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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ultimate Products Plc | ULTP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.60 | -0.82% | 72.40 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 75.40 | 73.00 | 75.40 | 72.40 | 73.00 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 25/03/2025 | Interim | GBP | 0.0155 | 29/05/2025 | 30/05/2025 | 27/06/2025 |
| 29/10/2024 | Final | GBP | 0.0393 | 02/01/2025 | 03/01/2025 | 31/01/2025 |
| 29/10/2024 | Special | GBP | 0.01 | 02/01/2025 | 03/01/2025 | 31/01/2025 |
| 09/04/2024 | Interim | GBP | 0.0245 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 31/10/2023 | Final | GBP | 0.0495 | 28/12/2023 | 29/12/2023 | 26/01/2024 |
| 31/10/2023 | Final | GBP | 0.0495 | 28/12/2023 | 29/12/2023 | 26/01/2024 |
| Top Posts |
|---|
Posted at 17/5/2025 11:37 by pireric It's probably gone a bit under the radar that the Red Sea environment seems to be on a gradually improving trend as a result of Trump's comments around Iran and the prospects of an upcoming deal. Trump has been saying that he's thinking the shipping crisis is coming to an endNow the Suez Canal is trying to build on the recent traffic growth off trough levels with discounts to encourage ships back in See -> www.lloydslist.com/L ULTP shareholders will remember that the company commented at the half year that "Goods in Transit is inventory on the sea between China and the UK. The closure of the Red Sea is adding around 15–20 days to the total shipping time. The balance will remain high until the red sea reopens." If this does get resolved, which its increasingly looking like it may do, it should unlock about £5m in working capital that is currently tied up as excess goods in transit As a reminder, the consensus expectation for the year ending in July is about 9.2p of EPS, with a recovery back to 12.0p for the year ending in July 2026. EPS was 12.3p in FY24 and 15.4p in FY23. Once there is line on sight that this business is back to flat growth and moving back to actual growth (led by European expansion) then I think we'll see this move back towards 9-10x P/E again (given this is closer to trough than peak earnings power), which if off a 10.5-12p EPS level for FY26 would be 95 - 120p (35 - 70% upside). I definitely think we're past the worst sentiment point on this one, and so as the second derivative turns, these levels will be seen as some form of cycle low Eric |
Posted at 20/4/2025 13:57 by netcurtains Post dividend is it possible this will fall right back to 30p?It looks cheap but I have a history of buying cheap shares too early. Is this too early to buy? |
Posted at 25/3/2025 22:29 by zoolook Good sleuthing! Looking at their posts you are probably right.Also I seem to recall Equity Development provide typically paid-for research for smaller listed companies so not entirely neutral. And yes 18 does seem high and so the constituents of the peer group they are measuring Ultimate against probably deserve a bit more scrutiny. Nonetheless ULTP does seem well oversold assuming that the issues described in the RNS are, as they appear to be, one-offs and transitory. |
Posted at 24/3/2025 09:57 by dr biotech Results tomorrow. Current chart hardly screams confidence, but you’d hope anything other than a worsening outlook will get a positive reaction. Dividend likely to be cut, but could still give a decent yield. |
Posted at 03/2/2025 21:05 by dr biotech Canaccord Genuity said Ultimate Products' H125 trading update showed that whilst it has continued to see "good growth in Europe", the performance in the UK has remained "challenging" due to weaker consumer demand for general merchandise.The Canadian bank also noted that a softer-than-hoped peak trading performance by some of Ultimate Products' customers had also impacted short-term sentiment resulting in a moderation in the pace of forward orders. As a result, Ultimate Products now expects FY25 revenues to be broadly flat year-on-year, with FY25 adjusted underlying earnings expected to be in the range of £14.0m-16m.0, short of consensus estimates of £20.6m, due to the one-off H125 effect of £2.0m additional freight costs. "The challenging UK consumer backdrop has been well-documented, as evidenced by a number of the retail sector trading updates over recent weeks and the sharp fall in consumer confidence; however, we continue to believe that ULTP is well-positioned to benefit from an improved consumer environment in the UK as and when underlying macro conditions improve," said Canaccord, which has a 'buy' rating on the stock. |
Posted at 03/2/2025 07:32 by edmonda "European growth offset by UK sluggishness" - new research note and audio summary here: UP released a trading statement today, ahead of schedule. FY2025 H1 half sales decreased by 6% to £79.4m as lower UK sales offset a useful 12% advance in International (mainly European) business. The profit margin impact of these weaker than expected sales and high shipping costs prompt us to cut our full year FY2025 EBITDA forecasts from £21m to £15m. However, UP’s order book position is stronger, which augurs positively going into the second half of the financial year despite some end-period moderation. While a disappointing reduction, investors can take some comfort from increased orders and robust European momentum. We reduce our fair value for the shares from 200p to 165p. That level is still well above the current share price. Central to our assessment of fair value is an implied EV/sales ratio of 1.1x at that share price. UP’s dividend yield should remain superior to its peer group even with a likely FY2025 cut. |
Posted at 03/2/2025 07:23 by aishah H1 performance impacted by challenging market conditions, albeit trading improved in Q2 - with cautiously encouraging momentum going into H2 |
Posted at 30/1/2025 19:11 by mpage Ignore PEG as a measure - ULTP is not a growth stock. More's the pity.Dividend: Don't take too much comfort from that 7% yield. Remember ULTP is now promising only a roughly 50% pay out ratio (and maybe some buybacks).They added +1p to the final pay out in an attempt to say that they thought the weaker trading would be short-lived. Maybe that will prove correct. To me it looks like they were simply buying time. BS is a bit more geared than in the past. I suspect the market consensus estimate quoted in the AR (adjusted EPS 15P) is far too optimistic. Trading update due mid-Feb. The Salter Air Fryer I bought for Christmas is still in its box! |
Posted at 12/11/2024 15:05 by epo001 Can Trump really be an issue here? There isn't much (any?) US trade for ULTP and US tariffs could result in price decreases across the rest of the world just to keep stuff moving. The yield is good and if they hold the divi then this has to be a buying opportunity. |
Posted at 13/6/2024 08:55 by edmonda Beldray re-brand – Ultimate Products has “got this!”New research note: Ultimate Products hosted a Capital Markets presentation at the Exclusively Housewares Exhibition in London on Tuesday this week, where the company showcased its re-brand for Beldray®, having engaged in a similar process for Salter at the same event in 2023. Regarding trading, despite some sales and profit disruption so far in FY2024, we continue to expect above trend organic growth in FY2025. We retain our 200p fair value for the shares. UP’s Brand Director Tracy Carroll presented key features of the Beldray (est 1872) re-brand. The overarching message was one of “collaboration As a company which owns increasingly powerful consumer brands, UP’s valuation relative to peers continues to look attractive. The company’s yield is above its peers and the prospect of ongoing share buybacks should also be supportive, in our view. We retain our view that fair value for the shares is 200p and base this on 1.2x EV/sales,10.2 EV/EBITDA and a 16.4x P/E. Moreover, the dividend yield at 3.1% would be superior to peers even with a 200p share price. |
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