
NEWSFLOW
Nichols (#NICL) – 2022 adj. EPS +20%, DPS +20%, currently expects 2023 in line with 2022
- 2023-03-01 07:34:48
Have you ever had a can of Vimto? I do now and again and you can find it in most supermarkets here. Anyhow, the company behind the soft drink is Nichols (NICL), which itself was formed back in 1908 in the Scottish town of Shortridge (although now it is based in Newton-le-Willows, Merseyside). Today, sales are around 80% in the UK with the balance in the Middle East and (growing) in Africa. It is interesting to read today that full year 2021 profits are expected to be ahead of current market expectations, which is not too shabby given that, whilst UK sales were up 4.5%, elsewhere in the world growth was up over 36%.
Previously writing on soft drinks company Nichols (NICL), in March I noted there is still obvious business recovery potential, but also current lockdown and future ‘sugar tax’ challenges. What’s the situation with results for the first half of 2021?...
Previously writing on soft drinks company Nichols (NICL), in January I reviewed share price decline towards 1150p despite it arguing Vimto & International business positives – concluding I monitored on the watchlist but to avoid the shares. Today results for the 2020 calendar year emphasising “Resilient financial performance despite challenging trading conditions”, but the shares further lower at 1100p?...
A 2020 calendar year trading update from soft drinks company Nichols (NICL) includes “the Vimto brand achieved strong growth in the UK and the group's International business continued to perform well” and “cash and cash equivalents at the end of the period were £47.3m (31 December 2019: £40.9m)… remains well placed to deliver its long-term strategic ambitions”. Why then are the shares currently 5% lower in response towards 1150p?...