Updates

Glisten

July 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.

Glisten has shocked the market by announcing that it has discovered accounting failures at Halo, the cereal bar business in Wales. The statement said that the accounting issue relates to the failure to take into account the higher material prices and operating costs. The effect of correcting these accounting failures in Halo will be to reduce Group operating profits for the full year to around Â£5.8m (versus Â£8m last year). The MD and FD of Halo have both been suspended. Year end debt is expected to be Â£26.5m, down Â£1m or so during H2 and debt is expected to continue to fall steadily throughout 2010. Broker KBC Peel Hunt reckons the issue will result in banks resetting bank covenants and a higher rate of interest go ...

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Haike

KSK Power Ventur - To expand to 9GW within five years

Glisten (April 2009)

Glisten (February 2009)

Glisten (October 2008)

Glisten (April 2008)

Glisten - Increasing brand ownership (October 2007)

Glisten - Moves squarely into organic food (April 2006)

Glisten - Moves into fast growth cereal bars sector (February 2005)

Glisten- Take profits (April 2003)

Glisten - Acquisitions will be trigger (November 2002)

Glisten - Reduces placing price (July 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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