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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Glisten | LSE:GLI | London | Ordinary Share | GB0031734717 | ORD 12.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 138.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 138.50 | GBX |
Glisten (GLI) Share Charts1 Year Glisten Chart |
|
1 Month Glisten Chart |
Intraday Glisten Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/2/2010 | 20:40 | Is all that glistens gold? | 103 |
| 07/5/2009 | 14:38 | Glisten - debt build a worry but is a snack business recession proof? | 8 |
| 22/10/2007 | 12:01 | Glisten - worth a punt? | 335 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 10/2/2010 20:46 by topvest Missed out on this one. Looked at this a few weeks back, but price went up a tad so thought I would leave. That's this one and Hallin Marine, I have almost bought. Not good.Well done to those that bought near the bottom! |
Posted at 10/2/2010 19:42 by billbyrne Look at the statement below taken from the final results and I think youwill agree that the price being paid is no where near enough. They should take more time to rebuild the profit to 2008 levels before selling, maybe then long term shareholders will be rewarded as well. imho I agree, the directors are looking after their own interests. Commenting on the results, Paul Simmonds, Chief Executive of Glisten plc, said: "Although our results for the year are below our original forecasts, our confidence, optimism and determination to continue to make Glisten one of the very best young food businesses in its sector remain undimmed. We have made good progress again this year and, although this was overshadowed by shortcomings in the fourth quarter in Halo Foods, this has been quickly corrected. We are very pleased with progress since then and we feel that the prospects for the business are excellent We have had a good start to the new financial year with like-for-like sales ahead 13% at GBP25.0m after 17 weeks of the year. Group margins are in line with forecasts and all parts of our business are in growth and profitable. Halo Foods has started the year well with a profitable first quarter and growth ahead of the Group average." |
Posted at 10/2/2010 12:13 by silverscoop As a past holder of GLI who sold out last month following the poor figures, (my opinion), and the real possibility of a future dilution, I am obviously dissapointed for myself and anybody who paid more than the 140p now offered. I got out with a small profit, which would now be a large profit, but there are others who will have lost quite large sums. I think the Board have consistently put their own interests first and this is yet another example. Shame on you ! |
Posted at 17/1/2010 21:38 by boadicea Given the sharp rise on Friday afternoon, I assume GLI is the subject of a weekend tip or something similar. Does anyone have any clues?NB. The 14267 deal (reported late so shows as a sell) took place when the quote was 73/75p and they paid a huge 5p premium for a moderate size block - so someone (thinks?) they know something! |
Posted at 13/1/2010 16:59 by dnfa1975 The Group has agreed amended loan facilities of GBP32,000,000 with its lenders. Whilst the facility agreement has not been entered into it is intended to be in place over the next few weeks. These facilities, provided by Barclays Bank PLC are renewable on 31 December 2012 and are at variable rates which average 3.61% over LIBOR. GBP7,500,000 of this loan is repayable in quarterly instalments between March 2010 and December 2012 (existing facilities show repayments of GBP6,600,000 to June 2012). As part of agreeing bank facilities the Group has issued a warrant with a six year life over 5% of its issued ordinary share capital (circa 750,000 ordinary shares) at a warrant price of 12.5p. The cost incurred in relation to these loans is GBP640,000. The Group also has a commitment to issue two further tranches of warrants each of 2.5% (circa.375,000 ordinary shares) at 12.5p in February and May 2010 or pay two amounts of GBP450,000, one in February and one in May 2010. .... paying £7.5m in quarterly installments starting this March looks a big ask to me |
Posted at 03/11/2009 11:57 by nurdin Looks like value here is being recognised....PE of under 4,highly cash generative,legacy isssues now burried and trading is going well.Reckon GLI share price will recover much of the ground it has lost in last 12 months ....120p looks on the cards over the next few months imo....more if the general market condition improve. |
Posted at 03/11/2009 08:51 by boadicea I find it difficult to get my head round some of the financing arrangements whch have resulted in very significant impairment to the company's financial performance over the last two sets of accounts.The Yen adjustment in 2008 was large and arose, I assume - but have not verified, from a failure to take appropriate forward cover. The 2009 interest 'derivative' appears to be the result of covering variable rate borrowing against escalation of interest rates. But interest rates have actually fallen so that the projected value of the hedge has become negative and the difference between its cost and its current value has to be shown in the accounts. However, it is not in any way a trading loss of the business, rather a capital write down of an investment. If interest rates rise there will be a corresponding 'gain' in the position. One can only surmise that the loss at Halo appears perhaps to have been due, at least in part, to the opposite situation, where costs were treated as hedged (e.g. bought forward commodities/ingredie They explain that the interest hedge value adjustment has no cash cost this year (but a higher interest charge may already have been paid and accounted for) and may yet recover somewhat. If they had taken a fixed rate loan of cost certain, there would be no adjustment required although the overall effect on cash flow over the period of the loan could be essentially the same. The underlying business appears sound if only about half as profitable as the previous year and with ample scope to recover. As always, confidence may take time to return in the form of a restored share price |
Posted at 20/10/2009 08:39 by boadicea nurdin - Thanks for reminding me of GLI. It had slipped off my radar.We're in the middle of a quiet period awaiting the delayed results so bound to drift with the added effect of lateness being a lowering of expectations. ("Bad figures always take longer to add up"). However, if the previous guidance on the basics were proving significantly wrong they would have had to tell us by now. The balance sheet is not strong with rather too much 'goodwill' compared to most companies I might look at. However, it's a lot better than PFD, while even the safest in the sector (e.g. ABF) have a similar tendency and the RB. giant looks worst of the lot. All in all, not a bad time to be giving GLI some consideration imho. Just one afterthought - When the year's figures are out and the share price has perhaps recovered a bit further, they might conceivably go for a share issue. Risk is dilution if it's a placing without a matching open offer. |
Posted at 20/10/2009 07:18 by nurdin Not many stocks left now with PEs in the 3-4 region...apart from Glisten.The accounting faux pas at Halo Foods and the subsequent profits warning has left a slightly bitter taste in the mouth of investors but the issues there have all been resolved now and GLI look to be back on track.They reported their unuadited results for the year just gone recently which showed profits of around £3.5m and earnings of around 18p. Hardly a disaster for a company capitalised at only £11m !Fully audited results are due next couple of weeks which will confirm the figures already reported. GLI has some excellent brand names,is operating in a 'must have' niche of the food market and looks to be growing their market share, judging by their recent trading statement. Consensus forecast for the current year is for a profit of over £4m and earnins of over 20p,putting the stock on a PE of under 4! Either GLI will be rerated after they announce their fully audited results...or they will be snapped up imo.Either way I can see significantl upside in the share price from here... |
Posted at 25/6/2009 11:46 by silverscoop GLI are actively consolidating production to cut costs, which is good, but have suffered a reduction in demand and are being challenged on price at the tills. This is sure to affect profits and as Summer is not the busy season for GLI's products, I feel a trip down South is on the cards. Debt is always a problem and the accounting errors don't give much confidence, (what else could be lurking unseen!) but I'm confident that GLI is a good long term investment and the share price will improve when the party season kicks in later in the year. |
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