Share Name Share Symbol Market Type Share ISIN Share Description
UP Global LSE:UPGS London Ordinary Share GB00BYX7MG58 ORDS 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.60p +1.38% 44.10p 122,035 16:35:21
Bid Price Offer Price High Price Low Price Open Price
43.30p 44.90p 43.60p 43.30p 43.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 110.0 7.4 7.2 6.1 36.24

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Date Time Title Posts
27/5/201818:33Ultimate Products,let's hope so1,499

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UP Global Daily Update: UP Global is listed in the Support Services sector of the London Stock Exchange with ticker UPGS. The last closing price for UP Global was 43.50p.
UP Global has a 4 week average price of 36.20p and a 12 week average price of 29.60p.
The 1 year high share price is 228p while the 1 year low share price is currently 29.60p.
There are currently 82,169,600 shares in issue and the average daily traded volume is 350,857 shares. The market capitalisation of UP Global is £36,236,793.60.
douglas fir: UP Global Sourcing Holdings (LON:UPGS) Share price: 37.9p (+5%) No. of shares: 82 million Market cap: £31 million Interim Results This share price has tanked horribly since IPO. I'd be surprised if IPO investors didn't feel like they had been mugged: 5ae6f38d9f1d9UPGS_20180430.PNG It's an Oldham-based distributor of cheap consumer brands. In February, on the back of the latest profit warning, I said that it was arguably in value territory at a share price of 33p. This seemed to finally reflect the company's limited pricing power (its products sell at just a small premium to retailers' own-brand products), and the low rating gave a potentially attractive risk:reward. Trading for the financial year 2018 (ending July) is in line with (reduced) expectations. The company's economic commentary is extraordinarily bearish, given that we still aren't in recession. Imagine how companies like this will report if/when a recession hits? The decline reflects the much tougher trading environment for general merchandise in the UK, with wage inflation running behind general inflation. Discretionary spend has been under pressure and consumer confidence has therefore been lower than it has been for some time. As a consequence non-food sales have declined as consumers have prioritised food purchases. The gross margin is flat at c. 22%, which helps to quantify the very limited pricing power of the company's products. The share price now looks like it probably reflects this. Profit for the six-month period falls out at £3.1 million, or £2.7 million if you include losses on hedging instruments (due to the rising pound, I guess). The balance sheet seems strong enough - a positive equity position worth £6.75 million, not using too many fixed assets. Borrowings are used to finance invoices and imports - fair enough. Overall, my stance is unchanged. I think this has fallen to levels where shareholders can potentially do well. For a variety of reasons, including low visibility, it's never going to be a super high-quality investment. But maybe the share price more than fully compensates for this now? Stockopedia computers recognise good value: 5ae6fa0268a2fUPGS_20180430_SR.PNG
greenknight1: Given where the share price is this is a very encouraging update. No further bad news which I think people were scared of. Great news of significant German expansion and dividend payment retained. I would like to think the market will react very positively.
kirk 6: We do know it's going to be pretty grim reading but the market has priced it in and more so any hint of a recovery will see the share price take off
topvest: At least Paul Scott has dipped his toe in the water... "My opinion Firstly, this is a horrible turn of events for those who invested in the IPO (at 128p), expecting immediate growth. However, with the share price just a fraction of that level now, it is arguably in true value territory. The brands owned by UPGS may not be high-end but they do sell at a small premium to retailer "own-label" products. So there is some value at the core of this company, in addition to the supply chain expertise of the managers. Paul has dipped his toe in the water, and I agree that these shares are worth investigating."
eastbourne1982: topvest, Fair play for posting when the share price is tanking. Like you I do look to buy after profit warnings / issues hammer the share price. The problem here is that I don't trust the management one bit, reminds me a bit of ENTU. Any thoughts on something like TATE.
lammylover: Hi John, I got the same response. Can't get my head around this share price. I know there has been a consistent big seller out there, but surely another II would have snapped up a big volume at the low price that he seems to be prepared to take? We know the retailers have had a mixed bag of results over Xmas (B%M and discounters good, Supermarket okayish, high street retailers poor) but surely this is all priced in the share anyway? Share price was holding around 90-100p after the original "no growth next year" warning, dipped a bit and then back up to the high 90's when TU in November plus big Director buys at 93.25p were announced. What has changed since then, other than 1 big seller wanting out at stupidly low prices? My research today shows that UPGS are currently advertising for 15 new people including 2 new Sales Managers for France and Germany as part of their European expansion plans. New German office will be ready in the Spring and planning for a large sales team to be appointed. Surely if things were as bad as share price suggests, there would be a recruitment freeze?
muzmanoz: PUG which customers are these? B&M had good trading figures. Supermarkets fared pretty well. Robert Dyas had good results? Which other customer/competitor has seen its share price drop over 60% in 5 months. I'd like an update just to understand what's going on and what management are doing although I appreciate that might be wishful thinking and that the company might be as bad as its share price suggests.
muzmanoz: Yes, we need further news. H1 ends at the end of January. Maybe they are focusing on getting those numbers out but it seems like they don't do trading updates unless they consider there is fundamental news. Worth remembering that EPS for H1 2016 was 7p and the current share price is 74p. Non exec directors bought in November at 93p. But then I am a holder and the current share price is frustrating! I'm new to investing but they did get a share buy back resolution approved at the AGM. Is this standard?
lammylover: Hi Spider! The proposal to buy back shares was one of the resolutions at last Friday's AGM. As far as I'm aware there are no plans to buy back yet, but the fact that proposal was approved gives BOD an option to do this if they see fit. I would have expected the share price to start rising again by now following the AGM. I suspect there is still a big seller out there.....! Anyway, I'm holding for a share price recovery and dividend in January. Also the BOD bought a huge amount of shares at around 93p only a month ago, so they believe there is value to be had here, even if share isn't fancied by the market at present. Buy and hold for me at 80p. Bargain! Rich
muzmanoz: I've just been to my local B&M. It might be my bias having watched the UPGS share price fall, but there seems to be a lot more Goodmans branded products.
UP Global share price data is direct from the London Stock Exchange
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