SID - Nichols is far better than A.G. BARR22 Jul 2019 00:11
According to the Stockopedia Small Cap report that I subscribe too
Below is their report on Nichols on wed 17th July 2019
Nichols (LON:NICL)
Share price: 1700p (+4%)
No. of shares: 37 million
Market cap: £629 million
2019 Interim Result & Board Changes
Running out of time now but I just want to mention this in the context of our analysis of Barr yesterday.
Nichols has seen UK revenue growth of >6% in H1, "against very strong prior year comparatives". It says UK soft drink sales in general are up by 4.1% year-to-date, using Nielsen data.
Outlook
While UK trading conditions are expected to remain challenging, as a result of the Group's diversified business model and sales momentum, the Board is confident that full year earnings will be delivered in line with its expectations.
My view
Firstly, I think this puts the horror show at Barr yesterday in an even worse light, since Nichols is having none of the same problems.
As for Nichols itself, it continues to look a very nice buy-and-hold candidate, as it always does. I am price-sensitive and leave it on my watchlist.
Stocko recognises the quality, calling it a High Flyer.