Updates

ITE - Significant broker upgrades

January 2011

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.

The guarded optimism shown at ITE's Q4 update has been transformed into a much more confident outlook statement and better than expected full year results, sending the shares to a new high of 235p. Results themselves for the year to 30 September showed pretax profit falling from Â£41.5m to Â£36.6m with eps down from 12.7p to 11.6p (against forecasts of pretax Â£34.7m and eps of 10.6p) with the decline reflecting an â€œoff yearâ€ for its largest biennial event and a low point for its more cyclical events, particularly in construction, when compared with top-of-market conditions prevailing in 2008. A clue to the future is that net cash held steady at Â£23m in spite of investing Â£20m in the business in the year and refl ...

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ITE - Falling rouble puts pressure on shares (March 2014)

ITE - Forward orders cover 54% of forecast 2014 revenues (February 2014)

ITE - Q3 revenues rise 25% (October 2013)

ITE Group - Shares have gained 76% (July 2013)

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ITE - Forward PE now just 11.1 (July 2012)

ITE - One of Numis' key picks for 2012 (March 2012)

ITE - Another eps upgrade leaves shares looking cheap (January 2012)

ITE - Outlook still very stong (November 2011)

ITE - Events firm trading on low PE (October 2011)

ITE - Very strong Q3 trading (September 2011)

ITE - Strong recovery in Moscow market (July 2011)

ITE - Q1 sales up 36% (March 2011)

ITE - Acquistion triggers another surge (February 2011)

ITE - Strong update as expected (November 2010)

ITE - Russian exhibitions organiser on brink of strong recovery (October 2010)

ITE - Russian events on verge of strong recovery (September 2010)

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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