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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Glisten - Confectionery and snacking group on low PE of 3.5

June 2009

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:
  • 108p
Shares in Glisten, which was originally established to “buy and build” a portfolio of confectionery businesses, have been a by-word for volatility with a long up-trend from its float at 80p in late 2002 to its eventual peak at 415p in November '07 being followed by a steepling crash to 41p in March. This might seem odd given its remarkably consistent record in which turnover had increased from nearly £21m in 2004 to almost £74m in 2008, while pretax profit has grown from £1.3m to £6.2m in the same period. But the issue is that it mostly used debt to fund its acquisitions and when H1 results for 2009 showed the first ever decline in profit investors were spooked. Nevertheless, the situation was never qu ...

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Related Articles

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 - "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.

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