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UP Global Sourcing - Forecasts upgraded again

August 2020

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:
  • UPGS
  • Price:
  • 73p
Having said the picture looked much improved last month, UPGS has said it will now beat even those upgraded expectations. The invoicing and delivery of its order book have continued to progress at a good pace, driven in particular by a strong performance in Online. As a result, it now anticipates that revenue for the year ending 31 July ‘20 will be above £111.0m.Underlying EBITDA will be above £9.6m and pretax profit will be above £7.4m. The shares have shot ahead nicely. Strong hold. ...

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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.

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

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