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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ultimate Products Plc | LSE:ULTP | London | Ordinary Share | GB00BYX7MG58 | ORDS 0.25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 5.50 | 3.19% | 178.00 | 33,576 | 16:35:08 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 170.50 | 178.00 | 174.50 | 170.50 | 170.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Household Appliance Stores | 166.32M | 12.59M | 0.1409 | 12.38 | 155.85M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:08 | UT | 17 | 178.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/4/2024 | 07:00 | UK RNS | Ultimate Products PLC EBT Share Purchase |
| 22/4/2024 | 07:00 | UK RNS | Ultimate Products PLC EBT Share Purchase |
| 10/4/2024 | 07:00 | UK RNS | Ultimate Products PLC SAYE Options, PDMR Dealings and EBT Shareholding |
| 09/4/2024 | 10:35 | ALNC |  Ultimate Products mulls share buyback as eyes continued profit growth |
| 09/4/2024 | 07:10 | UK RNS | Ultimate Products PLC General Meeting and Proposed Share Buyback |
| 09/4/2024 | 07:00 | UK RNS | Ultimate Products PLC Interim Results |
| 25/3/2024 | 07:00 | UK RNS | Ultimate Products PLC EBT Share Purchase |
| 21/3/2024 | 07:00 | UK RNS | Ultimate Products PLC Investor Presentation via Equity Development |
| 22/2/2024 | 08:37 | UK RNS | Ultimate Products PLC PDMR Dealing |
| 19/2/2024 | 08:56 | UK RNS | Ultimate Products PLC SAYE Options, PDMR Dealings and EBT Shareholding |
Ultimate Products (ULTP) Share Charts1 Year Ultimate Products Chart |
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1 Month Ultimate Products Chart |
Intraday Ultimate Products Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2024 | 11:15 | Ultimate Products | 24 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 27/4/2024 09:20 by Ultimate Products Daily Update Ultimate Products Plc is listed in the Household Appliance Stores sector of the London Stock Exchange with ticker ULTP. The last closing price for Ultimate Products was 172.50p.Ultimate Products currently has 89,312,457 shares in issue. The market capitalisation of Ultimate Products is £155,850,237. Ultimate Products has a price to earnings ratio (PE ratio) of 12.38. This morning ULTP shares opened at 170.50p |
Posted at 10/4/2024 12:11 by mpage On buybacks. There are, of course, other reasons, the main one being to mop up the otherwise diluting effect of issuing new shares as part of the rejigged management incentive plan (p.53 of 2023 Annual Report).IF the total number of shares (following incentive payouts) can be reduced then less cash £££s are required to boost the dividend per share. In the past year Aviva has made a virtue out of this by promising to grow by mid single digits, the cash amount allocated to divs rather than the (weaker) promise to grow the dividend by mid-single digits. Aviva has become a much more focused business under Amanda Blanc. IF any of the posters in this thread work in Corporate Governance then it would be interesting to hear their views on the re-jigged Incentive Plan at ULTP. Anyone wants to see the personal targets set for FY2023 for the crucial three (Showman, Gossage & Dent) can read them on p.65 of the 2023 Annual Report. |
Posted at 09/4/2024 16:55 by mpage Re: concentrated ownership by the crucial three. Apologies, I should have cited my source - a RNS issued shortly after the HI results this morning. You can read it here:hxxxs://www.investeg I only mentioned the outside possibility of being mugged by insiders because this is precisely what happened a year ago with Kape Technologies. Founder/Owner made offer at small premium - bought out all who sold into spike. Rinse and repeat. Think it was something you could get away with if co. registered in the IOM. Frankly, I think the owners/founder just want to buy back some shares and this is a hoop to be jumped through. It also helps get the debt : equity level closer to newly desire levels and slightly reduces the cost of capital (because there will be a greater proportion of debt relative to equity, upon completion). But that is secondary to getting money out. As long as they stick to a payout ratio of around 50% net profits I'm happy enough to hold. But if it should later turn out that they gear up the balance sheet and then find a reason to pay a large special dividend this would be a red flag for me. I'm old enough to remember what happened to New Star Asset Management when it did this. |
Posted at 09/4/2024 15:18 by dr biotech Three key people own 41.23% of the ordinary shares. After the buyback they will own 48.44%.I'm not sure how you calculated that - assuming they buy and cancel 10% of the shares that would be 45.8% - but its a fair point. Even now they could probably do what they want. This does seem overlooked. Price as been 145-154 for pretty much 6 months - just have to be patient and take the dividend. |
Posted at 09/4/2024 07:12 by edmonda "Balancing sales growth with cash flow generation" (Interim Results)Stable profits (EBITDA) and a marked reduction in bank debt were key features of Ultimate Products’ (‘UP’) interim results, released today. The company also announced its intention to buy back up to 10% of its shares. FY2024 full year results are expected to match current market expectations. With revenue expansion likely to resume in H2 2024, and continue into FY2025, we argue that UP is more than capable of generating sales growth and free cash flow simultaneously. Underlying 6% sales growth, a robust portfolio of six Premier Brands, the ability consistently to convert profits into cash and the prospect of a buyback programme support our view that UP’s shares merit a valuation significantly in excess of current levels. With a keen eye on relative valuation, we base our unchanged 250p fair value on 1.3x EV/sales, 10.3x EV/EBITDA and 14.7x P/E ratio. At this share price the dividend yield would still be 3.4% - i.e. in line with peers. New research report here: |
Posted at 13/2/2024 08:07 by edmonda "Cash generation drives shareholder value" - new research report available here: Ultimate Products’ (UP) sales fell by 4% in the first six months of FY2024, with the likelihood of a broadly flat full year. But the company’s FY2024 profit expectations - and our own EBITDA forecasts - remain unchanged as improved gross margins should offset lower sales. UP’s first half sales setback was caused by 3 important temporary effects. First, the company lapped an unusually strong period a year earlier when demand for air fryers was at a peak. Second, supermarket overstocking has taken longer to dissipate than might be expected. Third, UP was negatively affected by disruptions to global supply chains related to conflict in the Red Sea. In contrast, the gross margin outlook is significantly more positive as the uplift to gross margins achieved in the second half of FY2023 appears likely to be retained in FY2024. We increase our gross margin expectations in FY2024 from 25.5% to 26.6%. Some idea of buyback potential is available from today’s trading update. The company targets long-term net debt/EBITDA at 1.0x. If our expectations for end-FY2024 net debt of £8.0m are met and £21.6m EBITDA are met, the implied headroom for share buy-backs would be of the order of £13m to £14m – equivalent to around 10% of the company’s current market cap. With positive news on the scope for buybacks in our view offsetting lower than expected sales revenue in FY2024 we maintain fair value of 250p for the shares. |
Posted at 07/11/2023 15:40 by edmonda FY Results - Investor Presentation video (November 2023)Link is here: Simon Showman (CEO), Andrew Gossage (Managing Director) and Chris Dent (CFO) of Ultimate Products ran investors through highlights of their Full Year Results for the period to 31st July 2023, which saw an 8% increase in revenue and +11% in gross profit, achieved with no overall price inflation. Management provided a detailed financial overview and discussed the new European showroom in Paris as a catalyst for European expansion. The presenting team also answered a wide range of questions from the viewing audience. The full video has been divided into chapters for ease of viewing, as below: 0:00:00 Beginning, team introduction 0:00:21 Highlights of FY23 period 0:02:24 Strategy 0:11:06 Financials 0:21:48 Summary & Outlook 0:23:38 Questions & Answers |
Posted at 02/11/2023 21:12 by melloteam Just to let shareholders and prospective investors know that Ultimate Products will be one of the companies presenting at MelloLondon.The event will take place at the Clayton Conference Centre, Chiswick on Wednesday 29th and Thursday 30th November, where you can expect over 700 investors, 50 Aim listed companies and 10 or so Trusts and Funds. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. For more information, visit |
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