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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE Group - Shares have gained 76%

July 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.

  • Epic Code:
  • ITE
  • Price:
  • 288p
Shares in business exhibitions group ITE motored towards £3 after solid interim results, which showed revenues up 1% to £69.4m while pretax profit was £11.1m (2012: £13.1m) and eps 3.7p (2012: 4.3p), the negative impact due to biennial and event timing differences. The catalyst for the shares rising was like-for-like revenue growth of 10% in H1, while forward bookings grew 8% to £174m. During H1 ITE organised 109 events (2012: 125 events) with actual volume sales of 352,500 sq. meters (2012: 367,900 sq meters). Russia, ITE's largest market, grew underlying sales 13% and it was particularly encouraging that its largest event, Mosbuild, which has had to endure the launch of a competitive ...

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ITE - Falling rouble puts pressure on shares (March 2014)
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ITE Group - Passage to India (January 2013)
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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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