Share Name Share Symbol Market Type Share ISIN Share Description
Ite Group Plc LSE:ITE London Ordinary Share GB0002520509 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.30p +3.17% 74.90p 75.30p 75.60p 75.90p 71.00p 71.00p 501,155 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 175.7 -3.7 -1.6 - 555.00

Ite Share Discussion Threads

Showing 826 to 849 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
22/12/2014
18:54
Strange that the price has risen 10%, I can only assume low volume bargain hunters. But the rouble has collapsed and hedged earnings or not the effect will be felt at the next rollover point, not to mention loss of exhibitors for future events. This looks a good business and I'm sure will weather the approaching storm but I expect a further downward leg not currently priced in.
jrr774
17/12/2014
12:49
I had some pre-recession and sold, then got some on the big drop during the recession and sold out way too early in the recovery. All through that time, as far as I've seen, management have been very, very competent. Particularly in the detailed reporting of what is actually affecting the business. They hardly use any jargon or buzzwords. That's why it was very helpful to find the % of revenue that comes from the different regions and the exchange rate that calculations have been based on. At least then its possible to get some idea of how things might go next year. I'm sure they hedge the currency to some extent, but I can't find mention of it at the moment. That would prevent the full horror of ruble earnings potentially halving. The actual volume of business seems to have been quite stable, considering the turmoil, but the statement did say that at the year end, the problems seemed to be spreading to other parts of the Russian economy apart from construction.
yump
17/12/2014
09:10
Many thanks. This showed up on a high yield search yesterday and looks very interesting - especially the fact it produces that yield paying out only 53% of earnings. I didn't know it had such reliance on Russia.
grahamite2
17/12/2014
09:06
If its of any interest I did a quick calc. on what revenue might drop to just based on the ruble staying at around 100/£. 33% of sales were in rubles at around 58/£. So I reckon if sales drop by 15%... Plus various other headwinds. I'm ending up with a revenue around that for 2011 at around £155mln. 2015 would normally be the 'good' year. Very much a rough guess to get the worst case and of course currencies can change around next year. That's given me about 12p earnings. I can't imagine ITE dropping to anything less than a p/e of 10 as it is so well run. So that's 12p X 10 = 120p or perhaps 10p X 12 ? I'll probably press the button somewhere near 120p - I think that gives a reasonable risk if prepared to sit on the shares - things would have to get really bad to go much below. (Famous last words !)
yump
09/12/2014
09:10
my stop was triggered...but I may be back....good luck people
hazl
07/12/2014
19:57
Actually I regret not getting a few on the big drop. If got £x at 150p and another £x worth at 120p (worst case ?) I think that would be a good average for a good future gain. I've got 120p as a capitulation point if there's another sell-off, which would be say 12p eps and a p/e of 10, or some other combination that would end up around 120p. I think that would be quite severe for a company as well run as ITE. Only thing is the usual one, of whether money would be better elsewhere temporarily.
yump
05/12/2014
22:02
Yes I am going to agree with you....I think maybe, I was a bit early to the party. I'm sure it will recover at some point though, in the future. IMO
hazl
05/12/2014
11:04
I'm not sure its bottomed out yet. Stick in a disappointing eps for 2015 and lower the p/e and its below 150p. The Russian and Ukraine problems are here now, but the diversification takes time.
yump
05/12/2014
10:55
loads to look forward to with this company imo ' . The Group made major steps forward in establishing a business base in Asia in the last financial year and in 2014 continued to build on this base. The most significant acquisition of the year was announced in October 2013, with the Group taking a 50% stake in the Chinacoat - Surface Finishing event. The event addresses two sectors of the industry, the paint sector, and the machinery and technology involved in applying the paints. Both sectors have grown significantly over the last few years in line with Chinese manufacturing industries. The 2013 event took place in Shanghai, shortly after ITE acquired its interest, and sold 34,500m(2) , which was in line with expectations at the time of acquisition. The 2014 event opens tomorrow with 34,200 m(2) , an increase of 11% over its biennially equivalent event from 2012. In June 2014 ITE announced the acquisition of 50% of Indobuildtech, the leading construction event in Indonesia. Indonesia is a bright prospect for the exhibition industry as it combines a large population and healthy GDP growth. With two potential new exhibition venues, which will quadruple the space available over the next four years, Indobuildtech (currently wall bound) has significant potential to grow. ITE has now developed a strong base for growing its business in South East Asia with offices in Indonesia and Malaysia, with both countries having started construction of new exhibition space. In October 2013 ITE announced the acquisition of 100% of Beauty Eurasia, the Istanbul-based cosmetics and beauty event. This is an important addition to our beauty portfolio in addition to the Ukrainian and South East Asian events in Indonesia, Vietnam and Malaysia. Beauty products are a strong proposition and early to respond to growing consumer prosperity - so a good asset for emerging markets. The June 2014 event was a success selling 9,900m(2) in its new venue, ahead of initial expectations. Earlier in the year ITE extended its ownership in Scoop, the London-based high end womenswear exhibition which was an associate business, but is now a subsidiary. Scoop takes place twice a year in central London as part of the MODA portfolio and has become an important feature of the fashion calendar. ITE's diversification strategy is working well and remains a priority going forward as we have illustrated in today's announcement of the acquisition of Eurasia Rail in Turkey. In addition, ITE is increasingly focused on developing industry expertise and brands in its portfolio of events. The historic development of our business in Russia-CIS has left us with strong industry positions in Construction, Oil and Gas, Travel & Tourism and Food, with multiple shows in each sector. Often the events will represent slightly different parts of the supply chain for the industry depending upon where they are based. This logic is increasingly driving the development of our future new business as it both reduces risk and increases synergy to develop the business within sectors where there is expertise and a common customer base. The acquisitions of Beauty Eurasia and Indobuildtech are developments along this sector-based approach. ' from the rns imo
hazl
04/12/2014
16:25
looks better into the close day generally a bit grim on the markets
hazl
04/12/2014
11:21
Schroders who are very shrewd,in my opinion, increased their holdings from 10% to 11% a week or two ago. Worth noting also.
hazl
04/12/2014
08:31
A good dividend in January and a good long term play is the way I see this.
hazl
03/12/2014
21:03
Some of the directors bought back in October,though I agree shame he has sold some. He has apparently no intentions of disposing of more in the near future. Guess you could argue that he has saved some of his dividend payment at least!
hazl
03/12/2014
19:54
The CEO sale of 500,000 shares is a bit unfortunate. It's a shame some of the other directors are not buying. I agree that this is a good company. I hold and it's on my watch list to buy more. I will keep watching for now.
topvest
03/12/2014
13:31
The stock market is about the future,that's why it drifted lower and I imagine that as they suggest, they have confidence in the groups future prospects... perhaps the recovery is in sight? It has a strong balance sheet and good cash flow; the diversification should kick in at some point as well. Good luck holders. imo
hazl
03/12/2014
13:17
Divi was pretty good even at much lower revenue levels as well, so presumably not under threat much, even if sales take a hit next year.
yump
03/12/2014
13:16
Agree good long term hold for recovery. In the short term I see some steady rises as the dividend players are attracted to that side of the equation. imo
hazl
03/12/2014
13:10
Be interesting to see what happens here. As they say the currency and Russian economy problems only started up in the second half, so I think it will depend to what extent the rest of the world makes up for that worsening situation. Safe at this level for the dividend though, given a couple of years to stick capital away.
yump
03/12/2014
11:42
outlook seems better ' ITE's results remain sensitive to the economic climate in Russia which remains its largest market but with strong market positions the Group is well positioned to respond positively to any future improvement in the economies of its markets. ITE also enjoys increasingly good growth prospects in many of its other markets and its portfolio of leading events continue to perform well. Management will continue to review the Group's cost base to ensure that it has the most efficient structure to execute its strategy of growing its business and diversifying its sensitivity to the circumstances of any one region. ITE is well equipped to achieve these objectives through its strong balance sheet and good operating cash flow. Accordingly the Board has confidence in the Group's future prospects. ' Marco Sodi chairman and the chart with a promising 'w' recovery mode imo
hazl
03/12/2014
10:56
I think this looks a good long term play. With a great dividend as an added bonus. I have decided to take a few today.
hazl
02/12/2014
14:54
Price recovery is quite surprising. I was poised over the buy button first thing, but nerves got the better of me, as it seems early days to start writing in a recovery with what looks like being a very tricky 2015. Hopefully a CEO selling at this level isn't particularly disturbing compared to selling on a spike. Could have sold at various times much higher. Must have been absorbed by a fund ?
yump
02/12/2014
12:54
Ah, perhaps not quite what the market expected! CEO sells 500,000.
geko5trade
02/12/2014
12:42
Yes all pretty much as you say. For the moment support in the 140's is holding and probably being bought by those with a view to long term recovery. However the length of the political/currency cycle could be very long so I wouldn't be surprised on a bad day in the markets for the support to be tested again. Be interested to see if there is any director buying at these levels.
geko5trade
02/12/2014
08:27
Looks like its the outlook statement that's the worry, as it implies that the full results of the Ukraine problem, the effect of sanctions on the Russian economy and the drop in the currency are yet to come, having started to have an effect in the second half. Like for like down 17% on last year. However, looking back simplistically to previous years with lower turnover (suppose there ends up being a 30% like for like drop in 2015), there could still easily be eps of 12-15p, with a generous dividend. That would be disappointing in their biennial 'high' year, but it represents quite good value imo. I think the 300p ish high was a result of growth out of recession and a rating that implied they were on a growth path, which is obviously now going to stall for the time being. Buying assets when there is a big headwind is supposed to be shrewd and ITE is certainly facing a nasty combination of currency and political problems. Currency cycles though. There'll be a period of maximum gloom I'm sure, in which to buy.
yump
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