Up Global Sourcing Share Discussion Threads

[eastbourne1982] 23/1/2018 15:04

You seem rattled John, perhaps it's time for a green tea to settle those nerves.

[eastbourne1982] 23/1/2018 14:58

Revenue in 2016 was under 80 million.

Things don't stack up and I don't like the look of the CEO.

[john09] 23/1/2018 14:57

Well this is certainly oversold

[eastbourne1982] 23/1/2018 14:55

This was eight years ago, turnover was 80 million, what has happened since ?

[eastbourne1982] 23/1/2018 14:52

This may well bounce Johnnie, I'm not saying it won't, all I'm saying is this company has been a farce since it's IPO, one cannot argue with that.

I love buying oversold shares, the problem here is I couldn't have less trust in the management.

[turbocharge] 23/1/2018 14:50

Unlike some other boards, the civil language here is to be commended

[john09] 23/1/2018 14:49

When this one bounces I’m not sure we will be seeing Eastbourne again. Experienced it on the PETS board yesterday and not one of them around today

[eastbourne1982] 23/1/2018 14:48

I hope UPGS make mugs better than you Johnnie.

[turbocharge] 23/1/2018 14:48

At least some excitement on this board, in the absence of upward share movement...

[eastbourne1982] 23/1/2018 14:46

Your only loser, I presume it's the only thing you have invested in.

[john09] 23/1/2018 14:45

A lot. It’s my only loser. Well since I met you I mean

[eastbourne1982] 23/1/2018 14:43

No and no Johnnie.

How much are you down on these now, 50 - 75% ?

[john09] 23/1/2018 14:42

Oh and Eastbourne is known for its fun looool. We’re you seriously born in 1982 and living in Eastbourne? It’s for granny’s

[eastbourne1982] 23/1/2018 14:41

John,

Your humour is like your name, very dull.

[john09] 23/1/2018 14:40

He once had a Russell Hobbs toaster set fire to his mrs

[lammylover] 23/1/2018 14:35

Hi Eastbourne - presumably you have a target price? Sub 70p maybe? If not, why the interest here and constant negativity? Rich

[eastbourne1982] 23/1/2018 13:54

This company is going to have to come out with some earth shattering news to get it moving north.

The market doesn't trust it one iota and no wonder.

This was a classic pumped up dog of an IPO.

What a shambles.

So many companies like this in recent years, ENTU, ACCROL, LUCECO to name just a few.

Those who cashed in on the IPO should be investigated.

[lammylover] 23/1/2018 13:43

Actually supply over 300 retailers in 38 countries. UK is Tesco, Morrisons, Sainsbury, the Range, Denhelm, B+Q, JTF, Matalan, the Works, Argos, B+M, the Factory shop, also Amazon! Don't forget they also supply German discounters as well.

[pugugly] 23/1/2018 13:03

If tip sheets following possibly a lot of burnt PI's stop lossing but from bitter experiance in former days many tip sheet punts spike and then crash rarely to recover - Could it be happening here?

Also from a commerical point of view very dangerous to be dependent on one major retailer - They have their suppliers over a barrel - Look what Woolworths (in the old days) did to their suppliers - A right old shafting !!

[john09] 23/1/2018 12:44

One thing I would say about this stock is when it moves... it moves and there are a lot of people following this stock given those 2 tip sheets even though this board is quiet

[lammylover] 23/1/2018 12:31

Hi John = agree 100% with you. UPGS is at a crazy price, especially as principle customer is B and M and also they have customers in German market, so not totally exposed to UK retail market. The problem with this company is that it gets almost no coverage and as the bulk of shares are held by Directors and a few big funds, there hasn't been any fund buying recently. I would love to know who is selling down around 70p. Makes no sense to me and I hope for a re-rating soon. BOD could do with putting out a trade update ASAP to get share price back up to a reasonable level. Regardless with hold mine and looking forward to my big dividend payment on 30/1/18. regards Rich

[john09] 23/1/2018 12:10

So I bought more of these today and averaged down. In November directors and a NED bought more at 93p and the stock rallied to a £1 briefly.

Also MI and SCSW cover this one and are unlikely to give it up.

B&M is its biggest client and it’s going great guns as shown in their TS last week.

The dividend yield at 73p is 7%

And finally, I’m hoping there is a statement soon

Reminder the high was £2.35 ish

[lammylover] 18/1/2018 14:48

Algo trades trying to shake out a few more shares from private investors at rock bottom prices. Holding onto mine and would buy more at these crazy low prices, but don't want an unbalanced portfolio Hold and wait - lets see what next results bring. Just my view for what its worth! Rich