Up Global Sourcing Share Discussion Threads

[topvest] 09/1/2019 11:31

Great. We are definitely into the long awaited uptrend. I didn't get the timing quite right here, and I'm the first to acknowledge that. I do think its a good business with good prospects though.

[onjohn] 09/1/2019 11:21

first target take out the 52-wk high 76.00

[onjohn] 09/1/2019 11:07

As a result, and notwithstanding the higher overhead costs associated with servicing the increased revenue, the Group now anticipates that its EBITDA performance in FY19 will be above the market's current expectations.

The Board will provide a further update on the Group's trading performance following conclusion of H1 FY19 on 11 February 2019.

[mister md] 09/1/2019 09:50

well done for sticking with it, nice re-rate in progress

[kirk 6] 09/1/2019 09:44

Once we hit 70p I'll crack open the champagne hopefully this week

[mister md] 09/1/2019 09:37

nice string of AT buys there. 48-50p spread

[mister md] 08/1/2019 17:11

bought some today

[kirk 6] 08/1/2019 16:33

Bye bye 40s tomorrow

[edmonda] 08/1/2019 15:23

Oldham Site Visit 7th February 2019

We are organising a site visit to UP Global Sourcing for private investors on Thursday 7th February 2019. There will be an opportunity to look round their Oldham showroom and speak with Andrew Gossage, Managing Director, and Graham Screawn, Finance Director.

The schedule for the day would be as follows:

11am Arrive at UPGS offices

11.10 tour of the Showroom and offices

12.45 Q&A session

14.00 Visit finishes

Address: Manor Mill, Victoria Street, Chadderton, Oldham OL9 0DD

If you are interested in joining us, please email [e-mail]

Kind regards, Hannah

[kirk 6] 08/1/2019 10:43

Wow talk of even a boost to the dividend yield.... I was expecting a reduction! What a share this could turn out to be in 2019

[edmonda] 08/1/2019 10:32

Latest upgraded numbers from Equity Development here:

[kirk 6] 07/1/2019 11:28

Markets take a long time to forget however based on consolidation 2019/2020 growth prospects and current market expectations, now is an extremely good opportunity to buy a very undervalued stock with a great dividend. I reckon as we move through Q1 big funds will get on board and the price will rise back over £1. The reason the stock price has gone so low is due to funds exiting from IPO! What an opportunity

[topvest] 07/1/2019 10:22

Kevph - a fair point. Every vendor always sells out in a good year. It wasn't the IPO price that was daft in my book, it was the growth investors jumping in and doubling the price.

QuePassa - this is fully listed and not on AIM. Good to have negative views as well, but it would be interesting to know whether you lost money in this after the IPO?

Their RNS announcements to date have all been very professional and accurate.

[kirk 6] 07/1/2019 09:41

That's excellent news re Brexit no deal having hardly any impact here! People need to look at risk reward here, with growth beating expectations, a large dividend, Tiny mkp this should be £1-£1.50 at some point in Q1. The biggest buy signal was TW note after the last results

[kevph] 07/1/2019 09:38

I think there is much in what you say. Personally having worked with and for companies like these, I believe the owners saw they were having a fantastic one off year and decided to flog it to the public at a great price.The trading statement soon after float admitted as much when they forecast a decline before the year started.The market punished then over the three subsequent profit warnings. Do I trust them? Not really, but I never trust any management team unreservedly. Do I think they are a switched on management team with many shares at too cheap a price. Yes. Their greatest fear is probably that this will be gobbled up at a valuation that is too cheap for the value they place on the business.Excepting their sell out year, the company has grown at a good pace and continues to do so. It is managed well and I'm happy to hold, but will keep a close watch. The market still places a large discount on this business due to their shenanigans at float, but that will pass on time on continued outperformance.All imho.

[muzmanoz] 07/1/2019 09:26

It's not listed on aim.

Or maybe they just felt the fall in consumer sentiment earlier and were more honest in reporting. Personally, I feel that they lost a large chunk of business from B&M on electronic goods.

Brexit comments -from Andrew Gossage, the md, was asked how Brexit will affect the company.

He advised that most of the company's goods that are imported to the uK are from China on WTO tariffs through the port at Southampton. Southampton is mainly used for non-eu imports so should not suffer any delays caused by Brexit. Main concern would be from big currency movements for which they are hedged but there is only so much you can do. In the company's history they have been through many events and have always found a way to alter strategy to deal with them.

[quepassa] 07/1/2019 09:16

this is an untrustworthy company in my opinion.

rather than highlighting the stupidity of investors who may have taken prospectus sales forecasts at face value, it highlights the stupidity of the company management in my opinion who so woefully and rapidly missed their own sales targets.

some investors may or may not be thinking to themselves that the initial prospectus sales forecasts may or may not have been over-inflated on purpose to drive a higher IPO pricing/rating.

each investor must ask himself whether or not he can trust a single thing which this company and its management says. I know what I think.

the AIM-type sector is -as everyone investing in this sector knows- full of both good eggs and bad eggs. the real challenge is to avoid the bad eggs in the first place.


all imo. dyor.
qp

[cheshire man] 07/1/2019 09:02

You've hit the nail on the head there topvest I remain long and enjoying the yield along the way :-)

[kingfisher99] 07/1/2019 09:01

Yes, doing well today, but how are the uncertainties around the Brexit (and particularly the vote next week)
likely to effect its share price later this week?

[topvest] 07/1/2019 08:48

Maybe, but that underlines how stupid some investors really are. They came to market and out-performed market consensus. It was in the following year that they had a bit of a hole in their order book and their sales went backwards. They are now back into the long term growth phase, if you look at a 5 or 10 year set of financials. Growth and momentum investors have lost their shirt, after pushing the shares to a very high rating and then selling out. I cannot see anything that this company has done wrong other than having a very strong year, followed by having a weaker year. That's real business!

This was a great value stock and so I'm now very happy with my purchase and confident that this will continue to do very well, particularly with the Kleeneze launch this year. Businesses do not grow in a smooth line.... its often a bumpy ride. I did buy too early, and I have refined my process a little on recovery stocks to avoid that happening again (i.e. wait for the golden cross / very close to it). This is now very well poised to multi-bag from here. It will take time, but its a well run business with a good CEO - an intelligent fanatic in my view.

[quepassa] 07/1/2019 08:31

They'll have to do a lot more than that to earn back investor trust, investor credibility and investor faith.


After their shocking and appalling post-IPO announcements about sales forecasts, the question which every investor must ask himself about UPGS and UPGS management is whether you can trust a single word they say.

ALL IMO. DYOR.
QP

[topvest] 07/1/2019 08:16

Yes, that's what we needed to get this on a continued uptrend. Everything now bodes well for the short, medium and long-term. Re-rating will take place as confidence returns. Excellent.

[cheshire man] 07/1/2019 08:13

Excellent TS and paying a good yield too

[w1ndjammer] 07/1/2019 08:05

quality company just keep holding it can only get better....


WJ.

[kevph] 07/1/2019 08:02

Excellent.