Shares in ITE Group (LSE:ITE) are down more than 40% from their peak in October 2013, after several years of crashing earnings per share.
There has been a slow share price recovery in the past two years, as the firm is engaged in a "3-Year Transformation & Growth (TAG) Programme" -- but looking at Tuesday's full-year results, I'm not feeling any great attraction right now.
Support services and construction group Interserve (LSE:IRV) has been hammered by a run of bad news and profit warnings. Could now be the perfect time to buy the bombed-out shares or is the slump set to continue?
News of a contract win today has sent Interserve's shares up a couple of pence to 118p, continuing a recovery from a low of 74p on 14 September. Nevertheless, they remain down by 65% for the year to date.
ITE Group's performance in the fourth quarter was in line with management expectations.
The group said that following the strategy update, it had been focusing on core market leading events and this had seen strong revenue growth which had offset the cancellation of smaller, non-core, low yielding events.
It said revenues for FY 2017 were expected to be around £151m (2016: £134m).