Updates

ITE Group - Passage to India

January 2013

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.

Strong underlying demand in the core Russian events market alongside a contribution from recent acquisitions led to strong full year results for business events operator ITE. Overall, despite a currency headwind, these showed sales, pretax profits and earnings up by 11%, 3% and 2% respectively to Â£172m, Â£53m and 16.9p. Total volume of space sold was just a shade under 800,000 sq metres across 251 events and excluding acquired events organic space and revenues grew by 2%-3%. Russia remains ITE's biggest market and within that, Moscow accounts for almost half of group sales. In terms of the largest event Mosbuild, it had to endure the launch of competitive events, which caused it to relocate venue to Expocentre a ...

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Hill & Smith - US utility markets strong

MP Evans

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)

ITE Group - 96% forecast revenues booked (September 2012)

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 - Significant broker upgrades (January 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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