Up Global Sourcing Share Discussion Threads

[ny boy] 29/4/2019 09:36

Excellent progress I went dip buying in the 40’s a while ago, happy holding for a few years, this an (STX) very good performers, exciting times ahead imo

[onjohn] 29/4/2019 09:11

85p this week?

[jpsmithson] 29/4/2019 08:54

topvest I had noticed the Minervini type chart pattern as well. Rare to find on UK stocks. What do you use as your screening tool ?

[brucie5] 29/4/2019 08:45

Does look like an amazing bowl, particularly after 90p. I have bought in tentatively for that, though the spread made this expensive. Just under 79p, against indication 73p. Hopefully these prices will soon be history.

[onjohn] 29/4/2019 08:29

Wonder if Schroeder’s will buy more today or the directors

[coppertrader] 29/4/2019 08:29

www.equitydevelopment.co.uk/company/?company=UP+Global+Sourcing+Holdings+plc&c=2cTO

[onjohn] 29/4/2019 08:18

Love the dividend

[quepassa] 29/4/2019 08:12

Good luck. Let's hope the share flies but history teaches that if management disappoints once, they can do it again. And those missed IPO sales forecasts were heinous.

but instead of criticising me, why don't you offer a valid and supportive opinion about my concerns of the major increases in short term borrowings and increase in receivables?

all imo. dyor.
qp

[lammylover] 29/4/2019 08:08

QP - every silver lining has a cloud. LOL. Trying to buy in cheaply eh? Rich

[onjohn] 29/4/2019 08:00

100p coming

[quepassa] 29/4/2019 07:59

but based on previous events such as woefully missed forecasts, they are not to be trusted in my opinion.
without the increase in receivables by £8m and near trebling of s/t borrowings, the figures would look very different.
in my opinion, never good to see such big increases in receivables figures or s/t debt over reporting periods.

all imo. dyor.
qp

[topvest] 29/4/2019 07:53

Very strong results indeed. Re-rating is likely to continue. This is a growth stock with a dynamic CEO. Hits my Mark Minervini trend 2 template screen as well now for what its worth! No mention of Kleeneze launch yet, so we have that to come.

[quepassa] 29/4/2019 07:34

What's going on

31st jan 2019 versus 31st jan 2018

trade/other receivables have ballooned from £11.5m to £19.5m

and more worryingly over same period

short term borrowings have almost trebled from £4m to £12m.


Let's hope they get those receivables in line pretty damn quick.


Notes 16 and 19 to the figures refer.


On the plus side, if they hiked the interim dividend today by near 40% that bodes well for similar treatment to the full year dividend and gives the share a prospective yield of 5.4%

ALL IMO. DYOR.
QP

[nw99] 29/4/2019 07:16

Great news £1 here we come

[onjohn] 29/4/2019 07:06

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2019

Strong trading with normalised revenue increasing by 20.8%, driven by growth across all channels

Interim dividend increased by 39.8%

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces its interim results for the six months ended 31 January 2019.

Financial and operational highlights

-- Revenue up 36.0% (or GBP17.4 million) to GBP65.8 million (H1 FY18: GBP48.4 million), driven by growth across all four of the Group's channels:

o UK and European discounters revenue up 34.6%

o UK supermarkets revenue up 32.1%

o Online revenue up 85.2%

o International retailers revenue up 173.0%

[opodio] 27/4/2019 18:58

Story image for upgs
UP Global Sourcing on the up as it raises expectations

[nw99] 26/4/2019 16:15

Looking for more than 75 next week

[riviera1069] 26/4/2019 16:14

Not too far away.

[onjohn] 25/4/2019 16:40

I am expecting it to hit 75p tomorrow and 90p next week

[opodio] 25/4/2019 14:20

ready to pop PER of 8 mmm

[opodio] 24/4/2019 14:52

UP Global Sourcing (UP) has issued a strong trading update for the six months ended 31st
January 2019, confirming the momentum reported in its surprise post-Christmas update
(7th January) has continued. Underlying sales have increased by +20.8% (actual sales
+36.0% to £65.8m), with “good growth” reported from all the Group’s strategic pillars,
particularly with international customers. With EBITDA guided to be “above” current
market expectation, we are again raising our EBITDA forecast by 10% to £8.6m, which
takes CPTP to £7.2m and EPS to 6.9p, a 11% EPS upgrade on recently raised expectations.

With very strong trading momentum, a broadening customer base and an attractive multi-
pillared growth strategy a July FY2019 PER of 8.4x, falling to 8.0x appears very

undemanding.

[opodio] 23/4/2019 08:55

I cannae hold her captain

She’s gonna blow

80 is coming

[opodio] 23/4/2019 08:55

Buyers starting to nibble

[sharesoc] 22/4/2019 14:14

ShareSoc have arranged a company visit to Ultimate Products (UPGS) on 14 May 2019. More details and registration here:

[opodio] 17/4/2019 18:52

Luce going beserk