Showing posts with label Kentz Corp. Show all posts
Showing posts with label Kentz Corp. Show all posts
Monday, 29 April 2013
The Week Ahead 3 - 29th April to 3rd May 2013
The week ahead.
Data:
30th April
UK Mortgage Approvals
UK Consumer Confidence
UK M4 Money Supply
US Consumer Confidence
EU CPI
1st May
UK Manufacturing
2nd May
UK Construction
US Balance of Trade
US Initial Jobless Claims
EU ECB Interest Rate
EU Manufacturing
3rd May
US Non-Farm Payrolls
US Unemployment Rate
Company Announcements
Monday, 25 March 2013
Kentz Corp comes up with the goods
Kentz Corp was previously mentioned in these posts and reported impressive numbers to the market today. Initially the price surged around 4% only to fall back as the day went on as the market decided that concerns about Cyprus and Italy put financial fears back on the agenda. Despite this the shares finished around 2% up. Still, Kentz did more than what the market was expected and still looks value compared to others in the sector.
Kentz Corporation reported a 32 per cent rise in annual pre-tax profits as the engineering and construction group scored new contracts and expanded its operations.http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?csi=1168947&action=news&story_id=20781854
Profit before tax for the year to the end of December 2012 came to $104.8m, up from $79.4m in 2011.
Revenues jumped 6.0% year-on-year to $1.56bn, driven by the award of three technical support services contacts in Iraq.
Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 22% to $118.5m.
"We have ended 2012 with confidence that our future outlook continues to be positive," said Chief Executive Officer Christian Brown.
Thursday, 14 March 2013
Kentz Corp announces "significant" Canadian contract
I mentioned Kentz Corp a few days ago in this post about Wood Group. The general feeling being that ahead of its results to be announced on 25th March it was being overlooked by the market. Certainly and barring no surprises in those results, it looks undervalued compared to other similar companies in the sector which have seen a significant rise in their share price after their result announcement and sometimes before with the market anticipating the good news. By comparison Kentz has been in the doldrums in the last few weeks, which is surprising for a share that is usually quite volatile, both up and down. Today it had an announcement of further good news ahead of those results.
Still worth noting that date of 25th March to see what the company announces in its results.
Kentz Corp., the holding company of the Kentz engineering and construction group, has announced the award of a commissioning agreement with Imperial Oil Resources Ventures, covering services in the Athabasca oil sands in northern Alberta, Canada.http://www.digitallook.com/news/20759331/Kentz_unveils_significant_contract_in_Canada.html?username=&ac=
The contract, which is described as having a "significant" value, will run until 2016.
Under the agreement Kentz will provide management and discipline specialists to support electrical, instrumentation, mechanical, systems completions and start-up assistance. The contracts will be executed through Kentz's Technical Support Services (TSS) business unit.
Michael Murphy, the Chief Operating Officer of Technical Support Services for Kentz, said: "Kentz is delighted to be awarded an additional and significant contract by Imperial Oil.
Still worth noting that date of 25th March to see what the company announces in its results.
Tuesday, 5 March 2013
Wood Group produces, but what will Kentz Corp announce?
Wood Group announced pretty good numbers this morning and the market has responded positively with a rise thus far of around 7.5%.
It is often the case that share price will jump on the announcement of a good result, especially if it comes in ahead of expectations. This can also be the start of a new trend as the share price goes higher. Often however, the market will anticipate the good news so to some degree it may well be priced in. Wood Group has been another steady riser, with dips along the way, for a few years. After today's price move there may be more to come, but are there others in the same sector who just might come in with decent numbers when they announce them and so far it isn't totally reflected in their share price?
International energy services company Wood Group, posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?csi=48822&action=news&story_id=20737594
Revenue from continuing operations totalled $6,821.3m (2011: $5,666.8m), while earnings before interst, tax, and amortisation (EBITA) from continuing operations came in at $461.1m (2011: $341.6m), up 35%. The EBITA margin increased from 6.0% to 6.8%.
Profit from continuing operations before tax and exceptional items was $362.7m (2011: $254.1m), up 43%, and adjusted diluted earnings per share were 85.2 cents (2011: 60.2 cents), up 42%.
The total dividend for the year was up 26% at 17 cents per share (2011: 13.5 cents), following a final dividend payment of 11.3 cents, reflecting the company's "confidence in the longer term outlook for the group".
It is often the case that share price will jump on the announcement of a good result, especially if it comes in ahead of expectations. This can also be the start of a new trend as the share price goes higher. Often however, the market will anticipate the good news so to some degree it may well be priced in. Wood Group has been another steady riser, with dips along the way, for a few years. After today's price move there may be more to come, but are there others in the same sector who just might come in with decent numbers when they announce them and so far it isn't totally reflected in their share price?
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