Moat Category Legacy Moat	Fair Value Estimate –	Price  $19.61	Enterprise Value $689m
Moat Type Intangible Assets – Brand	Economic Moat Narrow	Stewardship Rating –	Market Cap $724m

What does it do

Nichols PLC is a UK-based company which is in an international soft drinks business, selling products in both the still and carbonate categories. The company offers Vimto brand in the UK as well as the Middle East and Africa. It also holds other brands such as Feel Good, Panda, Starslush, Levi Roots and Sunkist. It is engaged in the supply of soft drinks to the retail, wholesale, catering, licensed and leisure industries. The company organizes its business into two segments namely still and carbonate. Geographically, its business is divided into four regions such as Middle East, Africa and Rest of the World.

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