Viewing posts by Claude Walker

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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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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The Problem With Oliver's Real Food

Does Oliver's Real Food Infect Minds With An Anti-Vax Message?


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Rectifier Technologies (ASX:RFT) and the Anatomy of a 300% Gain (And Counting)

You didn't think it was me who was buying the Australian rectifier manufacturing company Rectifier Technologies (ASX:RFT) at a price of 0.002, did you?

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Ethical Equities Performance Financial Year 2015

Well, in the spirit of accountability, here is my private portfolio performance for financial year 2015.

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Update on the Ethical Equities Micro Cap Healthcare Watchlist

Back in September last year I decided to run an experiment regarding a basket of microcap health stocks. I had a theory that a basket of small healthcare stocks would beat the market. Therefore, by selecting from within that basket, one could improve the chances of beating the market. My aim was to beat the ethical equities micro cap healthcare watchlist in my own portfolio, but I also wanted to see whether the watchlist itself would beat the market.

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Ethical Investing, 2 Years On

My investing journey started in 2009, but I didn't really have a clue what I was doing at that stage, and I was essentially a mug punter taking random bets in between law lectures. We all start somewhere.

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Next Level

I've had this sitting in drafts for a while. I can see that the number of regular readers is declining since I temporarily signed off in the last newsletter, but I hope a few of you will enjoy this excerpt from an email I received a while back. I think it's interesting to hear what actually motivates people to invest ethically.

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Is 1300 Smiles Limited (ASX:ONT) the best stock for ethical investors?

I won't be posting much research on this website for a while, so it's fitting that I bow out with a public note on 1300 Smiles Limited (ASX: ONT).

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