image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Ultimate Products

March 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:
  • 148p
Ultimate Products, which owns several homeware brands such as Salter and Beldray, has issued an H1 trading update to end January. The period saw sales down 4% to £84m, most of which was down to supermarket ordering held back by overstocking issues, but continuing efficiency gains and lower freights have resulted in improved operating margins so profits have been maintained. H2 has seen supermarket overstocking issues subsiding, allowing for improving exit sales rates. Forecasts of £18.4m pretax profit/eps of 15.6p are left unchanged for the year to 31 July. The net debt/adjusted EBITDA ratio is now tiny at just 0.4x (31 July 2023: 0.7x) as it has largely paid off the debt taken on to acquire Salter. Consequently, Ultimate said it ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Ultimate Products (June 2024)
Ultimate Products (May 2024)
Ultimate Products (January 2024)

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

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW