Updates

Zetar

March 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.

First half results from novelty chocolate manufacturer Kinnerton, the sole acquisition to date of confectionery and snack food vehicle Zetar, were slightly better than expected. A loss in this seasonally quiet six month period ending 31 October (which excludes Easter) is usually expected but Kinnerton made an operating profit before interest of £0.74m and a pretax profit before goodwill of £0.22m from a 12.5% rise in sales to £21.9m. Net debt was £13.6m reflecting the seasonal working capital build-up. Much of Zetar’s growth came thanks to winning extra non-seasonal sales to help utilise the factory in quiet times, with Tesco and Sainsbury starting to feature in this area as well as M&S. Another ...

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Spice Holdings

TanzaniteOne - Shares soar after resources upgrade

Zetar - Mixed trading throws up sell signal (June 2008)

Zetar - Operating profit rises 28% (March 2008)

Zetar (January 2008)

Zetar - Organic growth running at 27% (September 2007)

Zetar - Buys snack food firm (July 2007)

Zetar - Recent acquisitions trigger re-rating (March 2007)

Zetar - One of only a few to remain close to its high (August 2006)

Zetar - Trading beats expectations (June 2006)

Zetar - Trading in line with expectations (September 2005)

Zetar - Easter trade in line with expectations (June 2005)

Zetar - AIM shell acquires fast-growing confectionary business (May 2005)

Zetar - New shell from Augean backers (February 2005)

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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