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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Nichols - Forecasts nudged higher

May 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.

  • Epic Code:
  • NICL
  • Price:
  • 494p
Nichols, owner of popular soft drinks brand Vimto as well as Sunkist and Panda, delivered results slightly ahead of expectations with sales up 6% to £84m, pretax profit rising 23% to £15.1m and eps rising 29% to 30.2p. Net cash rose from £11.2m to £15m, while the dividend increased 11% to 13.6p. In the UK sales rose 17% to £69m (against 7% for the market) driven by heavy marketing spend, plus the launch of Cherry Vimto, which delivered incremental sales of £3.7m and new licenced products such as Vimto Fruit Numbers and Ice Lollies. Internationally, sales grew 24% to £15.4m, the hot spots being Africa (up 54%), and Middle East, which increased 13%.Within its smaller soft drinks opera ...

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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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