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NICL

Nichols plc

BUY 2026-08-29 Data 14 days old 1120.00p Consumer Defensive - Beverages - Non-AlcoholicAWAIT ENTRY
ACTIONABLEMethodology gates passed
65

Position levels

Currenttoday
1120.00p
Buy <=wait / entry
993.33p
Trim >=take some off
1180.00p
Thesis breakA sustained decline in UK stills drinks volumes such that group revenue contract...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case48%62 / 10029.8
Bear case19%10 / 1001.9
Weighted conviction65 / 100 - BUY

Top risks

  • H1 revenue GBP89.5M with 4.7% increase
  • 35% rise in interim dividend
  • Analyst buy ratings from Deutsche Bank (1150p) and Berenberg (1720p)
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.