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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Nichols

April 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NICL
  • Price:
  • 875p
Strong results had been well-flagged, with pretax profit increasing 13% to £20.5m and eps rising 14% to 41.4p. The dividend was hiked 13% to 17.3p, while net cash increased from £20.1m to £24.7m. In the UK sales rose 9% to £85m, driven by increased market share for Vimto, together with new product and brand extensions such as Weight Watchers and Levi Roots. In spite of heavy marketing spend and raw material cost inflation operating margins rose 1% to 19%. Internationally, the picture was also positive with export sales rising 8% to £22.7m, in spite of tough comparatives (2011: +31%). Hot spots included Africa (+22%) and mainland Europe (+24%) although Middle East was flat on last year due to late timing of shipments. < ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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