Up Global Sourcing Share Discussion Threads

[rimmy2000] 30/9/2017 09:44

delete the post for heavens sake, people pay for this material. why not just summarise it rather than copy verbatim.

[middlesboroughfc] 30/9/2017 09:35

please do not post info subscribers have paid to use. You have copy and pasted on several threads. i want to buy this next week

[thefartingcommie] 30/9/2017 09:04

UP Global Sourcing

96p Epic code: UPGS
(Sharewatch) The shares were savaged by an unscheduled trading update. During the month I met managing director Andrew Gossage who notes that whilst the year to end July came in well ahead of market expectations, with sales up 39% to £110m, trading in the first few weeks of this year is proving problematic. As he explains, UPGS has four pillars to growth - discounters, supermarkets, online and international. The year just ended saw it fire up on all with 65% growth in the UK & European discounters to £63.8m, 95% growth with UK supermarkets to £10.3m and a 64% increase in online sales to £4.6m. Sales into Netherlands, France Benelux (c.25% of total) have been strong. Consequently, the pretax profit forecast is £10.7m / eps 10.2p for the year already ended.
However, just six weeks into the year, UPGS has experienced a sea change amongst UK retailers who are placing orders later or buying from stock. Because two thirds of business is carried out in Autumn/Winter, the broker has reduced the current year eps forecast to 7.8p with 9.1p next year. Gossage says that whilst UPGS is making this statement now, a lag effect means that he suspects retailers will be echoing this warning in coming weeks as consumers react to an inflationary squeeze on real pay, which has not recovered from the cuts that followed the financial crisis. UPGS just feels the effect sooner than most.
But all is not lost. There was similar belt tightening post 2008/9, which was followed by a purple patch. UPGS has also begun making great inroads into German retailers - the discount sector in Germany is typified by cheap, poor quality products but in UPGS’ case, cheap does not have to mean poor quality. It’s established several key retailer accounts, is showcasing its wares in the Cologne trade show this month and is about to open a new showroom. Discounters also thrive in recessions. As Germany is the biggest European market, there is no reason why it couldn’t grow as large as the existing UK business. In addition, some of the gaps in the future will fill as its Progress brand (<£1m sales) begins to spread its wings beyond cookware - with scope to replicate the Salter brand (£17m sales now versus zero in 2012).
After blotting its copy book so early in PLC life, it will take time for confidence to return but I think it will in time. Await results on 7 November.

[nw99] 30/9/2017 06:14

Scsw still bullish market has got it wrong await results 7/11

[nw99] 29/9/2017 09:26

Yes that's the plan bought in ahead of the tip

[ianio5691] 29/9/2017 09:12

Offer been at 93.75 all week, now only a few available at 95p and then 96's

Are they anticipating it being tipped again in this weekends SCSW....?

[greenknight1] 29/9/2017 07:01

Many thanks

[john09] 28/9/2017 19:27

It's online and print. No relation to techinvest

[citytrader66] 28/9/2017 19:12

stands for Small Company Sharewatch. its an investment magazine. not sure if online only or printed format. i've asked this before, any relation to TechInvest magazine? any1 know?

[greenknight1] 28/9/2017 17:15

What's SCSW please?

[nw99] 28/9/2017 14:13

John09 well written would concur with your summary

[ianio5691] 28/9/2017 13:55

What date is SCSW usually released?

Edit - found it 30 Sept next issue.

Be interesting to hear their take.

They allegedly interviewed the co after tipping it at over 200p, just prior to last update, but can't find any record of the outcome of the interview....

[john09] 28/9/2017 13:25

I've followed SCSW for nearly 20 years . They will either say: This is a short term setback, management have been naive in coming out so early given they are inexperienced in running a PLC (only floated a few months ago) and we wouldn't be surprised to find the company close the gap given the new channels, Germany, new products. We spoke to the company after the TS and this is the sense we got etc etcOr they will say (and they have done this before)We got this wrong, lesson learnt , dropping coverage , move on etc I'd hope the latter is unlikely because they have tipped it in both SCSW and TMI but it's hard to determine if they will deem their broader track record more intact if they just drop UPGS. The issues with UPGS directly hit most SCSW in September - warpaint, innovaderma, swallowfield (since recovered) and others all took a hammering one assumed to scare out holders given SCSW affiliation and UPGS .Musings

[nw99] 28/9/2017 13:13

They were so would expect them to say fill your boots

[ianio5691] 28/9/2017 12:44

Nice bit of PR wouldn't go amiss nw99.

Were they not tipping this earlier in the year.

[nw99] 28/9/2017 12:41

Buy ahead of scsw write up

[ianio5691] 28/9/2017 12:29

offer price being lifted now

[ianio5691] 28/9/2017 10:21

Very quiet this morning.
What will be the catalyst for this to start recovering...

[kirk 6] 28/9/2017 07:25

Looking for a recovery to £1.25 minimum here

[muzmanoz] 27/9/2017 16:45

John09 I am a newish poster but I'm not spreading rumours. Although appreciate you only have my word on that!If you're that concerned about it you could always post on lse and ask about it. I was surprised there wasn't more debate but then that maybe shows how bizarre it was.

[she-ra] 27/9/2017 16:33

john09 - I know its weird. Maybe the FCA or UPs legal department are in the process of trying to bring charges against the poster and the few responses had to be removed also.

I wish I hadn't mentioned it now.

It was probably some yank in a room who went on UPs website worked out a big customer of UPs from the customer list and made it up to assist a short.

[ianio5691] 27/9/2017 16:31

Well its certainly not boring here, and there seems to be a bit of battle on-going on L2.

Lets hope our sellers are cleared.

[john09] 27/9/2017 16:28

So we are to believe that there was a post on LSE several weeks ago which seems pretty fundamental and yet no one here has ever mentioned it and even if it was removed from LSE that no one over there is discussing it lol. Trust me when a post is removed EVERYONE talks about it and there's not a single mention over there just posters buying stock

[john09] 27/9/2017 16:19

Muzmanoz you are also a new poster I see

[ianio5691] 27/9/2017 16:14

Sounds a bit naughty, but thanks for relaying and clearing it up.

Seems the sell bot has been turned back on this PM.