1300SMILES

By Jason Fittler

1300SMILES held its Annual General meeting this week to announce their results for the 2015 year.

This year’s result was again a testament to the hard working team at 1300SMILES, with revenue up 23%, Net Profit after tax up 32%, Earnings per Share up 32% and Dividends per Share up 32% to $0.192 per annum.

The good news story is larger than these figures; the company has also recovered from the changes the government made to critical dental care that affected the 2014 year putting the company back on track for its growth strategy.

This has come about due to their product offerings including the DMA Dental Vouchers that allows patients to undertake more extensive essential treatment programs by spreading the cost over many months.

They also offer the $1 per day dental care plan that continues to receive support. The ongoing acquisition of new practices will increase the bottom line from day one.

The 1300SMILES profile is rising thanks to: 

  • The mission to deliver affordable dental care to all.
  • Providing dental care to the people of Papua New Guinea through YWAM. 
  • Being naming rights sponsor to the Cowboy’s stadium and their Grand Final win.

The market has rewarded 1300SMILES with share price growth of 26% over the past year.

With Glen Richards as a new director at 1300SMILES, you can be assured growth is the focus. As a result, I expect to see 1300SMILES share price increase.

Our price target of $7.95 gives an upside of 4.6% from current prices plus a gross dividend of 3.5%.

1300SMILES suits long-term investors looking for income and growth.