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Tarsus

February 2014

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:
  • 222p
Tarsus has further strengthened its presence in China by buying 50% of SIUF, a sizeable underwear show (15.9k sqm) for £3m upfront with £1m earn-out expected. The Chinese underwear market is worth US$10bn. SIUF is an annual event, held in May in Southern China and the price paid equates to c8.5x operating profit. Tarsus says that the show presently attracts domestic brands but Tarsus will seek to internationalise the exhibitor range and push up rates.   As a tidy up, Tarsus has also bought the outstanding 25% minority of IFO, which runs the lift and waste management events in Turkey, for £3.5m.  Separately, Tarsus has reported that Dubai has seen strong revenue growth (up 25% to US$24m) although offsetting ...

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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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