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Ultimate Products

October 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:
  • 143.5p
After a sluggish third quarter, blamed on weak general merchandise demand and supply chain disruption (freight issues in the Red Sea), Ultimate Products said its Q4 was a tad better than expected. The owner of several leading UK homeware brands like Salter, Kleeneze and  Beldray said revenues fell 6.5% to £155.5m with EBITDA down almost 11% to £18m. Pretax profit fell 14.3% to £14.4m.  Ultimate has also had to grapple with several other headwinds such as a weak consumer environment and UK supermarket de-stocking but the latter has now ended and the forward order book is healthy.  Forecasts for the year to July ’24 are for eps of 12.4p, rising to 14.8p and then 16.7p in ’26.  With net debt less than expected at £10.5m (just ...

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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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