Secondary Recommendation

ITE - Russian events on verge of strong recovery

September 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 ITE, a FTSE-250 international exhibitions organiser, have had more than their fair share of ups and downs, largely reflecting the fact that its fortunes are inextricably linked with the oil-dependent Russian economy, which contributes over 75% of its profits. After falling to a low point of 15p in the aftermath of Russia's huge debt default, the shares then roared to 195p in May 2007 before plunging again as the global credit crunch took hold. However, with rising energy prices kick-starting an increase in business activity and economists upgrading Russian GDP estimates, ITE is poised to return to a period of vintage earnings growth. Founded in 1991, ITE took advantage of Russia's post communist desire to embrace links w ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Petrofac - Oil services firm secures several new contracts

Nichols - Vimto drives forecast busting results

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 - Passage to India (January 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)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X