBP 750p

And Kentz marches ever onward... Shareholder must now be breathing a sigh of relief that management emphatically rejected the Amec and M&W Group bid approaches last August. There was a pretty measly premium on offer, anyway – so I suspect even a protracted bid battle wouldn't have produced an acceptable take-out price for shareholders. The excellent share price performance since is rousing confirmation of the wisdom of management's decision. But now we obviously have to wonder if the shares have gotten ahead of themselves..?

Well, the business continues to go from strength to strength. We've seen some large wins in the past 6 months – the $640 million Ichthys LNG Project & the 190 M Qatar Petroleum contract, for example. All told, the company now enjoys a 4.1 B backlog (as of end-Feb, up 58% from Dec-2012), and a colossal 15.6 B pipeline (up 18% yoy). It also pulled off a 435 M acquisition of Valerus Field Solutions, which adds an additional 493 M of revenue (and 51.5 M of EBITDA). Capping this, final results were released last week, which confirmed 17.3% EPS growth.

The operating profit margin's now 6.9%, on nearly 1.7 B of revenue, but this is tempered by continued working capital investment – not unusual for a company like Kentz. Considering the history of success, and the current backlog/pipeline, it might seem unfair to handicap my valuation because of this cash shortfall – but let's be conservative here: The current operating free cash flow margin is 3.4%, so let's average the two & utilize a 5.2% adjusted margin (or 85 M). But this allows us to be generous & assume 100% of the Valerus EBITDA will be realized as margin (at least on a cash basis). This bumps our adjusted margin up to 137 M, on a new revenue run-rate of almost 2.2 B – a 6.4% adjusted margin. This continues to deserve a 0.6 P/S multiple. With 400 M of the Valerus acquisition to be funded with a loan, interest expense should jump to around 21 M, a whisper over 15% of our adjusted margin. Therefore, we'll no longer add a (positive) debt adjustment, but we can certainly still adjust for the company's cash pile (247 M less 35 M earmarked for Valerus). Things are much simpler on the earnings front: EPS has increased by 17.3% & 19% in the past two years, and has generally exhibited similar/superior earnings growth in the past. I'll stretch to a 20 P/E multiple for that kind of quality:

(USD 0.681 EPS * 20 P/E + (2,150 M Revenue * 0.6 P/S + 212 M Cash) / 118 M Shares) / 2 / 1.6638 GBP/USD = GBP 792p

Kentz is probably the type of company (& sector) investors instantly love or hate...but judging by the figures & its long-term record, it remains marginally under-valued at this point. Barring some unforeseen project disaster, it's reasonable for shareholders to also expect another significant uplift in intrinsic value within the next year, based on the current backlog & pipeline. Not to get all starry-eyed, but it's worth highlighting Kentz' market cap is still under $1.5 B – a mere tiddler in the industry – which suggests its best growth opportunities may still be ahead, rather than behind it...

Price Target: GBP 792p

Upside/(Downside): 6%

_
Posted at 04/3/2014 07:27 by rivaldo
Nice tip for KENZ overnight:

"Buy Kentz says Nifty Fifty Co-Editor Steve Moore

On the back of a trading update for 2013 last month, I updated that the rating of international engineering, procurement, construction and technical support services group Kentz (LSE:KENZ) in the context of a continually positive outlook meant that I continued to believe that patient investors would likely do well from the then 632.5p share price - see HERE.

The following updates with the company having since announced two contracts wins and with the shares currently at 720p.

Last week the company announced the award of a $640 million contract for the structural, mechanical and piping construction package for the Ichthys project onshore LNG facilities in Australia to its joint venture with Australian-headquartered UGL Ltd.

This is scheduled to commence in August and followed the announcement of a $62 million contract award to the company's recently acquired oil and gas handling business Valerus to provide the engineering, procurement, construction and commissioning of two compressor stations in the USA.

Following also the positive January trading statement, which noted that the company foresees "the delivery of yet another strong performance in 2014", and with earnings per share forecasts for 2014 of circa $cents95 (57p, on revenue approaching £1.5 billion), the shares enjoyed a very strong run recently – reaching 776.5p last month.

However, having since slipped back to current levels and with the current positive trading momentum suggesting earnings per share of 65p+ continue to be realistic for next year, the rating continues to look not overly aggressive, indeed arguably undemanding, ahead of a 24th of this month scheduled announcement of annual results. BUY"
Posted at 10/12/2013 16:20 by rivaldo
UBS has just upped its target to 730p - for the moment :o))

http ://www.proactiveinvestors.co.uk/columns/broker-spotlight/14861/broker-round-up-bskyb-kentz-trinity-exploration-production-iag-ryanair-ubm-14861.html

"UBS is instead urging its clients to snap up shares in Kentz (LON:KENZ), which yesterday announced the acquisition of Valerus Field Solutions, a US-based onshore oil services group.

The broker increased its target price following yesterday's share price rise. It is now aiming for £7.30 from £6, with the share price nearing £6.80.

"We see the deal as positive in opening up new geographic areas and customer bases – this is where Kentz sees value-add," said UBS tipster Caroline Hickson.

"We think in time the division will be integrated into Kentz, but for the time being, we think it prudent not to assume any significant synergies.""
Posted at 18/11/2013 10:25 by rivaldo
KENZ is up around 40% on my average buying price, so I'm perfectly happy with KENZ' "predictable" share price reaction over the last few months. All those who were predicting gloom and doom following the lapsing of the bid have been proven totally wrong.

In addition, the share price is up 9p today in what is a pretty miserable market overall, with a number of companies announcing profit warnings or just downbeat narrative.

The share price is basically up to where it was for the bid. Give KENZ a couple of days with the market being positive, or one of those new contracts hinted at today - or possible American buying this afternoon following this IMS - and let's see where the share price ends up.
Kentz share price data is direct from the London Stock Exchange

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