Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

968.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,200.00
  • 52 Week Low: 882.00
  • Currency: UK Pounds
  • Shares Issued: 36.97m
  • Volume: 34,272
  • Market Cap: £357.86m
  • RiskGrade: 263

Nichols cancels dividend, expects 'significant' impact from Covid-19

By Michele Maatouk

Date: Tuesday 31 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Soft drinks maker Nichols cancelled its final dividend on Tuesday as it said the coronavirus is expected to have a "significant" impact on its 2020 performance.

The company said trading in the first two months of the financial year was in line with management's expectations. "However, as a result of the Covid-19 pandemic and the restriction of movement of people worldwide, the board now expects a significant impact on the group's financial performance in 2020."

As a result, the Vimto maker said it is unable to provide financial guidance for the year ended 31 December 2020 and it is cancelling the 28p a share final dividend that was announced in February.

This decision will conserve £10.4m of cash over the seasonally critical spring and summer period, it said, adding that the board will consider the cash position once through "this critical trading period".

Nichols said it is taking steps to remove cost, including the re-evaluation of its marketing spend given the changed circumstances, postponing non-essential recruitment and suspending non-critical capital expenditure from the business.

Non-executive chairman John Nichols said: "With a heritage of 112 years, Nichols has successfully weathered significant challenges and changes across global markets before.

"Driven by the strength of the group's brands, robust balance sheet and diversified business model, the board remains absolutely confident in Nichols' ability to both manage the near term pressures impacting the global economy and emerge from this unprecedented period well-placed to continue to deliver the group's long-term growth plans."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Nichols Market Data

Currency UK Pounds
Share Price 968.00p
Change Today 2.00p
% Change 0.21 %
52 Week High 1,200.00
52 Week Low 882.00
Volume 34,272
Shares Issued 36.97m
Market Cap £357.86m
RiskGrade 263

Nichols Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.52% below the market average93.52% below the market average93.52% below the market average93.52% below the market average93.52% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
28.57% below the market average28.57% below the market average28.57% below the market average28.57% below the market average28.57% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
18.54% below the market average18.54% below the market average18.54% below the market average18.54% below the market average18.54% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Nichols Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 03-Aug-23
Paid 02-May-24 08-Sep-23
Amount 15.60p 12.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:44 9,822 @ 966.73p
16:35 2,649 @ 968.00p
16:35 456 @ 968.00p
16:35 24 @ 968.00p
16:35 103 @ 968.00p

Nichols Key Personnel

CEO Andrew Milne

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