Up Global Sourcing Share Discussion Threads

[ianio5691] 06/11/2018 08:30

All the bad news was well and truly priced in here... and then some.
On a forward looking basis, this has so much potential, and as the RNS states - they are already ahead of guidance for this year.

This will rerate dramatically from here.

[cheshire man] 06/11/2018 08:29

Thanks for the note edmonda,,,,,,all moving along nicely with a very decent yield to keep us warm :-))

[topvest] 06/11/2018 08:21

Incorrect. Kleeneze intangibles cost £102k. What a bargain for a company that was worth £100's of millions at its peak. That's what I like about the UPGS strategy.

[edmonda] 06/11/2018 08:20

Equity Development latest note here

[trinko] 06/11/2018 08:10

Net Debt could also be a impact of being Kleenex

[topvest] 06/11/2018 08:06

Yes, it all looks very good. Only negative was investment in working capital and therefore higher net debt levels, but this is very well explained by the increase in landed sales of c£5m which requires stock build as opposed to FOB. If discount retail sales come back just a little, then this will be flying again. Of course, we have the relaunch of Kleeneze next year to look forward to. Progress seems to be doing well which bodes well for the future. Overall, it looks like FY19 will see some recovery so more than happy to keep holding. I bought a little too early, but confident that this will get back to a £1 or so. Long-term, this is a GROWTH stock.

[kirk 6] 06/11/2018 08:04

In an upward extended auction due to more buyers than sellers Shod be in the 50s today

[podgyted] 06/11/2018 07:37

2018 EPS already at forecast levels for 2019. Confident outlook, orders ahead of this time last year going into its crucial Xmas period - was impressed by on-line sales increases of 50%+ albeit from low level. Looks good to me, and what a dividend!

[parsons4] 06/11/2018 07:29

Bought in a week or so ago, very happy with the results, no problems we didn't know about GLA

[trinko] 06/11/2018 07:26

So sales will be between 93-100 milj so there is a positive momentum. Profit far ahead off stockopedia en get better from now.

Lets see how the stock reacts on this outlook

[kirk 6] 06/11/2018 07:25

2.72p dividend bloody astonishing for a 38p stock

[cascudi] 06/11/2018 07:24

Wow that is 7 per cent yield

[kevph] 06/11/2018 07:20

Profit ahead of Stockopedia £4.2m forecast, sales behind by £0.5m, dividend also beats forecast. Forward outlook now ahead of previous year, with positive momentum. In summary, slightly ahead of expectations I'd say.

[robbnw] 05/11/2018 22:44

Trinko nice to see u here

[topvest] 05/11/2018 19:29

Very interesting. From a Chart perspective, the long awaited GOLDEN CROSS is going to be achieved tomorrow on results day if the RNS is positive. If I hadn't already got too many I would be buying more.
200 dma 39p
50 dma 34p
Mid-price 38.5p
Relative strength increasing. Now 72.

[podgyted] 05/11/2018 13:43

Hardly any trades today but currently being offered 40.7p to buy and 38.15p to sell - I think the MM would like some stock for tomorrow.

[lammylover] 05/11/2018 12:46

RNS is that the Non Exec Chairman of CRAW is also on BOD of UPGS. We know that many Non Execs sit on dozens of boards, some companies thrive, others fail for a variety of reasons.

CRAW decided to roll out a new business model and made a complete mess of it with an Ex Lidl guy at the helm. Profits have declined over last 2 years with numerous warnings and cash burn to a point where they couldn't raise anymore money and have gone into voluntary liquidation. I suspect that parts of the CRAW group will get picked up cheaply, but most high street butchers will be closed for good.

Don't see any relevance to UPGS performance as Original Founder of UPGS is still at the helm and Directors own a big proportion of the business. Also we have a big customer base, some strong brands and are diversifying into Europe. Still taking o lots of new employees and set up to resume growth. I hope to see that the FY performance have stabilised tomorrow and expecting shares to climb to around 50p. Rich

[trinko] 05/11/2018 12:09

Any negatives for UPGS from this? Because one of the managers is also involved with UPGS?

Thanks Trinko

[kevph] 05/11/2018 11:55

Yep, decided to go into adminstration whilst it might have some cash to distribute. It had a market cap of £2m by the end so had next to zero chance of raising anymore.

[trinko] 05/11/2018 11:33

I don't understand the RNS? Can someone explain it to me.

That Crawshaw Group Plc, is broke?

[kevph] 05/11/2018 10:15

Been watching it this morning. Unless there are unreported trades, this moved c2p without any volume at all. MMs are warming this one up. Not complaining though!

[trinko] 05/11/2018 10:01

not paid yet Kirk (results are already known, But the prospect can make the stock move)

[kirk 6] 05/11/2018 09:59

40p again. This has the potential to go back over £1 if good results

[kirk 6] 31/10/2018 14:34

The consumer market at this point of change so will produce opportunities, we missed with Warpaint, but UP Global Sourcing (LSE: UPGS) already had its profits warning and the shares are yet to recover and will report its second finals early next week.It listed onto the Standard market in March 2017 at 128p when founding directors sold £56m. The management team still hold 44% and are backed by Schroder's, Ennismore and Hargreaves. The plan is to accelerate growth with international expansion, build its online platform and make opportunistic acquisitions.In September 2017, which was alarmingly soon after the IPO, sales were reported to be declining due to the deterioration in the environment for general merchandise as consumers' discretionary spend is under pressure, fragile confidence and increased cost pressure. UPGS own, manage, design and develop an extensive range of value-focused branded consumer goods. Including Beldray, which was established in 1872, George and Wilkinson, Salter and Russell Hobs. The product range covers electrical, food prep, stoneware and textiles and more. Its customers include high street stores such as; Aldi, Morrisons, Asda, Tesco and Sainsburys.The product and brand range are extensive and was extended with the low-cost purchase of the intellectual property rights of Kleeneze cleaning, laundry and homewares brand founded in 1923. Over time Kleeneze will launch a range of laundry and floorcare products for sale into the retail channel and via online channels. The team have successful made other opportunistic brand acquisitions and successfully relaunched them, the most notable example is Beldray in 2009.The management reported an increased order book, so revenue growth is cautiously being forecast. Our confidence in the recovery is increased by an Non-Executive Director purchased shares at 33.4p and Schroders increasing its stake to 15%. Additionally, the recently published research from Equity Development reinforces the view that the recovery is well underway.The finals for the year end July 2018, are likely to show a 20% fall in revenue to £87.4m. The underlying EBITDA should be in-line with the previous downgrade with a 43.8% fall to £6.5m (FY17: £11.5m). The PBT is expected to halve to £5m giving an EPS of 5.2p and a prospective P/E of 6.5x, while a 2.7p dividend is forecast to yield 7.5% and a P/E of 10x would imply a price of

[kevph] 30/10/2018 09:36

Interesting.Doesn't move up or down through market volatility. Holders recognise value and Divi. Can't blame the market though, having been burnt by a clear sell out on on a great year. When the results come out, I want to see the sales decline continue to ease to indicate a return to growth. Obviously there is loads of value here, but it's going to take time to re-establish trust and belief about this being a growth business to get the p/e up to a growth multiple. The reward potential is great. Patience required here.