Updates

UP Global Sourcing

October 2023

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.

UP Global Sourcing has issued a strong full year update with group revenues increasing by 8% to a record £166.3m while pretax rose 6% to £16.8m, an impressive result given no tail-wind from inflation unlike the vast majority of consumer related UK businesses. Particularly encouraging was the £9m fall in net debt to just £14.9m (0.7x), and underpinning forecast dividend growth to 7.8p next year. Shore Capital expects pretax profit of £16.8m in FY’23 and £18.4m in ‘24 for eps of 14.6p and 15.5p. Highlighted at 71.5p in August ‘19, the shares hit a high of 174p earlier this year before the recent pull-back. At these levels they look cheap on a prospective PE of just 8.4 and yield of 6.3%. I am a buyer. ...

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Mears

CVS Group

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 - 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X