Kentz Share Discussion Threads

[bones] 21/3/2014 16:45

Substantial demand seen at the close with 830k shares (75% of the day's volume) exchanged in the auction at 7p above the last pre-close action. Curious!

[bones] 21/3/2014 08:46

"The question is whether this arises for Kentz mainly as a result of its acquisition of Valerus Field Solutions at the end of 2013, which is set to boost 2014's figures, but what might happen next?"

Somewhat cryptic comment.....

[rivaldo] 21/3/2014 07:21

Very good write-up today on i.i.i by Edmond Jackson will spread the word:

[...]

"Edmond Jackson's Stockwatch: Kentz Corporation a quality long-term growth play
By Edmond Jackson | Fri, 21st March 2014 - 00:00

Kentz Corporation a quality long-term growth play

Ahead of reporting prelims on Monday 24 March, it is interesting to consider how forecasts have been raised for Kentz Corporation (KENZ), especially as its price/earnings (P/E) multiple of about 20 times drops to 12 for its 2014 outlook.

Moreover, the price/earnings growth (PEG) ratio, a classic measurement of growth stocks, drops from a fairly full 1.6 times for the expected 2013 outcome, to a cheap 0.3 for 2014 - assuming forecasts are fair.

The PEG is considered to provide a better picture than the P/E because it takes earnings growth into account, a ratio below 1 generally being attractive.

The question is whether this arises for Kentz mainly as a result of its acquisition of Valerus Field Solutions at the end of 2013, which is set to boost 2014's figures, but what might happen next?

etc"

[activeservo] 19/3/2014 13:25

There is no reason why you can't invest in a strong business with slow organic growth whilst speculating on a takeover.

[marben100] 19/3/2014 12:01

Nor me, want to invest in a strong business, not speculate on takeovers.

[rivaldo] 19/3/2014 08:10

Agreed - happy to see continued progress and the business expanded sensibly as with the Valerus acquisition.

Another good EPC contract win announced today,

[whizzy1] 19/3/2014 07:45

No takeover for me thanks, I'm was looking for slow and steady organic growth, fortunately we have seen exponential growth and the odd bit of M & A recently.
Fantastic well run company Kentz, £10 on it's way here without a bid.

[simon42] 19/3/2014 07:40

Well timed/placed news to combat weak numbers at CIU today.

[activeservo] 19/3/2014 07:13

They won't have any news left at this rate. Yesterday's attempt lasted only 40 mins. Takeover is what we're all looking for.

[curlylocks] 19/3/2014 07:09

Kentz Corporation Ltd Valerus wins US$38m contract from Cardón IV





Print


Alert


TIDMKENZ

RNS Number : 6229C

Kentz Corporation Ltd

19 March 2014

Valerus wins US$38m contract from Cardón IV

London, 19 March 2014 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce that Valerus, its oil and gas handling company in the US, has been awarded a contract from Cardón IV to provide engineering and procurement of a simplified early production plant in Punto Fijo, Venezuela. This US$38m contract award follows the previously announced award in November 2013 for engineering, procurement and construction of a gas conditioning and condensate stabilisation facility, also in Venezuela. Engineering, procurement and construction for the early production plant in Punto Fijo will enable first gas from the Perla field in Venezuela.

The early production plant, to be designed and constructed on a fast-track execution strategy, will be operational by the fourth quarter of 2014 and will deliver 150 million standard cubic feet per day of gas. The permanent installation will operate independently to boost production as necessary from the Perla field. It is anticipated that this project will be a significant step towards developing the full field. Valerus will again combine local resources with Lindsay Venezuela to execute the project.

Steve Gill, Chief Executive Officer of Valerus commented: "Valerus is proud to have been awarded this contract to again partner with Cardón IV and to have the opportunity to continue working together to provide energy infrastructure in Venezuela. We look forward to continuing our track record for safely delivering scalable, flexible solutions in Latin America and beyond."

Ends

For further information see the Kentz website www.kentz.com or contact:

Kentz Corporation Limited

Investors: Ronan Tyrrell

[phone]

[e-mail]

Media: Paul Youens

[phone]

[e-mail]

Pierpont Communications (Houston, Texas)

[phone]

Chris Wailes: [e-mail]

Victoria Turek: [e-mail]

Tavistock Communications

[phone]

Simon Hudson

Mike Bartlett

Emily Fenton

About Kentz

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ending December 2012, the company generated revenues of US$1.56 billion and profit before tax of US$104.8 million and diluted EPS of 58.05 US cents.

Kentz has over 14,500 employees in 36 countries. Its three main business lines are; Engineering and Projects, Construction, and Technical Support Services (TSS). It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.

About Valerus

Valerus, a wholly-owned subsidiary of Kentz, is a worldwide leader in integrated oil and gas handling and processing. Valerus manufactures reciprocating compressor packages, production equipment, gas processing solutions, liquid separation systems and provides engineering, procurement, construction and commissioning/ start-up services. Its mission is to deliver tailored solutions for its customers through an extraordinary focus on efficiency and performance. Valerus is committed to achieving the highest standards in health, safety and environmental responsibility. For more information visit www.valerus.com.

About Lindsay Venezuela

Lindsay is an oil and gas industry leader in the development of customized, integrated EPC projects. Lindsay has provided procurement and fabrication services in Venezuela since 1995, and has offices and manufacturing facilities in Houston, Texas, established in 2003. The company has vast construction experience, having installed more than 800,000 HP of gas compression equipment including gas processing facilities, early production and offshore installations. Lindsay is ISO 9001 certified and is committed to implementing high standards in the industry. More information is available at www.lindsay.com.ve and www.lindsaycausa.com.

About Cardón IV

Cardón IV (currently Repsol 50% Eni 50% with a near future Venezuelan PDVSA participation) is the license holder and operator of the Cardón IV block offshore in the Gulf of Venezuela since 2006. During 2009 it announced the discovery of the multi-tcf Perla natural gas field, which is currently under development. More information is available at www.repsol.com or www.eni.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTJPMRTMBIBBAI

[simon42] 18/3/2014 19:28

I think it might just rally yet. Bounced off early 700's recently.

[activeservo] 18/3/2014 13:50

Looks like a rally down to results. Shame.

[rivaldo] 18/3/2014 11:37

News - KENZ JV awarded EPC framework contracts in Iraq by Shell:



I imagine KENZ will be paid at VERY high rates for this one.

[spudders] 15/3/2014 08:54

Nice one Whizzy, one to hold for a long time in the isa. Best of luck

[whizzy1] 15/3/2014 00:08

Nice rebound for me already, may the good times continue, share save ISA's rock, no capital gains, and as usual, no stamp on todays deal either, so it's all good here at Whizz Central.
Spose they will crash & burn now lol.

[whizzy1] 14/3/2014 09:52

Just topped up with 42K on the drop (oversold says me) had to pay 710 on the spread, Gutted when I used to pay a couple of quid for them back in the day lol.
Looking for 750p short term, 900p in three months £11 year end and hopefully no bids.
Had a hole burning in my pocket ever since I read this in the Telegraph "Mr Godber said investors had not yet appreciated how profitable the combined company was likely to be. "The consensus profit forecast among analysts has risen by more than 30pc since the deal was announced yet the shares have risen by only 15pc over the same period" just had to wait for a dip.

[cumnor] 11/3/2014 20:40

No reason why this can't grow to mrkt cap equal to weir PFC agk etc. Patience.

[moise] 11/3/2014 14:10

Longer term, could this go to £20?

[simon42] 11/3/2014 13:46

Thanks Rivaldo- We're in the zone now. I hope we rally up and not down into results!

[fizzypop] 11/3/2014 11:52

Thx rivaldo, much appreciated.

[rivaldo] 11/3/2014 07:45

Here's KENZ' project director noting that Oman will award $65 billion of EPC contracts in the next 5 years - no wonder he looks so excited in the photo :o))



"Oman to award $65b worth EPC contracts
by Business Reporter |
March 10, 2014 , 9 : 01 pm GST

Muscat: Oman will award engineering, procurement and construction (EPC) contracts worth $65 billion in the next five years, an expert said here yesterday.

These projects include the proposed refinery and petrochemical project at Duqm and a nation-wide railway project, said Madhu Pillai, project director of Kentz Engineering International. He was addressing the third annual EPC projects summit, which was attended by more than 120 international EPC professionals.

etc"

[apad] 07/3/2014 16:56

Malcy seconds Marben:
"Kentz announced yesterday that it had won the Moatize phase two contract for Vale in Mozambique. I had very much expected this award for a number of reasons, firstly the company has successfully completed phase one, (which I have visited) secondly they had remained in the area with another transportation contract and thirdly because of the work already done for the client will have left them head and shoulders above the competition. This contract value is very much worthwhile, it represents about 5% of year end backlog and is therefore worth +/- $150m and means that Kentz gain more mining work and also keeps them front and centre in Mozambique where lucrative LNG business looms. No change on my view of Kentz as yet another good contract is announced and this excellent not so little gem of a company continues to deliver the goods."
apad worries that Houston deal is a catty whompus.