Up Global Sourcing Share Discussion Threads

[sphere25] 26/10/2020 15:58

It is getting very edgy out there in wider markets. Infections rising, more lockdowns across the globe, three tiers not being enough here, double dip recession and so on and so forth.

Dow off 700 atm. Can't make a call on one days action, and still very resilient overall, but markets do feel alot nervier now. Usually tighten things up if the selling does escalate from here.

However, I'd be a buyer of UPGS if there are any opportunities forthcoming. The daft sod ran away when the offer was at 91 a short while back, leapt up to near 98 I think it was in a flash :-D

[quepassa] 26/10/2020 13:14

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

[robow] 26/10/2020 12:50

results on the 3rd Nov I think

[sphere25] 26/10/2020 12:42

Some notable buying here today with 249k traded early on. Can often have next to nothing traded with this one, but it's still farting around with that £1 mark atm. Hopefully pop through soon, but the mind boggles at the number of times these psychological marks like £1 play a big role in the short term movements of a share.

Clearly it shouldn't mean anything (just like particular technical indicators), but we have to pay attention to them because clearly herd mentality is very prominent in financial markets.

[deanowls] 23/10/2020 18:28

Was mentioned in the PI podcast yesterday. Seems good value and with results next couple of weeks a good time to load up.

[gnome3] 16/10/2020 13:13

Yes, totally agree. There’s a lot to like about UPGS, good management team, great approach to training and developing staff and the fundamentals make it look undervalued. Add to that the tailwind of increased spending on household goods and things look very positive.

[topvest] 15/10/2020 20:44

Yes, all bodes well for UPGS.

[quepassa] 15/10/2020 08:52

And more evidence of a popping home retail sector...


AO World are UP 10% this morning on the back of an astonishingly strong Half Year Trading Update.

Extract here:-

"HALF YEAR TRADING UPDATE

AO World plc (the "Company"), a leading European online electrical retailer, today issues the following trading update for the six months ended 30 September 2020.

- We expect Group revenue for the period to be in the region of GBP715m, an increase of c.57% YoY*

o UK revenue increased by c.54%"


See AO's RNS for full details.

The growth in those sales figures is astounding,


Dunelm and AO corroborate SECTOR OUTPERFORMANCE.


ALL IMO. DYOR.
QP

[quepassa] 15/10/2020 08:17

More positive cross-sector feedback from the home retail sector.


Superlative figures from Dunelm today which are a major seller of kitchenware and retailer of UPGS goods and brands.

Dunelm sales up a whopping 37% in the Quarter ending September 26th.


Dunelm feature on the UPGS website on their "World-class customers" web-page:-

hXXps://www.upgs.com/global-markets/




A rising tide lifts all boats.


ALL IMO. DYOR.
QP

[sphere25] 06/10/2020 14:32

Test of that key £1 level coming up

[sphere25] 01/10/2020 15:28

The offer ran away yesterday shooting from 90.4 to 99 on next to nothing buying. It is correcting abit today (currently at 95) so will be looking to add shortly - thought it got away.

[robbnw] 30/9/2020 22:52

Guess John will be Silent again Once again mr negative proven wrong

[sphere25] 30/9/2020 15:42

The sell off from 115 looks unwarranted imo.

A little bit of activity here. Been buying but not easy to buy in size.

EDIT: Price has popped shortly after with a move up of 6.2% @95.6p. Nice initial move but holding onto these for a break of that recent high at 115. Results are due on 3rd November, another upgrade then or shortly after imo.

Alot of momentum here. Been buying TSL, WIN and KAPE for similar reasons in that the price looks cheap (or has sold off) with forecasts being upgraded and further upgrades to come which aren't priced in by the market imo.

Let's see how we go.

DBAM DYOR

[texaspete2] 29/9/2020 16:45

Yes I see an opportunity here. we are all going to be at home some more and this company sells products for use within the home. i like how they have given us Profit before tax numbers at 8.2m ahead of full year results in November and at a 73m mkt cap this seems good value to me. I guess retrace has been due to Ennismore sell off, hopefully this is cleared now. gla

[quepassa] 29/9/2020 16:33

Read this article from Bloomberg today:-

hXXps://www.bloomberg.com/news/articles/2020-09-29/eating-in-and-a-new-ceo-are-recipe-for-368-tupperware-rally


Sector feedback and likely read-across for UPGS.

ALL IMO. DYOR.
QP

[sphere25] 29/9/2020 13:05

Opportunity here?

Price off 22% from the highs with the company showing a great deal of resilience having upgraded forecasts in both June and July and also then being a decent amount above the July's forecast just one month later in the Sep pre-close update.

Seems to be alot of momentum here, and with the order book ahead of last year, possibly more upgrades to come. The P/E multiples of 10.6 and 10 for 2021/22 look value, particularly in light of the current moment and growth that is pencilled in here. Dividends shows confidence with 4.7% and 5% for the next two years too.

It doesn't look excessive. Recent sell off could be providing a few to average into.

DBAM (Don't be a moron) always DYOR

I'm going with that in future DBAM DYOR :-)

[coppertrader] 29/9/2020 07:41

good results at B&M this morning.

[geraldus] 27/9/2020 13:21

It's going to be key tapping Christmas.Hope stocks levels are high.

[robbnw] 26/9/2020 22:31

Lol being Sarcastic of course Are you ever happy

[robbnw] 26/9/2020 22:30

Not like you to be negative John ?????

[john09] 24/9/2020 21:52

It’s a glorified market stall in Bolton somehow commanding £71m market cap

Each to their own

[topvest] 24/9/2020 21:40

It was overdue a pull-back. Trend is still excellent. The business is worth £2+ in the medium term in my view, so more than happy to sit tight.