Ite Investors - ITE

Ite Investors - ITE

Best deals to access real time data!
Monthly Subscription
for only
Level 2 Basic
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ite Group Plc ITE London Ordinary Share GB0002520509 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 82.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
82.50 82.50
more quote information »
Industry Sector

Top Investor Posts

topvest: Reflecting on the annual report, the business is definitely in much better shape now & geographically diversified with must attend events. Trouble is, shareholder value has been decimated in the process. At the end of the day, the acquisitions have been very expensive and purchased through issuing paper that has undervalued the original business. My conclusion is that there has been a permanent loss of capital for existing investors. Need this to get back to £1 or so to get back to break-even which seems some way off. I'm inclined to keep holding as it seems well set to grow off the 2018 base, but I can't help feel that we have lost out here.
edlndn: ITE Group plc (LON:ITE)'s stock had its "buy" rating reiterated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 380 price target on the stock. Numis Securities Ltd's price objective would suggest a potential upside of 107.65% from the company's current price.
yump: I think there's bound to be some caution expressed, but I don't think that volume near the bottom was traders, as its not a trading stock (or at least judging by the number of posts here !), so I take a lot of confidence from that, although of course big investors have not always been known for being shrewd ! What really interests me is the reaction of the market to companies that seem resilient. imo at the moment a company doesn't have to produce any surprising growth to gain credibility - just not show much deterioration. Market tends to look a way ahead, so any signs in the results of ITE coping well in these circumstances will put a bottom under the price and I think that puts an enormous amount of confidence into an investment.
whiterussians: By Claudia Assis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--As Russian stocks sink deeper into the red, fund managers specializing in the country's stocks are still keeping their cool. Russia's massive natural resources and huge cash reserves should keep the economy afloat near term. But the sailing will be extremely rough. The dives in crude oil and metals prices, along with renewed concerns about state intervention in private companies, have sent Russian equities plumbing the depths. Russia's two stock exchanges shut down Wednesday following share prices plunges. The bourses reopened Thursday, but in fits and starts. The largest stock exchange, the MICEX, was reopened on the regulator's orders. The stock sales intensified following hefty central bank currency market intervention, a slightly devalued ruble, and an interest rate increase. Rather than reassuring them, the actions spooked investors further. The RTS stock index has fallen 24% this week. The country's stocks are down 19% in dollar terms this month, and down 72% so far this year, according to the MSCI Barra Russia index. Despite the losses, dedicated Russia investors are sticking to their guns, focusing mainly on companies benefitting from Russia's growing middle class. "Russia is being punished right now," but will still grow 3% to 5% next year, said John T. Connor, manager of the Third Millennium Russia Fund, which has about $100 million in mostly Russian equities. "I'm happy with the hand I'm holding now," he said. "Consumer demand is still pretty good in Russia." The economy should still grow about 7% this year. Connor's hand largely consists of domestic-oriented companies such as cell phone companies Mobile TeleSystems (MBT) and Vimpel Communications (VIP), and Russia's largest food retailer, X5 Retail Group NV (FIVE.LN). In addition to focusing on domestic-oriented stocks, managers at Los Angeles' Metzler/Payden, a $180 million fund dedicated mainly to Russian equities, have been concentrating their resources on large-capitalization companies. "(They) are less likely to run into liquidity issues," analyst Vladimir Milev said. Third Millennium's Connor returned Monday from a trip to Moscow and Ukraine's capital, Kiev. In Moscow, people didn't seem afraid for their jobs and were not in a "panic mode," he said. "I didn't get a sense it was 1998 all over again," Connor added, referring to Russia's currency crisis and debt default a decade ago. "Stocks have been punished, but it doesn't mean the economy itself will collapse." Russian authorities are moving aggressively to prevent just that. The central bank said Thursday its foreign reserves fell $9.2 billion to $475.4 billion in the week to Nov. 7, down from almost $$600 billion in early August. The government can also draw on a Reserve Fund worth an estimated $130 billion to sustain public spending now that oil prices have fallen way below the budget assumptions. "They still have quite a treasure chest there, which they can use to protect themselves," said Citi emerging Europe, Middle East and Africa analyst Andrew Howell. "But still, fear has set in." Russia has been dipping into its savings at a break-neck pace that concerns investors, but the central bank said capital outflows peaked in September and October, so the need to use reserves to support the ruble is likely to decrease significantly in the coming weeks. Perhaps, but investors also worry about the country's bloated banking sector and foreign currency debts weighing on many companies' balance sheets. Political risk remains an issue as well, which has been demonstrated by government threats against firms and their owners. Earlier this year, Prime Minister Vladimir Putin issued veiled warnings against coal and steel giant OAO Mechel (MTL), reviving fears of another Yukos - the once-giant oil company destroyed by allegations it owed back taxes. OAO Uralkali (URKA.RS), Russia's second-largest potash producer, also fell earlier this month when the government reopened a two-year old environmental case against the company, which also re-ignited investors fears over a Kremlin move against a company. To calm worries, Russian President Dmitry Medvedev said Thursday the government has no intention to nationalize companies. Despite all the negatives, redemptions from Connor's fund have been "moderate," as most of its investors understand they'll have to weather the storm, he said. Most clients of Harold Warren, head of sales trading at Russian brokerage Uralsib in New York, are sidelined, waiting for the dust to settle. "Things are quite difficult," he said, "but Russia is going to survive. It's not going to stop operating." Others agree. While energy and commodities prices have fallen hard, Russia remains a top producer by volume of oil, natural gas and metals, global consumption of which won't disappear altogether. That means Russia's commodities will continue to generate income, albeit at lower levels. The market is already pricing in much of that decline in earnings, Citi's Howell said. Valuations are now cheap - the average Russian company is trading at price-to-book ratios around seven times, versus their peak in 2006 P/E ratios stood at 16 times. The market swoons and political risk concerns may have made Russia a tougher sale, but Warren sees stabilization in the first quarter of next year. By most accounts, the country still has enough money saved and coming in to get from here to there. -By Claudia Assis, Dow Jones Newswires; 201 938 4385;
jerc: Investors Chronicle comment 17 Oct 2003...... "Shares in ITE, the exhibitions organiser that specialises in the former Soviet bloc, have done alright since our buy tip at 36p (14 Mar 2003). They are now at 53p, which means the group is valued at around 13 times earnings for the year just ended, although the multiple drops a touch after stripping out the effect of ITE's £ 20m of cash. That rating might be right, were it not for the fact that ITE looks like a nice takeover target for a bigger media group wanting exposure to the fast-growing eastern European economies. Good value "
jerc: Investors Chronicle 6 june p.50 - "Buy" recommendation (printed price 42p)
riverdiver: hterag1 The company have got through a number of CEO's over the last few years. I was more interested in a bit at the end of the statement, as follows. 'We have refocused the company on its core competences and today have a profitable business with a healthy balance sheet and an encouraging forward order book' Another interesting snippet about Veronis Suhler 'Each year, the firm publishes two media and communications industry research publications- The Communications Industry Forecast and The Communications Industry Report. The Veronis Suhler Stevenson research library interprets the predictability of media company values and articulates the promise that media properties hold for investors and acquirers.' These guys obviously know what they are doing. Veronis Suhler Stevenson and Veronis Suhler and Associates own 38% of the company between them. They bought a lot at 70p a share placing. RD
gerard j: Bid target? A news which has not been published/announced by ITE is that, at the end of 2001, ITE's non-executive director Jeffrey Stephenson has become a Name Partner at Veronis Suhler(ITE's major shareholder) - press release from V Suhler copied below: JEFFREY STEVENSON BECOMES NAME PARTNER AT VERONIS SUHLER NEW YORK (December 17, 2001) - Veronis Suhler, the media merchant bank founded twenty years ago by former media industry executives John J. Veronis and John S. Suhler, has added a name partner to the firm: Jeffrey T. Stevenson, longtime head of Veronis Suhler's private equity operations. Mr. Stevenson, 41, also becomes a co-CEO along with Messers. Veronis and Suhler of the newly named Veronis Suhler Stevenson. Mr. Stevenson, who was first named a partner in 1998, also serves on the firm's executive committee. He has served as a director on the boards of all 25 portfolio companies in which VS&A Communications Partners has invested. Mr. Stevenson's tenure nearly matches that of his co-chief executives. He joined Veronis Suhler in 1982 as an investment banking associate and in 1987 was named executive vice president in charge of the firm's private equity investment affiliate, VS&A Communications Partners, which launched Veronis Suhler as an investor in the media and communications industries. While investing the firm's first fund, capitalized at $57 million, Mr. Stevenson became president of VS&A Communications Partners in 1989. That first fund has since given rise to two additional private equity vehicles led by Mr. Stevenson: Fund II, a $330 million fund launched in 1994, and Fund III, a $1 billion private equity fund that was launched in 1999 that is still actively building its portfolio of platform companies. Mr. Stevenson serves as the president and a general partner of Fund II and president and the managing general partner of Fund III. With investments in 25 companies, Veronis Suhler has become the leading private equity investor focused on media, communications and information companies. In the process, VS&A Communications Partners has become a significant media holdings Fund, whose portfolio of companies currently generate more than $1 billion in revenues. Over the years, investments have ranged from cable systems and radio broadcasters to magazine publishers, trade show operators, wireless tower operations and electronic business information providers. The VS&A Funds have holdings in Europe as well the U.S. "Jeffrey Stevenson has been an outstanding contributor to our firm's progress virtually its entire two-decade history - he is a born merchant banker," said John Veronis, chairman of Veronis Suhler Stevenson and a founder general partner of the firm's private equity funds. Mr. Veronis noted that the firm has completed more than 550 investment banking transactions valued in excess of $33 billion, while the 25 private equity portfolio companies have themselves made over 100 add-on acquisitions. "We are poised to continue strong growth during the current decade in both our merger and acquisition advisory business and our continued media investment activity." GJ
gerard j: Nothing day. MMs just dropping the price slightly to freighten some investors - no big sellers. Very low volume.
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210414 18:25:08