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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ITE - Event organiser enjoying Russian economic renaissance

January 2004

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.

Market historians among you may have noted the significant decision by credit ratings agency, Moodys, to upgrade Russian bonds from junk toinvestment grade, a far cry from the turmoil in 1998/9 when Russia was branded an economic basket case after massively defaulting on its debt.  One company relishing this oil backed wealth is ITE group, a leading organiser of business events predominantly in Russia and the CIS.   Founded in 1991, ITE took advantage of Russia's post communist desire to embrace links with the West to build up a substantial network of events.  At the time of its 1998 float, itran 35 exhibitions, and partly through a dizzy spell of acquisitive growth this has since ballooned to 114 events a ...

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