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NICL Nichols Plc

970.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Nichols Plc NICL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 970.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
970.00
more quote information »
Industry Sector
BEVERAGES

Nichols NICL Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
06/03/2024FinalGBP0.15621/03/202422/03/202402/05/2024
26/07/2023InterimGBP0.12603/08/202304/08/202308/09/2023
01/03/2023FinalGBP0.15323/03/202324/03/202304/05/2023
27/07/2022InterimGBP0.12404/08/202205/08/202209/09/2022
02/03/2022FinalGBP0.13324/03/202225/03/202205/05/2022
21/07/2021InterimGBP0.09829/07/202130/07/202110/09/2021
03/03/2021FinalGBP0.08825/03/202126/03/202106/05/2021
InterimGBP0.2830/07/202031/07/202004/09/2020
InterimGBP0.2830/07/202031/07/202004/09/2020
27/02/2019InterimGBP0.12425/07/201926/07/201930/08/2019

Top Dividend Posts

Top Posts
Posted at 27/3/2024 13:45 by disneydonald
Hmmm, seems a little like money for nothing to me. Awarded at nil cost, two years to vest and no conditions attached apart from still be employed by NICL. In round numbers, CEO to pick up ~ £500K in two years, and the rest ~ £50K. Nice work if you can get it.

I assume that these shares will come from Treasury, the ones they bought back last year, otherwise that's a further dilution for the rest of us. Either way just added a few more to my current SB trade.

Might have to wait until half year to see what management are proposing re possible new capital structure and / or distribution of excess cash to shareholders. Would help the shares if they hurried up a little, and announced what the plan is soonish. Especially if share buy back and cancellation, from whoever has been wanting to sell recently.
Posted at 21/3/2024 12:10 by disneydonald
I suspect that there is an "overhang" in the NICL market. Business updates good, demonstrable progress, strong cash flow, new CFO and intention to review capital structure and return of excess cash to shareholders; yet the share price is lacklustre / weak.

Two things strike me :

1) Previous merger of two fund management co's, which led to a 5%+ holding in NICL, maybe a natural reduction to balance their new combined overall portfolio has been / is underway.

2) A Nichol family member left the business last autumn, remember he ran the OoH business. As a family member he held a significant number of shares. Maybe he is reducing his holding now he has left the business.

Now, this is just speculation on my part, as I have no direct knowledge, but it does feel like there has been a persistent selling pressure over many months.
Posted at 20/3/2024 17:17 by philanderer
May have to test 900p looking at the chart.


xd tomorrow morning for the 15.6p dividend
Posted at 06/3/2024 16:44 by justiceforthemany
£67M CASH!
They should either add a bolt on that is accretive to EPS or give a special dividend.
Posted at 16/1/2024 16:57 by philanderer
Wicked drop today.

That's the trouble with NICL ad many small caps . The spread gets well messed about with.

1075.00 - 1115.00
Posted at 08/1/2024 15:26 by disneydonald
The key issue for the trading update to see if they update on write downs for OoH business. The Vimto packaged business is pretty bullet proof, and any six year could run it profitably. However, it seems current management have have got a grip of the OoH business after years of laissez faire management, and signalled that more write downs expected second half 2023, but benefits in 2024.

Other interesting issues to consider (although unlikely to be in trading update), are founders grandson resigned (he ran the OoH business), maybe disagreements on restructuring. Also, recovery of bonus's paid to management, as £4m write down taken last year as HMRC case settled in favour of HMRC. Will NICL really recover that amount from past and previous management ?

No trading updates (profit warnings) 2023 second half, so should meet market expectations for "adjusted" profits, which mean there is almost certainly "exceptionals" to be taken, hopefully minor and the last. Next year could be the start of a significant rerating.
Posted at 05/10/2023 15:13 by disneydonald
I'm guessing that because Rathbones (not the bread people :)) and Investec have merged their asset management / Wealth Management businesses, and they released RNS declaring that Rathbones now holds ~ 6.4% in NICL. Since the RNS (25th September), there has been an increase in trading volumes and I am guessing that Rathbones are reducing their stake to below 5%, which would mean a sale of ~ 500,000 shares. Maybe that is causing a little indigestion.

Either way, at 936 (with very narrow spread) I decided to add some more, even though I am slightly wary about the potential for share price appreciation pending next set of results.

I assume that NICL CFO (Interim) will know if the above is the case, via NICL Brokers who would be able to determine if any selling pressure. I suppose that NICL could buy a few back for cancellation at these prices, or even tempt the Exec's to buy a few ?
Posted at 18/9/2023 10:00 by cfro
We know that both Coke and Pepsi dominate the carbonated drinks market but ive often wondered if Vimto could not be a serious contender and competitor to the giants given the right leadership and a good growth strategy.

Coke for instance has a market cap of some $250bn vrs NICL at under £400m..

There is quite a discrepancy there. Vimto is a great tasting drink i dont understand why it isnt more popular in the US for instance. Perhaps its just down to marketing? I dont know but management should seriously up their game here and work on trying to close that gap in the years ahead. Im sure they could do it.
Posted at 12/9/2023 12:00 by disneydonald
Hmmm, I wonder if NICL has bottomed out, and we are now seeing the start of a reasonable recovery.
Posted at 26/7/2023 10:06 by disneydonald
Well, we now we know the King had no clothes ... Now results segmented on business unit rather than product type we can see that the OoH business is barely profitable, and this is after the big write down last year. So, hopefully we can now move forward and focus on the packaged business (Both UK and International) driving forward with good gains not being diluted by OoH (see what I did there ).

Hard to see any stellar gains in the share price at the mo, with relatively flat earnings, dividend growth steady but nothing special forecast. They could always pay a special dividend from the cash pile if no "acquisitions" in the pipeline, although I worry about acquisitions given the past record and subsequent write downs in the OoH business.

Would be interested to know what the strategic position is re OoH; just don't lose money, clean it up and offload (if that's possible given the need to control and manage the Vimto brand), wind it down to minimum footprint offloading all non "Vimto" products, focus on expanding the royalty side of the OoH business as that would be asset light.

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