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Glisten - Coping with rising costs

November 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.

For the year to 30 June revenues rose 26% to Â£73.8m while pretax profit increased 18% to Â£6.7m. Eps were up 15% at 34.1p. After a sluggish performance in H1 the performance was stronger in H2 although operating margin fell from 11.3% to 10.85% reflecting a changing sales mix and an 8% jump in raw material costs. Glisten's confectionery side (which encompasses chocolates, nuts, jellies and popcorn) saw sales grow 8% to Â£33m in spite of a rationalisation of its range and it is currently enjoying a resurgence of its value brands. New business has been won in the Co-op, Poundland, BHS and Sainsbury. Meanwhile, the fruit and cereal snacks division, which trades as Halo, grew sales 3% to Â£29.4m and was achieved in spite of the loss ...

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Chemring

Cape

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 (June 2008)

Glisten - Margins surge 25% (May 2007)

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.

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

Glisten - Coping with rising costs

November 2008

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