Up Global Sourcing Share Discussion Threads

[haroldthegreat] 25/12/2023 12:48

Design fault or manufacturing fault ?Are withdrawing all ,not just selected batches

[galatea99] 17/12/2023 12:07

Recall notice issued for Beldray and Salter cordless vacuum cleaners in UK and the ROI. Both are UP brands. More than 20k units involved in ROI alone.



I suppose the cost of this will be borne by the manufacturer and not by UP itself.

[eeza] 31/10/2023 16:40

Excellent Dr B, thank you.

[dr biotech] 31/10/2023 16:14

I've started a new thread here, using the new ticker. So that should be seen by anyone looking at the quote etc.

[epo001] 31/10/2023 10:11

ULTP!!

Can we change the board name including "(was UPGS)" for people doing searches?

[dr biotech] 31/10/2023 10:09

There's a lot of interesting stuff in their results - homeware sales have fallen - assume thats largely the brands that are down. Thats been evident in other companies such as procook. Introduction of 600 new products a year - wonder how many of those are successful. These allow them to rebase prices to account for inflation.

I like the management here - hopefully the share price will rerate at some point. Single figure PE based on actual profit (not adjusted) seems unjustified.

[patient fox] 31/10/2023 09:39

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.

[eezymunny] 31/10/2023 08:23

Indeed student. Salter hitting it out of the park, however. Just for balance (excuse the pun)!

[studentinvestor13] 31/10/2023 07:46

the problem is many of the brands made lower revenue in fy23 than before#
Beldray down compared to last year
Russell hobbs down compared to last year
Progress down compared to last year

[edmonda] 31/10/2023 07:33

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:

[dr biotech] 31/10/2023 07:20

Looks decent to me, PE of 8, rising sales and low debts. What’s not to like?

[epo001] 27/10/2023 10:24

Changed from Ultimate Products Holdings, do we get any say in how they structure themselves behind the scenes?

[topvest] 26/10/2023 21:59

Name change to Ultimate Products plc just filed at Companies House. Not announced, unless I have missed it. Shareholders should be voting on this, so looks like its been filed incorrectly as it should have been with the AGM resolutions? Oops!

[kingfisher99] 26/10/2023 15:23

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.

[dan_the_epic] 26/10/2023 09:29

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

[2wild] 16/10/2023 20:32

Money to burn

[epo001] 16/10/2023 18:03

Appoints joint broker. What does that usually mean?

[pireric] 15/10/2023 11:39

Re: Wilko



"An Ultimate Products spokesperson said: “We were very sorry to see the demise of Wilko. When the business fell into administration, UP was owed around £50,000, which is a small amount in the context of our yearly sales of around £160m.

“This was covered by our existing expected credit loss provision, so the company is unimpacted. UP continues to hold credit insurance on around 99 per cent of the total amount due from our customers, which limits the risk for our stakeholders when these situations arise.”

Eric

[dan_the_epic] 28/9/2023 10:23

share price trends have been rather weak for the last few months. Disappointing

[edmonda] 25/9/2023 07:32

"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.

[2wild] 23/9/2023 16:35

fantastic time to accumulate as long as you can stomach short-term losses. As no one knows when the Tide will turn. UK smaller companies, in particular, are so out of fashion. It's irrational.

[patient fox] 19/9/2023 15:51

When I watched the investor meets company interview they said they make more money in bad times.the focus of their products is to save the consumer money.