Ite Share Discussion Threads

[yump] 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.

[hazl] 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

[yump] 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.

[hazl] 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.

[yump] 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 ?

[geko5trade] 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.

[yump] 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] 01/12/2014 15:01

I guess there are also the other 'problems' with Russia, although I've not seen anything much concerning actual trade problems, perhaps there are some gathering in the wings.

Unless ITE have really come a cropper somewhere, at some point the share price doom will be overdone. Followed it for years, in and out only a couple of times, missing some big gains last time I sold (out atm). Always seems to have been well-run through good times and bad.

[geko5trade] 01/12/2014 11:45

I was looking at these again thinking the same thing. Nearly bought some at 180 and then thought 160 support would hold. But the chart still looks awful so I think I'll sit on my hands. You say it can't just be Russia but ITE are exposed to the exchange rate and the ruble doesn't look like recovering anytime soon. Russia looks firmly in recession with construction sector dead and we have yet to see whether central bank support will prevent attacks on the currency. Didn't work in this country with sterling! Can't be anyone with a better understanding of their market than Taylor and he was FD before becoming CEO so he should know best way to handle the situation. Still difficult to see what he can do. There is support in the 140's so if it gets there we'll see if the directors start buying again. If it goes below that then who knows.

[seans66] 13/11/2014 22:19

This is now lowest this share has been for 3 years. It cannot just be Russia that is dragging this down?

[sjewson] 03/10/2014 15:01

at this price I beleive its worth topping up so thats exactly what im going to do.

See naked trader is in at 191p get yourself a large % discount!

Russia dragging share prices down

[richtea1701] 02/10/2014 20:56

Is this now a buy - director good size top up. Will it stay in FTSE 250?

[topvest] 01/10/2014 21:13

That's because this is a high quality company. Just been caught up in the adverse Russian sentiment. May be worth a top-up soon?

[edlndn] 01/10/2014 11:04

Good to read "a better than expected trading performance" & "headline profits will be ahead of current consensus".

[edlndn] 30/9/2014 21:56

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.

[matt123d] 30/9/2014 13:29

Covered most of my short on this 171p triangle. Can't see it expanding to the downside just yet.

[edlndn] 30/9/2014 13:14

Pre close announcement tomorrow (1st Oct). I hope there is some positive news...

[matt123d] 19/9/2014 22:09

Really ugly price action on heavy volume, someone wanted out.

[bigdazzler] 22/8/2014 13:46

Well nice little rise over recent days.
First target around 208p which is 50d moving average.

More realistic targets I have are 220p which is recent resistance in 2013, 231p which is the top of a current downward trend channel and 248p which is recent resistance.

[bigdazzler] 19/8/2014 14:26

Based on the technicals this looks due a rise. Will update on what I see later

[asagi] 15/7/2014 07:38

"The Board remains confident in the outlook for the current financial year"

take it back, it reads as an in-line.

Asagi (long ITE)

[asagi] 15/7/2014 07:17

That reads like a profit warning to me.

Not too nasty. Currency movements have hurt.



Asagi (long ITE)