Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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lol...that HAS to be on my shopping list !!!!!!!!!!!!!! : )
Hi Fred. Seems to me (anecdotally), that VIMTO products are selling very well compared to their competitors when I visit supermarkets, shops etc. I guess we will need to wait for the next update before the market takes any view, one way or the other. You can't fault them from lacking imagination in product development:
https://themanc.com/trending/theres-a-new-vimto-cheesecake-hitting-the-shelves-at-iceland-next-month/
:-)
If things in Afghanistan level off, who knows, another outlet in the offing. Looks like the sp has found its level for now.
WW.. seems to be pretty stable since interims....bodes well. GL
Hi Fred. See what gets said tomorrow. A fair few buys going through this afternoon. Hmmm, wonder if that’s just speculative buying or someone in the know.
Hi Wigan...trust you are well.
Totally agree with your sentiments..sp held up well. No Booths nr me, Sale nearest, although use the one in Keswick when up there...shall look out for products ! A good Ramadan, followed by hot summer and everyone back out could well turn this around.
Shall keep eye out for updates...Fred
I have noticed "Feel Good" drinks appearing on the shelves of Booths Supermarkets, along with Vimto frozen ice lollies. Also, Booths seem to be selling a fair amount of the "remix" flavours and give a fair amount of shelf space to them. Plus, the Vimto flavoured water seems to be going well in the "meal deal" section.
Also, noted that Octopus has increased their shareholding from ~ 7% to ~ 8%.
All good at the mo. Hopefully Ramadan sales went well, and we should get a decent trading update at the AGM in a couple of weeks. I expect that we should be comfortably back to around £15 - £16 after the half year results.
yes, could be interesting !! Like you say, maybe a divi as a sweetener, as the sp may see folk offloading. We shall see..stay safe.
Still hanging ... Let's see what gets said next week re 2020 results. Interesting to see what they announce re dividend. I suspect they will make up some of the lost dividend from last year, as there is no issue with cash.
Personally, I would like management to review the OoH business. It ties up working capital, and is frequently subject to goodwill write downs. One wonders if this piecemeal acquisition of minor brands and / or distribution infrastructure is paying off. Not clear to me (of course I'm not privy to the Board's strategy), but have they been buying minor brands to acquire distribution infrastructure and build OoH operations. Or are they buying minor brands with a view to growing them, then rationalising the acquired operations infrastructure and taking write downs. Seems that a strategy review might help. Either a restructuring of OoH operations to improve efficiency and return on capital, or offload OoH and focus on developing the base Vimto offering and brand management. Be interesting to see a detailed breakdown of volumes by brand in OoH channel, verses capital tied up.
New target of 15.50 advised..............hang in there !!
HI Fred
Hopefully this year can't be worse than last year. HNY to yourself.
As you say, even with OoH sales pretty much decimated on each lockdown, Vimto still holds up well. Also, NICL cash generation is impressive as you would expect with such a high return on capital. This is definitely a share to hold for the long term. Not sure you will get in at £8 though.
I could be wrong, but I reckon we should build on this price as the company has demonstrated its resilience in difficult times, and hopefully we will emerge from lockdown in the coming months enabling many families to get out and about. There has been a lot of discretionally cash not spent on meals, trips, theme parks etc, last year. The underlying strength of VImto brand, coupled with a a strong recovery in the OoH market should see a good 2021.
Hi Wigan...
Yes...held well considering. I think the trimming of wages etc will show in the next financials...Vimto is a really strong product no matter what is thrown at it !! Still looking for the 8-pound entry, but product holding its own so wait and see STILL !!! Just wish I could fathom the triggers for +/- £2 here ! good luck and HNY
Hi Fred, hope all is well.
Interesting time for NICL. I have increased my holding over the last couple of months as I did anticipate a gradual recovery, however seems there is some consistent selling. I've decided to treat this as a genuine seller who wants to reduce, which is fine and in small low volume companies like NICL the s can have an exaggerated impact. We will see.
I was encouraged by the ability to generate cash during the Q2 lockdown, just shows how strong the Vimto brand is. Q3 shows further cash generation equal to the 28p dividend paid, which is a really resilient performance.
It is interesting to note the family have nominated second family member as a non exec. I guess that's ok as the family own ~35% of the company. Also, interesting to note that same director has pledged a high percentage of his personal share holding to a bank, in return for a loan. Maybe he's buying a splendid new pad. Or maybe he will use that £5 - 6 M he has borrowed to increase his stake in the company.
I look forward to the provisional results early January, and I suspect the market will respond accordingly. We will see.
layoffs never good.
shall await new yr to see if this has bottomed out before hopefully entering here...lots of derisking going on in the background so a little too volatile to jump onboard, hoping it will settle by easter. gla all holders