By Jason Fittler

If you live in Townsville and follow football I am sure that you by now have heard of 1300SMILES. They are the new naming right sponsors for the now “1300SMILES Stadium” for the next 5 years.

It is great to see a local company back our local Cowboys, hopefully the fans will pay back 1300SMILES in kind.

1300SMILES reported their half-year results last week, as now expected, everything was up.

Revenue was up 21%, net profit is up 16% and the dividend declared at $0.10 per share, up from the previous $0.092 per share last half year.

Earnings per share, is also up 16.1% to $0.167 per share.

The share price however fell during this half year, perhaps due to the government cancelling the critical dental care as at the 31/12/2012 and any impact it will have on the company.

Since January 2013 the share price has gained around $0.80 or 15%, it is currently trading at $5.90. Keeping in mind that this company floated at $0.80 in March 2005 and to date has provided a return of 94% per annum and has paid dividend of $0.945 over this time. Meaning that investors who got in on the float have already received back their initial outlay in dividends.

Although I expect that the next 6-months will be a challenge given that the government critical dental care is finished, 1300SMILES one dollar a day dental plan and ongoing growth will continue to move this company forward.