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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE - Forward orders cover 54% of forecast 2014 revenues

February 2014

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:
  • ITE
  • Price:
  • 312p
Business events group ITE achieved better than expected results in 2013, an “on year†for its strongest biennials. Pretax profit rose 12% to £59.4m and eps increased from 12.8p to 14p and despite spending £26m on acquisitions net cash increased £10m to £23.5m.Its biggest market in Russia, which held 109 events (2012: 118), increased revenues 15% (10% like-for-like) to £121m, helped by the return of biennial MIOGE (Moscow international oil & gas), which grew space from 22,800 to 24,000 sq. metres, while other strong performances came from Mosbuild, Aquatherm Moscow and TransRussia (logistics). Elsewhere, the smaller Central Asia & Caucasus and Eastern & Southern Europe (Turkey and Ukraine) territories ach ...

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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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