Up Global Sourcing Share Discussion Threads

[kirk 6] 17/8/2018 17:14

So to me with all the confirmed buying it's obvious the market makers /someone has got hold of a nasty trading statement. How is this allowed to happen? How can information be leaked like this? PIs are always the last to know and unfortunately I am expecting a terrible trading statement now. If the trading statement isn't terrible for some reason the price should double or even treble to a reasonable mkp.

[lammylover] 17/8/2018 13:23

I'm expecting a trade update around Monday 10th September, if last year is anything to go by. Hopefully things will have stabilised in terms of revenue and sales in France / Germany will be lifting fast. Every time I look at the website, they are recruiting new people, so seem to be planning for expansion.

The share price is so frustrating, as the MMs won't move up when there is high demand and often don't even have shares available. But are happy to slam the price into the decks on a few sales. I hope we are seeing the last of the tree shakes to scare a few more PIs into selling, before we move back to 40p+.

Rich

[kirk 6] 17/8/2018 13:16

Didn't think we were due one till November ?

[412069] 17/8/2018 12:21

Back to 30p this another year or two before things start to progress imho.

[greenknight1] 17/8/2018 12:20

We are due a trading statement in the next 3 weeks - this might be a last shake by MMs as in the absence of further bad news this should begin to rise.

[kirk 6] 17/8/2018 12:13

Wtf? A couple of sells and the share price crashed yet millions bought and it doesn't move?

[lammylover] 15/8/2018 16:34

Good point Topvest. What I don't understand is that this morning the MMs had no share to sell (I tried to buy from 10k to 30k shares and they had none available) but wont move price up? The algo traders just seem to be following the ordinary sellers, either up or down. Why don't the MMs try moving this back up? Rich

[topvest] 15/8/2018 08:19

Maybe not quite yet, but its a positive. The other thing to bear in mind is that we are now into FY19 for this company and they are trading against much softer comparatives. Also there was some deferral of sales from FY18 to FY19 I believe. Trading statement for the full year was 11 Sep last year, with results on 7 November so we may get some news within a month. That will probably be the chart cross-over point in my view.

[kirk 6] 15/8/2018 00:30

Bloody hell this could really motor tomorrow

[topvest] 14/8/2018 19:24

The EBT share purchase is big. That's a bullish signal to me. They would NOT have bought them if another warning was on the cards, would they not?

[lammylover] 14/8/2018 17:21

5 big blocks of shares bought today, totalling over 4m shares (4.87% of total issued share capital) Where did these come from? Is Black Rock now clear or can we expect another RNS tomorrow with a holding reduction by another II?

Rich

[lammylover] 14/8/2018 17:14

I wonder if Black Rock are selling their remaining <5% shares (as declared by the RNS in Feb), thereby stopping the UPGS share price rising?

Today the UPGS employee benefit fund declared a buy of over 2m shares at 37p for the company' share performance plan and yet the share price still doesn't move...

Either the MMs have more to sell, or are holding the price back for some reason? Perhaps they want to acquire more cheap stock to sell when they are ready to bounce the price up above 40p again. Rich

[topvest] 14/8/2018 14:44

As much as I'd like to agree, think we are a few weeks away from that. Chart is flattening, and we are getting to closer to a golden cross. For me the chart BUY signal is about 45p and a month or two off. Did buy way too early myself. Think this will come good, but its not quite turned the corner yet from a chart perspective in my view.

[eastbourne1982] 14/8/2018 14:36

kirky,

Isn't your average here around the £1.25 mark, if so why not just let it be and see where it is in a year or two.

No point beating yourself up over another loss.

[alaneagle] 07/8/2018 18:41

My charting system has just posted a BUY with todays move up, breaking the recent weakness from 46p. RSI has also turned positive. Trying to bottom out here but next few days will be crucial......but could retrace back to mid 40's.

[kirk 6] 07/8/2018 11:11

Looking much better today can't buy anything more than 10k under the offer

[kirk 6] 03/8/2018 16:52

Don't bother posting it then if you are the only judge

[my retirement fund] 03/8/2018 15:59

I'll be the judge of that.

[topvest] 03/8/2018 13:30

LOL. You will be lucky!

[my retirement fund] 03/8/2018 12:13

May be tempted at 10p if things dont get too much worse. Imo.

[topvest] 03/8/2018 11:55

Yes, I agree. Patience required. I have enough of these though, so won’t be buying any more.

[kirk 6] 03/8/2018 08:57

Way oversold this of no volumeEurope beating expectations and a very healthy dividend

[topvest] 02/8/2018 14:53

Just a lack of volume I suspect. Still think we are near the bottom on this, but could be wrong. Their balance sheet is in reasonably good shape, so it will bounce back very strongly on any good news. Next update will be a turning point up or down. Still very positive on what they can do with the Kleeneze deal medium term.