Up Global Sourcing Share Discussion Threads

[epo001] 15/6/2018 20:36

According to Hargreaves Lansdown, divi is 0.83p, XD 5th July, paid 27th.

[kirk 6] 15/6/2018 18:12

Dividend in July I thinj

[trinko] 15/6/2018 14:12

When is the next update, and ex-dividend

Thanks

[topvest] 14/6/2018 20:13

Quite an interesting insight into the CEO.



All quite impressive. Worked his way up.

[topvest] 14/6/2018 18:52

I suspect they paid less than £1m. Bargain!
So many companies pay loads for over-priced assets.
UPGS just buy brands from the administrator when there is little interest in putting the hard work into resurrecting them.
In five year's time could be doing £10-20m of sales from this brand per year.

[coppertrader] 14/6/2018 18:45

thanks epis, i thought it would be complicated from the title, thats why i asked... as i am lazy and did not want to read all about it

[epistrophy] 14/6/2018 14:04

coppertrader,

The rules are quite complex. I think this means total consideration is less than 5% of market cap:

[opodio] 14/6/2018 13:08

Breaking out !!

[coppertrader] 14/6/2018 12:25

The purchase is not classified as a significant transaction under chapter 10 of the Listing Rules.....does anyone know what does constitute a significant transaction?

[topvest] 14/6/2018 12:08

Kleeneze and Betterware have both gone into administration this year, which pretty much marks the end of the home distribution channel. Internet shopping and Amazon have killed it. Just Avon left?

[topvest] 14/6/2018 09:53

I like the way that they acquire brands in administration for virtually nothing and do a relaunch without the baggage. Very clever, how they have collected such an assortment of brands for virtually nothing. Remember that Kleeneze was once listed and worth hundreds of millions. Only £20m of sales when it went bust though.

[pre] 14/6/2018 08:26

very interesting purchase of the heritage and strong brand here...clever move by management to leverage off the existing brand and proposed relaunch...the brand is well established.

[topvest] 14/6/2018 08:14

A reinvented Kleeneze relaunch in 1-2 years time then. Another brand to add to the collection.

[topvest] 14/6/2018 08:11

I've bought a few more. Really think they have an excellent business model run by an intelligent fanatic. Undervalued.

[blueliner] 14/6/2018 07:51

An undisclosed amount. Small change I bet .

[spooky] 14/6/2018 07:45

Sounds like exactly the sort of thing they should be doing, pumping more products through the established distribution channels.

[topvest] 14/6/2018 07:37

What a fantastic opportunistic buy. This is what UPGS is all about.

[kirk 6] 14/6/2018 07:35

UP Global Sourcing Holdings PLC Purchase of the Kleeneze BrandSource: RNS Non-RegulatoryTIDMUPGSUP Global Sourcing Holdings PLC14 June 201814 June 2018UP Global Sourcing Holdings plc"Ultimate Products" or the "Group"PURCHASE OF THE KLEENEZE BRANDUltimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, is pleased to announce that it has purchased the intellectual property rights of Kleeneze Limited ("Kleeneze"), a leading cleaning, laundry and homewares brand. The purchase is not classified as a significant transaction under chapter 10 of the Listing Rules.The transaction includes the trademarks, domain names, websites and social media accounts of Kleeneze, which are being sold to the Group for an undisclosed amount by FRP Advisory LLP, the administrators of Kleeneze. The transaction does not constitute the purchase of a legal entity, and does not include the physical assets, databases, stock, employees or independent distribution network. Over time the Group plans to relaunch the Kleeneze brand with a range of laundry and floorcare products for sale into retail and via online channels.Founded in 1923, Kleeneze is one of the longest-running home shopping companies in Britain. From its humble beginnings selling home-made brushes from a broom cupboard in Bristol, Kleeneze went on to grow in popularity and size to become one of Britain's best loved catalogue companies. It sells a range of Kleeneze-branded products across the cleaning, kitchen, home, outdoor, health & beauty, clothing, and Christmas categories.Commenting on the purchase, Simon Showman, Chief Executive of Ultimate Products, said:"We are delighted to be adding such a well-established and highly regarded brand as Kleeneze to our portfolio of British brands. It has an outstanding heritage with a long-standing reputation for value and quality, and we look forward very much to relaunching it with a new and innovative laundry and floorcare range.This deal is consistent with our track record of making opportunistic acquisitions of brands and then successfully relaunching them, the most notable example of which was the purchase of Beldray in 2009, which is now our best-performing brand."For more information on Kleeneze, please visit https://www.kleeneze.co.uk/For more information on Ultimate Products, please contact:Ultimate Products [phone]Simon Showman, CEOAndrew Gossage, Managing DirectorGraham Screawn, Finance DirectorPowerscourt [phone]Rob GreeningSam AustrumsNotes to EditorsUltimate Products is an owner, manager, designer and developer of a series of well-known brands focused on the home, selling to over 300 retailers across 38 countries. It has six product categories: Audio; Heating and Cooling; Housewares; Laundry; Luggage; and Small Domestic Appliances. Its brands include Beldray (laundry, floor care, heating and cooling), Intempo (audio), Salter (kitchenware), Constellation (luggage), and Progress (cookware and bakeware).The Group's products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers and online retailers.Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, where it has design, sales, marketing, buying, quality assurance, support functions and warehouse facilities across two sites. Manor Mill, the Group's head office, includes a spectacular 20,000 sq ft showroom that showcases each of its brands. In addition, the Group has an office and showroom in Guangzhou, China and a newly established showroom in Cologne, Germany. In total, Ultimate Products now employs over 200 staff.For further information, please visit www.upgs.comThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.ENDNRAGGUUUQUPRGMW(END) Dow Jones NewswiresJune 14, 2018 02:00 ET (06:00 GMT)

[kirk 6] 12/6/2018 06:52

Yes that was the mid I meant it touched 45p at close (on the order book)

[podgyted] 11/6/2018 23:45

Strange - I've got at 43.75p

[kirk 6] 11/6/2018 17:47

45p at close

[citytrader66] 04/6/2018 11:41

"B&M is prospering in a retail sector undergoing "profound structural change" partly because its business model is "one of those disruptive changes to the old order which are fundamentally reshaping the industry."

whats the "profound structural change"?

whats "one of those disruptive changes"? people of cheap stuff?

[kirk 6] 04/6/2018 10:22

Why the fall here?? Especially after b n m

[topvest] 31/5/2018 18:48

Yes, absolutely- good to have your biggest customer doing well!