Updates

Nichols

April 2016

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.

Soft drinks firm Nichols produced reassuring final results with pretax profit rising 9% to £28m and eps almost 10% to 60.3p on unchanged sales of £109m. There was a 2% rise in operating margin to 25.4% - the highest in the soft drink sector. Net cash was unchanged at £35.4m due to acquisition of Noisy Drinks Co. and the Feel Good brand.In the UK sales were down 0.3% to £84.8m, but beat the market (which declined 0.6%), the highlight being gains in market share (in prominent front of store chiller space) for Vimto’s Still range. This followed its “Vimtoad” TV, radio, outdoor and digital advertising campaign in spring / summer targeting both national and the Midlands. This year will see a new ...

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Bovis - Price target 1322p

Aldermore - Shares dirt cheap on prospective PE of 7.7

Nichols (March 2017)

Nichols - Markets becoming challenging (February 2016)

Nichols - Acquires Feel Good brand (September 2015)

Nichols (June 2015)

Nichols - Results beat forecasts (April 2015)

Nichols - Shares back over Â£10 (February 2015)

Nichols - Net cash to reach £57.8m by 2016 (September 2014)

Nichols - Net cash rises to Â£34m (April 2014)

Nichols - Gain since original tip: 204% (September 2013)

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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