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Kentz - Results on 15 September

September 2008

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.

  • Epic Code:
  • KENZ
  • Price:
  • 173p
A couple of nice new contracts for Kentz; the big one is a US$250m contract let by Germany-based GEA Energy, as subcontractor for South African utility Escom, for the turnkey delivery of an air-cooled condensing system for the Medupi coal fired power station. Kentz will be responsible for the procurement and installation of 36,000 tonnes of steel structure and platework and 1,800 tonnes of piping over a four and half year period.Separately, Kentz also confirmed that KentzSMNM, a joint venture with the Rosneft Group, has won a contract to build a new 15km road to service the well site associated with the Exxon Neftegas Sakhalin-1 Odoptu development on the east coast of Sakhalin. The deal is reckoned to be worth Eu40m. Result ...

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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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