Nichols Share Discussion Threads

[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.

[philanderer] 03/1/2024 23:56

Trading update next wednesday , 10th january.

[wad collector] 22/12/2023 15:10

Well that is strong rise , not been this level since last summer. Surprising.

[wad collector] 19/12/2023 21:12

Must be the warm weather...

[philanderer] 19/12/2023 16:06

Chart looking interesting :-O

Let's see if it lasts.

[philanderer] 13/12/2023 15:49

£1.25p for a 1 litre bottle of vimto cordial in Sainsbury's this morning (using nectar card)

[cwa1] 10/12/2023 08:01

Morning All

Nichols are the featured tip in the high profile The Tipster column in The Sunday Times this morning. The columnist suggests they are a "BUY"

[justiceforthemany] 07/12/2023 11:00

disneydonald do you have any link with the company? Know the board?
Need to get things moving up here.

[disneydonald] 23/11/2023 12:35

Interesting news re share holder sticking his head over the parapets with a 3.09% stake. Initial skunk works only reveals that his (and his wife) seem to be Hoteliers, and own (or at least control) the Y Talbot in Tregaron; very nice hotel.

I wonder if their shareholding came from James Nichol (Grandson of founder), who recently resigned from the business to pursue other interests. Maybe he also wanted to sell up. Getting ~3% of Nichols shares is not easy in the Market, so likely to have been via a corporate or family member.

Also noted that he resigned his Directorships from various Nichols subsidiaries aligned with the OoH business (the business unit that is currently being restructured), not before time in my opinion. A new Director of these business units took over, and she is Sarah Louise Caddy. Although she has not been named as his replacement as one of the family Non Execs.

Either way seems something interesting is afoot.

[philanderer] 13/10/2023 14:29

Still sitting on my hands with this one :-)

[philanderer] 06/10/2023 14:05

Afternoon EI.

Yes AIM looking not good at all. 900p about to go here.

[essentialinvestor] 06/10/2023 13:51

Market starting to remove the premium rating ..?

Same is happening apin so many stocks ATM.

[philanderer] 05/10/2023 15:58

dD , well thought out. You may well have something there. Tempted to add a few more when it settles down.

[disneydonald] 05/10/2023 15:13

I'm guessing that because Rathbones (not the bread people :)) and Investec have merged their asset management / Wealth Management businesses, and they released RNS declaring that Rathbones now holds ~ 6.4% in NICL. Since the RNS (25th September), there has been an increase in trading volumes and I am guessing that Rathbones are reducing their stake to below 5%, which would mean a sale of ~ 500,000 shares. Maybe that is causing a little indigestion.

Either way, at 936 (with very narrow spread) I decided to add some more, even though I am slightly wary about the potential for share price appreciation pending next set of results.

I assume that NICL CFO (Interim) will know if the above is the case, via NICL Brokers who would be able to determine if any selling pressure. I suppose that NICL could buy a few back for cancellation at these prices, or even tempt the Exec's to buy a few ?

[philanderer] 04/10/2023 18:51

There's your big seller today..

33,402 @ 897p

.....plus many 1,000 and 2,000 AT 'sells' , probably the same seller.

[justiceforthemany] 04/10/2023 17:04

Yet another FTSE stock at decade+ lows.
Even this boring 'defensive' stock. Worse than Covid??
What on earth is the market expecting?

[philanderer] 04/10/2023 14:29

Shareprice today back to where it was in december 2014.

[cfro] 18/9/2023 10:00

We know that both Coke and Pepsi dominate the carbonated drinks market but ive often wondered if Vimto could not be a serious contender and competitor to the giants given the right leadership and a good growth strategy.

Coke for instance has a market cap of some $250bn vrs NICL at under £400m..

There is quite a discrepancy there. Vimto is a great tasting drink i dont understand why it isnt more popular in the US for instance. Perhaps its just down to marketing? I dont know but management should seriously up their game here and work on trying to close that gap in the years ahead. Im sure they could do it.

[philanderer] 15/9/2023 10:06

Peel Hunt starts Nichols with 'hold' - price target 1,150 pence

[disneydonald] 12/9/2023 12:00

Hmmm, I wonder if NICL has bottomed out, and we are now seeing the start of a reasonable recovery.