Up Global Sourcing Share Discussion Threads

[croasdalelfc] 23/7/2017 20:38

There is also this:13.7 B&M AgreementOn 23 February 2016, UPGS UK entered into a vendor buying agreement with B&M for an initial term of 10 years pursuant to which UPGS UK has agreed to supply B&M with a limited range of products utilising the Group's "Beldray" brand replacing products that were previously sourced and sold under B&M's "own brand". Products sold under this agreement to B&M are sold at a fixed gross margin. Both parties may terminate the agreement on giving 24 months' notice in writing. All other products supplied to B&M are under normal commercial arrangements.

[croasdalelfc] 23/7/2017 20:28

''The Group's largest customer, B&M, represented 22 per cent. of turnover in FY 2016 and sales to B&M have increased by 152 per cent. over the three year period from 1 August 2013 to 31 July 2016''Action accounted for 10% in 2016.Of course these two 'facts' mean that growth seen in 2017 for UPGS has been down to the tremendous growth seen but both these retailers - especially Action which is growing at 35-40%

[croasdalelfc] 23/7/2017 20:21

In the admission document. Not sure it's stated categorically but if iirc the two biggest are Action and B&M

[darola] 23/7/2017 18:41

Are B&M the biggest customer? Where is that cited?

[croasdalelfc] 23/7/2017 11:12

Speculation about Asda taking over B&M - might effect UPGS holders as B&M are biggest customer. But then again they sell in Asda - so could get into Walmart :))

[croasdalelfc] 21/7/2017 08:59

Darola - thanks for the update - that's positive as they should discuss FY results at the board meeting and then release RNS - holiday season is difficult to get everyone together

[darola] 20/7/2017 20:19

Got an email back from Graham today in IR.

"The Board has not yet sanctioned the next update, but this is to be discussed at the next meeting (early August)."

Also believe that any update should be very positive - hopefully have another IQE in my portfolio....

Edit: Cdf, can you post the link to Edison's note? Thx

[croasdalelfc] 20/7/2017 20:09

Small research note out by Edison today, says consensus EPS is 9.6p to 07/17 and 11.6p to 07/18.Personally I think that is very conservative and estimate 11.6p this July and 15p in July 18.BME and Action are their two biggest customers and are expanding very rapidly. Also look at all the Amazon 4/5 star reviews on hundreds of products.

[discodave4] 20/7/2017 19:41

Wonder if the ONS retail numbers for last month caused the slight drop today. It mentioned that retail numbers overall increased beating forecasts for June but this was driven mainly by clothes and footwear, whereas food sales fell 0.5%......so possibly less footfall in supermarkets which impacts here?.DDps for clarity not a holder here yet.

[darola] 20/7/2017 09:17

Have emailed IR again to see if an update planned. All a bit zzzzz at the moment.

[discodave4] 18/7/2017 19:27

According to their website next update will be prelims early November.

[croasdalelfc] 18/7/2017 18:48

It will be interesting to see which sectors are growing the most . Especially online through the likes of Amazon. The Boards stated intention is to grow online sales to 20% of revenue - from 4%.6-7% would be a good start

[darola] 18/7/2017 17:04

Indeed. In its maiden year as a PLC you'd hope UPGS would recognise the need to build share holder and market confidence

[croasdalelfc] 18/7/2017 13:09

This is the sort of share that doesn't have much news flow. Unless they license or acquire another brand or consolidate with another similar business I can't see much chance of newsflow.A trading statement at end of year - 1st or 2nd week of August would be most welcome.

[darola] 18/7/2017 12:47

Low volumes in and out. Need some news to reignite this.

[gswredland] 14/7/2017 17:15

Fingers crossed. Looking good

[darola] 14/7/2017 16:19

High highs on the way me thinks.....

[gucci] 14/7/2017 13:25

all buys Darola - 1 at 195 and 1 at 203

[darola] 14/7/2017 13:13

Yep. MMS clearing some stock. 7p spread and no sells today (according to lse).

Anybody got L2?

[croasdalelfc] 13/7/2017 15:41

Overhang cleared? Has it turned ,

[taurusthebear] 13/7/2017 15:30

Does seem to have been unfairly splattered recently. Looking forward to £2+ :0)

[darola] 12/7/2017 08:38

I'm also a holder there, so very happy with that....

[mr.oz] 12/7/2017 07:34

BME trading quite strongly and on track. No concern there

[johnv] 11/7/2017 22:59

Just noticed the 6p gap beginning of May which has just been filled, so this should be the bottom.