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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Glisten - Like-for-like sales up 7%

April 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.

  • Epic Code:
  • GLI
Shares in "buy & build" confectionery group, Glisten have surgedsince last month's update following excellent results for the six months to 31 December.  On an 11% increase in turnover pretax profit rose 12% to £0.95m, with earnings increasing 8% to 7.2p.  This was achieved in spite of a difficult Q1 because of the hot summer.  But what really whetted investors' appetites was the acceleration in growth post the period end, with sales for the first nine weeks being 18% ahead, including 7% on a like-for-like basis.   Glisten's brightest sales channel was retail (up 25% to £5.3m), while turning to the product mix, chocolate sales increasedby 18% to £5.5m, thanks to new product development.   ...

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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.

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