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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Nichols - Net cash to reach £57.8m by 2016

September 2014

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:
  • 1018p
Vimto soft drinks owner Nichols has shown its shares deserve a premium rating with interim results continuing its amazing double-digit growth record. For the six months to June pretax profit and eps rose 11% and 13% to £10m and 21.23p respectively. Its UK sales rose 8% to £43.8m, outperforming market growth of 2.7% and came mainly thanks to the carbonate segment, which grew 11%, while stills rose 3%. Levi Root also grew strongly. Overseas sales were 12% below last year at £12.8m but that reflected stronger sterling versus the US$ and a shift in the timing of Ramadan and its effect on shipments to the Middle East of Vimto concentrate. Interestingly N+1 Singer forecasts net cash to rise to £33.1m this year and £57.8m b ...

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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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