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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Glisten - "Buy-and-Build" confectionery group trading well

June 2005

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
  • Price:
  • 246p
Glisten, which was established to "buy and build" a portfolio of confectionery businesses has made a dream start towards its initial target of growing annual sales to over £100m. Glisten was only formed in 2001 but thanks to two significant acquisitions last year, its broker, Charles Stanley, now expects turnover to triple from £21m to £60m and pretax profit to increase nearly 130% to £4.1m in the two years ending 30 June 2006. While the shares (as the chart opposite shows) have enjoyed an excellent run they hardly stand on a runaway valuation with the prospective PE, for the year starting 1 July, standing at just 12.3. After our recent meeting with chairman, Jeremy Hamer, our ...

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Related Articles

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 - Forecast beating results (December 2006)
Glisten - Record sales of £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 - 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.

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