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Glisten

February 2009

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
  • Price:
  • 100p
Glisten has proved unprotected from the general consumer downturn with a slower than expected sales performance in Q2 trading, impacted by increased promotional activity. In particular, there were lower volumes seen in the confectionery and savoury snacks business. Sales for the first half to end December will be +6% on H108 due to price increases rather than volumes. First half operating profits will be behind last year as a result of some under-recovery of overheads caused by the lower volumes. First half profits are now expected to come in at c.£1.8m versus £3m last year and will be announced on 23 March.To counter the reduced demand, Glisten has launched a range of “price-fighting†products under its own and supermarket o ...

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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

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