image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Glisten

June 2008

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:
  • 344p
Glisten was formed in 2001 with a goal of achieving annual sales of £100m through a strategy of “buy and building†a portfolio of confectionery businesses. Following several acquisitions, including a move into the faster growing healthy snacking foods segment, its interim results suggest it is nearly three quarters of the way there already. For the six months to 31 December, turnover increased 13% to £33.5m, while profit before tax excluding share-based payments rose 25% to £3.3m. This was 10% ahead of forecasts, largely reflecting a one-off gain relating to a foreign currency-denominated interest rate swap. Adjusted diluted eps jumped 24% to 16.9p. The recent share price weakness is attributable to the hike in utilit ...

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

Subscribe now

Already a subscriber? Login

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 - 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 - "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