UPGS

Up Global Sourcing Holdings Plc

128.00
0.00 (0.0%)
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
  0.00 0.0% 128.00 78,350 16:35:08
Bid Price Offer Price High Price Low Price Open Price
124.50 127.50 125.50 124.00 125.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Appliance Stores 154.19 12.37 13.90 9.16 114.32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:08 UT 198 128.00 GBX

Up Global Sourcing (UPGS) Latest News

Up Global Sourcing (UPGS) Discussions and Chat

Up Global Sourcing Forums and Chat

Date Time Title Posts
25/4/202310:09Ultimate Products,let's hope so3,074

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Up Global Sourcing (UPGS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 15:35:08128.00198253.44UT
2023-05-31 15:20:03125.001,0291,286.25AT
2023-05-31 15:13:57126.44187236.44O
2023-05-31 13:38:00125.00730912.50AT
2023-05-31 12:43:52125.00768960.00AT

Up Global Sourcing (UPGS) Top Chat Posts

Top Posts
Posted at 01/4/2023 07:28 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-diagnostics-bricks-and-switches/UP Global Sourcing Holdings (LON:UPGS) – 9.5 P/E And 5.3% Yield = CheapThe first half figures from this £123m branded homewares group for the six months to end January this year showed a minimal 2% uplift in sales at £87.6m (£85.7m) while adjusted pre-tax profits fell 5% to £9.4m (£9.9m).Earnings were 6% lower at 8.4p (8.9p), while the dividend was 6% higher at 2.43p (2.30p) per share.Consensus estimates for the full year to end July suggest £165.3m (£154.2m) revenues, with EBITDA at £20.1m (£18.8m) and adjusted earnings of 14.8p (14.3p) per share.CEO Simon Showman stated that:"We have delivered a robust performance, with exceptional growth from online, amidst a tough trading environment. Our amazing team has built a resilient and scalable business, based on a strong portfolio of homeware brands with a wide range of products and channels to market.The business has been tested by some of the toughest trading conditions and headwinds seen in recent times, but we are emerging stronger, more focused and more profitable than ever. This resilience puts us in a strong position to accelerate our growth as the macroeconomic uncertainty starts to clear. We therefore remain confident in the future prospects for Ultimate Products."At the group's brokers Shore Capital their analysts Clive Black and Darren Shirley rate the group's shares as materially undervalued and looking for capital appreciation in the medium term.For 2023 they estimate £166.4m sales, £20.0m EBITDA, earnings of 14.6p and a 7.3p dividend per share.For the prospective 2024 trading period they see £176.7m revenues, £21.4m EBITDA, 15.5p earnings a dividend of 7.8p per share.Analysts Chris Wickham and Hannah Crowe at Equity Development have current year estimates at £163.4m sales, £16.6m profits, 15.1p earnings and 7.4p dividend per share.For the coming year they go for £173.2m revenues, £18.2m profits, 15.4p earnings and a 7.7p dividend.They have a 250p 'fair value' on the group's shares.With the group's shares closing at 138p this has been a healthy Profile choice, they have even been up to 174p this year but have since drifted back with the market.Give it more time and I believe that they will more than double my selection price and then some.
Posted at 29/3/2023 07:32 by edmonda
Ultimate Products' interim results strongly suggest that the company is well placed for sales growth acceleration in H2 and to meet current market expectations. Online sales in H1 increased by 78% to represent 26% of group total, which is positive as this distribution channel has a smaller skew to H1 than others. Moreover, UPGS’s brands continue to demonstrate an ability to gain market share and grow through volume rather than pricing.

We maintain our view that the company’s current valuation does not fairly reflect UPGS’s three key growth drivers - brands, online & supermarkets distribution, and international. With external headwinds easing, an H2 acceleration is in prospect. In addition, growth is volume driven off a strong financial base. We base our 250p fair value / share assumption on an FY2023 EV/sales ratio of 1.5x, 12x EV/EBITDA and 16.6x P/E.
https://www.equitydevelopment.co.uk/research/well-placed-for-sales-growth-acceleration-in-h2

Posted at 26/3/2023 10:59 by thorpematt
I bought a few of these this week. Looks oversold to me and the chart I posted above is clearly a very big tailwind for profitablity.

I also think that UPGS is viewed as a "China stock". And that the slow recovery out of lockdown being made there has dragged UPGS down on sentiment. Of course the demand for UPGS product is not from Chinese consumers and so in reality it is not affected by the lacklustre Chinese economy.

In any event I a lookng for a long term holding here so we shall see what interims bring.

P.S company financial calendar says 29/4/23 for interims
BUT
the last TS said 29th March

Anyone know for sure?

Posted at 07/3/2023 14:00 by se81
Yes based on Shore estimates post update- 14.6p EPS, £20m EBITDA which is approx PER 9 & EV/EBITDA 6.8 based on todays share price?

Also thought they painted an improved picture of H2 in terms of profitability

Posted at 17/2/2023 18:49 by andyjenkins01
Who knows with this one. I really like this company and have been holding for a year and thought the recent share price rises to 165-170 justified but a 20% drop in share price over a week based on this inline statement seems ridiculous to me and given the fragility of the share price I have no idea where it will end up. Think I’m out for now.
Posted at 14/2/2023 13:55 by kalai1
UP Global Sourcing issued its trading update for the six months ended 31 January 2023 this morning. Unaudited Group revenues increased 2% to £87.6m mainly driven by on-line channels. The Board anticipates a full year performance in line with current market expectations, these are for modest top-line and bottom-line growth. Profitability ratios are high, the balance sheet has strengthened, at the period end, the Group had a net bank debt/underlying EBITDA ratio of 1.0x. Valuation messages are currently mixed, forward PE at 10.9x is relatively attractive, PS at 0.96x is bottom quartile for the Household Goods market. Share price has built some near term momentum in the recent rally from Q4 2022, the weak macro outlook is the obvious risk to consumer cyclicals generally. UPGS is certainly a share worth monitoring for the time being, but the investment case is not yet compelling...

...from WealthOracle

hTTps://wealthoracle.co.uk/detailed-result-full/UPGS/660

Posted at 14/2/2023 07:33 by edmonda
"Online drives first half growth" - new research note and audio summary here:
https://www.equitydevelopment.co.uk/research/online-drives-first-half-growth

Online channels were the main driver of growth for UPGS in the first half of FY2023 with a 2% sales revenue gain - areas of product strength included energy efficient and money saving items, which were cited as being buoyant across all distribution channels. At the same time key indicators of financial strength also improved. The trading backdrop also showed signs of improvement in the first half. Commenting on outlook, the company anticipates that the market’s current expectations for FY2023 will be met. UPGS continues to highlight the positive impact that the company’s automation programme is having on the business.

Despite recent share price strength, we still believe that the current valuation fails to fairly reflect UPGS’s three salient growth drivers - brands, online & supermarkets distribution and international. With external headwinds easing, a second half acceleration is in prospect, plus a robust financial position, the near-term outlook appears positive. We reiterate our 250p fair value per share (based on an FY2023 EV/sales ratio of 1.5x and 12x EV/EBITDA).

Posted at 05/9/2022 14:22 by quepassa
The reason I haven't been posting here recently is that I bailed out earlier this year around 200p in February at the time of the invasion. But have been watching/following with interest

Despite strong results, the direction of travel for the share price seems only one way. Graph looks dire.

And notwithstanding significant recent director buying, the share still seems caught in a vicious downdraft.

The swingeing increases in domestic energy costs are going to hit household budgets really hard - and in turn consumer spending. That prospect is spooking the retail industry for anything which is discretionary spending


As they say, don't just watch the company, watch the share price.


I think UPGS is a great company but when the sector tide is going out fast, it's difficult to swim against it.

GLA.

ALL IMO. DYOR.
QP

Posted at 26/10/2020 13:14 by quepassa
AO WORLD going ballistic.

AO has almost quadrupled to 375p from where it started in January at 95p (pre-pandemic) this year.

UPGS, selling smaller kitchenware and household items, will undoubtedly be experiencing the same pandemic-led consumer demand to upgrade household appliances, wares and materials.

No reason why the UPGS share price shouldn't follow suit and rapidly double or more in my view.

A great consumer demand for their products is undoubtedly there.


ALL IMO. DYOR.
QP

Posted at 07/9/2020 15:45 by 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://northernfinancialreview.com/2020/08/21/ao-world-creates-650-jobs-amid-online-shopping-boom/

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

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