Ite Share Discussion Threads

[elgordo] 07/12/2012 16:37

I think he meant the 1990s. Been holding these myself since my first purchase back when they were still Cementone, in May 1997, at 66p (which works out at around 8% growth p.a., excluding dividends).

[hugh garss] 07/12/2012 16:11

Well done buying in 90p range, I got in at 193p a few weeks ago - very pleased! New Goldman Sachs recommendation today with 325p target. Nice :)

[lufc5] 05/12/2012 08:22

I was totally wide of the mark then. I've had these shares since the 90's. Around a 3-4 bagger at the moment. You?
GL.

[hugh garss] 04/12/2012 22:12

Sorry to disappoint...Cov City (FA cup winners in 1987 in case you've forgotten). I'm old enough to remember the early 70's Leeds team that you either loved or hated - there was no middle ground. Anyway, nice to have some company and nice rise with ITE today. Good luck.

[lufc5] 04/12/2012 22:05

Well, you are one lucky lucky chap then.....lol.

Ok. Hit me with it. Manure or Chelski?.....or am I wide of the mark?
;o)

[hugh garss] 04/12/2012 21:39

Just my luck, the only one out there is a freaking Leeds supporter!

[lufc5] 04/12/2012 21:34

....can anybody hear me....?

[northernlass] 15/9/2012 01:53

BROKERS REMAIN BULLISH FOR ITE GROUP

17 July 2012

PEEL HUNT retains its BUY recommendation for ITE Group with a target price of 275p.

NUMIS retains its BUY recommendation for ITE Group offering a target price of 289p.

19 July 2012

INVESTEC reiterates its BUY recommendation for ITE Group with a target price of 260p.

20 July 2012

GOLDMAN SACHS retains its Conviction BUY rating for ITE Group, setting a target price of 320p.

24 August 2012

SINGER CAPITAL MARKETS reissued its BUY rating for ITE Group and has given a target price of 284P



P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[topvest] 09/9/2012 10:45

All looking good here ahead of the final results.

[northernlass] 31/5/2012 13:26

Further Acquisitions Planned

ITE LOOKS TO MAKE FURTHER ACQUISITIONS IN INDIA, SOUTHEAST ASIA

ITE Group Plc (ITE), the London-based international events organizer that does most of its business in Russia, is looking to make acquisitions in India, Turkey and southeast Asia.

The company expects to make further purchases in India and possibly Turkey over the next year, Chief Executive Officer Russell Taylor said today. The "right" acquisition in China may take as long as three years to find, he said.

"We are planning to progressively invest our cash balances," Taylor said in a telephone interview. "We are looking at countries like Indonesia and Malaysia and you can never ignore the possibility of investing in China."

ITE, which operates in more than 30 countries, bought two companies in Ukraine and one in India in the fiscal first half and is due to complete another purchases in India in the next few days, Taylor said. Acquisitions accounted for two-thirds of the increase in first-half revenue.

ITE had net cash of 16.4 million pounds on March 31, compared with 5.5 million pounds on Sept. 30 after free cash flow of 32.7 million pounds in the first half. Its biggest acquisition in the past five years cost 33 million euros ($42 million), according to data compiled by Bloomberg.

Net income in the six months ended March 31 surged 89 percent to 5.1 million pounds ($8.1 million), or 2.1 pence a share, from 2.7 million pounds, or 1.1 pence, a year earlier, the company said in a statement. Revenue rose 29 percent to 68.6 million pounds.

On a same-store basis revenue booked so far in the current year is 6 percent ahead of this time last year.

Source:

[topvest] 21/5/2012 09:25

Yes, it keeps on delivering - another good set of results.

[blippy2] 21/5/2012 08:58

@sjewson Yeah, this thing is under the radar.

A cracking little set of interims this morning. Net cash up, revenues up 29%, PTP increased from 53m to 69m, divvies 10.5%. That'll do for me.

[sjewson] 30/3/2012 21:58

It amazes me that no one is even following this share, its been a triple bagger for me, roll on happy dayz!!! A Russian masterpiece play!

[topvest] 04/1/2012 17:48

Forecasts appear to be about 16p this and 18p next year. This is a great company in my view. The price may dip short term, but think this will go to £4 or £5+ sometime in the next 5 years or so. If it crashes to a £1 in 2012 I will be topping-up big time!

[ryandj2222] 04/1/2012 14:23

It might do today I think...

[nofool] 02/1/2012 12:41

I'd like to trade these under 200p again, but will the market oblige?

[ryandj2222] 02/12/2011 15:13

Ha yep that's probably true topvest - no attempted rampers which is always good to see on a board. I have some of these for my 1-year-old's CTF, so can be very patient!

[topvest] 01/12/2011 08:16

Yes, this is a very good company in my view operating in growth markets. With a good dividend and no debt and 30%+ returns on capital it looks very attractive. The fact that nobody posts on this board is also pretty positive!

[ryandj2222] 30/11/2011 21:38

Seems like a very quiet board! Interesting solid share though, I just bought in at 183 ish yesterday after watching for a whole. With the nice recent results and acquisition plans, I hope it can hit ~270 or more by next year.

[topvest] 24/10/2011 20:01

I decided to dip my toe in for a few today. The financials of thiAs business are highly impressive - very high operating margins (c30%), massive ROAE (c30%) and no debt. Acquisitions and share buy backs have all been done by cash flow and looks well place to keep pushing the dividend up by 10% or so a year. Emerging market exhibition has to be the place to be and it's traded very well through the recession.

[new tech] 02/9/2011 14:47

Investec is saying 230p.

[grigor] 29/7/2011 20:47

UBM - Events business outperforming