Nichols Share Discussion Threads

[disneydonald] 20/5/2025 10:22:20

Given the good weather recently, should have provided good support for UK packaged and OoH sales. However, seems share price is drifting down pending next update. See what gives then, maybe a special will be announced as boonkoh reports from Singer

[wad collector] 14/3/2025 20:57:52

I like the move towards localised production in the foreign market , avoiding the freight costs and the carbon cost of moving large volumes of predominantly water round the globe. And reducing tariffs and duties. Providing quality control is good enough , lets hope the Malaysians get addicted to Vimto..

[boonkoh] 11/3/2025 14:27:13

Surprised this hasn't moved up more today, given the two broker upgrades.Upgrades were small but Singer is projecting a 68p special div for this year, which brings total to 100p+...!(I hold in the Boon Fund)

[philanderer] 11/3/2025 10:25:48

Berenberg raises Nichols price target to 1,760 (1,630) pence - 'buy'

[disneydonald] 01/3/2025 10:39:33

Didn't realise that Applied Nutrition are promoting Endurance Vimto, and along with Brand Ambassador Coleen Rooney which should help raise profile of Vimto. Starting to see Endurance Vimto on the shelves more frequently.

Wonder if Applied Nutrition and Nichols will look to further collaborate given their similar ambitions re distribution strategies. Especially as they are based just a few miles from each other, and ex CEO of Nichols now a non Exec of Applied Nutrition.

[disneydonald] 19/2/2025 11:16:06

All quiet here, only a couple of weeks to the finals results. All seems well, maybe another special share holder distribution ?

[davebowler] 15/1/2025 10:52:22

Singer -
Forecasts & valuation To reflect the FY PBT outcome being in line with consensus expectations we nudge up our FY24 adj. PBT by £0.2m (+1%) to £30.1m. By way of reminder our PBT forecast 12m ago was £28.5m, so cumulative upgrades of 6% prior to today. We leave outer year profit forecasts unchanged. Given expectation of high single-digit EPS growth over the medium-term, a progressive DPS and scope for further special distributions and/or M&A, the shares on a cal’25 EV/EBITDA of 12.5x (vs 14.5x 10-year average) are not fully discounting future value creation. We leave our 1440p TP (14.5x cal’25 EV/EBITDA) unchanged.

[justiceforthemany] 08/1/2025 15:37:41

A healthy net cash position, a defensive sector and further special dividends with growth.

[wad collector] 19/12/2024 19:07:42

Each year I keep thinking the US market is overpriced and heading for a fall so I avoid it. And each year I am wrong. And my very UK dominated portfolio slides further.

Still just underwater with these from 2021 but it does look a surprising recent rise in a weak market, there might be further gains ahead, holding and hoping.

[justiceforthemany] 17/12/2024 18:14:53

Be wary with US also though. Out of the S&P 500 there are only about 10 that have done anything. Look at the likes of PayPal, Paramount, Walgreens and even Disney. They've been hammered.

UK stocks trading at 10x P/E
US stocks 25x average. Tech stocks 50-100x earnings. Madness and pure momentum trading.

[philanderer] 17/12/2024 14:20:45

I'm out.

Luck to all holders.

Gradually selling my UK shares. Sick of the market here.

[disneydonald] 06/12/2024 00:01:39

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.

[waketaker] 05/12/2024 15:31:05

I don't see a buy out happening, but I'm hopeful of a return to those levels

[justiceforthemany] 05/12/2024 14:05:47

Holding out for a return to 1600-1700p.
Or a buy out.

[philanderer] 27/11/2024 00:18:28

Top sliced 15% tuesday. Still holding plenty.

[wad collector] 26/11/2024 22:20:04

It finally looks like the BB title is apt again!

[philanderer] 20/11/2024 00:46:29

Telegraph Questor Tip

19th 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

[philanderer] 13/11/2024 00:35:08

Nichols Plc NICL: Peel Hunt raises to buy from add.

[philanderer] 12/11/2024 13:27:36

NICL saving my portfolio from a total beating today.

Highest share price since july 2022.

[philanderer] 12/11/2024 10:33:42

Nichols PLC (NICL:LN) PT Raised to GBP12.30 at Deutsche Bank

November 11, 2024

[disneydonald] 11/11/2024 13:23:32

UBS raised PT to 1230 from 1100, so I guess a positive outcome from the Capital Markets Day.

[boonkoh] 08/11/2024 09:45:20

Exciting that they'll be entering South Africa next year. Huge market.On the other hand, their pace of new geographic market entry is too slow. A more ambitious management would create a separate team, and target 2 a year instead of 1. No obstacles to doing so, especially as they're pursuing a capex light model for new geos already, fully outsourcing everything to partners.(i hold in the Boon Fund)

[philanderer] 08/11/2024 00:17:01

Investor Presentation Video

[justiceforthemany] 06/11/2024 11:31:30

Bullish targets.
Very.