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Primary Recommendation

Tarsus - ‘Quickening the pace’ strategy paying off for business events organiser

November 2015

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:
  • TRS
  • Price:
  • 218.5p
Shares in Tarsus, which owns a fast-growing portfolio of business events around the world, have been range-bound over the past couple of years but we think that’s about to change. Under managing director Doug Emslie, who we met again with over the month, the company has repositioned from low growth European markets (down from 50% to 15% sales since 2009)  towards the US (30%) and particularly emerging markets (up from 33% to 55% of the enlarged group). Investor apathy towards the shares ignores a highly attractive business model, with re-bookings for its established events running at high levels while cash is received up to a year in advance and Emslie has been able to reinvest this into various eps enhancing acquisitions. ...

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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.

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