Up Global Sourcing Share Discussion Threads

[podgyted] 08/11/2018 07:49

XD 3/1/19 pay 30/1/19

[kirk 6] 07/11/2018 21:52

When's the next dividend pay date

[topvest] 07/11/2018 21:37

Hopefully only a matter of days though before that particular chart signal is hit. I'm very positive about the prospects here.

[topvest] 07/11/2018 21:36

Apologies, but got my charts slightly wrong. Although the share price has moved through the 200 mda the 50 mda line is still below the 200 at 34p and 38p respectively, so we have not quite hit the "golden cross" yet!

[robbnw] 07/11/2018 15:26

I feel hugely positive about this share and company . The fall in price basically since SCSW tipped them , coincidentally , is so overdone

[kirk 6] 07/11/2018 13:00

The 65p gap fill should be complete this week

[topvest] 07/11/2018 11:35

Yes, well this is now motoring. Positive on a number of fronts:
- Cheap
- Back to growth
- High Yield
- Director buying
- Golden cross
Run by an intelligent fanatic in my view. It's also interesting how many graduates they have recruited.

[robbnw] 07/11/2018 11:27

Ive added . I feel the shares are way underpriced

[kirk 6] 07/11/2018 09:07

Excellent news this will now be a serious growth stock

[ianio5691] 07/11/2018 09:01

Directors buying.
£55k... not chicken feed!
Follow the money
GLA

[mister md] 07/11/2018 08:54

RNS out - also helps

Jim McCarthy, Non-Executive Chairman, purchased 135,000 ordinary shares of 0.25p each ("Ordinary Shares") at 39.3p on 6 November 2018. As a result, Mr. McCarthy increased his holding to 935,000 Ordinary Shares, representing 1.0% of the Company's issued share capital.

[ianio5691] 07/11/2018 08:08

£1 my short to mid term target.

As stated in yesterdays results, this year already looking better than last year.
Once the international sales really kick in, this can only get even better.

Recovery play now - and it pays a decent dividend.

The markets are forward looking so...Onwards and upwards.

[kirk 6] 07/11/2018 06:10

Brexit deal getting ever closer in today's news. Once announced can see this breaking back above £1

[podgyted] 07/11/2018 00:46

Sp above 50 day and 200day moving averages

[topvest] 06/11/2018 20:43

Golden cross signal, by the looks of things.

[kirk 6] 06/11/2018 16:32

Great day and nice close let's break into 50s tomorrow

[topvest] 06/11/2018 12:41

Yes, odd - I'd be backing up the truck if I hadn't already got enough. Risk /reward equation looks much better than when it was £2 a share.

[trinko] 06/11/2018 10:33

But there are no buyers neither

[ianio5691] 06/11/2018 10:19

looks like our sellers are cleared.

Onwards and upwards.

90p would still represent a 3% yield at current dividend...

[ianio5691] 06/11/2018 09:59

You could buy for 33p last week.
I can only assume that a few day traders are Selling on News and taking their profits.

15-25% profit in a week is good business by anyones standard.

Think once they are cleared we will start to move up.
Still a great price to get in for the divvi alone

[riviera1069] 06/11/2018 09:38

Suprised at this share price movement. 37.6 on the ask

[ianio5691] 06/11/2018 09:18

2.72p dividend.

Can currently buy for 40p.

That's 6.75%

Show me a bank that gives that kind of return.
Can see a few ii funds topping up for that.

[topvest] 06/11/2018 08:56

FY19 is above last year (it should be) and in line with expectations, rather than being ahead of expectations. FY18 was probably slightly better than forecast though. Implies that UK trading is still tough, but online and Germany are doing well. Recovery will take a while, but this is growing again.

"Outlook

Whilst trading was very difficult in FY 18, the Group has continued to focus on its four-pillar strategy and on its customer relationships, colleagues, systems and market-leading supply chain. As a result, the Group is now seeing some customers who reduced business in FY 18 - in order to reduce costs and pursue margin - beginning to increase order volumes again with Ultimate Products because of the better service, quality and overall value that it can provide. In addition, the Group's growing focus on its international and online businesses is also delivering some promising results.

As a result, the Group's order book for FY 19 is ahead of this time last year, with international accounting for a larger share. More broadly, current trading is in line with expectations and, while the conditions in the UK look set to remain challenging for the foreseeable future, the positive momentum within the business means that the Group continues to look to the future with confidence."

[ianio5691] 06/11/2018 08:47

UP Global Sourcing Holdings plc

Feeling good about FY2019

After an unquestionably challenging year, UPGS delivered FY2018 preliminary
earnings results in line with consensus as underlying EPS was 5.4p. Sales
revenue of £88m and £6.5m adjusted EBITDA reconfirmed an earlier
announcement. UPGS’s international business continued to gain ground as a
portion of sales due to a strong H2. Moreover, FY2019 appears to have started
well and we raise our EBITDA estimate from £6.9m to £7.1m, largely due to
better than expected sales revenue: the future feels good.

UPGS’s ability to supply high quality known brands at affordable prices, places it firmly in the “feel good” camp as a supplier of consumer products.
Investors should also feel good about how FY2019 has started in our view.
Sales revenue is in line with expectations and international momentum is encouraging. Hence, we raise our earnings forecasts for the full year – EBITDA by 3% and EPS by 2%.

It’s a contrast with FY2018.

Overall, there were few surprises in UPGS’s FY2018 results. Revenue and EBITDA were
pre-released in a 10th September trading statement, which reported that FY2019 orders were ahead of last year and that online rose 52% to be 7.9% of sales revenue.

Importantly, international regained ground in the second half of FY2018 and comprised 36.9% of sales compared with 19.8% in the first half and 27.4% in the year as a whole.

International sales grew 16.4% in the 6 months. German business doubled in FY2018.
UPGS reconfirmed that FY2019 started well and we infer good reason for ongoing
optimism.
A well-positioned brand portfolio and good growth prospects in both online
and international prompt us to raise our FY2019 sales forecast from £95.4m to £97.0m,EBITDA from £6.9m to £7.1m and EPS from 5.5p to 5.6p. Dividend policy is for a 2x cover, while debt headroom and projected cash conversion underpin future dividends.

The longer-term investment case for UPGS remains intact. The company is committed
to driving its brands’ revenue growth through its four strategic pillars: discount retailers,raised supermarket penetration, online and international.

We retain our future expectations of sustainable 5% organic sales revenue growth.

Based on our revised forecasts for FY2019, UPGS trades on 6.2x EV/EBITDA, a 6.8x P/E ratio and offers a generous 7.4% prospective dividend yield.

Investors should probably feel good about the share price potential.

[topvest] 06/11/2018 08:33

If it keeps above 40p then its a golden cross chart signal today. Be interesting to see whether Stockopedia cover it.