Up Global Sourcing Share Discussion Threads

[patient fox] 12/3/2023 19:16

It was just a small update, on what should be a private subscription.

[1pvh] 12/3/2023 18:26

What does it say?

[peterjones2023] 12/3/2023 13:28

fab write up

[robbnw] 11/3/2023 14:28

Good write up on SCSW

[epo001] 09/3/2023 14:09

Why is the spread so large on UPGS? Today HL are quoting 133/139.5, that's approaching 4%.

Edit: bought more today, buy price was 1p more than sell price so perhaps a HL issue.

[se81] 07/3/2023 14:00

Yes based on Shore estimates post update- 14.6p EPS, £20m EBITDA which is approx PER 9 & EV/EBITDA 6.8 based on todays share price?

Also thought they painted an improved picture of H2 in terms of profitability

[dr biotech] 06/3/2023 16:10

Bit of a struggle to understand the near 25% fall here. Perhaps there were hopes that the boom in air fryers would lead to a significant beat?

My understanding is that "inline with market expectations" is 14p EPS this year. PE of 9 (or 10 if you factor in the debt, which seems to be comfortably within range). Yield of 5.6% based on last years figures.

Thats not expensive - feels like we are still dropping on a daily basis.

[bigbigdave] 06/3/2023 14:53

Don't recall seeing such a fall after an inline trading update and a fairly upbeat outlook ;o(

[se81] 03/3/2023 12:34

Around 130 looks like a decent entry point? Nicely oversold, previous resistance and then support

[yertiz] 28/2/2023 12:04

This time last year AO was trading at 90p per share, taken quite a hit since then.UPG is holding up fairly well in comparison.

[quepassa] 28/2/2023 11:11

Take note.

Sector peer, AO World UP by 25% today on back of following RNS:-



Trading update and Increased Profit Guidance

AO World plc ("the Company" or "AO"), a leading online electrical retailer, today issues the following trading update, increasing our profit guidance for the year to March 2023.

Consistent with the themes set out in the trading statement issued on 10 January, we continue to see traction from the initiatives taken by the business to reduce costs and improve margins.

Margin improvement initiatives coupled with a continued resilient underlying customer base has driven higher retail gross margins than previously expected and we anticipate that this will continue for the remaining five weeks of the financial year. The steps we have taken to simplify the business and become more efficient have outperformed expectations and been delivered quicker than expected. Mobile RPI price increases have also been slightly higher than our prudent forecast.

Accordingly, the Board now expects Adjusted EBITDA (1) to be in a range of GBP37.5m to GBP45m for the full year, an increase to the previous guidance (2) that we gave in January 2023.

[andyjenkins01] 17/2/2023 18:49

Who knows with this one. I really like this company and have been holding for a year and thought the recent share price rises to 165-170 justified but a 20% drop in share price over a week based on this inline statement seems ridiculous to me and given the fragility of the share price I have no idea where it will end up. Think I’m out for now.

[epo001] 17/2/2023 13:44

Continues to fall though selling volume is lower. Stop loss buy at 125? 100?

[bigbigdave] 14/2/2023 16:41

Bit of a harsh reaction today given an inline statement, guess investors were expecting an ahead statement. Happy to hold for the longer term.

[kalai1] 14/2/2023 13:55

UP Global Sourcing issued its trading update for the six months ended 31 January 2023 this morning. Unaudited Group revenues increased 2% to £87.6m mainly driven by on-line channels. The Board anticipates a full year performance in line with current market expectations, these are for modest top-line and bottom-line growth. Profitability ratios are high, the balance sheet has strengthened, at the period end, the Group had a net bank debt/underlying EBITDA ratio of 1.0x. Valuation messages are currently mixed, forward PE at 10.9x is relatively attractive, PS at 0.96x is bottom quartile for the Household Goods market. Share price has built some near term momentum in the recent rally from Q4 2022, the weak macro outlook is the obvious risk to consumer cyclicals generally. UPGS is certainly a share worth monitoring for the time being, but the investment case is not yet compelling...

...from WealthOracle

[aishah] 14/2/2023 12:26

They've done very well in what is their weaker half to increase revenue and maintain margin. H2 will have big tailwinds so except a lot better outcome. Low p/e and decent yield. Happy to hold and will add on persistent weakness.

[grahamburn] 14/2/2023 12:16

Equity Development still sticking to their 250p valuation:

[blueliner] 14/2/2023 10:29

Re UPGS
Just read Paul Scott as well, seems to be very positive.
Has a stock rank of 89 on Stockopedia, in good company at that sort of rank.

[leeson31] 14/2/2023 10:12

hello Spider :-) all good thanks, trust you are, too. cheers,

holding here, not concerned on todays reaction, the underlying strenght is there imo. great fundamentals.

[epo001] 14/2/2023 10:12

Paul Scott on Stockopedia seems unbothered and takes a positive view. My 3rd largest holding (was 2nd yesterday).

[philanderer] 14/2/2023 09:45

UP Global Sourcing Holdings PLC, down 7.9% at 153.41 pence, 12-month range 90.00p - 163.50p. Expects full-year performance in line with current market expectations, which it does not specify.

Alliance News

[topvest] 14/2/2023 09:23

They have managed a relatively weak H1 well in my view. The air fryers etc. are only offsetting de-stocking elsewhere. Growth is never straight line (other than with frauds), particularly in a business like this. The upward momentum continues. Happy to hold. Freight costs and £ sterling are both medium term tailwinds, as is their European expansion.

[dr biotech] 14/2/2023 09:07

Bit disappointed at this mornings fall. I guess if you look for the negatives..

Revenue only up 2%. Would be interesting to know what the like for like figures are, is this just inflation?

Given the current fad for air fryers perhaps the market was expecting more?


Debt seems under control and a PE of 11 (with a decent yield) doesn’t look expensive. Confident outlook. It’s one of my largest holdings and I’ll stick with them.