image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

ITE - Very strong Q3 trading

September 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:
  • 162p
The cyclical recovery in ITE's markets has continued with the business exhibitions group posting a very strong Q3, a period that includes six of its ten largest events. Revenues increased to £79.4m in the three months to 30 June, up from  £55.6m in 2010, albeit they were flattered by the inclusion of the largest biennial event, Moscow International Oil & Gas, which increased sq. meterage by 32% on last time. Also doing well were the Moscow -based construction event, MosBuild (+24%), Moscow International Protection & Security (+30%) and Aqua-therm Kiev in Ukraine. Separately, ITE has acquired a 60% interest in Turkish exhibitions group YEM Fuarcilik for an initial £13.2m, with a deferred £3.2m payment after nine mo ...

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

Subscribe now

Already a subscriber? Login

Related Articles

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 - 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.

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