Nichols
Nichols benefits from a strong core brand in Vimto, which is capable of both domestic and international growth. This core should be supplemented by Vimto Out of Home as well as further M&A. We initiate coverage of Nichols - one of the four major UK listed soft drinks manufacturers - with a BUY recommendation and a 1760p price target.Nichols is an international soft drinks business, selling products in both the still and carbonate categories. Co. owns the Vimto brand. Other brands in its portfolio include Feel Good, Starslush, Levi Roots and Sunkist. Co. is primarily engaged in the supply of soft drinks to the retail, wholesale, catering, licensed and leisure industries. Co.'s business segments operate in the Middle East, Africa, the Rest of the World and the U.K.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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