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Earnings, Acquisitions, Market Activity, and New Projects - Analyst Notes on Londonmetric, Petra Diamonds, ITE Group, JPMorgan American Investment Trust and Carillion

June 15, 2014



LONDON, June 16, 2014 /PRNewswire/ --


Today, Earnings Review released its analysts' notes regarding Londonmetric Property Plc (LON: LMP), Petra Diamonds Limited (LON: PDL), ITE Group Plc (LON: ITE), JPMorgan American Investment Trust PLC (LON: JAM) and Carillion plc (LON: CLLN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3741-100free.

-- Londonmetric Property Plc Analyst Notes On June 3, 2014, Londonmetric Property Plc (Londonmetric) announced financial results for FY 2014 (period ended March 31, 2014). During the year, the Company posted 75.3% YoY increase in net rental income to GBP51.3 million. Profit after tax for FY 2014 came in at GBP125.3 million, as compared to a loss of GBP13.5 million in FY 2013. The cash and cash equivalents were reported at GBP78.4 million, as of March 31, 2014, as against GBP37.6 million as of March 31, 2013. Commenting on the financial results, Patrick Vaughan, Chairman of LondonMetric, said "This has been a year of delivery on all fronts for LondonMetric. The team has materially repositioned the portfolio with nearly GBP1 billion of investment activity which has added over GBP10 million to our annualised rent roll, increased the length of our leases and replenished our stock of development opportunities." The full analyst notes on Londonmetric are available to download free of charge at:

http://earnings-review.com/3741-LMP-16Jun2014.pdf

-- Petra Diamonds Limited Analyst Notes On April 23, 2014, Petra Diamonds Limited (Petra Diamonds) reported its Interim Management Statement and Q3 FY 2014 (period ending March 31, 2014) production and sales report. The Company reported 14.9% YoY increase in production for Q3 FY 2014 to 743,424 carats primarily attributable to the strong run rate and increased contribution from Finsch. Revenue for the quarter came in at $163.9 million, up 55.1% YoY. Johan Dippenaar, CEO, Petra Diamonds, commented, "Petra continues to deliver further production and revenue growth, and these results demonstrate that the Company is firmly on track to meet its full year target of circa 3 million carats. The diamond market has had an encouragingly strong start to 2014, further underpinning Petra's positive outlook for the remainder of the 2014 financial year." The full analyst notes on Petra Diamonds are available to download free of charge at:

http://earnings-review.com/3741-PDL-16Jun2014.pdf

-- ITE Group Plc Analyst Notes On June 11, 2014, ITE Group Plc (ITE Group) announced the expansion of its business in Southeast Asia after signing a binding contract to acquire 50% of the shares in PT Debindo Unggul Buana Makmur (DUBM), owners of the Indobuildtech Expo series of exhibitions in Indonesia. According to the Company, the completion of the acquisition is subject to the approval of the Indonesian Investment Coordinating Board - BKPM. ITE Group stated that the largest of the Indobuildtech Expo events is held annually in June in Jakarta, which attracts over 33,000 visitors. ITE's CEO, Russell Taylor, commented, "This acquisition delivers on two strategic fronts for us. It further strengthens our market position in the building & interiors sector which is our largest single vertical market and one in which we have considerable depth of knowledge and expertise. Secondly, it adds to our presence in the region's largest market - Indonesia." The full analyst notes on ITE Group are available to download free of charge at:

http://earnings-review.com/3741-ITE-16Jun2014.pdf

-- JPMorgan American Investment Trust PLC Analyst Notes On June 11, 2014, shares of JPMorgan American Investment Trust PLC declined 0.92%, from its previous day's close and ended at GBP248.00. During the trading session, the Trust's shares opened at GBP249.30 and oscillated in the range of GBP247.80 - GBP250.25. Over the previous three trading sessions, the shares of the Trust increased 0.34%. The full analyst notes on JPMorgan American Investment Trust are available to download free of charge at:

http://earnings-review.com/3741-JAM-16Jun2014.pdf

-- Carillion plc Analyst Notes On June 12, 2014, Carillion plc (Carillion) reported that the Carillion consortium has been appointed as the preferred bidder for Aberdeen Western Peripheral Route/ Balmedie to Tipperty Project (AWPR/B-T). The Company stated that this project, which is estimated to be GBP745 million, is being executed in partnership by Transport Scotland, Aberdeen City Council and Aberdeenshire Council and is being procured under the Scottish Government's Non-Profit Distribution (NPD) model. According to Carillion, the AWPR project, includes the design and construction of 46 km of new dual carriageway between Stonehaven and Charleston, in the south, and Blackdog in the north and a further 12 km of upgraded existing dual carriageway between Blackdog and Tipperty. The Company intends to invest up to GBP20 million of equity (one third share) in the project and is entitled to one third share of the construction revenue. The full analyst notes on Carillion are available to download free of charge at:

http://earnings-review.com/3741-CLLN-16Jun2014.pdf

=============== EDITOR'S NOTES: ===============

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