4338 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
As it happens I agree with his conclusion.
Kentz Corporation (KENZ) is a global engineering specialist solution services company providing full engineering, procurement and construction services (EPC) to mainly the energy and resources sector. The company’s niche and positioning is as a tier-two contractor and bids for small / medium sized projects where competition is relatively low. Over the years Kentz has become a global player and currently provides solutions with 14,000 employees operating in 29 countries worldwide. The relative strength of the oil price and Kentz’s global capacity in mining means that this company has delivered consistent sales, profits, cashflow and dividend growth since its IPO. A trading statement on November 12 indicated that nothing is changing in this respect. I would argue that a 381p share price (from a year high 490p) fails to discount this. Here is why.
