Ite Share Discussion Threads

[company] 16/11/2005 20:16

I,ve been holding shares in this firm for some time in a small way and looking at their website ,I dont see any reason why people should want to sell probably profit taking. Looking forward to December 6th for the final results, I feel surtain all the sellers will come back plus some,and looking for a big rise in the share price.

[sack of spuds] 16/11/2005 11:32

anyone else watching ite?
whose the big seller?

[sack of spuds] 09/11/2005 09:24

now that aberforth has disposed of its 372,749 shares maybe we will see the upward trend start to acelerate again.
the shape of the garph certainly looks good

[sack of spuds] 04/10/2005 13:17

given ite's progress and ite "confirms our leading position in the Oil and
Gas sector."this must bode well for the future. oil prices are up and oil stocks/sales booming. QED they have cash to spend and they will attend these exhibitions.
looks good for next year.

[sack of spuds] 03/10/2005 10:52

the good news just keeps coming
"sees its full year revenues exceeding market consensus forecasts by 4-5 pct."
luvley jubbly.

[yump] 03/10/2005 09:25

Some more good news - second half higher than expected.
Start of next leg up ?
Gas & Oil investing without the risk !

Pre-close Trading Update

RNS Number:0737S
ITE Group PLC
03 October 2005

3 October 2005

ITE Group plc

Pre-close trading update for the year ended 30 September 2005

ITE Group plc, the international exhibitions group specialising in emerging and
developing markets, has today issued the following update for the year ended 30
September 2005, prior to entering its close period and ahead of its preliminary
results announcement on 6 December 2005.

The Group's second half performance has been stronger than expected, following
recent events and exhibitions, with particular trading highlights including:

* The Caspian Oil and Gas event, acquired in October last year and held in
Baku in June, achieved a much improved result under ITE's stewardship.
* The biennial Moscow Oil and Gas exhibition which was held in Moscow in
June realised an increase of 10% in space sales and 15% in revenues over the
2003 event.
* In Kazakhstan, the building and construction event, Kazbuild, enjoyed
strong growth over last year's event
* The World Petroleum Congress, which recently concluded in Johannesburg,
South Africa, enjoyed strong delegate sales over the last two months.

As a result of these performances ITE now expects its revenues for the year
ended 30th September 2005 to exceed consensus forecasts by 4 to 5%.

ITE also announces that it has recently signed a ten year co-operation agreement
with Crocus, a new Moscow exhibition venue, which will assist the growth of
several premier ITE events, including ITE's largest and most successful event,
Mosbuild. This agreement is supplementary to ITE's existing co-operation
agreements with other Moscow venues.

Ian Tomkins, Chief Executive Officer of ITE, said:

"The second half of the year included some particularly strong results in our
core markets of Russia and Central Asia. The year ended very well with the World
Petroleum Congress in Johannesburg, being an excellent showcase of ITE's major
event organising capabilities, and confirms our leading position in the Oil and
Gas sector.

The new long-term agreement with Crocus will help underpin the future growth of
several of ITE's Moscow based exhibitions, and the recent acquisition of the
Footwear exhibitions in the UK further consolidates ITE's market leadership of
the UK fashion sector."

ENDS

Enquiries:

Ian Tomkins Tel: [phone] Tim Spratt/Charlie Palmer:
Chief Executive, ITE Group plc Financial Dynamics Tel [phone]

[sack of spuds] 24/8/2005 09:50

mr strachen appears to have sold 600K shares, in july.

[company] 11/8/2005 20:52

They buy BTO Beurs for an undisclosed amount, and then they take over £12m from shares IMHO This is what they used the money for .
I think this firm is going to be a nice little earner.

[sack of spuds] 11/8/2005 13:58

Interesting, that we dont get to hear this rns until 11 aug.
any thoughts on whether this sale is of significance??12 million plus shares are worth a few bob!
Number of shares/amount of stock disposed
12,599,799
8) Percentage of issued Class
4.36%
9) Class of security
ORDINARY SHARES OF 1 PENCE EACH
10) Date of transaction
26 JULY 2005
11) Date company informed
10 AUGUST 2005
12) Total holding following this notification
18,307,237
13) Total percentage holding of issued class following this notification
7.05%
15) Name of contact and telephone number for queries
MR ANIL H. GADHIA
ITE GROUP PLC
0207 596 5024

[sack of spuds] 09/8/2005 17:49

forryn..good point.however todays news seems to lay off that fear for the moment i think...but i've been wrong before

[forryan] 08/8/2005 19:45

This stock has been good to me, so kept some after tender offer. One concern is that sometimes companies will buy back shares on a large scale in the lead-up to some kind of privatisation/management buyout. If so, watch out for any attempts by management to "massage" the share price downwards, eg by downbeat reporting.

[sack of spuds] 02/8/2005 17:02

the shape of the graph trend is now looking nice! despite this rns
Holding(s) in Company
RNS Number:6227P
ITE Group PLC
02 August 20
NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) NAME OF COMPANY
ITE GROUP PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FIDELITY INTERNATIONAL LIMITED
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them.

FMR CORP & SUBS - 4,494,185
FIDELITY INTERNATIONAL & SUBS - 17,020,560
7) Number of shares/amount of stock disposed
1,423,290
8) Percentage of issued Class
0.5%
9) Class of security
ORDINARY SHARES OF 1P
11) Date company informed
1 AUG 2005

12) Total holding following this notification
21,514,745

13) Total percentage holding of issued class following this notification
8.29%
14) Any additional information
NOTIFIABLE INTEREST ALSO COMPRISES MR EDWARD C JOHNSON, PRINCIPAL
SHAREHOLDER OF FMR CORP AND FIDELITY INTERNATIONAL LIMITED
This information is provided by RNS
The company news service from the London Stock Exchange

[sack of spuds] 26/7/2005 15:12

RNS Number:2913P
ITE Group PLC
26 July 2005

NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND,
SOUTH AFRICA OR JAPAN
ITE Group plc ("ITE" or "the Company")
Result of Tender Offer
The Board of ITE announces that valid tenders pursuant to the Tender Offer made
by Numis Securities, which closed at 3.00 p.m. on 25 July 2005, were received
for 70,948,195 Shares, at 103 pence per Share.
In accordance with the terms of the Tender Offer, tenders have been accepted on
the following basis:

(i) valid tenders of up to 1,000 Shares have been accepted in
full, for an aggregate total of 344,875 Shares;


(ii) valid tenders for more than 1,000 Shares have been accepted
in full for the first 1,000 Shares tendered and thereafter for approximately
40.1 per cent. of the Shares tendered in excess of 1,000 Shares.


Accordingly, Numis has acquired the maximum number of Shares possible under the
terms of the Tender Offer (after roundings from tbe scaling back of tenders),
being 29,126,208, at the Tender Price, for a total aggregate consideration of
#30 million.
The Shares acquired by Numis under the Tender Offer have been re-purchased by ITE and will be cancelled.
Consideration due to Shareholders under the Tender Offer is expected to be
despatched to Shareholders on 1 August 2005.

[spower1461] 14/7/2005 13:40

I don't post often but for what its worth I'm also unsure; but came to the conclusion its worth holding onto shares.

Sell at 103p equates to where the price is now, so no real upside and as sack of spuds says - less shares in issue should equal better dividend payments / share price in long term.

Question is really will the price drift much lower after the tender offer. If the answer is no - why sell?

On the basis that fundamentals seem good (and returning £30M to shareholders shows the Co. must be doing something right)there seems no point in selling. Also the Co. must have belief in its abilities to return this cash - and why buy a 'pig in a poke' just because you have cash burning a hole in your pocket so to speak.

Hence my decision to hold on for better things to come.

Steve

[yump] 13/7/2005 12:22

Might do what I do with winners that look fairly valued and just sell half.

[sack of spuds] 13/7/2005 11:49

just got my offical notice via the broker. I'm with you yump not at all sure if to hold or sell....offer response has to be in by 20th july. so not long to dither.
So if the tender is taken up = less shares on market. IF profits grow then less shares are worth more, all else being equal?
downside?
ite couldnt find anything worth investing £30m squid in so bought back shares?so long term they may languish???
Decisions decisions?
anyone else any thoughts?

[yump] 08/7/2005 11:21

The tender offer has been announced at 103p.
For once, I have no idea what to do.

[sack of spuds] 08/7/2005 09:43

this is a very quiet site for such a successful share!

[sack of spuds] 23/6/2005 12:29

dropping back rapidly today to sub 104.

[yump] 23/6/2005 11:51

They say they are going to return up to 30mln to shareholders. That works out at about 10p per shar - hence the rise up again from 94p ish ?

[sack of spuds] 15/6/2005 16:40

graph is an interesting shape....any comments fron those who understand these things?

[sack of spuds] 02/6/2005 10:44

hav i missed something? its really going north today, anyone know why?

[sack of spuds] 23/5/2005 15:06

agreed as you say haven't annouced the buy back price as far as i can see. But very cash rich and the announcement must mean the board continue to believe that the outlook is rosey. Good news.

[yump] 23/5/2005 10:42

Looks like it was just a markdown to fit in with all the other drops.
Now they've announced a share buy-back at interims because they're rolling in cash - doesn't say what price at though - circular been sent out.
BTW if anyone gets unnerved by the eps at interims, look at previous years - its second half loaded.