Up Global Sourcing Share Discussion Threads

[kirk 6] 02/8/2018 12:07

How can it drop from 38-35p on 5k volume.

[epistrophy] 29/7/2018 17:37

Yes the sector is horrible right now. Retailers going bust left right and centre.

Unlike the retailers UPGS is not stuck with large hidden debts in the form of lease liabilities. They run a pretty lean balance sheet, and should be well placed to survive in a tough market, and conversely able to scale up if/when business picks up. High inside ownership... management interests aligned... so IMO an attractive way to play the sector. Not without risk - so a small position for me.

[topvest] 28/7/2018 11:07

Encouraging. You have to remember that FY18 has been hit as a result of FY17 being bumper and their statement on timing of sales pushing into FY19. There is a moderately good chance of FY19 being better than expected, in which case the price will likely double or triple.

[kirk 6] 28/7/2018 08:14

ReminderRAPID GROWTH ..... niceWant to work abroad? Due to a rapid growth within Europe we are now looking for new members to join our international teams, with a number of different roles available.... apply here upgs.com/apply/ #ManchesterCareers #ManchesterGraduates #WorkAbroad #OldhamCareers

[topvest] 28/7/2018 07:05

Looking at the chart its definitely flattening off and bouncing near the bottom. Think we could get to the point where the 50 mda crosses the 250 mda in the next 3-6m, but it depends on the forward outlook. I think its less about the current year and more about what next year will look like. Medium term its definitely a buy. Can't deny that I have bought in too early, but think its getting closer to a point where it can make some progress. I suppose the BUY point is the golden cross and not before.

[otemple3] 27/7/2018 23:34

EpistrophyWho knows. It could be either but if the hot weather over the last 6 weeks has impacted trading (who has been doing discretionary spending???) then the market will be brutal. A 5-10% profit miss will decimate the share price (imho) and the chances of an outperformance deminish every day. Meeting expectations is not going to set the price on fire so can always buy back in. Risk reward just doesn't feel right to me for my risk profile

[pugugly] 27/7/2018 20:25

Growth of personal debt likely (imo) to put a squeeze on discretionary consumer spending - Many of UPGS's products (IMO) fall into the discretionary category so very likely the fall and likely continuing fall justified - Falling t/o while fixed (or nearly fixed overheads) a potential massive hit on cash-flow.

[epistrophy] 27/7/2018 19:28

But the share price is off 10% in the last week, on no news. So is that drop justified, if the retail environment hasn't changed? Does someone know something? Or is it just a random move in a very illiquid security?

[epistrophy] 27/7/2018 18:18

Has the retail environment really deteriorated that much in one week? BME share price seems to be holding up well.

Hopefully they are selling lots of Beldray fans in this weather!

[steverabet] 27/7/2018 18:04

i am not a nervous investor, nor am i particularly pessimistic, but there are not many retailers around having a good spell. results are pencilled in to be lower but not drastically so, but until the corner is turned i am also out. on a p/e of roughly 4, theres probably time to reassess should this start showing positive signs. probably put this cash into marstons. downside there is next to zero, based on last 5 years price action, with 8% div chucked in while you wait.

[otemple3] 27/7/2018 16:25

I bailed yesterday as with this never ending hot spell I just feel the risks are once again skewed to the downside so have taken prudent action. Will re-evaluate on next trading update but happy to risk missing first 10% of upside to protect from a PW.GLA

[kevph] 27/7/2018 15:09

Agreed, volumes are wafer thin and have been for a while Lammy.

[kevph] 27/7/2018 13:12

Next update estimated for the 5th November. Very deep in value territory here. Company just needs to keep its nose clean at the next update to restore confidence This has the opportunity to return to 90p plus

[lammylover] 27/7/2018 11:59

I see our lovely algo traders are trashing the price here again, desperately need some good news...

[senor_sensible] 10/7/2018 08:14

good news :-)

[kirk 6] 10/7/2018 06:51

RAPID GROWTH ..... niceWant to work abroad? Due to a rapid growth within Europe we are now looking for new members to join our international teams, with a number of different roles available.... apply here upgs.com/apply/ #ManchesterCareers #ManchesterGraduates #WorkAbroad #OldhamCareers

[senor_sensible] 09/7/2018 11:42

This is poised for a decent leg up on the back of GBP/EURO improvements.

[bmcb5] 05/7/2018 12:18

I'm out, for about 3% loss. No issues with the company or prospects (not that i did much research) just got more interesting uses for the cash. Good luck all

[podgyted] 01/7/2018 15:48

They did a trading update 11/9/17, I'm assuming they might well do one earlier this year.

[podgyted] 01/7/2018 15:42

XD 5/7/18 Payment 27/7/18

[kirk 6] 28/6/2018 20:38

When is the interim dividend pay date

[lammylover] 25/6/2018 22:14

150k chunky buy after close of play today at 43.916p, mops up todays sells..

[greenknight1] 21/6/2018 12:55

Nice chunky buy