Updates

UP Global Sourcing

December 2019

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.

Full year results had been well flagged but the shares have pushed higher on their release helped by UPGS trumpeting that it is out of the convalescence ward with a 50% jump in the dividend to 4.1p.Key to growth was its premier brands division, which grew sales c.20% to almost £75m helped by record sales at Beldray (+50% to £32.3m) and Salter (+51% to £20.9m). Overall, with contributions from other brands, sales were up 34% to £123m. Pretax profit and eps both went up 51% to £8.5m and 8.2p, respectively. Net debt of £14.4m is a modest 1.5x net debt/EBITDA ratio.The UK discounter sector might have been soft but international sales, which is mostly Germany, saw explosive growth with sales +10 ...

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Superdry

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UP Global Sourcing - Shares rocket after results (December 2022)

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UP Global Sourcing - Trading ahead of expectations (August 2019)

UPâ€ˆGlobal Sourcing (May 2019)

UP Global Sourcing - Third eps upgrade since November (March 2019)

UPâ€ˆGlobal Sourcing - New upgrade cycle (February 2019)

UP Global Sourcing - CEO in good cheer - does this indicate a resumption of home-related spending? (December 2018)

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UP Global Sourcing - Germany trading ahead of expectations (June 2018)

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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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