Nichols has navigated a challenging FY15 to deliver double-digit EPS growth, strong margin progress and a 14% DPS uplift. We expect its diversified model, ongoing NPD and focus on value over volume to help support solid growth in FY16. Acquiring the remaining 51% of Noisy results in 1-2% EPS upgrades. We see ST fair value at 1400p.
02 Mar 2016
Diversified model offers ongoing growth opportunities
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Diversified model offers ongoing growth opportunities
Nichols plc (NICL:LON) | 989 257.1 2.7% | Mkt Cap: 365.6m
- Published:
02 Mar 2016 -
Author:
Sahill Shan -
Pages:
5
Nichols has navigated a challenging FY15 to deliver double-digit EPS growth, strong margin progress and a 14% DPS uplift. We expect its diversified model, ongoing NPD and focus on value over volume to help support solid growth in FY16. Acquiring the remaining 51% of Noisy results in 1-2% EPS upgrades. We see ST fair value at 1400p.