Updates

ITE - Russia down to 50% and 43% of FY15 and FY16 forecasts

April 2015

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.

To counter what is happening in ITE’s Russian heartland, chief executive Russell Taylor has been resolute in expanding geographically. In Turkey, ITE has paid £9.4m for Eurasia Rail, the dominant event for the rail industry. It has also bought Breakbulk for £26.8m which operates in a “super niche” with events serving the shipping and port infrastructure segments. ITE’s third deal has been to buy 50.1% of Africa Oil Week (AOW) for £16m. Whereas the earlier two deals were funded by increased bank borrowings (Eu46m net debt out of Eu80m facilities), AOW was funded by a placing of 7.2m shares at 167.5p.Chief executive Russell Taylor says AOW plays on ITE’s existing stren ...

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Dialight - Returns to form

ITE (November 2014)

ITE (June 2014)

ITE - Forecasts downgraded after annexation of Crimea (May 2014)

ITE - International expansion underway (January 2014)

ITE (December 2013)

ITE (September 2013)

ITE - Targeting event aquisitions in Malaysia (June 2013)

ITE (February 2013)

ITE (January 2013)

ITE (June 2012)

ITE (May 2012)

ITE (February 2012)

ITE - Russian events business on a roll (January 2012)

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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