Primary Recommendation

ITE - Russian exhibitions organiser on brink of strong recovery

October 2010

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.

Shares in exhibitions organiser, ITE, which operates in sectors such as oil & gas, construction and food, have been a by-word for volatility with extraordinary swings from a low of 13p shortly after 9/11 to a peak of 195p in May 2007. This historic volatility reflects the fact that its fortunes are tied to the oil-dependent Russian economy, which contributes over 75% of its profits and not surprisingly profitability was hammered when the credit crunch caused energy prices to collapse and sent the Russian economy into a tailspin. However, ITE is now showing clear signs of recovery, most notably within its construction events in Moscow, which had borne the brunt of the pain on the way down. E ...

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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 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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