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Ultimate Products

January 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:
  • 147p
An update was omitted last month due to lack of space. However, full year results showed sales +8% to £166.3m - with revenue growth of just 2% in H1, surging to +15% in H2  driven  by  trading patterns from the big UK retailers normalising following a period of destocking post the supply chain crisis. As it was Supermarkets were ULTP’s largest segment at 30% of sales, and activity in FY23 fell 5%; similarly, revenues were 7% lower at discount retailers, where participation reduced to c.27%. But proving the benefit of diversification, the shortfall was made up by online sales, which grew 64% (now c.25% of sales). Most of this was in the UK, which grew 14% to £115.6m or 70% of sales, whilst revenues from Europe were flattish at £49. ...

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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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