Up Global Sourcing Share Discussion Threads

[edmonda] 14/2/2023 07:33

"Online drives first half growth" - new research note and audio summary here:


Online channels were the main driver of growth for UPGS in the first half of FY2023 with a 2% sales revenue gain - areas of product strength included energy efficient and money saving items, which were cited as being buoyant across all distribution channels. At the same time key indicators of financial strength also improved. The trading backdrop also showed signs of improvement in the first half. Commenting on outlook, the company anticipates that the market’s current expectations for FY2023 will be met. UPGS continues to highlight the positive impact that the company’s automation programme is having on the business.

Despite recent share price strength, we still believe that the current valuation fails to fairly reflect UPGS’s three salient growth drivers - brands, online & supermarkets distribution and international. With external headwinds easing, a second half acceleration is in prospect, plus a robust financial position, the near-term outlook appears positive. We reiterate our 250p fair value per share (based on an FY2023 EV/sales ratio of 1.5x and 12x EV/EBITDA).

[bigbigdave] 02/2/2023 12:55

Decent buying again today

[leeson31] 02/2/2023 08:15

quite a bih exhibition in Frankfurt

[peterjones2023] 31/1/2023 11:22

very nice Divi! indead

[philanderer] 30/1/2023 10:47

Buys continuing this morning.

[philanderer] 27/1/2023 19:39

A nice rise and divi paid, very good :-)

[topvest] 27/1/2023 19:35

Yes. Nice chunky dividend here.

[aishah] 27/1/2023 13:34

Divi in. I'm expecting a strong update here. Quite a few tailwinds now. Price will catch up hopefully in due course. imo

[leeson31] 27/1/2023 13:30

maybe the volumes spiking in today are people re-investing their Divi's...

not long to go til the 14th, for their trading update...

[leeson31] 27/1/2023 13:25

I had forgotten divi's are paid today, thanks for the reminder :-)



the just the mere proximity of the 50mda sent the share price up :-)

[joseph moran] 27/1/2023 12:44

Got my dividend today

[mortimer7] 24/1/2023 09:22

Half year end 31/1/23.
T/U 14/2/23.
CFO was buying around Christmas - always a promising sign.
Hoping this might climb in the lead up to the update.

[leeson31] 19/1/2023 07:56

Lovely. That reminds me, i must buy one! :-)

[philanderer] 19/1/2023 00:27

Currys boosted by sales of air fryers as squeezed customers strive to save on bills

[leeson31] 16/1/2023 13:17

Looking good >>

[philanderer] 13/1/2023 00:39

Leeson, thanks for the update news.

[leeson31] 12/1/2023 21:24

Mini breakout today, on volume too.

Looking good.

Trading update is 14th Feb, as confirmed by Chris Dent confirmed to me today on email.

Cheers

[philanderer] 12/1/2023 11:22

100K+ printed so far today

[leeson31] 12/1/2023 08:36

a bit of apetite from the off today! :-)

[philanderer] 11/1/2023 10:12

Sainsbury's says fizz and air fryers lift Christmas sales

[quepassa] 10/1/2023 07:39

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.

[leeson31] 09/1/2023 08:17

tyvm, Dave!

[bigbigdave] 09/1/2023 06:54

TU 14th Feb last year Leeson31 so around then.

[leeson31] 08/1/2023 20:42

When is expected next ims or trading update guys? Thanks. Id imagine they've done well over Xmas on sales, and in Q1 2023 they'll expand on their B2B supplier expansion re Australia mainly. Cheers