Nichols Share Discussion Threads

[davebowler] 04/8/2010 09:25

Brewin;

Interim Results – ADD (Unchanged since 24/03/10) – 12m Price Target: 460p - Current Price: 412.5p – Market Cap: £150.9m

· Strong growth on tough comparatives - Interim profits growth of 39% (£6.0m) comes on the back of 34% growth the year before. Nichols is clearly demonstrating that it can grow the Vimto brand in the UK outside its traditional heartland as well as in International markets

· Vimto UK - Nichols' UK Vimto business grew sales by some 16% in H1 with strong growth seen in Q1 and Q2, despite very strong growth last year. The launch of 'Cherry Vimto' in January has been very successful. Initially it was launched in carbonated form, followed by a dilute version In April. Vimto Cherry now accounts for 9.1% of total Vimto sales.

· International - The earlier timing of Ramadan continues to weight a greater proportion of sales into H1. Sales growth of 38.6% reflects this and a very strong performance from Africa.

· Forecasts - We have upgraded our forecasts by £0.3m this year to £13.5m and by £0.2m next year to £14.2m. We retain our forecast sensitivity of 4 and target price of 460p, valuing this business on an EV/EBITDA multiple of 10.0x 2011 earnings.

[cambium] 23/7/2010 15:13

nice chart

[ygor705] 10/7/2010 18:14

Through the top again.......chart continues to look strong.

[davebowler] 20/5/2010 11:24

Nichols plc
AGM Statement

John Nichols, Non-Executive Chairman of Nichols plc, the soft drinks group, will
make the following statement at the Group's Annual General Meeting to be held
later today:

"2009 was an exceptionally good year for the group and I am delighted to report
that the momentum generated has continued into the first part of 2010. Sales in
the new financial year, despite strong comparatives, are well ahead of last year
and our own internal expectations. In the UK, turnover is significantly up and
we have out-performed the market as a whole - continuing to improve our market
share".

"Vimto Cherry, our new flavour, was launched in a carbonated format in January
and to date sales have also significantly exceeded our initial projections.
Vimto Cherry in dilute to taste format was launched into the trade in April and
has been similarly well received".

"Internationally, Vimto has begun the year strongly and we expect a similar
trading pattern to last year - with our first half year sales benefiting from
the slightly earlier timing of Ramadan in 2010 over 2009".

"Our Dispense Operation, which now includes the recently acquired Ben Shaws
business, has started the year well and, like the other parts of the Group, is
also trading ahead of the Board's expectations".

"With the key summer trading period still ahead, we are extremely pleased with
the Group's performance so far and the Board is confident of delivering another
strong year".

- ENDS -
Notes to Editors:

Nichols plc is a highly focused soft drinks and dispensed cold drinks business,
comprising two operations:

1) Soft Drinks (sales and marketing of the Vimto brand throughout the world,
where it is now available in over 65 countries and of the Panda & Sunkist brands
in the UK)
and
2) Dispense (namely the Cabana, Beacon, Ben Shaws (dispense), Cariel & Dayla
soft drinks on draught 'dispense' businesse

[amedin] 20/5/2010 10:30

lovely jubbly

[strollingmolby] 19/5/2010 09:08

Probably rising on the back of Britvic's results yesterday and French acquisition.

[ygor705] 18/5/2010 23:17

Through the top again and still looking strong!

[davebowler] 27/4/2010 11:53

NICL tipped today in Momentum Investor - some buyers must be prescient!

[topvest] 26/4/2010 18:48

Is this an all time high? Makes you wonder whether anyone is sniffing around this great business.

[ygor705] 26/4/2010 18:21

Inevitable really........chart formation remains very bullish.

[strollingmolby] 26/4/2010 12:03

Lovely breakout here - along with BVIC and BAG.

[ygor705] 11/4/2010 10:52

The chart gives me the feeling that this one is going to test the highs again.

[strollingmolby] 01/4/2010 14:01

New highs being made over at AG Barr (BAG) - are we poised for a jump here too?

[cockneyrebel] 01/4/2010 13:57

too expensive a lifestyle Frauddy, takes a lot to make that lifechanging!

I'll frame that grudging compliment for posterity :-)

CR

[cockneyrebel] 31/3/2010 13:52

Frauddy - you have no shame, need I remind you of Cattles in your recent past?

APG isn't underperforming - those I bought last Jan ar up 200% (yes - there's 2 zeroes there - something you are not that farmiliar with as far as gains go).

NICL nearing the recent highs - just like FOUR and THT - you really have lost it my old son!

No, not up for a chapter in that book, been asked by several sources but I'm into making money, not bigging up my ego.

If I can have a share in the royalties I might reconsider.

Cr

[ydderf] 30/3/2010 11:31

yes, six years ago, they were reasonable value - btw crookers, i notice you are looking back more and more (LGD for exmple), maybe you don't notice the years passing, if so that would explain how you fail to notice underperfomance e.g APG and other bottlers!

btw, are you up for a chapter in that book (you know the one I mean), being put together about traders like yourself?

you would be in good company if so - private message me if you want to reconsider

[cockneyrebel] 30/3/2010 11:12

Of course having started this thread on NICH you wouldn't be a fan at all ay Frauddy Bot? :-)



CR

[ydderf] 29/3/2010 14:29

thickasmince - it is arguably too highly valued, its not a question of whether the business is any good, the question is what is a fair value?

as you correctly point out, the actual pe is 17, the valuation can only be 'right' if eps grow fast over the next year or two, and despite what others here say, NOBODY NOT EVEN THE DIRECTORS KNOW WHAT THE EPS WILL BE NEXT YEAR.

So, how can a pe of 17 be justified?

By believing the unknowable is already fact!

I understand you can get odds of 14/1 for a bet that Labour will win the next election, draw your own conclusions about the ability of man to see what is round the corner.

[ygor705] 28/3/2010 18:47

thickasmince........don't be too concerned about the wilder comments on this thread and don't assume that all who post on here are naive amateurs..........its simply not true. Nichols is in a pretty low risk sector (how much easier can life be than adding syrup to water, squirting CO2 through it and then bottling it). For gods sake even my wife managed to do this for the kids with a Sodastream when they were small. Add to this a very strong balance sheet, good and well covered dividend, an internationally accepted product, takeover potential, plus a good track record then you have to conclude that NICL is an excellent low risk investment in an extremely uncertain economic environment. OK the shares have had a pretty good run of late and are probably fairly valued just now but if you're a medium term investor rather than a trader this is a stock for your portfolio. Good luck with your investments!

[thickasmince] 24/3/2010 20:11

Normalised earnings of 23.4p and that's an eps of 17? Please explain to a naive investor such as myself. Cash up from £6 millin to £11.2 million, not bad for an overrated pile of whatever. I am a holder and pleased to be one. And I didn't require the words of CR to buy it. Just what exactly is the problem with this share for some posters? If you don't like it, why the comments? Is it just an attempt to annoy CR? It's certainly becoming boring when so called investors have nothing to do but be critical of other investors. It's also quite childish.

[ydderf] 24/3/2010 11:39

the rating is very high and the management and neither you or i have a clue as to whats ahead, one this is sure though, though this aint no coca cola, it now has a HIGHER RATING !

get real

ps why is the price falling? Have you been selling?

Crookney, keeping and eye on your activities, i see it as a public service - you have few serious critics here because most are financially illiterate and inexperienced so i am all they have, to provide a mored balanced and objective anaylsis to your one-sided ramping....

[cockneyrebel] 24/3/2010 11:35

Frauddy - the results were right on the revised up broker forecasts. I'm completely happy - I've also had an 8p+ divi.

Cash generation is great and I'm sure we are in for the hot summer we haven't seen in a long time.

Again if you were a member of the wide awake club you'd have been in these a while ago and be holdingh a nice profit now.

Sadly you have just become the third Chuckle Brother .

CR