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
  +0.10p +0.29% 34.25p 22,833 16:35:15
Bid Price Offer Price High Price Low Price Open Price
33.50p 35.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 109.95 7.43 7.20 4.8 28.1

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Date Time Title Posts
19/10/201817:19Ultimate Products,let's hope so1,677

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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 34.15p.
UP Global has a 4 week average price of 30p and a 12 week average price of 30p.
The 1 year high share price is 99p 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 73,926 shares. The market capitalisation of UP Global is £28,143,088.
ianio5691: UP Global Sourcing Holdings plc (LON:UPGS) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of UPGS, it is a financially-sound company with a a strong track record of performance, trading at a great value. Below is a brief commentary on these key aspects. Undervalued with excellent balance sheet UPGS delivered a satisfying double-digit returns of 50.3% in the most recent year Unsurprisingly, UPGS surpassed the Retail Distributors industry return of 16.6%, which gives us more confidence of the company’s capacity to drive earnings going forward. UPGS is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is a crucial insight into the health of the company. UPGS seems to have put its debt to good use, generating operating cash levels of 1.34x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows. UPGS’s share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of UPGS’s earnings, investors now have the opportunity to buy into the stock to reap capital gains. Compared to the rest of the retail distributors industry, UPGS is also trading below its peers, relative to earnings generated. This bolsters the proposition that UPGS’s price is currently discounted.
ianio5691: UP Global Sourcing Holdings PLC Ultimately, there is Growth Ultimate Products Global Sourcing Holdings PLC (UPGS) looks well placed to return to growth. UPGS enjoys a combination of well-known household brands, a proprietary approach to managing those brands, and significant growth headroom within its distribution channels. Moreover, after a challenging H1, sales trends improved in FY2018 H2. With a strong management team and, arguably, an attractive valuation, the shares should attract investors’ attention. UPGS is a consumer goods company with a robust portfolio of household durable goods brands. Its premier offering includes Beldray, Salter, Russell Hobbs, Intempo and Progress. Uniquely, the company offers these brands at attractive prices and in categories which expand the overall footprint of the brand names. In our view, UPGS’s brand management approach positions these key names for growth but in a way which will generate shareholder value. UPGS’s portfolio should experience what we refer to as mature market volume growth, which is arguably the strongest driver of value creation in the UK consumer goods sector. Overall management quality tends to be confirmed by clear vision and smart strategic positioning. UPGS’s FY2018 disappointed relative to initial expectations, notably in the first half. But its share price may have been unfairly hurt by general investor nervousness about UK consumer stocks. With scope to recover sales in FY2019 and grow in FY2020, the shares arguably command a valuation significantly in excess of where they currently trade. Our forecasts for FY2018 – partly covered in the company’s 10th September 2018 trading update – and FY2019 are summarised in the valuation box below. In our view, both the P/E ratio and dividend yield look attractive in the context of the nature of the company’s business and potential for near term recovery. Given the UK retail climate at the moment, it is challenging to set a precise value on the shares. But to give some guidance we look at our revenue estimate for FY2019 and, even applying a conservative 1x EV/sales multiple, come out with a share price of £1 per share. Furthermore, we are encouraged by the resilience that UPGS has shown in these challenging times when others have floundered. We highlight the strength of their balance sheet, as well as their ability to adapt quickly to external challenges - e.g. by focusing on international and online opportunities.
lammylover: Share price being played by algo trades - 5 buys to 1 sell today. I'd expect to see some big late buys later at low price created by the ATs
topvest: I think its worth at least double the existing share price and £1+ in due course, once it starts growing above £100m turnover. Remember there will be a Kleeneze relaunch late 2019 or 2020. On a P/E of 5 its clearly undervalued. 10 is about right. 15 when it starts growing.
lammylover: Just checking the numbers - Revenue 2016 H1 42.0m, H2 37.0m FY 79.0m. Revenue 2017 H1 68.1m (described by BOD as unusually strong) H2 41.9m, FY 110.0m. 2018 H1 48.4m H2 39.2m FY 87.6m. So revenue up 8.6% over 2016, but down 20.4% over 2017 which was a bumper year. This looks like we have stabilised the ship and starting to turn it around. EBITDA not quite so good - 2016 H1 5.0m, H2 3.2m FY 8.2m; 2017 H1 8.8m (unusually strong), H2 2.7m, FY 11.5m; 2018 H1 4.5m, H2 2.0m FY 6.5m - but at least profitable. I reckon this should be good for a share price recovery now as next results 6th November compare against poorer comparitors than 2017 which was a bumper year and we are back in growth again. Particularly like fact that "order book is ahead of this time LY". Surely got to be worth 50p plus? Rich
lammylover: I'm expecting a trade update around Monday 10th September, if last year is anything to go by. Hopefully things will have stabilised in terms of revenue and sales in France / Germany will be lifting fast. Every time I look at the website, they are recruiting new people, so seem to be planning for expansion. The share price is so frustrating, as the MMs won't move up when there is high demand and often don't even have shares available. But are happy to slam the price into the decks on a few sales. I hope we are seeing the last of the tree shakes to scare a few more PIs into selling, before we move back to 40p+. Rich
lammylover: I wonder if Black Rock are selling their remaining <5% shares (as declared by the RNS in Feb), thereby stopping the UPGS share price rising? Today the UPGS employee benefit fund declared a buy of over 2m shares at 37p for the company' share performance plan and yet the share price still doesn't move... Either the MMs have more to sell, or are holding the price back for some reason? Perhaps they want to acquire more cheap stock to sell when they are ready to bounce the price up above 40p again. Rich
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
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: 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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