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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE Group - 96% forecast revenues booked

September 2012

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:
  • 200.5p
Russian-focused events organiser ITE announced a 4% decline in sales to £76.1m (2011: £79.4m) in Q3, reflecting the emergence of a new competitor to Mosbuild where square meterage fell from 62,800 to 59,300 and an off-year for its large biennial, Moscow International Oil & Gas. However its other parts continued to grow and excluding Mosbuild, like-for-like sales increased 6%. Notwithstanding the headwind from the weakening of the Euro versus the Rouble, Peel Hunt has left forecasts unchanged with eps of 16.5p for year to September 2012 and 18.6p in 2013. With 96% of consensus revenues for 2012 already booked forward visibility is very strong, making the shares look cheap on a prospective PE for next year of 10.8. ...

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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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