Updates

UP Global Sourcing - Massive deleverage of balance sheet

September 2023

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.

Ahead of reporting on 31 October, UPGS said that growth accelerated as the year progressed with H2 revenues blazing +15% compared to the anaemic +2% seen in H1, which had been hindered by post Covid destocking by retailers. As a result, FY23 saw sales overall up 8% to a record £166.3m. Pretax profit increased 6% to £16.8m Reflecting on its homeware brands including Beldray, Petra, Salter and the licensed brand Russell Hobbs (which collectively constituted 70% of sales in FY22), it is evident that they hold strong value credentials. The revenue growth in this period was achieved without any significant overall price inflation, driven instead by higher sales volumes. Notably, there was exceptional growth in online sales, which saw r ...

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Zotefoams

H&T - Still high demand for short term loans

UP Global Sourcing (March 2023)

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

UP Global Sourcing (September 2022)

UP Global Sourcing - Salter acquisition helps take margins to new record (May 2022)

UP Global Sourcing (July 2021)

UP Global Sourcing - Record operating margins hit in H1 (June 2021)

UP Global Sourcing (March 2021)

UP Global Sourcing (December 2020)

UP Global Sourcing - Forecasts upgraded again (August 2020)

UP Global Sourcing (July 2020)

UP Global Sourcing (June 2020)

UP Global Sourcing (April 2020)

UP Global Sourcing (March 2020)

UP Global Sourcing (December 2019)

UP Global Sourcing (October 2019)

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)

UP Global Sourcing (October 2018)

UP Global Sourcing (July 2018)

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

UP Global Sourcing (March 2018)

UP Global Sourcing (October 2017)

UP Global Sourcing - Barnstorming sales +62% in H1 (August 2017)

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