Updates

Nichols - Trading ahead of expectations

February 2012

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.

Another pleasing update from Nichols with trading ahead of expectations. Sales increased 18% in the year to December with its brands (Vimto, Sunkist, Panda) outperforming the UK market while international again delivered significant year on year growth. Although UK gross margins were under pressure due to raw material cost inflation and exceptional promotional activity, operating margins were maintained thanks to productivity improvements and tight cost control. The imminent launch of a new Weight Watchers branded low calorie soft drink in the UK, plus a new bottling agreement signed with Coca-Cola in North Africa bode well for future growth. Collins Stewart has nudged forecasts up 3% to Â£17.8m (eps: 34.5p) with Â£1 ...

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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.

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