Friday, November 30, 2012
KTL Global
KTL Global: has secured ~US$9.3m worth of orders from two subsidiaries of Ezra.
i) to supply ~US$3.2m worth of mooring chains and accessories to EMAS Offshore Construction and Pdtn
ii) to supply ~US$6.1m worth of side thruster and shaft, and reduction gearbox propellers to Triyards Marine.
The orders are expected to contribute to the group’s FYJun13 financials.
KTL is a supplier of rigging eqpt and related services to the O&G, marine and construction industries. It is also a supplier of premium steel wire ropes and fittings for lifting and mooring.
The counter trades at 0.6x P/B, ~29x FYJun12 P/E.
Stock is illiquid though with no trades done for this session and wide bid/ask spread.
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