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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Ultimate Products

January 2024

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.

  • Epic Code:
  • ULTP
  • Price:
  • 149p
The shares rallied after Ultimate Products, which owns leading homeware brands like Salter, Beldray, Russell Hobbs and Kleeneze, released record results with revenues up 8% to £166.3m and adjusted EBITDA increasing the same to £20.2m. Eps rose 5% to 15.1p while net debt fell 39% to £14.8m. Ultimate’s value for money credentials, innovative products and demand for energy efficient and money saving products (such as air fryers), drove an acceleration in sales to 15% in H2 from a pedestrian +2% in H1. Salter (+39%) was the stand-out. Online sales, held back in FY’22 due to seized up supply chains restricting stock, grew 64% to £41.4m and now represent 25% group turnover up from 16%. Here, sales mainly come from Amazon, Ebay an ...

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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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