image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Nichols - Small upgrade to forecasts

September 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:
  • 530p
Nichols, the owner of Vimto soft drinks, produced sprightly half-year results, which were ahead of expectations and prompted a small upgrade.For the six months to 30 June overall sales rose 14.4% (against a tough comparative of 17.6%), which compares well with the UK soft drinks market, which grew just 6% by value and 1% by volume. Helped by a 0.7% rise in operating margin to 14.3%, pretax profit rose 20% to £7.2m, while a lower tax charge (to 25%) meant eps was up almost 24% to 14.6p. Net cash increased from £11.7m to £14.4m.The growth came thanks to heavy marketing, (c. 15% of sales) while new packaging was also launched in Q1. Market share gains have meant penetration of Vimto has increased from 14.5% two years ago to ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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 £10 (February 2015)
Nichols - Net cash to reach £57.8m by 2016 (September 2014)
Nichols - Net cash rises to £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 - 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X