Up Global Sourcing Share Discussion Threads

[john09] 27/12/2017 15:51

Silentpoint?

[john09] 27/12/2017 15:43

It could well be a SCSW nap tip for 2018 on January 6th thought. That would provide a fillip

[croasdalelfc] 27/12/2017 15:12

Seeing as the price the directors are buying in at is more or less an all time low then that puts a bottom on the share price slide - give or take 10%.Trouble is I doubt the share price is going up or down more than 10% in the next few months . It will also take 4-6 weeks to give any Xmas trading update given the lead time in sales

[she-ra] 20/12/2017 18:13

lammylover- My mistake I was getting mixed up with another company in terms of directors purchases.

I agree that isn't an insignificant amount. However I personally choose not to be 100% confident in directors purchases as I followed a Chairman's £1m purchase only for the company to be taken over for 30% of his purchase price.

But in this case it is positive.

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John09 you've had me on ignore (according to you, which is total rubbish) for about 3 months not years. Yet you have responded to my posts on numerous occasions.

[john09] 20/12/2017 18:02

She Ra is full of sht I’ve had her on ignore for years

[lammylover] 20/12/2017 17:45

Hi She-ra

Its always good to have an alternative view, so I did a bit of research into your suggestions that the BOD had just bought back some shares in order to prop up the share price. What I found was that the vast majority of shares bought a month ago were by Robbie Bell, a non executive Director who only joined UPGS on the day that the shares were admitted to AIM for trading. Hence he didn't benefit from the IPO and trouser loads of money as you mooted!. The share was admitted for trading on 1/3/2017 and he joined on exactly the same day. His big buy recently to show confidence in the company after the earlier RNS saying that growth would be flat in FY18 was a very significant 402,144 shares at 93.258p = £375K. I take this as a big positive. But its just my view.. Rich

[bighairyspider] 20/12/2017 17:44

Thanks Rich and she-ra. I'd bought earlier in the year, this was a naked trader tip at the time. After selling I've been keeping tabs since. Despite the shenanigans last September I still felt this was a company worth investing in again, the new warehouse is ready, expansion into Germany etc ... I don't live that far from Oldham so actually went to have a look, in passing, at their operation. I was very tempted to buy back in after some of the directors bought in recently, but felt at the time that was a bit of a peak and waited. I moved back in at 84p. Although the company forecast is for a flat year for 2018 I still feel there is sufficient scope for the share price to improve.

[she-ra] 20/12/2017 16:48

"Also the BOD bought a huge amount of shares at around 93p only a month ago, so they believe there is value to be had here."

But they were made super rich when they flogged far more at the IPO. The purchase by comparison was chicken feed. Maybe they were trying to prop up there existing holdings?

[lammylover] 20/12/2017 16:15

Hi Spider!

The proposal to buy back shares was one of the resolutions at last Friday's AGM. As far as I'm aware there are no plans to buy back yet, but the fact that proposal was approved gives BOD an option to do this if they see fit. I would have expected the share price to start rising again by now following the AGM. I suspect there is still a big seller out there.....! Anyway, I'm holding for a share price recovery and dividend in January. Also the BOD bought a huge amount of shares at around 93p only a month ago, so they believe there is value to be had here, even if share isn't fancied by the market at present. Buy and hold for me at 80p. Bargain! Rich

[bighairyspider] 20/12/2017 08:27

Could anyone give a link or have any info they can divulge about the share buy-back; when, now many, how much etc ... ?

The AGM notes on their website just detail it's authorisation through a special resolution. Can't see any RNS.

Unless, of course, it's one of those that will be announced in due course.

[imranawan] 18/12/2017 09:32

This or LUCE.

[quepassa] 18/12/2017 09:09

Prize for the worst IPO of the year?

[citytrader66] 15/12/2017 17:44

RNS out just after 4pm. all of the resolutions passed. big UT trade 83.50p. maybe the share buy back has begun already?

[john09] 15/12/2017 17:02

Well no news but we seem to have closed at 83.5p

[john09] 14/12/2017 12:08

AGM tommorow

[kirk 6] 04/12/2017 22:39

Not bad worth keep hold here and hopefully be back above £1 shortly

[john09] 04/12/2017 10:59

5.1p from memory

[darola] 04/12/2017 10:54

What was the div payout on this?

[john09] 24/11/2017 13:15

No shot Sherlock

[kirk 6] 24/11/2017 13:13

Too cheap these now in my opinion

[kirk 6] 19/11/2017 19:59

When is dividend pay date

[john09] 17/11/2017 12:45

I think buyers will do well at these levels. Good yield too

[mister md] 17/11/2017 08:48

Also about to buy a few here at these levels (86p)
They've reduced expectations so more chance of a surprise to upside than downside
And a nice dividend in the meantime