Share Name Share Symbol Market Type Share ISIN Share Description
Up Global Sourcing Holdings Plc LSE:UPGS London Ordinary Share GB00BYX7MG58 ORDS 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.70 0.8% 88.00 253,517 16:35:13
Bid Price Offer Price High Price Low Price Open Price
87.00 89.00 87.60 85.00 85.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 123.26 8.20 8.10 10.9 72
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:12 O 1,700 88.64 GBX

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Date Time Title Posts
24/9/202021:52Ultimate Products,let's hope so2,534

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Up Global Sourcing Daily Update: Up Global Sourcing Holdings Plc is listed in the Support Services sector of the London Stock Exchange with ticker UPGS. The last closing price for Up Global Sourcing was 87.30p.
Up Global Sourcing Holdings Plc has a 4 week average price of 85p and a 12 week average price of 67.30p.
The 1 year high share price is 119p while the 1 year low share price is currently 29.80p.
There are currently 82,169,600 shares in issue and the average daily traded volume is 159,801 shares. The market capitalisation of Up Global Sourcing Holdings Plc is £72,309,248.
topvest: Agreed. It's a growth stock as I've been saying consistently since the 30s, where the growth investors had thrown in the towel after having one poorer year after a record year at IPO. Its trading is not straight line upwards growth, but the overall 3 year trend is positive and it has fantastic potential. The share price could well hit £2+ as the growth momentum investors move back in to this quality stock. More than happy to hold.
quepassa: Hitherto much unloved AO World has gone from 50p this year to near 200p on the back of the home shopping boom and has created 650 jobs. hXXps:// Some UK cross-sector corroboration about the immense new demand for household appliances. UPGS have today come out with some striking news and figures:- 1. Reinstate withheld interim Dividend 2. Reconfirm Dividend Policy 3. Extremely buoyant outlook. 4. SIGNIFICANT reduction in debt 5. Confirm OUT-PERFORMANCE in web-sales. If their business model is morphing into a significantly greater ratio of direct-to-customer internet shopping / web-based shopping, this is potentially game-changing corporate news. It looks to me like the UPGS share price is not yet up with events and may have significantly further to run. ALL IMO. DYOR. QP
thompsonminor: Taken from the Equity Development report: "The company’s 0.6x EV sales ratio appears surprisingly low given its ability to grow sales rapidly and profitably on a cash positive basis. Moreover, based on our revised estimates EV/EBITDA and the P/E ratios also look good value. Given the company’s proven track record, we see a 1.0x EV/sales ratio, 10.4x EV/EBITDA and a 14.0x P/E ratio as being more appropriate. The implied share price at these multiples is 100p"
lammylover: UPGS noted in Investors Chronicle today - under "Shares with the Magic Formula" article page 58-59. Listed as ranked 11/30 on table based on forward P/E (x8), Yield (6%), 3 month momentum (-26%). I think this is where the Buys are coming from today to hopefully push share price back up to 70p +. Rich
mctmct: Why would UPGS give a talk at an Equity Development Investor Forum just a few days before their Feb 10 Trading update? hxxps:// It seems odd to schedule a talk between the end of their trading quarter and the trading update. Surely they are bound to be asked about China, the fall in share price and the current trading. I suppose that if they say anything that is price sensitive (which means: if they answer any of these questions) there will have to be a 7am RNS on the morning of 6 Feb.
quepassa: Hardly excellent. At the beginning of 2017, the share price was 210-220p. Then we had the disgraceful sales forecast misses. The price then fell off a cliff. Today it has rebounded from a low of 35p just a year ago to 85p . So, it's still way down from its 220p post-IPO highs after those suspicious IPO sales forecasts which the management so badly and so rapidly missed. Although results are upbeat today, the share price is still a disaster zone compared to flotation prices and personally I don't think the management are yet to be trusted. Good Luck All but it's not time to put out the bunting yet. And at some 50% below the IPO price approaching three years after flotation, that is absolute BOTTOM DRAWER PERFORMANCE and management get the big thumbs down from me for performance and integrity. ALL IMO. DYOR. QP
podgyted: Equity Development "Positive End to FY2019 Confirmed UPGS’s pre-close FY2019 trading statement confirmed a previously stated view on 17th July that FY2019 would end on a positive note. The company will announce preliminary full year results on 5th November 2019. Ahead of then, underlying trends remain firmly positive. We upgrade FY2020 forecasts too. Sales revenue in FY2019 grew by 40.8% to £123.3m. The company’s most recently guided range was £121.5m to £122.0m. EBITDA is expected to be 53.4% higher at £9.9m compared with our £9.7m forecast. PBT is expected to be £8.5m compared with £8.3m envisaged previously. We raise FY2019 EPS from 7.9p to 8.1p. Importantly, UPGS continues to deliver ahead of its own guidance and associated market expectations. After disappointment a year earlier, FY2019 has been a year of upgrades. Key drivers of faster sales growth include international business which was 39.4% of revenue compared with 27.4% in FY2018 and online which was 9.2% of group business compared with 7.9% a year earlier. What is impressive is that UPGS continues to deliver brisk consumer goods oriented organic growth in mature markets. Right now, that is a rare quality. We update our FY2019 forecasts to reflect the trading statement. In addition we upgrade FY2020 revenue from £127.6m to £129.5m and adjusted EBITDA from £10.1m to £10.4m. The impact of these upgrades on adjusted pre-tax profits is an increase from £8.7m to £8.9m and we raise our FY2020 EPS forecast from 8.3p to 8.5p. UPGS’s financial position remains strong. Net debt/EBITDA at 31st July 2019 was 1.5x, well down from 2.0x a year earlier. Headroom against facilities rose £10.1m compared with £9.1m at end-FY2018. In the past year UPGS has consistently delivered trading news ahead of market expectations. In our view, investors should take this into account when assessing valuation and we continue to argue that a 100p share price seems sensible. We base that view on 0.8x EV/Sales, 10.0x EV/EBITDA and a 12.3x prospective P/E ratio."
ianio5691: UP Global Sourcing Holdings PLC Ultimately, there is Growth Ultimate Products Global Sourcing Holdings PLC (UPGS) looks well placed to return to growth. UPGS enjoys a combination of well-known household brands, a proprietary approach to managing those brands, and significant growth headroom within its distribution channels. Moreover, after a challenging H1, sales trends improved in FY2018 H2. With a strong management team and, arguably, an attractive valuation, the shares should attract investors’ attention. UPGS is a consumer goods company with a robust portfolio of household durable goods brands. Its premier offering includes Beldray, Salter, Russell Hobbs, Intempo and Progress. Uniquely, the company offers these brands at attractive prices and in categories which expand the overall footprint of the brand names. In our view, UPGS’s brand management approach positions these key names for growth but in a way which will generate shareholder value. UPGS’s portfolio should experience what we refer to as mature market volume growth, which is arguably the strongest driver of value creation in the UK consumer goods sector. Overall management quality tends to be confirmed by clear vision and smart strategic positioning. UPGS’s FY2018 disappointed relative to initial expectations, notably in the first half. But its share price may have been unfairly hurt by general investor nervousness about UK consumer stocks. With scope to recover sales in FY2019 and grow in FY2020, the shares arguably command a valuation significantly in excess of where they currently trade. Our forecasts for FY2018 – partly covered in the company’s 10th September 2018 trading update – and FY2019 are summarised in the valuation box below. In our view, both the P/E ratio and dividend yield look attractive in the context of the nature of the company’s business and potential for near term recovery. Given the UK retail climate at the moment, it is challenging to set a precise value on the shares. But to give some guidance we look at our revenue estimate for FY2019 and, even applying a conservative 1x EV/sales multiple, come out with a share price of £1 per share. Furthermore, we are encouraged by the resilience that UPGS has shown in these challenging times when others have floundered. We highlight the strength of their balance sheet, as well as their ability to adapt quickly to external challenges - e.g. by focusing on international and online opportunities.
lammylover: 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
muzmanoz: I've just been to my local B&M. It might be my bias having watched the UPGS share price fall, but there seems to be a lot more Goodmans branded products.
Up Global Sourcing share price data is direct from the London Stock Exchange
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