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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Glisten - Confectionery group defies heatwave

November 2003

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
Shares in confectionery business, Glisten, have enjoyed a tremendousrun, following excellent final results and news of a second acquisition.  They have now more than doubled since our main recommendation back in August last year.   For the year to30 June 2003, turnover grew 9% to £15.6m, while pretax profit jumped 31% to £1.5m. Earnings increased 23% to 10.6p and operating margins rose from 8.1% to 9.7%. Last September, Glisten paid a deferredconsideration for Glisten Confectionery of £1.69m, but overall net debt only rose from £0.73m to £1.07m (gearing: 18%) thanks to the group's strong cash flow of £1.6m last year. Two more payments of £1.15m and £1m are due respectively, on 30 September 2003 a ...

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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)
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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 - 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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