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Ultimate Products

May 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:
  • 178p
ULTP’s interims show a 4% sales decrease to £84.2m, primarily attributed to tough year-over-year comparisons. Particularly notable was the high demand for Salter’s air fryers in November and December 2022, spurred by a spike in energy prices. Alongside that there was the closure of Wilko, modest revenue deferral of £1.3m resulting from ships rerouting around the Cape of Good Hope and lower supermarket ordering, notably from German supermarkets.  Overall, pretax profit increased by 2% to £9.6m and EPS were flat at 8.2p. EBITDA nudged up by £0.1m to £11.3m with the margin up 0.5% to 13.4%   Just how well spread the business is by customer versus a decade ago is shown by the fact that Supermarket destocking and falling Online sales d ...

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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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