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ITE Ite Group Plc

82.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ite Group Plc ITE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 82.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
82.50 82.50
more quote information »

Ite ITE Dividends History

No dividends issued between 18 Apr 2014 and 18 Apr 2024

Top Dividend Posts

Top Posts
Posted at 22/8/2019 21:41 by topvest
With Tarsus gone, I believe that this is the only pure play exhibitions company remaining with a listing. That could help put ITE in the spotlight I suppose.
Posted at 03/7/2019 20:57 by topvest
Things are definitely improving. Unfortunately, the takeover last year wasn't a good deal for existing shareholders. 5p EPS is way below 10p EPS in 2014 and probably double that again in earlier years. It was a very dilutive deal. They paid a very high price for a quality asset using discounted ITE equity. That will continue to haunt ITE for many years to come. A hold for me, but definitely not buying any more!
Posted at 03/7/2019 12:15 by rndm355
ITE mentioned here:



"Official forecasts suggest that EPS of 4.9p can be achieved this year, rising to 5.4p next year. That’s quite nice against a 70p share price (though don’t forget that it’s using a meaningful amount of leverage)."
Posted at 26/5/2019 20:34 by topvest
With Tarsus being bid for on Friday, then 2 of the 3 listed exhibition group's have succumbed to takeover offers in a year. ITE now becomes the only real option. Should help the rating here I guess.
Posted at 28/6/2018 16:37 by typo56
Well done playing ITE. Closed about 2.3% above HOD.
Posted at 28/6/2018 10:55 by typo56
Underwriting means they'll guarantee to pick them up, should the rights fail and ITE fail below 56.2p. Otherwise I don't see them needing to buy.

What do you mean about the brokers and hedgies seeing the nil paids and getting them for next to nothing?

Thought we could all see the nil paids (ITEN) and they currently trading at about 12p, as you'd expect. Obviously they should track about 56.2p below ITE.
Posted at 28/6/2018 10:12 by typo56
Do underwriters pick up anything unless ITE falls below 56.2p? ie no-one in their right mind would be taking up rights when they could buy ITE cheaper in market and nil-paids worthless.

I doubt they'll go that low, but all it takes is a Trump tweat or two!
Posted at 26/6/2018 20:15 by cantrememberthis2
Those bailing, or more like reducing to buy the 7 for 4 to average down, whilst keeping their cash (exposure less)... seems sensible to me.

Good deal or no deal, the fact Banks/Underwriters have fully underwritten this tells you they have done their homework more than you and I.

ITE at 80p is a decent risk vs. reward for me.

I care not that it goes to 50p or 100p. All Rights Issues I have seen and partaken in over the last 10 years often move close to TERP and bounce off. Serco is the only one that I know of that has been disappointing. OXB blinder!

Here we have a deal you consider poor whereas I consider as revenue making...

Will keep buying!

I risked not taking part in RIGHTS Issue hoping to get in LOWER than TERP.

Here we are.

Game on.
Posted at 26/6/2018 14:42 by typo56
I think those other examples were rescue rights and relief of survival. I don't think ITE is in quite the same position. They're more on a quest to grow through acquisition, as is SMDS.
Posted at 26/6/2018 13:57 by cantrememberthis2
Reducing Russian exposure from 47% to 31% is NOT a BAD THING
Also more news coming:ITE

On 15 May 2018, ITE announced its interim results for the six months ended 31 March 2018, demonstrating a strong overall trading performance. This was the first period of like-for-like growth in both yield and volume since 2014 and these results reflect revenue growth in the majority of ITE's markets as a result of early TAG Programme initiatives and focus on Core events.

ITE's TAG Programme is delivering early benefits with improved financial performance from core events delivering like-for-like volume, revenue and headline profit before tax growth for the first time in four years.

Cash conversion remains strong and the Group enters the second half with high visibility of revenues having contracted £143.5 million of revenue for the current financial year as at 11 May 2018, representing approximately 89 per cent. of market expectations for the full year. As a result of a focus on forward bookings, the Group has also already contracted £31 million of forward bookings for the year ended 30 September 2019, representing approximately 19 per cent. of consensus revenue. This is up approximately 31 per cent. on a like-for-like basis and the improved level of bookings partly reflects the ITE's focused sales initiatives on Core events, in line with its strategy. The like-for-like growth and cash conversion have allowed management to invest £1.5 million more in future period events than at this stage last year.

There has been no significant change in the current trading and prospects of ITE since 31 March 2018.

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