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Tarsus - Improving industry trend

April 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:
  • TRS
  • Price:
  • 144.5p
Tarsus headlined its full year results with the strapline "Improving economic environment accelerates growth.†In particular, it says that forward bookings from exhibitors are standing at a record high, implying that the industry is finally on a recovering trend. Exhibitors like to book space well in advance and for the year, 63% of forecast revenues are already in the bag compared to 58% this time last year.2010 was an off-year for the large biennial events which is why Tarsus provides a more helpful comparison with 2008. Overall sales were up by 3% to £43.6m with an adjusted pretax profit of £9.5m. Adjusted eps were 10.4p whilst debt was lower than forecast at £28.6m. Divisionally, within emerging markets (£7.5m sale ...

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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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