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
  -2.00 -0.97% 204.00 42,553 15:09:00
Bid Price Offer Price High Price Low Price Open Price
203.00 204.00 206.00 203.00 206.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 115.68 8.36 8.40 24.3 182
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 UT 10 204.00 GBX

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Date Time Title Posts
19/9/202113:18Ultimate Products,let's hope so2,790

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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 206p.
Up Global Sourcing Holdings Plc has a 4 week average price of 199p and a 12 week average price of 197.50p.
The 1 year high share price is 238p while the 1 year low share price is currently 85p.
There are currently 89,312,457 shares in issue and the average daily traded volume is 106,732 shares. The market capitalisation of Up Global Sourcing Holdings Plc is £182,197,412.28.
kingfisher99: There is a great deal of positivity and potential around upgs at present. I feel there has been lots of selling from those taking profit (not to get out of upgs). The price has held up well to this pressure with lots of buying. This certainly is a good time to buy.
edmonda: #UPGS announcement that it is acquiring Salter, the UK’s oldest housewares brand and notable for its scales, is a major positive step. The acquisition not only creates enlarged, outright ownership of a key brand and expands UPGS’s kitchen and bathroom offering, but also establishes a foothold in health & lifestyle. Moreover, the deal appears attractively priced for UPGS shareholders. Salter’s impact on UPGS’s shares should be positive for two main reasons. First, the deal itself will result in an increase in FY2022 EPS. Second, it reconfirms the ability of the group’s management to acquire attractive brands at valuations that make sense for its shareholders. Assuming completion, based on a 1.9x target EV/sales ratio and a 20.0x P/E in FY2022 we revise our fair value / share upwards from 200p to 275p. https://www.equitydevelopment.co.uk/research/upgs-acquires-uks-oldest-housewares-brand
topvest: See my post. £1.3m royalty income booked in the FKA Brands accounts in 2020 and you have to presume a fair amount of this is UPGS although they also do something with Heston Blumenthal. If you look at the Salter web-site it looks and feels like a great brand that has not been taken to the next level internationally. That's certainly born out by Salter having less sales than UPGS of their own brand!! Let's summarise. Rough numbers - Salter is expected to add c40% to UPGS profits. Share dilution is 8% and £10m of debt taken on with the remainder from existing resources. It does seem a very good (and importantly low risk) acquisition. Really exciting deal.
topvest: Excellent deal by the looks of things and already a major part of the UPGS product rang, so highly complimentary. The only brand not owned now is Russell Hobbs I believe, so will no longer be tarnished with the "distributor" label. Sensible to half fund by equity at the current share price. Superb news!
quepassa: Minimal discount of 2.3%. But what is fantastic is to see the accelerating growth and expansion of UPGS with further excellent acquisitions of cherished heritage brands. Earlier this year, Petra in Germany was acquired and now Salter is being brought under the outright ownership and full control of UPGS, rather than being a licensee of the brand name. And who hasn't heard of Salter scales. This is very good news for shareholders as UPGS further scales up its strategy of acquiring and exploiting the great hidden value and potential in heritage consumer brands. ALL IMO. DYOR. QP
3800: that would explain the share price weakness in the last few days as the news of the placing leaked out.
kingfisher99: Watched the video. A number of companies were covered. The comments about upgs were good, although I do feel he could have mentioned the significant increase in internet sales.The share price has dropped back a little over the last few days. Still plenty of buying, but this is being offset by those taking profit. The sawtooth characteristics for the price also suggest this. When the profit taking subsides, we should see some further gains. I still feel there are plenty more gains to come.
kingfisher99: Topvest. I agree with your sentiments. A lot of major investors bailed out when UPGS had the problems shortly after the share launch and have not come back in. I was surprised there was not more interest when they started to recover form their low share price earlier this year, particularly as they have demonstrated a robust business in spite of all the difficulties they faced. I think there are still plenty selling to bag a profit. Short sighted in my view as this company has plenty of growth in the share price ahead, particularly when more of the large investors start to return. I feel it is an excellent prospect for anyone to come in, even at the current price. In the longer term (as you say 3 - 5 years) this is still the initial part of the climb out. Petra is an excellent move to expand the German ( and European) part of the business faster.
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
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
Up Global Sourcing share price data is direct from the London Stock Exchange
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