1300SMILES is truly a home grown success story.
They have proved over the past 5 years that hard work and sensible approach to business will yield fanatics results.
For those who do not know the company 1300SMILES Limited (ONT, formerly be known as Townsville Family Dental Pty Ltd) provides dental surgeries, practice management and other administrative services to self employed dentists.
It also provides general dentistry services to patients. The services provided by the company allow dentists to focus on the delivery of dental services rather than on the administrative aspects of carrying on their businesses.
In 2009 1300SMILES produce a stellar result, our concern at the time is how will they improve on it. Last week they released their half yearly results up to December 2009 and again exceeded market expectations.
They announced a 15.5 percent increase in net profit before tax to $3.1 million and an 8.6% increase in net profit after tax of $2.3 million, this resulted from a 5 percent increase in revenue. They also announced a 20 percent increase in their dividend to 6.5 cents per share.
This stock is currently trading at $2.85 which is a 5% increase since the results were announced. They are paying a 4.5% fully franked dividend giving the stock a gross yield of 6.4%.
The only question is how long will you wait until you add this stock to your portfolio?
For more information on 1300SMILES please call us on 07 4771 4577.