25 May 2012

Kentz Corporation

HOLD

04/11/2011 Robert Tyerman

Engineering and construction group Kentz Corporation (KENZ) has won a liquefied natural gas project contract in Papua New Guinea, worth a possible £45m over two years.

The fully listed company is to provide the electrical and instrumentation, construction and commissioning completions for the Hides Gas Conditioning Plant, being built by the US-Australian CBI Clough Joint Venture.

The plant is for the Papua New Guinea LNG project, operated by US oil giant Exxon with 33.2% and other participants include Santos, Oil Search and the Papua New Guinea government. Though not on the same scale as Kentz's contract with another oil major, Chevron, in Western Australia's offshore Gorgon LNG project – said to be worth $850m (£531m) over five years – the Papua New Guinea deal should represent a useful extra profit source for Kentz, steered by chief executive officer Hugh O'Donnell, which increased first-half profits 50% to £23.6m.

Recommended by Growth Company Investor at 184.5p in 2008 and more recently at 470p, Kentz shares now trade at 495p, yielding 1.5%. They are still worth holding.   

Tags: Exxon, Full list, Hugh O'Donnell, Liquefied Natural Gas, Papua New Guinea

Market cap: £567.2m

PE Forecast: 15.5

Share price: 495p

Achieve impressive returns

Gain instant access to some of the best-performing and fastest growing companies in the small cap arena

Click here

Stocks & Shares ISA

Online tools to make investments easy and low admin fee from The Share Centre. Find out more.

Achieve impressive returns on the go

Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!

Institutional Investors in AIM 2011 - New Report

This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.

Coverage of AIM, techMARK and PLUS Markets

Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.

If you're interested in business tax updates visit our specialist tax guide website.

Share recommendations and small-cap stock picks

Small-cap and growth company share recommendations on AIM- and PLUS-listed companies. Latest analysts' stock tips and advice on which are the best shares to buy on London's junior stock markets.

Popular Recommendations

Acquisitions   Aim   Aim Market   Ben Jaglom   Boardroom Moves   Breaking-even   British Technology   Buy/hold   Cash   Commodities   Credit Crunch   Deals & Contracts   Debt   Defensive   Director Dealing   Dividend   Downgrade   Emerging Markets   Finncap   Full List   Fundraisings   Gold   Growth Company   Growth Stocks   Main Market   Mergers & Acquisitions   Penny Shares   Profit Warning   Renewables   Restructuring   Sell/avoid   Speculative Punts   Technology   Turnaround   Undervalued

Latest Recommendations

Magnolia Petroleum 25/05/2012

North Dakota and Oklahoma-focused Mangolia Petroleum (MAGP) has some ambitious plans for growth as its taps local resources.

ASOS 25/05/2012

Fashion retail giant ASOS (ASC.L) delivered a pre-tax profit of 43% aided by a 60% increase in menswear in the group’s international revenue streams.

Young and Co's Brewery  24/05/2012

Pub giant Young and Co’s Brewery (YNGA) delivered a pre-tax profit of 17% amid restructuring, shedding assets and acquisitions. 

Tags: Beer business, Pubs, Travel and leisure

Sector: Travel & Leisure

Companies: Young & Co's Brewery

More Recommendations

Sectors

Aerospace & Defence   Alternative Energy   Automobiles & Parts   Banks   Beverages   Chemicals   Construction & Materials   Electricity   Electronic & Electrical Equipment   Equity Investment Instruments   Financial Services   Fixed Line Telecommunications   Food & Drug Retailers   Food Producers   Forestry & Paper   Gas, Water & Multiutilities   General Financial   General Industrials   General Retailers   Health Care Equipment & Services   Household Goods   Industrial Engineering   Industrial Metals   Industrial Transportation   Leisure Goods   Life Insurance   Media   Mining   Mobile Telecommunications   Nonequity Investment Instruments   Nonlife Insurance   Oil & Gas Producers   Oil Equipment, Services & Distribution   Personal Goods   Pharmaceuticals & Biotechnology