Updates

Zetar - Organic growth running at 27%

September 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.

Results from snack foods and confectionery firm Zetar were marginally better than its comprehensive pre-close update had indicated. For the year ended 30 April, pretax profit increased 127% to £5m on turnover up 64% to £94.9m. Underlying eps increased 16% to 41.5p. Stripping out the first-time contributions of Salamander and Humdinger, which generated an operating profit of £1.4m, underlying profit growth was a more than respectable 27%. Net debt increased from £9m to £9.8m, helped by an £11m equity fund-raising last July at 400p a share but it will have risen following the post year-end acquisition of Britannia. Zetar’s confectionery division, Kinnerton, which manufactures niche and nove ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Northgate

Interactive World - Reverse take-over by Sport Group Newspapers

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

Zetar - Operating profit rises 28% (March 2008)

Zetar (January 2008)

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 (March 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.

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