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I very sorry start to 2023 with big dive in sp.
Hi WW.. actually supping hot vimto as I type !! maybe an advert on TV to all those suffering winter colds hot vimto !! As you say, no news is good news !! Here's to Jan update, and a happy prosperous 2023 to all invested here. PLENTY TO COME IMO...
Hi Fred
Interesting that no smoke emanating re new Chairman so far. Also, no news re acquisitions. Should be accumulating cash at a decent rate, and no news probably bodes well. The product recall must be insignificant in revenue terms otherwise we might have got a formal update / warning, so I would expect that 2022 numbers should be top end of forecasts.
If no suitable acquisitions identified, I wonder if the BoD will recommend special distribution to burn up some of the cash pile.
Either way, every time I look at Vimto / Feel Good on the shelves of my local supermarket they appear to be consistently outselling Robinsons Fruit drinks and Ribena, buy a long way.
See what gives in the January update.
sp quite rangebound...can't help but think a new product wouldn't go amiss.....
good luck to those invested, fingers crossed for 2023
totally agreed grapeboy.
This company has until the pandemic been on a significant growth track and made Eps of about 70p which justified the previous much higher share price history to some extent. I agree they are highly valued but for good reason. Strong unique brands , scope for overseas growth, good historic margins, 50m of cash, large family shareholding etc. frustrating they are stuck in range for some time and the spread is huge too which puts people off buying but they pay a fair dividend and will be around for decades to come I think.
IMV - there's too much of a growth hopes built-in into SP, way too much overpriced (at least 3x fold) vs what profitability they are actually delivering, nice to see revenue recovery but such increases administrative costs are red-flagging.
And the same to yourself WW...
Looks a decent update, all things considered...OOH business picking up, with a way still to go to catch up to levels prev seen. cash flow good, maybe now the country is slowly being unlocked momentum should improve. all good............
Hi Fred, happy new year ??
Trading update tomorrow, let’s see if there are any positive surprises. Should be a decent update given the last update guiding above consensus.
and another 6k..............
news due ??
So Questor of the D T maintains his belief in the company. I trust his judgement but limited support so far.
BERENBERG RAISES NICHOLS PRICE TARGET TO 1,350 (1,200) PENCE - 'HOLD' maybe containers on way !!!
hi Wigan..yep, ok thanks, trust you are similar..
agree, some sort of trading update may well steady the sp..hopefully container shortage will not affect factory output. not tried the vimto cheesecake at Iceland yet though !!
currently all eggs in CHLL..was HNR...awaiting that to take off, maybe when it does I could risk paying higher entry fee here.
Hi Fred, hope all is well with you. I suspect that the market is worried about logistics, and the ability to get the product onto the shelves. However, I haven't noticed any shortage of Vimto products in UK based outlets. There may be some issues with shipping overseas, due to shortage of containers and excessive pricing thereof. I suspect the market has over reacted, but I guess we will need to wait until the trading update to find out for sure. The CEO buying shares a week or two ago is a good sign though.
The shares purchased 3 months ago by our BOD members have now dropped. maybe what they saw as a good short-term future has regressed ?? Been watching this some yrs now, the highs/lows make this somewhat a hard share to jump aboard !!
From an 8pound entry yrs ago to a high of almost 20 pounds, it remains hard to get onboard...shall still keep an eye on !!!!! gl