Updates

ITE

June 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.

Reflecting a stronger biennial pattern (+£2.4m) and a contribution from newly acquired Sinostar (+£2.1m), interim results showed pretax profit of £18.2m, up from £11.1m. Earnings per share were 6p versus 3.7p but these are of academic interest and the outlook comments acknowledge the on going political uncertainty surrounding Russia and the Ukraine, which have inspired terror amongst event attendees and the fact that Russian economic indicators now suggest lower levels of growth for the remainder of 2014. Of course there are the international events that ITE has been buying with £38m spent on acquisitions including £30m for 50% of the Chinese Chinacoat/Surface Finishing exhibition and £8.4m on Beauty Eurasia in Turkey but these wi ...

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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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