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Tarsus - Forward bookings 12% ahead

September 2013

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:
  • 244p
The shares ploughed to a new high of 250p after business events organiser, Tarsus issued good results in its quieter first half. On turnover, which rose 35% to £26m, pretax profit more than doubled from £1.8m to £3.9m, while eps jumped 260% to 2.6p. In spite of spending £18.6m on acquisitions net debt only increased from £19.6m to £29.2m. Emerging markets sparkled with pretax profit increasing from £1.5m to £3.3m and the event portfolio enjoyed a 13% jump in like-for-like sales. In China, there were good performances from joint venture, Hope and from the first event of GZ Auto. In Dubai, which grew underlying revenues 6%, the education event GESS and ...

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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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