Register to chat with like-minded investors on our interactive forums.
| 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% | 1,285.00 | 15:10:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,290.00 | 1,275.00 | 1,290.00 | 1,285.00 |
| Industry Sector |
|---|
| BEVERAGES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 11/03/2025 | Final | GBP | 0.171 | 20/03/2025 | 21/03/2025 | 01/05/2025 |
| 24/07/2024 | Interim | GBP | 0.149 | 01/08/2024 | 02/08/2024 | 06/09/2024 |
| 24/07/2024 | Special | GBP | 0.548 | 01/08/2024 | 02/08/2024 | 06/09/2024 |
| 06/03/2024 | Final | GBP | 0.156 | 21/03/2024 | 22/03/2024 | 02/05/2024 |
| 26/07/2023 | Interim | GBP | 0.126 | 03/08/2023 | 04/08/2023 | 08/09/2023 |
| 01/03/2023 | Final | GBP | 0.153 | 23/03/2023 | 24/03/2023 | 04/05/2023 |
| 27/07/2022 | Interim | GBP | 0.124 | 04/08/2022 | 05/08/2022 | 09/09/2022 |
| 02/03/2022 | Final | GBP | 0.133 | 24/03/2022 | 25/03/2022 | 05/05/2022 |
| 21/07/2021 | Interim | GBP | 0.098 | 29/07/2021 | 30/07/2021 | 10/09/2021 |
| 03/03/2021 | Final | GBP | 0.088 | 25/03/2021 | 26/03/2021 | 06/05/2021 |
| Interim | GBP | 0.28 | 30/07/2020 | 31/07/2020 | 04/09/2020 | |
| Interim | GBP | 0.28 | 30/07/2020 | 31/07/2020 | 04/09/2020 |
| Top Posts |
|---|
Posted at 06/12/2024 00:01 by disneydonald Well, it's possible that the family would want to take NICL private, although I'm not sure who in the family would show the leadership or inclination to make that happen. The family speak for around 35% of the share capital, and management wouldn't add much to that. So, they would need launch a SV and drum up £300M plus a premium of perhaps £150M making around £450M from loans to get 100%. Seems a stretch to me. And as been discussed previously, whilst the family still own 35% a takeover would be very difficult unless the "family" wanted out.Either way, back to the immediate future, perhaps we will get another special dividend if no suitable acquisition has been identified. |
Posted at 20/11/2024 00:46 by philanderer Telegraph Questor Tip19th november 'Why shares in Vimto and Slush Puppie maker continue to reward investors after 100 years' A first-ever capital markets day from soft drinks specialist Nichols shows how this well-run business continues to develop, as management implements distinct strategies for all three parts of the company – packaged drinks for the UK market, packaged drinks for overseas markets and the out of home (OOH) segment, which serves the hospitality industry. The roll-out of an SAP-based enterprise resourcing planning software supports a business transformation programme that should deliver ongoing productivity gains, to the benefit of margins, even as the company invests in its brand range, which includes Vimto, Slush Puppie and Levi Roots. Nichols share price performance The plan is to increase share in the UK market, which represents around half of group sales, accelerate growth in the overseas business, which generates a quarter of revenue (primarily from the Middle East and Africa), and work on costs in the OOH operation. The OOH business is already delivering here, as it ceases to supply unprofitable customers, improves procurement and targets cost efficiencies. The key question for investors now is to decide whether Nichols can successfully deploy these strategies and in turn meet its medium-term financial goals. Chief executive Andrew Milne and the board are targeting a 30pc uplift in sales, an extra 250 basis points (2.5 percentage points) in profit margin and a 50pc increase in pre-tax income to £45m. Assuming a 25pc rate of corporation tax and an unchanged share count, this implies an earnings per share figure of more than 90p and thus a forward earnings multiple of barely 14 times. That would look low for a business with an operating margin of 20pc, high returns on capital, a debt-free balance sheet and a record of consistent cash generation. All of those facets underpin dividend payments. The 6.6pc forward yield for this year may be a little deceptive, as it owes much to the autumn’s 54.8p-a-share special payment, although that welcome sum takes the total banked since our initial analysis to 259.4p a share, with the prospect of more to come. Nichols can still reward patient support. Questor says: hold Ticker: NICL:AIM Share price: £12.95 |
Posted at 13/11/2024 00:35 by philanderer Nichols Plc NICL: Peel Hunt raises to buy from add. |
Posted at 12/11/2024 13:27 by philanderer NICL saving my portfolio from a total beating today.Highest share price since july 2022. |
Posted at 06/11/2024 09:11 by davebowler Singer -CMD to detail growth ambitions; FY24 trading in line Nichols is holding a Capital Markets Day today which will update on execution of the Group’s growth strategy. Ahead of this it has shared its medium-term financial ambitions - £225m revenue; 20% PBT margin (+250bps vs FY24e cons); and PBT of £45.0m (+50% vs FY24e cons). We will publish a more detailed note following the CMD, providing insight into opportunities/levers across the business units to drive faster growth, EPS scenario analysis and capital allocation options. The update comments that FY24 trading remains in line with management expectations. Whilst we make no forecast changes, we see the risk on the upside. Overall, we believe Nichols’ asset light, high margin and hugely cash generative model remains under appreciated on a cal’25 EV/EBITDA of 11x - Buy. Event Capital markets day today. The company is hosting a Capital Markets event this afternoon for investors and analysts to provide an update on the Group’s strategy and financial ambitions. We expect the event to focus on 4 key areas: 1. Mid-term financial targets and the capital allocation framework 2. Growth leavers / headroom in UK Packaged and OoH 3. Significant International Packaged opportunities 4. Internal transformation programme to support margin accretion Impact on earnings & valuation Our current year forecasts are prudent. To accompany news of the CMD event the company has reassured on FY24 trading, signalling it remains in line with management expectations with no change to previous guidance. Accordingly, we make no forecast changes but see the risk on the upside. By way of reminder in H1 Nichols delivered 18% growth in adj. PBT to £14.5m. This implies it needs to grow H2 adj. PBT by an undemanding 3% to £15.4m to hit our FY adj. PBT estimate of £29.9m. Valuation does not reflect the pace of travel. The shares had a good bounce around the interims in July, rising by 25% towards 1265p on the back of 4% EPS upgrades and a £20m special dividend. They have since given up some of these gains on wider IHT/Aim related concerns. The shares are currently trading on a FY24 EV/EBITDA of 12x falling to 11x. This is at a discount to the 10-year average of 14x, despite a much-improved growth outlook post the strategic reset and upward margin momentum. Our 12m TP of 1440p is based on an undemanding cal’25 EV/EBITDA of 13x. Given the long runway for growth, a progressive DPS and the real possibility of further ‘special’ |
Posted at 24/10/2024 15:56 by disneydonald Traded out my short term bet, reasonable profit for a few weeks exposure. However, I am now regretting not holding a little longer as NICL trading update now scheduled on Investor Meet for Nov 7th. I suspect they have something positive to update the market on, and hopefully no misstep from Reeves regarding Business Relief should provide a fair wind for some share price recovery. |
Posted at 20/9/2024 21:37 by disneydonald Because NICL are AIM listed, and inherit the benefit of Business Relief, I was wondering whether they were suffering selling pressure from holders who are reducing the risk from potential adverse CGT budget changes.Of course, if the family who hold around 35% of the shares may also be thinking the same, and some family members may be selling. As for M & A activity, with the family holding 35% it is unlikely that NICL can be acquired without family accepting any offer. |
Posted at 17/9/2024 11:46 by disneydonald Well, NICL is a difficult stock to get into, or get out of. Wide spreads, and limited stock available means it can take a while for investors to build a stake, or off load a stake. If someone is reducing a stake this could depress the share price for weeks, or months, especially if no business updates or news expected from NICL.Just have to swallow it with NICL, even though they are very profitable and generate good free cash flow it doesn't mean that the share price will be rerated any time soon. However, all things being equal, IMHO NICL are worth holding / increasing (at around £10 / £11). Management now seem more inclined to return to previous years dividend payout strategy, and not hang on to too much cash pending potential acquisitions. I think that you have to take a long term view of NICL. Currently, the spread is as good as it get's. 1065 / 1075. |
Posted at 30/8/2024 23:23 by philanderer :-)Nichols a sweet addition for Sanford DeLand A newly-built position in Nichols (NICL), maker of Vimto, is already paying off for Sanford DeLand manager Eric Burns. He has recently added to his position in the stock via his £68m CFP SDL Free Spirit fund where it became the top-performing stock in July after adding more than 20%. ‘This was particularly pleasing as we only finished building the position a month ago,’ Burns said. ‘Interim results showed progression in the group’s key profitability metrics and a material 18% hike in the interim dividend payment.’ For Burns, the ‘final sweetener’ was the announcement of a special dividend of 54.8p per share ‘returning around £20m of the £70m cash pile’. ‘It is nice to see the thesis of our investment decision starting to play out,’ he said. The shares traded sideways at £11.49 yesterday and are up 9% over the past year. CITYWIRE |
Posted at 08/7/2024 21:52 by disneydonald Interesting given Labour are making noises regarding changes to the advantages of business relief for AIM listed companies. NICL, was originally listed on the FTSE 100, and many years ago decided to move to AIM, I assume that was to do with family tax planning. Family control around 35% of the shares.Given that the company has indicated that they are reviewing options to release cash to shareholders, and I assume NICL family interest re potential reduction / removal of business relief, maybe the business might be due for significant review. Possible sale of the business ? Not too long and we will hear what is said at interims, and maybe NICL is in play. Of course I might be way of the mark. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
