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ULTP Ultimate Products Plc

119.00
1.50 (1.28%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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
  1.50 1.28% 119.00 34,070 16:35:19
Bid Price Offer Price High Price Low Price Open Price
116.50 119.00 121.00 117.00 117.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Household Appliance Stores 155.5M 10.53M 0.1189 10.18 104.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 4,757 119.00 GBX

Ultimate Products (ULTP) Latest News (1)

Ultimate Products (ULTP) Discussions and Chat

Ultimate Products Forums and Chat

Date Time Title Posts
09/12/202418:45Ultimate Products64

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Ultimate Products (ULTP) Most Recent Trades

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Ultimate Products (ULTP) Top Chat Posts

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Posted at 15/12/2024 08:20 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 117.50p.
Ultimate Products currently has 88,530,991 shares in issue. The market capitalisation of Ultimate Products is £107,122,499.
Ultimate Products has a price to earnings ratio (PE ratio) of 10.18.
This morning ULTP shares opened at 117p
Posted at 06/12/2024 21:57 by advfnagain
Leave a nice big stop loss so the market doesn't steal your juicy price .
Posted at 06/12/2024 12:22 by advfnagain
Just bought 3500 of these . They seem like a really good price with great future growth potential. I know the last report wasn't that great but forward looking things will get better . The house price index at an all time high will slowly start to increase consumer spending along with the Heavy Christmas spending . I am missing something here ?
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 12/11/2024 12:52 by dr biotech
Pretty much a two year low. Guess having things made in china is not the place to be if there is going to be a trade war, although I think their sales in the US aren't that significant. This one is liable to jumpy price movements too.
Posted at 04/11/2024 15:53 by edmonda
Investor Presentation video recording (31 October 2024 webinar)

Andrew Gossage (CEO) & Chris Dent (CFO) of Ultimate Products plc hosted an Investor Presentation following the release of their results for the financial year to 31st July 2024.

They discussed their ambitions for European growth enhanced by their Paris showroom, countered by the the abating challenges of freight costs and UK consumer demand. Management provided a detailed run-though of financial performance figures, and answered a range of questions submitted by viewers.

The full video recording is available to watch, divided into chapters as below:
0:00:03 Introduction to Ultimate Products
0:07:50 Highlights of 2024
0:09:54 Products, Price, Brands, Capability
0:17:12 The opportunity in Europe
0:21:43 Financial Review
0:34:22 Summary & Outlook
0:40:43 Questions & Answers

Link to video recording:
Posted at 29/10/2024 07:25 by edmonda
"European growth prospects rise in importance"

Ultimate Products released FY2024 results which confirmed the company’s August trading statement at the sales, EBITDA pre-tax profits and EPS levels.

Detailed figures for sales by geographic region, brand, distribution channel and product category were published. Importantly, European sales advanced by 7%, moving to 34% of group sales from 30% in FY2023 as the company made significant advances with French and German discounters. This offset the negative impact of overstocking in the latter’s supermarket channels.

ULTP’s sales outlook for FY2025 is a return to growth. First, we expect a home market rebound as the company no longer faces the air fryers comparison issue. Second, there are clear signs that the Salter re-brand is working well and there will probably be some early benefits from a similar uplift for Beldray. Third, Europe should see further advances arising from the Paris showroom’s stronger sales into European discounters and more normal German supermarkets trading. However, the pattern of order flows suggests growth will pivot significantly towards the second half of the year.

We highlight UPs superior yield and attractive FY2025 0.8x EV/sales ratio. We continue to highlight potential for a material re-rating of the shares, driven partly by a return to positive sales momentum this year. We retain our 200p/share Fair Value.

Link to new research report:
Posted at 13/6/2024 07:55 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” between UP and the product user with the simple tagline – “between us we’ve got this.” The company not only looks to have beautiful, affordable products for every home but also to inject humour into the experience of household chores such as laundry and cleaning. The Beldray – be beldray® - re-brand appears well positioned to achieve this.

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.
Posted at 11/5/2024 00:51 by gnome3
I don't really see how the timing of the buy-back announcement disadvantages shareholders. If they'd started the buy-backs before the profit warning, likely more people would have been drawn into the stock on the back of increased momentum and would be sitting on a short term loss. Having the buy-back funds available now, gives some support to the share price and provides liquidity to those that now want to exit.
Posted at 10/5/2024 12:24 by shanklin
Jonals

Companies should be updating the market when they conclude that the forecasts in the market need revision. ULTP did this last July when their net debt expectations improved considerably from their previous expectations.

I appreciate ULTP don’t usually provide a Q3 TS. But they have chosen to do so this year. It seems to me that they will probably have known Q3 was poor at the time of the H1 results (2 months and one week into Q3) but chose to keep them a secret.

Today they have dumped them into the market, extrapolating Q4 to be similarly poor. No surprise perhaps that they are initiating their share buyback today, on the day when they have given their share price a good kicking.
Posted at 09/4/2024 06:12 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:
Ultimate Products share price data is direct from the London Stock Exchange

Ultimate Products Frequently Asked Questions (FAQ)

What is the current Ultimate Products share price?
The current share price of Ultimate Products is 119p.
How many Ultimate Products shares are in issue?
Ultimate Products has 88,530,991 shares in issue.
What is the market cap of Ultimate Products?
The market capitalisation of Ultimate Products is GBP 104.02 M.
What is the 1 year trading range for Ultimate Products share price?
Ultimate Products has traded in the range of 108.00p to 181.00p during the past year.
What is the PE ratio of Ultimate Products?
The price to earnings ratio of Ultimate Products is 10.18.
What is the cash to sales ratio of Ultimate Products?
The cash to sales ratio of Ultimate Products is 0.69.
What is the reporting currency for Ultimate Products?
Ultimate Products reports financial results in GBP.
What is the latest annual turnover for Ultimate Products?
The latest annual turnover of Ultimate Products is GBP 155.5M.
What is the latest annual profit for Ultimate Products?
The latest annual profit of Ultimate Products is GBP 10.53M.
What is the registered address of Ultimate Products?
The registered address for Ultimate Products is MANOR MILL, VICTORIA STREET, CHADDERTON, GREATER MANCHESTER, OL9 0DD.
What is the Ultimate Products website address?
The website address for Ultimate Products is www.upplc.com.
Which industry sector does Ultimate Products operate in?
Ultimate Products operates in the HOUSEHOLD APPLIANCE STORES sector.