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ITE

December 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:
  • ITE
  • Price:
  • 308p
ITE has entered the Chinese market with the establishment of a 50:50 j/v (Sinostar ITE) with Hong Kong based Worldcoat Exhibitions. ITE is investing £33m into the j/v, which will contemporaneously buy the ChinaCoat/SF China exhibition, which serves the paints, coatings and surface finishing industries in China, alternating between Shanghai and Guangzhou each November. The 2013 show is more than 35,000 sq m with 30,000 visitors. The implied deal multiple is under 10x the average profits of this year and next.Nice to see the shares break over 300p so decisively. Strong hold for more. ...

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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.

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

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