Updates

Nichols - Net cash rises to Â£34m

April 2014

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.

Vimto soft drinks owner Nichols has continued its enviable track record for double-digit growth with pretax profit before exceptionals rising 10% to Â£22.5m and eps increasing 11% to 45.8p. The exceptional item related to management restructuring (Â£1.7m) and a provision (Â£2m) to cover potential costs of a litigation from a licensee in Pakistan. Net cash rose 39% to Â£34.3m or 93p a share. Growth came largely thanks to a 310 basis point uplift in gross margin reflecting a focus on value over volume in the UK and a more benign cost environment. Within the UK, sales grew 2% to Â£86.8m, largely thanks to the hot summer boosting H2 sales by 5%. The higher margin stills category was the star with Vimto cordial sales increasing ...

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Nichols - Markets becoming challenging (February 2016)

Nichols - Acquires Feel Good brand (September 2015)

Nichols (June 2015)

Nichols - Results beat forecasts (April 2015)

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Nichols (June 2013)

Nichols (April 2013)

Nichols - Gain to date:242% (February 2013)

Nichols - Take a part profit (June 2012)

Nichols - Gain to date: 79% (April 2012)

Nichols - Trading ahead of expectations (February 2012)

Nichols - Small upgrade to forecasts (September 2011)

Nichols - Strong rise in Vimto sales should usher in eps upgrades (June 2011)

Nichols - Forecasts nudged higher (May 2011)

Nichols - Yet another profit upgrade (February 2011)

Nichols - Vimto drives forecast busting results (September 2010)

Nichols Plc - Vimto drives strong performance (July 2010)

Nichols Plc - Sensational growth from Vimto drives up soft drink profits (May 2010)

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.

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