Updates

Nichols - Yet another profit upgrade

February 2011

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.

Nichols has developed a clockwork regularity for beating expectations. Full year revenues for 2010 are once again said to be ahead of internal plans with operating margins in line. Impressively, this period is against strong comparatives in 2009. Brewin Dolphin estimates overall sales are 16% ahead year on year, roughly half the growth through the launch of Cherry Vimto, implying near double-digit growth for the core business. Brewin has upgraded 2010 pretax profit by Â£1.2m to Â£14.7m (new eps: 28.9p) while current year profit is increased by Â£1.2m to Â£15.4m (eps 30.3p). A front page write-up last May at 360p, the shares have gained 37% but remain inexpensive, especially when stripping out expected year-end cash o ...

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Gulfsands

TMI Trader Portfolio - February '11

Nichols (March 2017)

Nichols (April 2016)

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 - 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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