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.. NICL sharply down today owing to sugary drinks levy proposed in UK budget. Per litre level of tax is not announced however estimate is that levy will raise incremental tax revenue of £520 mln. Nielsen estimates the UK soft drinks industry at £7200 mln sales pa .. so that would imply a levy of 6.8%. Think NICL could live with that and think the 10% drop in the stock (on minuscule volume) is an overreaction... GLA ...
Some good valid points there ! As most of my portfolio is tied to oilies its prob around time i diversified a little....although as you say dribbling here could be an idea, its just a matter of keeping an eye on sp more often !! Thanks.
seriously for once, think that the quality dividends-grow-every-year AIM stocks (NICL, JHD, BRK, DWHT/DWHA, TFW, YNGN/YNGA ... except PMP which has been steady) are getting killed now because there are high-wealth retail managers that use them in a highly concentrated fashion in portfolios sold on the basis of inheritance tax avoidance.. these stocks were all bid up to PERs of 20 or so, a premium to the FTSE PE, over the course of 2015 ... these holdings are now being liquidated heavily on behalf of panicky clients ... their PE relatives have dropped a bit, but I still think that there may be further heavy falls until the FTSE stabilises ... all IMO, and I'm not selling as I'm not a market timer and I myself want my kids to get the IHT relief! Good luck, maybe you could dribble money rather than pick a single level ? ....
do i get a second chance at 8.00 ????
once in a blue moon time?
im starting to be gutted !!!!!!!!!!!!!
and still she rises !
shudda jumped aboard around january !! gla
rather good here. nice to see the large holding buy in at current price, positive stuff. gla
http://www.foodmanufacture.co.uk/Supply-Chain/Soft-drinks-deal-boosts-Scottish-operations
solid report. still hope to delve in here...... i see WS are as much use here as HAWK !! gla
Ah well, off with my head ... Will have to wait until tomorrows results announcement to see if we can push on from here. Maybe something else to be announced, as they have booked an analysts call at 0800 hrs. From memory they don't usually go in for that kind of promotion. Also thought results were originally scheduled for 12th March, so have they been brought forward.
Well, I'm going to stick my neck out and say that Friday and Today are just attempts to loosen some stock. Looking at those transactions, there has not been much in the way of selling, and Thursday's rise looked every bit as though someone (or an algorithm) was hoovering up whatever was available. If I am right then I would expect to see another solid rise before the results announced in a couple of weeks. Of course, I could be wrong :-)
...rise yesterday.... and equally inexplicable decline today.... ended the week over 11 quid tho so not complaining !
here to all those who kept the faith..............shame sp didnt quite make my entry level........and i hope it doesnt for all your sakes !! gla
before we buy, then we pay more. Maybe DO(ur)OR a better idea!
Vimto maker is a refreshing investment: Nichols [LON:NICL], the maker of Vimto soft drinks, has a strong balance sheet, an excellent dividend record and more than 100 years of beverage making history. The company delivered an impressive sales update, sending its shares more than 3% higher as it continued to outperform competitors in a tough U.K. sector. Nichols expects group sales for the year to December 31 to be up 3.4% at £113.6 million, well ahead of the wider U.K. soft drinks market, where sales increased by 0.4% during the same period. The group had a particularly strong second half in the Middle East, where Vimto has apparently become popular during Ramadan. Full year sales rose 12.3% in the region. The company generates plenty of cash and the forecast dividend of 21p is covered 1.7 times by earnings and more than twice by free cash flow. The shares have a prospective dividend yield of 2.2%, and the payout is expected to increase 7% this year and next. The company has a solid dividend record stretching back more than 15 years. The company’s finances are looking secure, as it is debt free with about £33 million in cash expected at the year end. The net assets on the balance sheet should be around £60 million at the end of the year, or 161p per share. The shares have been weak during the past 15 months, down from £12.37, as the wider Aim market has been sold off and fears over a price war in the supermarkets have hit the soft drinks sector. Nichols is expected to make pretax profits of £25 million, giving earnings per share of 53.5p, meaning shares are trading on 17 times earnings. This is a quality company and the shares are looking oversold at the moment. Questor says “BUY”.
Seems NICL have manged to continue growth, so earlier hiccup with Gul Brothers will be largely forgotten. I think that it is reasonable to expect them to firm up, and perhaps recover 50% of the lost ground (previous high of ~1200), so perhaps ~1000+. Then it will be down to publication of trading update with annual results, and interims, to confirm whether they are able to continue to grow market share, increasing cash flow and earnings, before they move to test the previous high. Either way, good solid bet.
It's the dividend progression that matters IMO, increases year after year after year in the manner of Spirax-Sarco and James Halstead (which each have several decades under their belts). If that happens then long term total return = today's div yield plus growth rate of eps (and hence of divs)... the "Gordon" model in the text books. GL
I'm not sure we should get too excited about the Div to be honest. Nichols seem to prefer a modest div which is fine by me if they keep on getting the return on equity that they have been doing, coupled with a fat div cover of 3 times, such an excellent business. This is a growth stock not an income stock, if you can get over 2% div yield you've done well. Mind you I bought in at 12 quid and for that I got under 1.5 I think ! Topped up at 920p couple of weeks ago though so averaging about £10.50 now. But very pleased with today's RNS.
trading statement today, will be a nice divvy increase when full results announced, GLA
gotta feeling this isnt gonna reach my entry level....too close to IMS and as you say, will prob rise on reaching H2 chairmans expected figs. HN Yr to all.
Having drifted down, what chance of a recovery once IMS released in Jan. The one off exceptional should not deter investors if 2nd half figures meet Chairman's expectations. The SP was probably overheating a little this time last year, with the key measures looking a little stretched, however if 2nd half figures as forecast then should be set fair for a modest recovery.
Entry level......
:..at 920p and shall jolly well top up again around the 800p mark...