Up Global Sourcing Share Discussion Threads

[texaspete2] 14/12/2020 14:20

New 52 week high reached earlier and high volume, bodes well for the price to hold, fingers crossed, gla

[topvest] 14/12/2020 08:27

Yes, all very positive indeed. This company has a winning product range and strategy.

[tallprawn] 14/12/2020 08:10

Nice update this morning - It's ex-divi on the 3rd Jan also so should see a nice run up here over the next couple of weeks.

[quepassa] 14/12/2020 07:24

Wake up and smell the coffee.

An UNSCHEDULED Trading Update to say that results are anticipated to be "ABOVE MARKET EXPECTATIONS" is extremely bullish and shows a lot of confidence.

Excellent news.

Post 2570 refers. - Looks like they are beginning to get online sales more focused, more prioritized leading to higher internet sales. But more work still needed here.


ALL IMO. DYOR.
QP

[dr biotech] 14/12/2020 07:04

That’s an excellent trading update, I needed some good news.

[geraldus] 09/12/2020 21:43

Presentation was quite an eye opener,they are certainly focussed.The worry is a bad Brexit and a total reliance on imports with blocked ports and container shortages.Even though they may have good relationships with suppliers the CEO admitted they had experienced problems and this may only get worse.I won't be buying back in a hurry. Gla.

[topvest] 09/12/2020 20:30

Yes, it was a shame that the picture resolution was so low. Something to improve for the next one, no doubt!

[shanklin] 09/12/2020 11:24

topvest

Yes, certainly worth watching.

Just a shame the video was not shot in stronger light and with a better granularity picture.

Quite difficult to see a lot of the products that were being displayed.

Still definitely a plus overall.

[dr biotech] 02/12/2020 21:58

There was no trading update at last years AGM, just an anouncement of the votes.

[topvest] 02/12/2020 21:36

The showroom virtual tour is well worth listening to. Reinforces my view that this company is a real winner!

[coppertrader] 01/12/2020 08:12

UP Global Sourcing – what are the longer-term prospects likeThe owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, UP Global Sourcing (LON:UPGS) will be holding its AGM on Friday 11 December.It has faced up well to its retailer clients' demands in these difficult times. In the short term, market conditions for general merchandise, they say, look set to remain challenging in both the UK and in Europe.But the group's management have confidence that they will ride it enough to be able to enjoy the longer-term prospects.Estimates for the current year to end-July 2021 look for a £7m rise in sales to £123m and pre-tax profits of £8.7m (£8.3m). That should increase earnings to 8.4p (7.9p) per share putting the shares at 100p on 11.5 times current year earnings.The shares touched 119p in early September and could well be up there again on the back of a good AGM statement.(Profile 13.07.20 @ 74.8p set a Target Price of 100p*)

[robbnw] 23/11/2020 09:00

They already own a stack

[robbnw] 23/11/2020 08:59

Great recommendation in the SCSW this weekend . Nice article and a strong BUY recommendation

[ramellous] 13/11/2020 13:17

Aye aye what’s going on here then? Nice jump.

[topvest] 04/11/2020 19:34

It looks like the FY21 analyst estimates are unchanged. A couple of growth opportunities that stood out for me.

- On-line and supermarket growth.
- Resilience in their model (on-line and supermarkets massively up balanced out the downward movements on International and Discounters. Expect supermarkets to decline next year and maybe Germany to bounce back.
- German market - massive opportunity.
- Converting Progress (£4m sales) and Kleeneze (£1m sales) into bigger brands.

What I really like about the UPGS business model is that they buy brands for virtually nothing and then relaunch. Its got some similarities to Sports Direct in that regard.

Kleeneze was purchased for only £0.1m. At one time it was a £100m sales business on its own and does have a lot of brand recognition for anyone over 45!

Progress is a long established brand that was purchased for virtually nothing from the administrator. This is a really smart way of doing business.

Lots of people still perceive UPGS as a distributor. That applies to Salter and Russell Hobbs but they own all the other brands. They are also a brand owner. At some point they will get re-rated to take that into account.

StockRank 99/100 on Stockopedia...nice!

[edmonda] 04/11/2020 09:54

The management of Ultimate Products discuss their full year results, and the development of the business since IPO four years ago into the brand led business that it is today. They also touch on Brexit and its possible impact, as well as delving into the growth in the supermarket and online channels, while sketching out the extent of the opportunity internationally.

[dangersimpson2] 03/11/2020 10:39

There is nothing new in the results given that the main figures were in the trading statement. The share price had been strong in anticipation of these results so I guess people were expecting a strong outlook. Whereas, the real outcome was a small dividend cut and "challenging" market conditions outlook.

"In-line" with Equity Development forecasts still leaves FY21E revenue lower than FY19 and EBITDA slightly higher. In FY19 the share price ranged from 32p to 86p.

ED have this on a forward EV/EBITDA of c.8, which while not outrageously expensive isn't particularly cheap either for this type of business. I would argue that the market is still pricing this as if it will beat the ED forecast, which it may do. But if it misses or is only in-line then expect further falls like today. Therefore the risk-reward doesn't look favourable at current prices to me.

[epo001] 03/11/2020 10:37

Proposed final dividend: 2.795p.

[blueflame] 03/11/2020 08:37

Yes very strange reaction to an excellent set of results in the middle of a Pandemic.

[sphere25] 03/11/2020 08:13

Wow, bonkers reaction.

That's one of the standout performances of the pandemic with the shift in product mix helping to increase margins resulting in profit being higher. Note the continued growth in online and shift to home cooking.

Ok forward guidance only in line, expected more but still hardly expensive in light of the resilient performance, valuation and a nice dividend yield to boot.

[dr biotech] 03/11/2020 08:11

I don’t understand the reaction this morning. The results match the previous trading update, what was expected? Outlook seems decent enough.

[edmonda] 03/11/2020 07:53

Some journey since IPO, but they have proven themselves nimble and capable of developing brands which continue to deliver growth in its four verticals, with online & supermarkets growing to nearly 40%, crucial in lockdown times.

[geraldus] 30/10/2020 15:52

Not forgetting the live presentation at 11am on that day also.

[sphere25] 30/10/2020 15:36

Another 400 off the DOW - nop still no opportunity here. You're all as cool as cucumbers!

Hopefully won't have to keep posting these terrible index moves. Clearly some drama in the near term but everyone knows the drill now, even IF the indices fell significantly, good ole FED will pump a few more gazillion in and then fiscal stimulus would all of a sudden fall into a place and it will be happy days again.

Not long to the results now on the 3rd November. I will be very interested in that outlook statement.

Have high hopes for this one. Hopefully positive fireworks to follow.

[sphere25] 28/10/2020 14:49

It is getting uglier out there, another 800 off the DOW, but can key supports hold in the US? Draw those support lines

Plenty of plunges out there now but....

Nop, no opportunity here to add yet.

You're all far too calm and civil.

Panic panic Mr Manwearing! ;-)