Updates

Glisten - Forecast beating results

December 2006

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.

Spurred on by forecast beating final results, shares in confectionery and snack foods firm Glisten, have soared to a new high of 402p. For the year ended 30 June, pretax profit increased 60% to £34.8m on turnover up 35% to £55.6m. Fully diluted earnings increased 34% to 27p. Operating cash flow was particularly strong, doubling to £7.7m, which meant that in spite of spending £7.7m on acquisitions and deferred consideration from previous deals, net debt only increased £2.7m to £12.1m. That left gearing at 58%. Glisten operates a "buy and build" strategy and has successfully branched out from its original business of edible cake decorations through completing seven acquisitions since it ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Carter & Carter - Shares gain Â£2 in just two months

Speedy Hire - Another in-fill acquisition

Glisten - Confectionery and snacking group on low PE of 3.5 (June 2009)

Glisten - Reduced trading volumes (March 2009)

Glisten - Prospective PE just 3.2 (January 2009)

Glisten - Coping with rising costs (November 2008)

Glisten (June 2008)

Glisten - Margins surge 25% (May 2007)

Glisten - Record sales of Â£56m expected (August 2006)

Glisten (May 2006)

Glisten - Second cereal bar aquisition (February 2006)

Glisten - Shares hit new highs (December 2005)

Glisten - Strong results trigger broker upgrades (November 2005)

Glisten - "Buy-and-Build" confectionery group trading well (June 2005)

Glisten - Record results; gain to date: 197% (October 2004)

Glisten - Like-for-like sales up 7% (April 2004)

Glisten - Gain to date: 174% (March 2004)

Glisten - Confectionery group defies heatwave (November 2003)

Glisten - Gain so far: 38% (April 2003)

Glisten (January 2003)

Glisten (December 2002)

Glisten - Fast growing niche food group (August 2002)

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