Ite Share Discussion Threads

[topvest] 12/8/2016 08:11

I think the rise is due to 2 factors: general market strength and Russian economy has bottomed and showing signs of improvement.

[geko5trade] 11/8/2016 13:01

ITE have always been undervalued even though they have proved themselves very cash generative through thick and thin in the market. Substantial uplift from currency one factor. Management always been good now significantly strengthened. In the past they generated so much cash they hardly knew what to do with it and regularly bought back their own shares. Looks like they now intend to get the share price back up!

[deadly] 11/8/2016 11:16

So what's this sudden exhuberance and break out due to; 7% up on a market down day?

[topvest] 12/7/2016 19:45

Yes, think this has probably bottomed out. Currency is now a significant tailwind.

[elgordo] 10/5/2016 16:42

Mark Shashoua profiled in The Times' "City People" section today. Described as one of the best known figures in the business, and as joining ITE with it "in reasonably good shape".

The sentence that stands out, however, is this one - "Peel Hunt... suggests the new appointment could be a prelude to ITE being taken private." Something starting with a 2 would be enough to persuade me...

[topvest] 09/5/2016 18:52

Yes, the dividend cut was clearly disappointing. Nevertheless it's now out of the way and we can hopefully look forward to a bright future as overall the business is doing OK in difficult market conditions.

[elgordo] 09/5/2016 16:41

For long term holders, the (somewhat unexpected) appointment of Mark Shashoua as CEO will bring back memories of the early days of ITE as a plc. Back to the future? Whilst the dividend cut reflects reduced free cash, I do wonder whether this appointment will herald an acceleration of ITE's M&A activities to diversify away from ex-CIS geographies.

As for the analysts -

Analysts Investec said the dividend cut was unlikely to be taken well but that it was “more about cover build than a cash ‘crisis’. New CEO appointment looks a net positive.” The advice was to “buy for long-term value with good fundamentals/yield, but near term is still tough with oil price/domestic weakness hitting FX, GDP and Russia/CIS”.

Key risks underlined were Ukraine/Russia situation and GDP prospects feeding to ITE events.

Numis added in its analysis of the news that ITE Group remained good value at current levels, with a ‘buy’ recommendation.

[gucci] 26/4/2016 15:35

ITE interims May 9th

[gucci] 19/4/2016 14:31

Up over 10%

[gucci] 19/4/2016 13:26

big bowl to 200p here

[gucci] 19/4/2016 13:11

interesting trades today

[yump] 02/3/2016 15:19

Put the chart the other way up and everyone would be saying a breakout is imminent. Try it ;-)

[yump] 09/2/2016 08:42

I think this is heading for a significant drop. There, that should send it up.

[yump] 01/12/2015 10:19

I'll have a few but not yet. I think the combination of Russia, Central Asia and the oil price has yet to play out fully for ITE. The main issue is what rating can it command in the 'weak' year, with weak results and I think 140p is stretching it quite a bit.

Its a well run business and they've diversified their business geographically, but its a fight between growth in new areas and double hits in others.

The other issue is that they've cleverly been in growth markets previously, which because they were growing have made ITE grow. Diversification makes the business more secure, but also limits growth, except in a global growth phase.

Bit like having loads of different shares, rather than a few.

[topvest] 01/12/2015 08:21

Results OK. Tough H1 in prospect, given we are into the normal two year cycle of weaker results for next financial year, but looks like H2 will hopefully be more stable with less onerous comparatives. Hopefully, the like for like deterioration has almost worked its way through. Business will inevitably bounce back at some point. Happy to hold (after doubling up) as this is a quality business and it looks like they are committed to holding the dividend.

[gucci] 30/11/2015 10:08

Excellent move up today

[dlku] 24/11/2015 13:27

Turkey shoots down jet

[gucci] 18/11/2015 12:46

upwards and onwards

[seans66] 09/10/2015 09:36

Added this week.

[gucci] 08/10/2015 11:20

looks good
heading for 200p

[gucci] 07/10/2015 14:55

Doubled up too

[topvest] 17/9/2015 10:01

I've doubled up today. This is fundamentally a very good business. Russia will pick up. Diversification strategy has helped anyway. Looks good value.