Updates

UP Global Sourcing - Sales jump 41%

October 2019

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.

There was a strong update from UPGS, with group sales up almost 41% to £123.3m, a little ahead of expectations. Growth is said to be “good” across each of its four strategic pillars - Discounters, UK Supermarkets, Online Platforms and International Customers. EBITDA (cash profit) rose 53% to £9.9m and pretax profit 50% to £8.5m. Strong cash flow reduced net debt / EBITDA from 2.0x to 1.5x while borrowing headroom was £10.1m.Trading is in line with expectations with the order book moderately ahead of this time last year. Shore Capital nudges up eps forecasts a fraction to 8.43p for the year ended July 2020 (which assumes 5% sales growth) and its price target is 101p based on 10x operating profit a ...

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

UP Global Sourcing - Eps enhancing acquisition (August 2021)

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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 - 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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