Glisten Share Discussion Threads

[eisler] 09/12/2008 12:27

Looks like sub-100 on the cards. The share price reduction seems way overdone - if it's only a downturn in sales that is driving it. Are there funding problems or anything else causing this?

[glennborthwick] 08/12/2008 10:46

i have a vending machine company and by and large snacks sell whatever. Its the big ticket items that go first, holidays , cars. Theonly problem is whena business shuts down and your machine is inside

[leetholdings] 08/12/2008 10:39

The wonder of Woolies, I wonder how much exposure GLI have to the Woolworths situation. I would imagine a lot of Woolworths panned confectionery comes from the Blackburn plant! Other than that I have always thought confectionery was fairly recession proof, people stay in with a sweet treet to save money rather than indulging in more expensive pastimes. I seem to remember Cadbury doing well during the recession of the early 90's. I was once told when I worked in the industry that people who live in poorer areas and have lower incomes tend to consume more snacks and sweets.

[iomhere] 24/10/2008 15:38

Wouldn't have thought snacks were essential items in the weeks' shopping trolley but there's a mention in today's FT's Small Talk column where it's seen as having a well covered divi and strong balance sheet.

[energeticbacker] 24/10/2008 09:18

Consistent performer but debt build up a worry and last deal was pricey. There is a decent note on Investors Champion (www.investorschampion.com) but anyone know how snack businesses perform in a recession?

[babylon3] 09/5/2008 12:09

Very quiet thread this. I guess I am the only holder....

[babylon3] 07/5/2008 11:57

ANd then 5 shares - what is that all about then?

[babylon3] 07/5/2008 11:22

Own up who bought 6 shares?

[babylon3] 06/5/2008 11:17

Some good buying again today....

[babylon3] 29/4/2008 14:55

Small buys yet the price moves up not insignificantly...news afoot perhaps?

[garfield31] 29/3/2008 13:08

Is ti the increase in debt which worries the market?

[one for the money] 11/2/2008 08:44

Cambium

It's quiet on here since you started the thread. Lets see what the results bring.

Cheers
john

[luckythedog] 22/10/2007 12:01

Nice Recovery (although I never doubted Glisten's quality would shine through)

[cootuk] 19/9/2007 14:33

Certainly is true.

[gac100] 19/9/2007 14:07

Sitting tight, and awaiting the agm on 7 Nov - details announced today:

"The fifth Annual General Meeting of the company will be held at The Hovels,
Harewood Estate, Harewood, Leeds, LS17 9LF at 2.30pm on 7 November 2007."

"The Hovels" ?!?!?! - is that for real or has some tea boy doctored the RNS

[gac100] 14/9/2007 10:31

I wrote on 3 Sep:

"Results next Monday (10 Sep) - I'm hoping to see continued strong cash flow and further reduction in net debt."

My hopes weren't entirely met:

The net cash inflow from operating activities during 2007 was £7.4m (2006: £7.7m), although as was pointed out in the results "This reflects a strong conversion of profits to cash over a two year period of 100%."

Meanwhile net debt at 30 June 2007 was £12.9m (2006: £12.1m), and has risen further following the acquisition of Dormen announced on 7 Sep to a hefty £21.0m. Gearing has gone from less than 60% to close to 90%.

I'm considering my position - not a fan of high levels of debt generally, but GLI's cash flow is attractive.

[cootuk] 07/9/2007 07:34

Another acquisition.

[cootuk] 05/9/2007 15:26

The only thing I can think of is that cereal prices have increased dramatically recently, so maybe their production costs have increased for the things like cereal bars?

[riskblue] 05/9/2007 14:49

I'm concerned about the steady drop leading up to results - I expected the reverse. Any hint of bad news anyone is aware of?

[gac100] 03/9/2007 12:31

Results next Monday (10 Sep) - I'm hoping to see continued strong cash flow and further reduction in net debt.

[mctmct] 03/9/2007 12:17

Any news on current trading?

[cootuk] 25/7/2007 22:01

He might be able to get GLI to cherry-pick any bits of the business that might fit, or put them on to suppliers who now have surplus capacity.

[jangaman] 25/7/2007 21:42

Note the announcement today. This company shares a non exec with Interlink foods which was a great story for a while and then the profit warnings started to kick in eventually leading to administration. That fact makes me nervous. I suppose at best he was just unlucky to be involved.....