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Glisten - Record results; gain to date: 197%

October 2004

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
After pulling back to 218p shares in confectionery group, Glisten resumed their uptrend ahead of delivering another set of record resultsand at the current price sport an impressive 197% gain since our original recommendation at 86p in August 2002.   For the year ended 30 June, Glisten's pretax profit rose 32% to £1.8m on turnover up 33% to £20.8m, while fully diluted earnings increased 22% to 13.1p.  Net cash inflow increased 30% to £2.1m, which helped finance further deferred consideration for Glisten Confectionery of £1.15m and capex of £0.75m, including a new plant to manufacture chocolate buttons.  However, gearing rose from 18% to 53% after financing the cash element of acquisitions made.  A ...

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Related Articles

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 - 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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