Updates

UP Global Sourcing

April 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

UPGS has acquired Petra, a German kitchen and electrical brand from P.E. Outlets for an undisclosed amount. Founded in 1968 in Bavaria, Petra originally specialised in coffee machines before expanding its range into other areas of kitchen electrical products. Ultimate Products plans to relaunch and refresh the Petra brand with a new range and in time expand into other territories.Earlier, the group announced unaudited revenues increased 11.4% to £75.4m with sales to Online and Supermarket channels performing particularly well and growing their share of group revenues. Beldray (laundry, floor care, heating and cooling) continues to be the stand-out performer.Net debt fell to £1.5m as at 31 January from £11.2m ...

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DX Group - Third upgrade since last November

Manolete

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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