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.
50p broken. Lovely stuff.
Investors beginning to wake up to UPGS at last!
Oldham Site Visit 7th February 2019
Equity development are organising a site visit to UP Global Sourcing for private investors on Thursday 7th February 2019. There will be an opportunity to look round their Oldham showroom and speak with Andrew Gossage, Managing Director, and Graham Screawn, Finance Director.
The schedule for the day would be as follows:
11am Arrive at UPGS offices
11.10 tour of the Showroom and offices
12.45 Q&A session
14.00 Visit finishes
Address: Manor Mill, Victoria Street, Chadderton, Oldham OL9 0DD
If you are interested in joining us, please email hannah@equitydevelopment.co.uk
Kind regards, Hannah
Very good news, feels like the buying activity is starting to push this north
UP Global Sourcing Holdings Plc Sustaining strong growth momentum UPGS’s positive trading update, released yesterday, prompts us to raise our key estimates by more than 10% for all of revenue, EBITDA and adjusted EPS. Importantly, the company distinguishes itself from the more troubled UK consumer facing businesses with 24% potential sales growth in FY2019. Despite yesterday’s significant share price increase, valuation remains attractive in our view, which leaves headroom for further gains given current momentum. UPGS’s Monday 7th January 2019 RNS revealed that the positive momentum referenced in its last trading statement - issued 6th November 2018 - has continued. As a result, we upgrade our FY2019 forecasts only a couple of months later. We raise our FY2019 revenueforecastfrom£97.0mto£108.2mandEBITDAfrom£7.1mto£7.9m. Revenues are expected to grow by 24% in FY2019 compared with 11% previously envisaged, and that brings the company back close to its £110.0m FY2017 peak sales revenue number. Every one of UPGS’s strategic distribution pillars - discounters, UK supermarkets, online and international customers – is contributing positively to revenue growth. International continues to progress well and is increasing its share of the company’s overall revenue. This represents a healthy diversification given apparent uncertainty in the UK consumer facing sector overall. We raise our FY2019 basic adjusted EPS forecast by 12.5% to 6.3p, which assumes a 22.3% tax rate compared with 21.0% in FY2018 and a higher finance charge due to increased working capital requirements. The company’s next update relates to the FY2019 half year and is due on 11th February 2019. UPGS’s growth trends ahead of February and its recent ability to surprise the market positively are clearly encouraging. In our view, the share price reaction to yesterday’s news should not preclude further upside. Rather, the positive newsflow tends to confirm inherent sales growth and the strength of the UPGS business model under its resolute management team. Moreover, key valuation measures continue to look attractive. Based on a 46p price, the company’s shares trade on 0.5x EV/sales, a 7.3x P/E ratio and boast an attractive 6.8% prospective dividend yield.
Maybe just dial back all the ramping a touch Stew. It'll all come in time, just be patient.
Hopefully as momentum gathers
Shortly I would think ! Wait till we get some buy recommendations- also looks like we might not get the dividend scrapped now so this is incredibly cheap
And UPGS states today that profits will be above the market's current expectations!
Already paying a 2.7p divi with 1.89p to come on 30th Jan.
Current share price 45p. 6% yield. What's not to like??
Ready to blow!
imho
Great update. About time we had some good news here. It's been well oversold and this update should turn a few more heads towards what is still a very cheap share.
Unexpected fantastic news
Thanks Bernard ! Recommend cash offer is the next news I’m looking for here, hopefully about 80-90p
Looking really strong
Looking forward to a massive 2019 here
Agreed sounds great and fits in perfectly! Looks like we are in for a great Q1 2019
https://www.bbc.co.uk/news/business-46630865
Household goods sales leapt by 5.3% on the month in November, the biggest increase since the end of 2013 and driven by an 11% increase in electrical appliances.
I wasn't raising an argument neither. just curiously asking you might know something not everyone knows. My only worry is the trading fundamentals' change. the current climate is not great in general, but with 6 m profit, 90 m sale and 12 m debt, MV is at 33m, which is pretty safe, I will sit back and relax. only pitty is that it make me missed Indv, and TCG play, because big spread of UPGS make it not not worth selling and buying back now.
I wasn't making an assumption or claim of any kind. I was just pointing out that nobody knows. You're right it could be the shake up before a rise but best to be open to all possibilities I say rather than wishful thinking.
any data you know to support "belly up" assumption?
"could be a final shake before rising"
Or could be the first of many shakes before the company goes belly up.
Or something else.
Hope so as have topped up
will recover in no time, if no fundamental change. could be a final shake before rising.
Why the big drop. Bid price was 43p end of yesterday, now 36p
Tonight should hopefully be the catalyst for tomorrow
Rather large bid offer spread though...