Up Global Sourcing Share Discussion Threads

[mikro1] 11/2/2020 17:26

I also bought in today, on the hope that the virus has peaked and things will return to normal soon

[w1ndjammer] 11/2/2020 15:01

I sold these back in May 2019 for 90p after buying for 34p i always regretted
selling, never thought i would get this opportunity to get back onboard
so this morning i took the plunge, lets see how we go.

WJ.

[ianio5691] 11/2/2020 12:23

UPGS are totally exposed to their China supply chain.

The implications of this cannot be underestimated.

They need to release a statement clarifying as to what extent this impacts them.

I can see a retest of the 40's

[ianio5691] 11/2/2020 12:22

Jaguar Land Rover expects the global coronavirus outbreak to affect its fourth-quarter financial performance and says its supply chains outside China are now likely to be affected.

The British company – which operates factories in Slovakia and India alongside its sizeable Chinese operation – told Bloomberg it's too early to accurately predict the financial impact of the virus but it's expecting component supply shortages to affect global vehicle production volumes.

The news comes as the firm gears up to put the new Land Rover Defender into full-scale production at its factory in Nitra, Slovakia, which employs 2800 workers and has an annual capacity of 150,000 vehicles.

The announcement follows a wave of factory shutdowns in Asia, following the detection of the coronavirus in China’s Wuhan province. The PSA Group’s Chinese partner Dongfeng was first to close its main production facility, while Hyundai was forced to shut its South Korean factories last week due to a shortage of critical wiring harnesses produced in China.

Bloomberg reports that JLR parent company Tata has extended a shutdown at the Chery Jaguar Land Rover factory in Changsu, which builds the Range Rover Evoque, Land Rover Discovery Sport and Jaguar E-Pace for the Chinese market. China-only long-wheelbase versions of Jaguar's XE and XF saloons are also built at the plant.

Nissan is the latest manufacturer to react to the coronavirus outbreak, temporarily closing one of its Japanese factories that depends heavily on parts imported from China. It expects the facility to be operational again within two days, however, and has stated that its other factories in Japan are unaffected.

Many Chinese factories that had shut down were expected to reopen yesterday (10 February) as the officially extended Chinese New Year break came to an end, but many remain restricted by local legislation and a labour shortage.

[pugugly] 10/2/2020 17:03

Highest daily volume for a year - Interesting - Much will now depend (imo) on amount of stock already in transit - how quickly they suppliers can get back into production and shipping - and whether they UP have to fund expensive air-freight - and/or their suppliers are helped by the Chinese government with air-freight subsidies.
This of course depends on the evolution of the corona virus worldwide.

Opinions? To high – too low – or just right at the moment?

[edmonda] 10/2/2020 08:51

trading update out from reconfirms profit guidance for FY20: sales growth at 2.8% was slightly below ests, but EBITDA margin better at 8.1%. RNS says they are closely monitoring Chinese production as the new year holiday ends.

New Equity Development research note out with fair value of 100p retained on this update, click here to read:

[bookbroker] 10/2/2020 08:27

Didn’t he do well!

[nobilis] 10/2/2020 08:18

Surpsied KETL hasn't crashed in same way

[topvest] 10/2/2020 08:14

It may or may not have an impact. I will be watching to add a few more. The long-term impact is minimal in my view. Most likely impact, in my view, is knocking the edge off the H2 results with some order backlog. Of course, that will mean a slightly weaker current year and a better year next year. That's UPGS - it goes in waves, but the trajectory is up!

[ianio5691] 10/2/2020 08:09

This is all about China now, and no-one can even begin to guess at when normality will be resumed.

This could have a short term impact, or it could have a massive impact.

No-one knows other than it WILL have an impact.

[topvest] 10/2/2020 07:49

It looks OK to me. It would be foolish for them to be more update in the circumstances. Maybe a good buying opportunity on the way. The share price here is quite volatile. A virus doesn't change the viability of their business model. Last year's trading period was also a tough comparative.

[basem1] 10/2/2020 07:30

Best watched for now

[john09] 10/2/2020 07:23

The Board “CURRENTLYR21; expects full year profitability for FY20 to be in line with market expectations.

INTERESTING

[john09] 10/2/2020 07:22

You know they’re struggling when 2 of the 3 headlines are

Premises Lease extension
Banking facilities

And all 8 lines of the outlook statement are about a virus in China..

Lol. Stand way back today folks. 40p

[bigbigdave] 10/2/2020 07:19

In line trading update but mention China manufacturing is expected to cause production delays.

[my retirement fund] 08/2/2020 13:23

You entitled to your opinions no skin off my nose. What province do the building products come from. In Shenzhen everyone now needs to apply for a licence to restart so nothing likely to restart very quickly there if at all.

[hiraniha] 08/2/2020 06:49

Bought at 82 pence after Mello Chiswick event, sold last week at 76 pence.I do like the company and toyed with holding, but couldn't risk losing any more in the current climate.May re-enter, depending on how bleak the update is on Monday.Good luck all.

[jltaylor1001] 07/2/2020 15:36

Yeah we bring construction products in from China and I'm told they will return / partially return to work Monday

[nw99] 07/2/2020 14:52

China worries

[my retirement fund] 07/2/2020 14:05

Quite so, however I have not bothered with my visa as I've been forced to defer my visit to the Autumn one at the earliest. Yes I don't represent the global economy on my own but it surely any sensible individual with an average IQ who was going to go is now not going to go and I live in the UK which has hardly had any cases! Imagine what individuals who live in the far east are thinking !