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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE - Outlook still very stong

November 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.

  • Epic Code:
  • ITE
  • Price:
  • 181p
Business exhibitions organiser ITE is another to defy recent share price weakness by issuing a strong year-end update, which noted that Q4 continues to reflect strong patterns from previous periods. Moscow is trading well and other markets are showing positive patterns. Revenues for the full-year are now expected to be £154m, (compared with £113m in 2010), while net cash was £2.6m as at 30 September. Within Q4 there were three principal events which showed progress, the most outstanding being Moscow International Motor Show, where space sold increased 20% to 15,000 sq. metres and Worldfood Moscow (+9% to 22,800 sq metres). Bookings for the financial year to 30 September 2012, a period that includes its largest biennial, ...

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