Up Global Sourcing Share Discussion Threads

[john09] 07/11/2017 13:27

LOoks like my 10,000 top up was well timed

[kirk 6] 07/11/2017 12:51

Another PUG special here

[nw99] 07/11/2017 12:38

Dir buys nice

[meijiman] 07/11/2017 12:27

Ok flat revenues but they imply/infer there is some likely progression in the margin and decent yield whilst one is waiting.

[pre] 07/11/2017 12:19

Nice yield to come here, +500k directors buys today...vote of confidence imo, dyor etc:-)

[nw99] 07/11/2017 12:18

Nice yield as well while we wait as well

[che7win] 07/11/2017 12:14

Its ex growth, I can't see these rising from here:

Outlook & Market Environment

The Group operates primarily in the branded, value-focused consumer goods sector in the UK. Due to ongoing macroeconomic uncertainty and tougher trading conditions, retailers are generally exercising caution with regard to their non-food buying as we head towards the end of the calendar year.

As a result, we are seeing retailers' reluctance to order too far forward and many are placing orders later or buying from stock. The lower volumes available to non-food suppliers and retailers' desire to minimise increases in retail prices is creating an even more competitive environment than normal.

As previously announced, the Board therefore anticipates that revenue growth for FY 18 is unlikely. In addition, approximately GBP4-5 m of FY 18's revenue will now be recognised in FY 19 as a result of the move from FOB to landed arrangements with a key European customer.

However, Ultimate Products is used to managing such challenging dynamics. Current trading is in line with expectations and the Board remains confident that the business will continue to deliver sustainable, long-term growth

[john09] 07/11/2017 11:51

Buy orders all triggered thats me up to 35,000 shares and very happy to old for 9 months when the markets will start to price in 2019/20 EPS forecasets

[john09] 07/11/2017 11:27

Yep. I just bought another 5,000 . Total holdng now 30,000 and I have another 5,000 order in . Happy to go to 35,000 and hold for next year it should do well from here

[mr.oz] 07/11/2017 11:21

That's the kind of commitment required and sought for, from investors.
The sentiment was good today , from the RNS. It just got better

[tallprawn] 07/11/2017 11:18

Nice vote of confidence right there for you - Big buys those.

It might be a while but some excellent upside could exist here if you have the patience to buy and hold.

[john09] 07/11/2017 11:14

2nd RNS

Directors just bought half a million shares between them! The new NED just paid out nearly £400k !

[rimmy2000] 07/11/2017 10:15

"Highlights of the product portfolio have included the performance of Progress, the cookware and kitchen electrical brand, which is now listed with several retailers including, as of January 2018, a Highlights of the product portfolio have included the performance of Progress, the cookware and kitchen electrical brand, which is now listed with several retailers including, as of January 2018, a major UK supermarket; ; "


Anyone know who the supply deal is with the ' major UK supermarket ' ?

I believe it is TSCO

[john09] 07/11/2017 10:03

PugUgly. My point is nothing g has deteriorated since the warning in September and generally that's usually the case

[pre] 07/11/2017 09:41

UP Global Sourcing Holdings plc

"Ultimate Products" or the "Group"

FULL YEAR RESULTS FOR THE YEAR ENDED 31 JULY 2017

A strong performance in a challenging market

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces its full year results for the year ended 31 July 2017.

Financial Highlights

£ Total revenue increased 39.1 % to £110.0 m (FY 16: £79.0 m);

£ International revenue grew by 48.2 % to £30.4 m, representing 27.7 % of total revenue;

£ Underlying EBITDA* increased 39.9 % to £11.5 m (FY 16: £8.2m);

£ Underlying profit before tax* increased 42.0 % to £10.7 m (FY 16: £7.5 m);

£ Profit before tax increased 18.7 % to £7.4m (FY16: £6.3m);

£ Net debt amounted to £6.0 m (FY 16: £10.0 m), with a net debt / underlying EBITDA ratio* of 0.5 x;

£ Underlying Earnings Per Share* of 10.9 p; and

£ Full year dividend of 5.115 p per share (FY 16: 3.32 p).

[pugugly] 07/11/2017 09:36

john09; Massive short term caution in management statement - See previously posted extract - So what p/e if now ex growth for the next year.?

[john09] 07/11/2017 08:25

From my perspective if a company has a profit warning (september) and then just reiterates it with a confidence that they can cope and restore long term growth and maintain a progresisve dividend policy then this is job done. Profit warnings normally come in 3s - things havent worsened here. Id say it was stong buy

[kemche] 07/11/2017 08:19

Chunky trades too.

[kemche] 07/11/2017 08:13

Market seems to like it. It was all baked in the price it seems..........

[kirk 6] 07/11/2017 07:58

Should get well above £1 today

[nw99] 07/11/2017 07:56

First resistance just under 150

[kirk 6] 07/11/2017 07:52

Thanks muz

[muzmanoz] 07/11/2017 07:49

Kirk

The Board is committed to a progressive dividend policy, with an intention to distribute 50 % of the Group's adjusted profit after tax. A final dividend is recommended of 3.495 p per share to give a total dividend of 5.115 p per share for the full year.
The final dividend is payable on 30 January 2018 to shareholders on the register on 5 January 2018.

[kirk 6] 07/11/2017 07:47

When are these paying the final dividend

[kirk 6] 07/11/2017 07:45

-- Board substantially strengthened, including the appointment as Chairman of James McCarthy, the former CEO of Poundland Group plc, and two further independent Non-Executive Directors;-- Refurbishment of new 240,000 sq ft warehouse at Heron Mill in Oldham completed to plan and is now the Group's main distribution facility, creating improved operational efficiencies and significant additional capacity;-- Significant progress made in Germany, with a number of major retail accounts now open in the country and plans to open a showroom there in CY 18;-- Highlights of the product portfolio have included the performance of Progress, the cookware and kitchen electrical brand, which is now listed with several retailers including, as of January 2018, a major UK supermarket; a