Updates

Tarsus - Buys three Turkish events

June 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.

arsus has acquired 75% of Istanbul based IFO, one of the largest independent exhibition businesses in Turkey. IFO owns and operates three events in Turkey; ASANSOR (an odd year biennial event held in April for the lifts industry with 8,000 sq ft); REW (an annual international event for recycling and waste management with 13,500 sq ft); and Sign (an annual international event for the outdoor advertising sector with 13,500 sq ft).We spoke to managing director Douglas Emslie post the news and he pointed out that the growth opportunities look exciting. There are just two main exhibition venues in the country and the deal provides a platform not just to make further infill acquisitions of single events that would otherwise be too small ...

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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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Tarsus - Buys three Turkish events

June 2011

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