Viewing posts from August, 2018

Nanosonics (ASX:NAN) Share Price Popping On Short Squeeze

A major reason to study short-sellers is that a weak short thesis can create opportunities to buy underpriced equity.

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1300 Smiles (ASX:ONT) Stays Steady: FY 2018 Annual Results

Dental aggregator 1300 Smiles announced a decent set of results today. Here are the highlights:


  • Over-the-counter revenue up 9.6% to $55.8 million (this includes revenue earned by the self employed dentists that 1300 Smiles provides services to).

  • Statutory revenue up 8.8% to $39.3 million

  • Dividends up 4.3% to 24 cents or a trailing twelve month yield of 3.6% based on the current share price.

  • Earnings-per-share (EPS) up 5% to 32.2 cents

  • Net profit after tax (NPAT) up 5% to $7.6 million

  • Free cash flow was $0.2 million compared to $3.6 million last year as the company ramped up its acquisition activity.

  • Operating cash flow was up 18.2% to $10.4 million

  • Net cash of $0.3 million


The following chart shows the relatively steady upward trajectory of the company over recent years barring the blip in 2013/2014 which was impacted by the withdrawal of the Chronic Disease Dental Scheme (CDDS). Note there is also a clear seasonality to the business with H1 typically stronger than H2. (Click image to view).

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GBST Holdings (ASX:GBT) 2018 Annual Results

It has been a tough couple of years for GBST Holdings Limited (ASX:GBT) since their former CEO Stephen Lake stepped down in 2015 and this year was no different. Revenues rose just 0.3% to $88.3 million and EBITDA (earnings before interest, tax, depreciation and amortisation) was up 1.7% to $12.2 million.

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Capilano Honey Ltd (ASX:CZZ) Takeover: Annual Results

Honey producer and distributor, Capilano Honey (ASX:CZZ) today announced its annual results for the 2018 financial year, as well as a takeover offer priced at $20.04 per share.

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Ethical Equities Returns

Big news -- Ethical Equities is Back!


After a four year hiatus spent building a market beating track record at Motley Fool Hidden Gems, I will now be moving all my stock market commentary to Ethical Equities, and refreshing the site.

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