Nichols Share Discussion Threads

[philanderer] 12/4/2024 00:31

Questor: Vimto’s maker has enough juice in the tank that we aren’t giving up on it yet


Questor share tip: Brisk international sales growth makes this company’s future look surprisingly upbeat

HOLD




or..

[philanderer] 09/4/2024 10:01

As gripfit pointed out yesterday..


'No Added Sugar' Vimto drink recalled as it contains added sugar

[philanderer] 05/4/2024 00:02

Nichols plc unveils series of brand updates across Levi Roots, SLUSH PUPPiE and Vimto

[waketaker] 04/4/2024 16:46

Missed that, been trying to time a bed and isa all week

[philanderer] 04/4/2024 15:06

More like it, 33,000 shares traded.

You can sell @ 978p / buy @ 984p

[philanderer] 04/4/2024 11:45

952p - 1005p

3,000 shares printed

[disneydonald] 02/4/2024 11:29

Without knowing for sure, I'm of the opinion that a persistent seller is the problem here. Just have to wait it out. At least the underlying business seems to be steady / improving. Any update on managements plans to review capital structure, and / or return excess cash to shareholders at the AGM, would probably help sentiment.

[waketaker] 28/3/2024 19:58

Anyone planning on going to the AGM?

[philanderer] 28/3/2024 11:32

You can sell at 955p and buy at 978p

[philanderer] 28/3/2024 10:23

Tight spread, not.

952p - 1005p ....you can deal well inside those numbers though

[disneydonald] 27/3/2024 13:45

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.

[philanderer] 27/3/2024 10:09

Plenty of options awarded to the brains of the outfit.

[philanderer] 26/3/2024 16:27

Ouch , AT sale at 938p

[philanderer] 26/3/2024 15:09

Good points dD.

Teetering on chart support today.

You can buy them sub 1000p

[disneydonald] 21/3/2024 12:10

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.

[philanderer] 20/3/2024 17:17

May have to test 900p looking at the chart.


xd tomorrow morning for the 15.6p dividend

[philanderer] 20/3/2024 00:55

Just chugging along either side of 1000p

[philanderer] 12/3/2024 11:24

HSBC raises Nichols price target to 1,350 (1,300) pence - 'buy'

[justiceforthemany] 07/3/2024 16:13

Ramadan starts Monday, should provide a fillip to sales, usually does.

[philanderer] 07/3/2024 14:06

1020p - 1080p tight spread :-)

[essentialinvestor] 07/3/2024 10:21

17 X forward, less if you net off the cash, looks about fairly valued?.

[philanderer] 07/3/2024 10:08

Normal service resumed. No interest in this one.

[justiceforthemany] 06/3/2024 16:44

£67M CASH!
They should either add a bolt on that is accretive to EPS or give a special dividend.

[slopsjon2] 06/3/2024 15:06

Results today.

Revenue +3.5% to £171m
Adjusted PBT +8.7% to £27m
Actual PBT +75% to £24m
Adjusted PBT margin 15.1% to 15.9%
Actual PBT margin 8.4% to 14.2%
Cash £67m

Gross margin fell from 43.1% to 42.3%, reflecting “a change in sales mix within our operating units and our decision to pass on cost inflation only”.

"2023 was a year of strong progress and execution for Nichols, as the Packaged business delivered another year of growth underpinned by the Vimto brand, and benefits from the newly streamlined OoH business were delivered earlier than anticipated. The Group delivered a very strong performance in international markets driven by strong market penetration across existing and new territories in Africa and the Middle East. Innovation remained a critical growth driver and we have an exciting pipeline of new products planned for 2024."