Updates

UP Global Sourcing

October 2022

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 issued a resilient year end update (period to 31st July). Group sales rose 13% to £154.2m (1% like-for-like) driven by the Salter acquisition, with growth underpinned by sales to supermarkets (now its largest channel) including international markets in Europe. Sales via online channels had suffered a wobble in H1 ‘22 due to supply chain issues but recovered well in H2.Encouragingly, tight cost control meant EBITDA margins rose 2.5% to c. 12.2%, in turn driving EBITDA up over 40% to a record £18.8m (Shore Cap forecast: £18.7m) with pretax profit also ahead over 40% to £15.8m (eps 13.8p).Shore Capital has lowered its net debt forecast by £3m to £24.5m, leaving headroom of £17.8m.The broker suggests UPGS’ value orient ...

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Hostelworld

S4 Capital

UP Global Sourcing (October 2023)

UP Global Sourcing (May 2023)

UP Global Sourcing (April 2023)

UP Global Sourcing (December 2022)

UP Global Sourcing (June 2022)

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

UP Global Sourcing - Eps enhancing acquisition (August 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)

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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