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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE

January 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Back in August we recommended trade show owner and organiser, ITE,at 30p and the shares recently hit a high of 38p after the groupannounced earnings of 2.2p for its full-year results in2002,comfortably beating broker, Investec’s  forecast of 1.6p.A large part of ITE’s recent success is due to its exposure toRussia (65% of gross profit), where the economy has been powering aheadin recent years.  But this is no overnight success story. The group has spent nine years building up substantial tradeexhibitions in industries such as construction, travel, oil & gasand automobiles and its clients feel these events are important enoughto book well in advance.  For example, 65% of forecast sales forthe current yea ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X