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UPGS Up Global Sourcing Holdings Plc

120.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Up Global Sourcing Holdings Plc LSE:UPGS London Ordinary Share GB00BYX7MG58 ORDS 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 120.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
114.50 120.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 120.00 GBX

Up Global Sourcing (UPGS) Latest News

Up Global Sourcing News

Date Time Source Headline
23/11/202307:00RNSNONUltimate Products PLC Investor Presentation at MelloLondon

Up Global Sourcing (UPGS) Discussions and Chat

Up Global Sourcing Forums and Chat

Date Time Title Posts
28/3/202413:29Ultimate Products,let's hope so3,133

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Up Global Sourcing (UPGS) Most Recent Trades

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Up Global Sourcing (UPGS) Top Chat Posts

Top Posts
Posted at 26/10/2023 09:29 by dan_the_epic
If Mcbride and anecdotes are anything to go by then upgs products are going to be massively in favour as consumers trade down and upgs on track for new record results

next year eps 17.1p forecast 7x earnings the market is bonkers lol. if results are good this could be 140p next week. all ceo presentations already scheduled to boast about the results I see
Posted at 25/9/2023 07:32 by edmonda
"Beautiful products for every European home" - new Paris showroom (note and audio summary here:

UPGS today announced the opening of a new showroom in Paris, which will facilitate the expansion of its leading homeware brands not only into France but continental Europe overall. Furthermore, as demonstrated with Petra in Germany, stronger sales and an elevated business profile expands the scope to make growth-oriented acquisitions in the region.

We continue to place a fair value of 250p for UPGS’s shares, which in our view is reasonable given it implies 1.3x sales and 11x EV/EBITDA based on our FY2024 forecasts. Investors should also note that the company’s two most recent updates included better than expected outcomes on net debt and sales growth.
Posted at 19/9/2023 12:31 by kingfisher99
I cannot understand why the UPGS share price seems to creep up during trading and then fall sharply towards the end of the day with a general trend over the last few months downwards. Does anyone have any thoughts?
Posted at 15/8/2023 14:44 by km18
UP Global Sourcing Holdings plc issued a trading update for the financial year ended 31 July 2023. Unaudited Group revenues increased 8% to a record £166.3m driven by exceptional growth at the Group's online division, where revenues were up 64% year-on-year, together with an improved sales mix. Revenue growth in the period was achieved with no overall price inflation helping to keep the Group's branded homeware products at prices which are attractive and affordable to consumers. Unaudited adjusted EBITDA increased by 8% to a record £20.2m, in line with market expectations, while unaudited adjusted PBT increased by 6% to £16.8m (FY22: £15.8m), also in line with market expectations. The balance sheet remains healthy, at the year end, the Group had a net bank debt of £14.8m (FY22: £24.3m), which represents a net bank debt / adjusted EBITDA ratio of 0.7x (FY22: 1.3x). Valuation is attractive with forward PE ratio at 8x top quartile for the Household Goods sector. Current trading for FY24 is in line with market expectations. Share price lacks momentum at present, but UPGS is certainly a share worth monitoring for the longer run...

...from WeatlhOracle
Posted at 15/8/2023 07:36 by edmonda
Second half 15% sales growth beats expectations - new research report & audio summary here from Equity Development:

UPGS comfortably beat full year FY2023 expectations for sales revenue in a trading update released today, as H2 sales accelerated sharply to show 15% growth compared with 2% in the first half of the year. Importantly, this growth was achieved despite no overall price inflation as the group sought to sell its branded homeware products at prices that would be affordable to consumers. In our view, the ability of a consumer goods company to generate sales volume growth in the relatively mature economies of the UK and Continental Europe should be valued highly.

Profits were in line with expectations. Online revenues were notably strong and increased by 64% in FY2023.

With robust finances and a clear message that the UPGS brands are delivering brisk sales growth, we reiterate our 250p fair value for the shares.
Posted at 17/7/2023 07:39 by edmonda
"Debt reduction confirms financial strength" (new note from Equity Development:

UPGS announced a significantly better-than-expected improvement in its debt position today. Net FY23 year-end bank borrowings are expected be in the region of £15m compared with current market expectations of closer to £21m. The financial benefits of lower net debt in the current climate of rising interest rates are clear.

UPGS’s cash generation capabilities not only underpin its generous dividend policy (50% of net profits) but also enhance strategic flexibility. The company is not only able to weigh up the relative benefits of increased pay-outs to shareholders (e.g. a higher dividend pay-out ratio or share buybacks) but also to take advantage of potential acquisition targets on offer.

Today’s announcement reinforces confidence in both our own and consensus FY2023 forecasts being achieved. Our 29 March 2023 report commented that a £163m full year revenue figure would require double-digit growth in the second half. Given that UPGS expects its end-year FY2023 net debt:EBITDA to be 0.7x (vs. 1.3x a year earlier), we infer that the company itself shares our confidence. Second half sales growth clearly accelerated sharply.

A combination of strong sales growth and associated financial strength is central to the investment case for UPGS’s shares as the company strives to deliver affordable “feel good” branded products for every home. We reiterate our fair value of 250p; this valuation implies 1.4x EV/sales and 11.7x EV/EBITDA using an improved £15m end-FY2023 net debt estimate.
Posted at 15/7/2023 16:39 by kingfisher13
Apart from a couple of minor recoveries, UPGS has continued to slide since the turn of the year for no reason I can establish. I am aware they have changed auditors recently, but this has not affected the overall trend. Has anyone any thoughts as to why this is? They still seem to attract positive comments, but this is not being reflected in the share price.
Posted at 10/6/2023 22:38 by buywell4
Oh look, another ramp for AO from Que passa


QuePassa - 10 Jun 2023 - 21:54:35 - 3081 of 3082 Ultimate Products,let's hope so - UPGS
Frasers Group ( backed by billionaire Mike Ashley) acquires a £75million / circa 19% stake in AO World from Odey Asset Management.

hXXps://news.sky.com/story/ashley-seizes-on-odey-crisis-to-snap-up-75m-ao-stake-12899844


Watch this space.

ALL IMO. DYOR.
QP
QuePassa - 21 Mar 2023 - 16:13:49 - 3064 of 3082 Ultimate Products,let's hope so - UPGS
AO. WORLD

18/08/22 RNS - FULL YEAR TO 31/3/23 GUIDED AT £20m-30m (adjusted EBITDA)
22/11/22 RNS - GUIDANCE INCREASED TO "TOP END OF THAT RANGE" of £20m-£30m
10/01/23 RNS - UNSCHEDULED TRADING UPDATE - FURTHER INCREASE GUIDANCE TO £30m-£40m
28/02/23 RNS - TRADING UPDATE AND YET FURTHER INCREASE GUIDANCE TO £37.5m-£45m


Cannot recall ever seeing three consecutive increases to earnings guidance with such rapidity.


ALL IMO. DYOR.
QP
QuePassa - 21 Mar 2023 - 15:06:08 - 3063 of 3082 Ultimate Products,let's hope so - UPGS
Ten days ago, Director Buying of 500,000 AO World at 66p.
QuePassa - 28 Feb 2023 - 11:11:19 - 3047 of 3082 Ultimate Products,let's hope so - UPGS
Take note.

Sector peer, AO World UP by 25% today on back of following RNS:-



Trading update and Increased Profit Guidance

AO World plc ("the Company" or "AO"), a leading online electrical retailer, today issues the following trading update, increasing our profit guidance for the year to March 2023.

Consistent with the themes set out in the trading statement issued on 10 January, we continue to see traction from the initiatives taken by the business to reduce costs and improve margins.

Margin improvement initiatives coupled with a continued resilient underlying customer base has driven higher retail gross margins than previously expected and we anticipate that this will continue for the remaining five weeks of the financial year. The steps we have taken to simplify the business and become more efficient have outperformed expectations and been delivered quicker than expected. Mobile RPI price increases have also been slightly higher than our prudent forecast.

Accordingly, the Board now expects Adjusted EBITDA (1) to be in a range of GBP37.5m to GBP45m for the full year, an increase to the previous guidance (2) that we gave in January 2023.
QuePassa - 10 Jan 2023 - 07:39:23 - 3012 of 3082 Ultimate Products,let's hope so - UPGS
Today:-

AO WORLD PLC

Unscheduled Trading update and Increased Profit Guidance

AO World plc ("the Company" or "AO"), a leading online electrical retailer, today issues the following unscheduled trading update for its third quarter, the three months to 31 December 2022, increasing our profit guidance for the year to March 2023.
QuePassa - 23 Nov 2022 - 17:57:11 - 2985 of 3082 Ultimate Products,let's hope so - UPGS
Sector peer, AO.

Up another 12% today at 68.5p.

Now approaching +40% since mentioned by me two weeks ago at 50p.
QuePassa - 22 Nov 2022 - 16:29:20 - 2983 of 3082 Ultimate Products,let's hope so - UPGS
AO.

+ 16% today
Posted at 17/2/2023 18:49 by andyjenkins01
Who knows with this one. I really like this company and have been holding for a year and thought the recent share price rises to 165-170 justified but a 20% drop in share price over a week based on this inline statement seems ridiculous to me and given the fragility of the share price I have no idea where it will end up. Think I’m out for now.
Posted at 26/10/2020 13:14 by quepassa
AO WORLD going ballistic.

AO has almost quadrupled to 375p from where it started in January at 95p (pre-pandemic) this year.

UPGS, selling smaller kitchenware and household items, will undoubtedly be experiencing the same pandemic-led consumer demand to upgrade household appliances, wares and materials.

No reason why the UPGS share price shouldn't follow suit and rapidly double or more in my view.

A great consumer demand for their products is undoubtedly there.


ALL IMO. DYOR.
QP
Up Global Sourcing share price data is direct from the London Stock Exchange

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