Kentz Corporation (KENZ)

Kentz Corporation (KENZ)

Blog posts

Kentz, Victoria, AstraZeneca, and SSE

A number of companies on which ShareSoc has commented recently were in the news today (23/6/2014) or over the preceding weekend. Let's cover each in turn: Kentz Kentz received a cash offer for the company of 935p from SNC-Lavalin this morning. That's a premium of 33% to the recent share price. With such a premium and the stated support for the offer from the directors, it looks likely to succeed.  This will avoid the directors of Kentz having to deal with the ...
Post Date: June 23, 2014 Read more

Surprises on Remuneration at the Kentz AGM, and opposition also at Hiscox

Surprises on Remuneration at the Kentz AGM,  and opposition also at Hiscox Last week (on Friday the 16th May), both the Remuneration Policy and Remuneration Report resolutions were voted down by shareholders at the Kentz Annual General Meeting. This is one of the few companies where such resolutions have been lost in the current AGM round and the first where the Remuneration Policy vote has been defeated. That vote was only introduced in the last year by new Government legislation, but oddly ...
Post Date: May 18, 2014 Read more

Insurance companies and Kentz

With the attack by the Government on annuities in the budget and the revelation that the FCA is to look into the treatment of some policyholders such as those in "closed" funds, both investors in these companies and their directors must be somewhat incensed. Indeed the Financial Times reported this morning that half a dozen of the City's top institutional investors have consulted a leading law firm over alleged "market abuse" in the way the latter review was disclosed. It seems ...
Post Date: April 3, 2014 Read more

AGM Reports

Kentz (KENZ) AGM Report 2014

Today I attended the Kentz AGM in central London at the rather early time of 9.00am. All the directors were present but, as far as I could see, only 3 shareholders had managed to make it, although one of which was Sharesoc’s very own Mark Bentley. We started with Chairman Tan Sri Razali Abdul Rahman reading a short prepared speech laying out how the meeting would take place, mostly involving the change of voting to a poll as opposed to a show ...
Post Date: May 16, 2014 AGM Date: May 16, 2014 Author: Mark Bentley Read more

Kentz (KENZ) AGM Report 2013

I attended the Kentz AGM yesterday in central London. All 7 Directors plus the CoSec (BDO) were there, along with 25 others. Of the 25, a number were affiliated with the company, the remainder were brokers, institutionals, and as far as I could tell only a few private investors. The meeting started with CEO Brown saying he expected further strong growth this year, and had great confidence in the momentum being maintained. The order book is larger (backlog is $ 2.57 bio ...
Post Date: May 19, 2013 AGM Date: May 17, 2013 Author: Roger Lawson Read more

Kentz (KENZ) AGM Report 2012

So far as I could see, I was the only ordinary shareholder who attended the Annual General Meeting at Kentz Corporation Ltd today (it’s not a Plc because it is registered in Jersey even though it is now a FTSE-250 company – this is for tax reasons according to one of the directors). I am a fairly new shareholder in this company which claims to be a “specialist solutions provider, primarily to the oil and gas services sector” according to the Annual ...
Post Date: May 18, 2012 AGM Date: May 18, 2012 Author: Roger Lawson Read more