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Glisten

October 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.

  • Epic Code:
  • GLI
  • Price:
  • 230p
A business that has laid out its stall to provide organic and natural products would naturally be expected to see a marked slowdown as consumers become reluctant to pay the usual 20% premium price for such products. Against that backdrop and also having to contend with increased raw material and utility costs Glisten has still managed to hold its head above water and reported a solid set of results for the year to 30 June. Sales grew by 26% to £73.8m (11% excluding acquisitions) with pretax profit up 18% to £6.7m. Eps went up 14% to 30.8p. The reason for a resilient performance, says finance director Rob Davies, is that Glisten's products typically cost between 99p and 199p and are therefore still affordable treats in tough econ ...

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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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