Updates

Glisten - Margins surge 25%

May 2007

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.

Snack and confectionery foods group Glisten, a main recommendation at 246p back in June 2005, has developed a reputation for delivering strong results and its recent interims fully justified the latest surge in the shares. For the six months ended 31 December, Glisten’s pretax profit increased 27% to £2.6m on turnover ahead 8% at nearly £30m. Earnings rose 20% to 13.7p. There were two outstanding features including a surge in its operating margin from 8.3% to 10.4%, while free cash flow was good enough to reduce net debt by £2.5m to £10.6m, reducing gearing from 68% to just 49%. The strongest performances came from its healthy snacking foods business, Halo Foods, with like-for-like sales inc ...

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Styles & Wood - Shares hit new highs

Experian

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 - Forecast beating results (December 2006)

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.

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