Nichols Share Discussion Threads

[philanderer] 02/2/2023 14:51

Vimto cordial 1 litre (all flavours) offer price £1.50p reduced from £1.80p in Sainsbury's yesterday . Shelves full.

[justiceforthemany] 02/2/2023 12:38

Lowest price in years.

[philanderer] 02/2/2023 11:03

Sale @ 984p

[philanderer] 01/2/2023 00:20

Bang on chart support from march 2020 ...........next support looks to be 860p from december 2014.

[justiceforthemany] 31/1/2023 10:45

AG Barr positive update today profits ahead of forecast

[philanderer] 25/1/2023 13:26

Berenberg cuts Nichols price target to 1,100 (1,325) pence - 'hold'

[essentialinvestor] 23/1/2023 17:27

20 X is arguably fully valued in a post ZIRP environment ?.

[justiceforthemany] 23/1/2023 15:38

Spread has narrowed.
5 year support ~ 1030p?

[justiceforthemany] 20/1/2023 15:59

NICL and BAG have very good balance sheets with net cash. Both are around 20x earnings.
Had a look at BVIC. Lower P/E but was alarmed by their balance sheet with a large amount of debt.

[essentialinvestor] 20/1/2023 15:55

Yes, very disappointing. Perhaps the previous valuation one of the issues?.

It never got to anywhere near bargain territory in the 2020 market plunge.

Plus growth has hit a wall.

[justiceforthemany] 19/1/2023 16:00

At a 5 year low. Matching Covid March 2020 low. Wow.

[disneydonald] 13/1/2023 00:29

I suspect that we might get another restructuring of OoH business, along with write down, when they reveal results of the OoH strategic review. This might explain their reticence in guiding to 2023 consensus, and instead guiding a flat outcome for 2023 with growth returning in 2024.

We will see when results announced.

[essentialinvestor] 12/1/2023 16:03

OK, I see what you are saying now.

In line with consensus estimates is the key point?.

[justiceforthemany] 12/1/2023 14:06

Adjusted PBT 'broadly' in line with FY22

[essentialinvestor] 11/1/2023 22:55

* in line, where do they say broadly?.

There is international potential for Vimto, whether they can capitalise on ..

Previous multiple perhaps also needs to be
viewed in the context of ZIRP?. Very different environment now.

[justiceforthemany] 11/1/2023 22:00

Not a fan of the term 'broadly' in line. Smacks of a profit warning of sorts. Cheapest valuation in years though around 20x with net cash. If this was not family owned it would have been sold already IMO.

[philanderer] 10/1/2023 14:55

Trading update tomorrow ?

[brianblu] 06/1/2023 20:11

Enjoy your winnings pal and your cut from Tina

[linton5] 06/1/2023 15:36

Took some more keep coming down Nichols

[linton5] 06/1/2023 10:45

Dipped my toes in here due a big move here soon solid base being created just a stinking spread though (up or down) results next week

[disneydonald] 29/12/2022 23:41

I guess no news is good news, we will find out early January with the 2022 update. Cash pile should be going well, maybe a special will be paid, or buy back to offset growing cash pile in the absence of any acquisitions.