The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Even gladder now. Anyone know why the rise?
Thanks Investz. Glad I held on. So far, that is.
Can you be a little more specific please?
E D
Stated where?
UPGS's fair value is stated to be 150p, following their recent excellent RNS.
It's well worth reflecting on how much higher the sp could be, given a more normal UK macro-economic situation .
Moves fast doesn't it?
Well done for holding.
Faith rewarded!
Agreed. The company has done well, considering the circumstances, imo
I'd have snapped some up at 18% down, but saw the fall here way too late.
So the market do not like the results - opens 18% down - think that is very harsh as they look very good to me (given the CV19 situation)
Well, they wouldn't want any chunky trades showing would they?
That would make things far too transparent.
I sold £103,000 of GGP today and it didn't show during trading and nor after market. Is there a reason for this as seems odd having a "live feed" if it doesn't represent what is going on.
Any insight would be appreciated.
And back out at 115.
The very quick profit was too much to resist and it looks like it's gone too far, too fast to me, meaning it should pull back for a while.
I'll be tracking it though, with the aim of getting back in lower.
Looking at the trade prices, the spread is a fair bit closer than the headline figure.
Whatever, I'm 10% up already.
It certainly seems to move fast and is very much a momentum share.
Makes a nice change from watching the likes of Redrow doing absolutely nothing or worse.
for a few on the back of a Shares magazine recommendation.
The spread did worry me, but Shares are very bullish on this and I've been looking for something to invest in that hopefully won't keep tanking like my Blue chips.
GLA
I am not concerned about the spread on this as I have invested over a number of years. Picked the bulk of my holding up at 35p average and in ever since. I have reduced over the years as it became an out sized holding for me. I do still have a substantial holding. I think the return of furlough funds is a clear indicator of the intention to commence dividend payments again. There are clearly no liquidity concerns at present and trading performance (in my view) is likely to be very positive indeed. I think this share is likely to move above £1 at the next trading update (I believe this is due 7th September). The move back to 30p at the height of Covid was a great opportunity to top-up or establish a holding in a quality company where management have significant shareholdings. My view is get in below £1 whilst you are still able to. There are not many other companies that occupy such a sweet spot - strong expansion of online, growth of discounters, demand for products given Covid (less restaurant visits etc). Just my opinion. If the trading update is positive then this could comfortably move to £1.10-£1.25 (accompanied by a return to dividends).
6.9%! Can't make money with that.
which suggests PE ratio of 10.5, a yield of 4.6% being reinstated which all sounds v good
...but the trailing EV/EBIT ratio of 12.5ish is not cheap and the company has more debt vs MC than I'd like, so I won't be investing unfortunately.
Feel it's priced about right. Well done to all investors who stuck around through the sharp fall in March / got in around 30p!
The UPGS recording and Stockopedia report from our recent webinar can be found in our members area here: https://www.sharesoc.org/seminar/sharesoc-webinar-with-ultimate-products-upgs-1-may-2020/
To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: https://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: https://www.sharesoc.org/contact-us/
Sorry wrong link! Here is the correct one: https://www.sharesoc.org/events/results-qa-webinar-with-ultimate-products-upgs-1st-may-2020/
We are hosting a results Q&A webinar with Ultimate Products (UPGS), 1st May 2020 https://www.sharesoc.org/events/sharesoc-growth-company-webinar-with-medica-group-plc-mgp-28-april-2020/
it appears the chinese factories are back up so hopefully there are no stock issues (should really have had a surplus in Jan with Chinese NY shut down anyway). So the big issue is Corona virus impact, and this is unknown as the company has been silent.
Thus far hopefully trading has been unaffected as shops still seem to be ok but the self isolation in the next month or so will clearly have an effect on all retailers.
As UPGS deal with cookware and household items it is possible these could be in more demand not less.
It would be good to get some communication from UPGS as current share price looks a steal.
I am a supporter of UPGS and have shares, however, anyone who knows how densely populated China is and how crowded airports and public places can be (albeit not as bad now as it normally is), coupled with how coronavirus is transmitted and how many items are handled by hand (money, fast food, shopping goods, items in manufacture etc), then it should be clear that the current exponential rise in the infection rate and the mortality rate is going to increase in China and it is only a matter of time before similar trends are seen in other countries. It is not IF, but WHEN this happens. All the steps currently in place inside and outside China and beyond are merely slowing the problem down. As for UPGS, the impact on logistics may not have taken hold yet, but again, that is only a matter of time before it is adversely affected - just look at how the motor industry is being affected worldwide with the difficulties being encountered with components sourced from China. It is worrying UPGS have not declared a strategy for how they intend to mitigate the anticipated problems and how much it is being affected. Just stating they are "monitoring" the situation is not reassuring to investors. They should be declaring whether they have increased their stock holding to mitigate delays, or what other steps they have taken. I am worried UPGS may handle this issue as badly as the handled their financial reporting after they launched the company on the stock market. (and look what that did to their share price). UPGS is a volatile stock due to its small size. I think when the impact on UPGS's stock management starts to become clear to investors outside the company then I think further falls are inevitable. In the longer term, when coronavirus is but a distant memory, I feel UPGS is a promising company capable of delivery good returns for investors.
I agree that in the (short-term) this has the potential to cause some product shortage. How quickly / severe this is will depend on levels of stock held etc. and the ability to ramp up production down the line to meet any resulting shortfalls. Hopefully things will get under control relatively quickly and this won't have much of an impact.
If the share price drops more I will certainly be purchasing more stock. This is a great long term buy in my opinion. Whilst earnings are likely to be a little lumpy this looks like a well run company. The dividend is pretty healthy too for a company that is clearly on a growth trajectory again. The only drawback is that the share price moves around a bit on even the smallest piece of news - both up and down. The key is to stay on the profitable side of those movements. Minimal free float and low volumes are the only reason I can think of for the relatively large spread and volatility.