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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE - Event organiser enjoying Russian economic renaissance

January 2004

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.

Market historians among you may have noted the significant decision by credit ratings agency, Moodys, to upgrade Russian bonds from junk toinvestment grade, a far cry from the turmoil in 1998/9 when Russia was branded an economic basket case after massively defaulting on its debt.  One company relishing this oil backed wealth is ITE group, a leading organiser of business events predominantly in Russia and the CIS.   Founded in 1991, ITE took advantage of Russia's post communist desire to embrace links with the West to build up a substantial network of events.  At the time of its 1998 float, itran 35 exhibitions, and partly through a dizzy spell of acquisitive growth this has since ballooned to 114 events a ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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