12 Jun 2017

Shares should feel good too

Nichols plc (NICL:LON) | 1,175 -293.8 (-2.1%) | Mkt Cap: 429.7m

- Chris Wickham
- 5 pages

Nichols (NICL LN, BUY, T/P 2300p) is due to release interim 2017 results on 20th July. Yet while too early to benefit from any unusually dry summer weather, which may be in prospect, the results will include the impact of the company’s Middle East performance during Ramadan, which this year ran from 26th May to 24th June. We estimate that around one third of the company’s profits are generated in the Middle East.

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Shares should feel good too

Nichols plc (NICL:LON) | 1,175 -293.8 (-2.1%) | Mkt Cap: 429.7m

Published: 12 Jun 2017
Author: Chris Wickham
Pages: 5

Nichols (NICL LN, BUY, T/P 2300p) is due to release interim 2017 results on 20th July. Yet while too early to benefit from any unusually dry summer weather, which may be in prospect, the results will include the impact of the company’s Middle East performance during Ramadan, which this year ran from 26th May to 24th June. We estimate that around one third of the company’s profits are generated in the Middle East.