Kentz Share Discussion Threads

[ygor706] 16/9/2013 17:39

For months before the bid there seemed to be a big seller around at the 440/450p level. The bid must have cleared that situation and we now have two independent views of the value of the business as it currently stands. I'm still thinking that other bidders with deeper pockets and a more positive attitude may well yet emerge but even without that I'm anticipating a better performance from the share price from here on.

[jeffian] 16/9/2013 10:33

Yes, if it settles in that range the bid will have done the job by making the market apply a fairer value and I'll be happy. I'd be even happier if they were a bit more generous with the divi.

[rivaldo] 16/9/2013 10:16

T'was indeed an extremely confident update. Good to see KENZ back above 500p now.

Interesting to see whether the share price now gets back to say 540p-550p based on the cheap fundamentals alone without any bid froth.

[haywards26] 13/9/2013 16:11

I like the RNS of today from Kentz. Strong and advertising the strengths and undervaluation here :)

[wipo1] 13/9/2013 14:43

It looks like a new range, 475p support, 500p resistance. i am still watching

[markgahagan] 13/9/2013 11:40

RivaldoThanks for that article. Spot on. That is what I was trying to say above. This is value. The bidders knew the value. There is plenty of margin of safety buying at current price.

[rivaldo] 13/9/2013 11:12

Brief comment in this morning's Mail sums it all up in two lines:



"Broker Oriel Securities is a buyer of Kentz and says it remains an attractive target and the bid simply flagged the value that has been overlooked by the market."

[lucky_lady] 13/9/2013 10:21

I sold half my holding at 595.08p with Barclays. I can see the high of the day
was 591.00 so was really lucky to the a higher price. Still holding the rest.
Not so lucky yesterday though as I hold Kenz and Dialight and both were big losers.

[wipo1] 13/9/2013 09:57

yeah i sold nearly half a at 587p,another lot at 576p then the last at 572p.I was fairly new to kenz my average price was 400p I mind it went down to 355p near my stop so I was lucky on this occasion.

[markgahagan] 13/9/2013 09:46

19/08/2013.1350hrs Spreadex sold at 593.9p. If it bothers you that much. Give them a ring.

[emmo1210] 13/9/2013 09:34

I'm astounded at how many people can say they booked profits at or above 590p when the share price only reached this point momentarily!

[felix99] 13/9/2013 09:26

Have bought some more 474 and 478 to add to a few yesterday.

460 -470 is where I would like to buy.

If you think pre bid KENZ was knocking around 430 area and in our view undervalued . Rest of market has risen since then so I think even without a bid and continued undervaluation we would be trading at 450/460 imho.

All the publicity of the bid has woken peeps up to the valuation anyway so perhaps we will see a re-rating now its on a lot of peoples radar that it wasn't previously?

[markgahagan] 13/9/2013 09:04

My only interest in these short term pricing issues is whether they provide an opportunity to buy a good business below its value. In my humble opinion KENZ is now priced well below its true value and I am back in, having previously booked profits above 590 when the deal was announced. Happy days.

[revoman] 13/9/2013 08:42

We KNOW that Kentz are looking for an acquisition or two and have been for a while (and they'll be very fussy about getting the right business(es)) so something could be announced shortly, we KNOW some big tenders they've bid for will announced before the end of '13 so there may be some good new contracts announced, and we KNOW a third bidder could just possibly step in and make a bid. So it's hardly doom and gloom!

[liam1om] 13/9/2013 08:32

At 450 I'd be buying back in here I think, I cant see the attraction of buying at the moment.

Both bidders have pulled out and cant rebid for 6 months.

[melody9999] 13/9/2013 08:18

Sold at 590 because I felt that was a healthy premium. On the other hand FWEB takeover bid the same week and I am still holding awaiting news and possible counter-offer. You pays your money and you takes your choice.

I now have an order in at 465p. Maybe I will get filled, maybe not. Chart wise there is strong support at 440p so somewhere just below would be my stop loss.

I expect the share price to drift for a few weeks once all this noise is out of the way, but who knows. If I was KENZ I would be looking to announce some contract win or similar to steady the ship now.

[minimal] 13/9/2013 08:07

This was my first bid, so I wanted to ride it out for as long as I could. But when the price dropped below 530 I did re-consider.

Still, a profitable turn of events for allot of us, I'll buy back in at 430-440 I think.

[bulltradept] 13/9/2013 07:50

£4.50 anyone?

[blapighead] 13/9/2013 07:16

Yes quite right should be able to get some pickings now the rns is out, will buy in later today

[fargonorthdakota] 13/9/2013 07:12

Should be able to grab a bargain today with both bidders out of the running...

[haywards26] 12/9/2013 22:34

You gambled on there being no bid. This was a risk with a minimum of two interested parties who were contemplating a formal offer for Kentz. On this occassion your gamble paid off.

Investing to me is not about taking chances or gambling. It is about backing a strong company at a reasonable/bargain price. The value is then outed through business performance and the market recognising the under valuation in comparison to business performance/strength.

Yesterday's share price or tomorrow's share price really is of little concern, and does not alter the fundamental or performance of a company.

[pyemckay] 12/9/2013 21:56

i didnt gamble at all. I sold out at a good price and can buy considerably cheaper. Good portfolio planning imo.

The gamblers were holding on for a bidding war that didnt take place.

Im keen on Kenz but in no hurry to get back in.