1300SMILES Result

By Jason Fittler

1300SMILES was listed on the ASX by this office on the 11/03/2005.

The initial purchase price of the shares in the IPO was 0.80c, since that date we have seen highs and lows in the broader market, but this has had no effect on 1300Smiles.

Over the last four years 1300SMILES have worked away steadily doing exactly what they promised in their prospectus with spectacular results for the 2008-2009 year. Below I have attached a full copy of the results for your reading pleasure. I have also summarized the highlights below.

Highlights

1. Revenue up 47.3%.
2. Profit up 74.4%
3. Final dividend is 6.0c with a total dividend of 11.4c for the full year full franked. Up 34% year on year.
4. Net Tangible asset backing 12.8c up 280%, year on year.
5. Share price up 15% from this time last year and up 10% on result.

This stock has provide a excellent return over the past 12 months and for those who have held since the float you have had 240% capital growth and 37.5c in dividends and 16.07c in franking credits. This is a total return of 310% or 69% per annum.

I fully expect to see the price of 1300SMILES get back to its highs of $3.20.

Download full results here. (note: this file is 1.2meg, so please be patient when downloading)

Please call me on 07 4771 4577 if you would like more information on 1300SMILES.