Updates

UP Global Sourcing - Eps enhancing acquisition

August 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.

Since 2011 Ultimate Products has licensed the Salter brand for the sale of kitchen electrical and cookware products (not including Salter scales) and in a variation of Victor Kyam’s “I like the Remington razor blade so much I bought the company” it has announced the acquisition of Salter Brands for an initial £32m. The deal is funded by a placing at 210p, which raised £15m gross and a new £10m term loan with HSBC.For FY’22, UPGS anticipates the business will see sales of c. £16.7m, EBITDA of at least £4.6m and pretax profit of at least £4.0m, implying EV/ EBITDA multiple of 7.4 and PE ratio of 10.6x and is expected to be significantly eps enhancing in FY’22. ...

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Somero - Another beat sends shares towards £5

Cranswick

UP Global Sourcing (October 2023)

UP Global Sourcing (May 2023)

UP Global Sourcing (April 2023)

UP Global Sourcing (December 2022)

UP Global Sourcing (October 2022)

UP Global Sourcing (June 2022)

UP Global Sourcing - Gain to date: 76% (October 2021)

UP Global Sourcing (April 2021)

UP Global Sourcing - Shares surge above 140p (February 2021)

UP Global Sourcing (November 2020)

UP Global Sourcing - Trading above expectation (August 2020)

UP Global Sourcing (June 2020)

UP Global Sourcing (May 2020)

UP Global Sourcing (March 2020)

UP Global Sourcing (December 2019)

UP Global Sourcing - Sales jump 41% (October 2019)

UP Global Sourcing - Four eps upgrades since November but prospective PE still just 9.4 (August 2019)

UP Global Sourcing - Four eps forecast upgrades since November (July 2019)

UP Global Sourcing - Terrific buying opportunity after upgrades (February 2019)

UP Global Sourcing (April 2018)

UP Global Sourcing (November 2017)

UP Global Solutions - Household brands owner to increase eps from 7.1p to 13.6p om three years to 2019 (July 2017)

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