Nichols Share Discussion Threads

[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."

[justiceforthemany] 05/3/2024 17:21

Stupid spread yet again.

[greenhat2] 01/3/2024 22:34

Tipped by the naked trader yesterday Buyers arriving ahead of results on 7 March

[philanderer] 14/2/2024 10:01

Panmure starts Nichols with 'buy' - price target 1,260 pence

[philanderer] 06/2/2024 17:25

Yep, me too. Got a few at 1015p :-)

[justiceforthemany] 06/2/2024 15:55

Net cash position.
Adding.

[philanderer] 06/2/2024 15:35

Results not until 6th march.

[philanderer] 06/2/2024 15:31

Just about everyone by the look of it.

964p - 998p and the 1 share AT 'buy' @ 998p signal has just appeared.

May as well dump mine before it disappears up it's own @rse. This has been a very disappointing holding.

[justiceforthemany] 05/2/2024 16:48

Who's selling here?!

[philanderer] 02/2/2024 14:47

Must admit, I've started pulling out of the UK.


"Small investors pull money out of UK stock market at record pace"


Small investors are yanking money out of the UK stock market at a record pace, industry figures are poised to reveal.

Trade body the Investment Association is finalising its figures for 2023, which seem sure to be the worst ever for outflows from UK funds.

Around £25 billion has been taken out of the UK stock market in the last two years alone, which partly explains why London shares have much more lowly valuations than rivals in the US and elsewhere.

This comes as the London stock market struggles to attract floats of big companies, which are heading to New York instead.

[philanderer] 02/2/2024 10:18

1025p - 1085p , no wonder there's not much interest in the London market these days.

[philanderer] 23/1/2024 13:28

Even worse today :-)

1025p - 1090p

[philanderer] 22/1/2024 17:04

1035p - 1080p with 13k traded , they are taking the +&%$

[philanderer] 22/1/2024 14:43

This one is turning into a bit of a dog .

[justiceforthemany] 19/1/2024 14:59

Perhaps add a few to your holding Phil? Or was that your 3,000 bought today at 1115p?
Agree spread is crazy.

[philanderer] 19/1/2024 11:10

And again this morning .

[philanderer] 16/1/2024 16:57

Wicked drop today.

That's the trouble with NICL ad many small caps . The spread gets well messed about with.

1075.00 - 1115.00

[cwa1] 16/1/2024 08:08

* Nichols NICL.L : HSBC raises target price to 1300p from 1200p

[justiceforthemany] 10/1/2024 10:58

Added. Good update.

[philanderer] 10/1/2024 10:18

Good enough, happy to hold.

[disneydonald] 08/1/2024 15:26

The key issue for the trading update to see if they update on write downs for OoH business. The Vimto packaged business is pretty bullet proof, and any six year could run it profitably. However, it seems current management have have got a grip of the OoH business after years of laissez faire management, and signalled that more write downs expected second half 2023, but benefits in 2024.

Other interesting issues to consider (although unlikely to be in trading update), are founders grandson resigned (he ran the OoH business), maybe disagreements on restructuring. Also, recovery of bonus's paid to management, as £4m write down taken last year as HMRC case settled in favour of HMRC. Will NICL really recover that amount from past and previous management ?

No trading updates (profit warnings) 2023 second half, so should meet market expectations for "adjusted" profits, which mean there is almost certainly "exceptionals" to be taken, hopefully minor and the last. Next year could be the start of a significant rerating.