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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Up Global Sourcing Holdings Plc | UPGS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 120.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.00 |
| Top Posts |
|---|
Posted at 31/10/2023 10:11 by epo001 ULTP!!Can we change the board name including "(was UPGS)" for people doing searches? |
Posted at 31/10/2023 09:39 by patient fox Trend selling product's such as the air fryer will always tail off in terms of sales.solid results, growth in France and Germany to come?.dividend whilst we wait. |
Posted at 31/10/2023 07:33 by edmonda Strong sales growth, sustained profit margins and abundant free cash flow were key features of the (newly named) Ultimate Products FY2023 financial results. Moreover, the company combined significant advances with its brand portfolio with operational efficiency improvements, both in the UK and internationally.The results confirmed the Company’s 15th August trading update, as sales advanced 8% and the EBITDA and pretax profit measures were £20.2m (+8%) and £16.8m (+6%) respectively. Net bank debt closed the year at £14.8m compared with £24.3m at end FY2022 and was lower earlier in the year. Robust underlying free cash flow is consistent with a proposed 7.4p full year dividend, in line with UP’s 50% pay-out policy. Profitability benefited from a number of initiatives in FY2023, as well as a focus on continuous improvement. Importantly, last year’s sales growth was not driven by price inflation. Given the company’s confidence that it will meet expectations in FY2024 and a visible growth trajectory, we reiterate our 250p fair value for the shares. Link to research report: |
Posted at 26/10/2023 15:23 by kingfisher99 I felt there have been positive indicators for UPGS for a while now, but they continue a pattern of falling. I certainly hope there is some really positive news in their full year results. However much I would like to see them climb to 140 (and beyond) soon, I am not overly hopeful. |
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 resultsnext 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 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 14/6/2023 12:20 by edmonda UPGS - "Innovating for growth"UPGS hosted a capital markets presentation at the Exclusively Homewares exhibition in London’s Business Design Centre yesterday to discuss the upcoming re-brand of Salter as part of its overall brand rejuvenation programme. Having confirmed its expectations for FY2023 financial performance in a statement the previous week, prospects for a strong second half to the year remain in place. UPGS’s belief that it will match market expectations in FY2023 is important. With an end-July year-end the company has significant visibility regarding the FY2023 H2 trading period. A £163m full year revenue figure would require double-digit growth in the second half, which would be impressive and something that the business is clearly confident of achieving. Accelerated sales momentum in FY2023 H2, prospects of major benefits from a holistic approach to brand management and sustained commitment to serving the mass market with affordable “feel good” products for every home reinforce our view that fair value for UPGS’s shares is 250p. We base this view on 1.5x EV/sales and 12.2x EV/EBITDA. Link to note with audio summary: |
Posted at 10/6/2023 22:38 by buywell4 Oh look, another ramp for AO from Que passaQuePassa - 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 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 01/4/2023 07:28 by tole https://masterinvest |
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