Up Global Sourcing Share Discussion Threads

[quepassa] 22/11/2022 16:29

AO.

+ 16% today

[robow] 18/11/2022 09:13

SNWS, DOCS, SMWH, HFD, SMDS,

[johnrxx99] 18/11/2022 04:28

And the other 5 were?

[robow] 17/11/2022 11:02

from Shares magazine
Six UK share to buy now:markets are starting to recover

Stocks that offer good dividend growth or a UK base rate-beating dividend yield

UP GLOBAL SOURCING (UPGS) 143.5p

The kitchenware and homeware maker is going from strength to strength with its expanding portfolio of familiar household brands and new products.

Sales are split between UK supermarkets, international markets and online, all of which are growing between 20% and 30%, and the firm has its finger on the pulse as shown by the runaway success of energy-saving products such as slow cookers and air fryers.

By investing in automation to improve productivity and product quality the firm is adding value to its offering and building yet another moat around its business, separating it from competitors. An approximate 5% dividend yield is attractive.

[philanderer] 11/11/2022 00:32

edmonda, thanks for the link.

Just watched it through. Very impressive.

[robbnw] 10/11/2022 23:42

Totally agreeI watched it allSuperb businessSuperb management The share price is undervalued for sure £500m is the target as we heard today

[philanderer] 10/11/2022 15:01

AT buys at 148p just printed

[topvest] 09/11/2022 12:27

Just come off the presentation. They are a fantastic team and company in my view. I'm not positive on consumer stocks, but this must be one of the best consumer stocks out there? Petra looks really exciting. The management team just seem to have such a great focus. I see the ambition is £500m sales or x3 where they are now. I can see them achieving that reasonably comfortably over the next 5-10 years.

[deanowls] 08/11/2022 14:55

Maybe a question for tomorrows and n eat or meet about stock availability. I will have to listen after the event.

[dr biotech] 08/11/2022 14:44

1 Revenue is relevant, but profit is more important. Its seems the only time AO could turn in a meaningful profit was during lockdown where people were forced online. You used revenue as the only metric, which is ridiculous.

2) Except in AO worlds case it hasn't. Revenues fell last year and (as with a lot of companies) they are now using 2020 figures are a better comparison. AO is closing its German business, thats not a sign of expansion and they they had to raise money to restore their liquidity this year.

3)They actually had a good time during lockdown. I suggest you read up a bit on that - two prominent links

hxxps://www.sharesmagazine.co.uk/news/shares/profit-taking-sets-in-at-ao-world-after-lockdown-performance

Or the IC here (sell. Aug22)


4) AO world just sells 3rd party goods. Thats always going to end in a bun fight on price against the likes of amazon. UPGS have their own lable goods.

As you said on here a few posts ago "don't just watch the company, watch the share price." AO world has gone from 400p to 50p what does that tell you?

As I said I have nothing against them and would order from them again. Just not going to buy their shares.

[topvest] 08/11/2022 11:40

Interesting link on air fryers. Suspect that category is helping the revenue line hold-up. As I said, UPGS always seems to have one category or channel that saves the day!

[dr biotech] 08/11/2022 11:19

Comparing capitalisation by revenue isn't relevant - AO world have bought market share in the hope that they will later be profitable. Turnover is vanity, profit is sanity as the saying goes.

UPGS Profit before tax c£16m EPS 14p
AO world loss before tax £30m LPS 6.3p

AO world is mostly bigger ticket items - more people are likely to "make do" in a recession, UPGS is much cheaper per item. Obviously still affected in a downturn.

FWIW I've used AO world a couple of times and they were decent - hope they do well but profitability seems a bit elusive.

[philanderer] 08/11/2022 00:08

Blimey, those air fryers must be flying out. Looking at the website most are 'out of stock'

[robbnw] 07/11/2022 23:14

Brilliant result I'm holding my highest ever now V happy Can easily seem getting past 200p

[philanderer] 07/11/2022 16:23

"Demand for air fryers soars 3,000% as consumers seek to cut energy costs"

[tole] 04/11/2022 18:35

https://masterinvestor.co.uk/equities/small-cap-catch-up-iodine-pizzas-groceries-parcels-sites-and-kitchenware/UP Global Sourcing Holdings (LON:UPGS) – almost 150p but notSince 2 September this marketing group's shares have been down from 119.5p to as low as 90p early last month.My conclusion after the group's Pre-Close Trading Update on that day was that a move back up to 150p could be an easy stride.Yesterday's final results for the year to the end of July were just what the doctor ordered.They showed a 13% advance in sales to a record £154.2m, a 42% increase in adjusted pre-tax profits to £15.8m, with earnings 32% better at 14.7p and a 42% improvement in its dividend at 7.12p per share.Simon Showman, the group's CEO, stated that:"In FY22 Ultimate Products has delivered record financial results, seamlessly integrated the Salter brand, and maintained the incredibly high levels of service that our customers have come to expect from us. It has been a year of exceptional financial and operational progress, all of which was achieved against the backdrop of global supply chain disruption and a deteriorating macroeconomic environment.It is pleasing to see that our energy efficient products, such as air fryers, are performing well and helping consumers save on energy costs. This aligns with our wider purpose of providing beautiful and more sustainable products for every home.Whilst the current cost of living crisis represents a substantial challenge to all consumer- facing businesses our proven resilience and adaptability, as well as the quality and value of our products, mean that we are well placed to continue delivering future growth."Analysts Chris Wickham and Hannah Crowe at Equity Development have a 'fair value' of 250p on the group's shares.This year to end July 2023 they estimate £163.4m sales, £16.9m adjusted pre-tax profits, earnings of 15.1p and a dividend of 7.5p per share.In reaction to the group's results the shares hit 147p yesterday morning before easing back to close at around the 136p level, up 6p on the day.So not quite the 150p market yet, but getting very, very close.Hold tight.

[robbnw] 03/11/2022 21:31

And how many companies of this size pays a dividend like this

[muzmanoz] 03/11/2022 18:50

Paul Scott (of Stockopedia) spoke to Andrew Gossage of UPGS today.



Includes a good chat on container shipping price movements

[epo001] 03/11/2022 17:49

So that's a 4.82p divi in January?
Edit: Yes, paid 27/1

[topvest] 03/11/2022 16:26

Great results. The strength of UPGS is that temporary weakness in one part of their business always seems to be offset by strength somewhere else. This year was all about Supermarkets doing well and the Salter integration. Petra looks good for 2023. Progress and Kleeneze also doing well. The fact that they think they still expect to meet 2023 expectations is fantastic in this climate. Long-term this is a winning company.