Up Global Sourcing Holdings (UPGS)

  • Change Today:
  • 52 Week High: 236.00
  • 52 Week Low: 121.00
  • Currency: UK Pounds
  • Shares Issued: 89.31m
  • Volume: 16,172
  • Market Cap: £108.07m
  • RiskGrade: 232

Strong online performance sees Ultimate Products raise expectations

By Josh White

Date: Monday 06 Jul 2020

LONDON (ShareCast) - (Sharecast News) - UP Global Sourcing, trading as Ultimate Products, released an unscheduled trading update on Monday, reporting that since its previous update on 8 June, the invoicing and delivery of its order book had continued to progress "at a good pace".
The London-listed value-focussed consumer brands company said that was driven in particular by a strong performance online.

As a result, it said it now expected that revenue for the year ending 31 July would be above £111m, with underlying EBITDA topping £9.6m, and underlying profit before tax to be above £7.4m.

All of those figures, the board noted, were above the market's current expectations.

"We are pleased to be making better-than-expected progress against a backdrop that remains hugely uncertain and challenging," said chief executive officer Simon Showman.

"The investment that we have made in our online segment in recent years is delivering particularly good results, and our adaptive, resilient and flexible business model is standing us in good stead.

"At this time of unprecedented hardship for many people in the communities in which we operate, we are continuing to do everything that we can to help out through a range of initiatives."

At 1126 BST, shares in UP Global Sourcing Holdings were up 11.81% at 75.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


UPGS Market Data

Currency UK Pounds
Share Price 121.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 236.00
52 Week Low 121.00
Volume 16,172
Shares Issued 89.31m
Market Cap £108.07m
RiskGrade 232

UPGS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

UPGS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Jul-22 06-Jan-22
Paid 29-Jul-22 28-Jan-22
Amount 2.30p 3.33p

Trades for 20-May-2022

Time Volume / Share Price
16:35 169 @ 121.00p
16:29 111 @ 123.00p
16:29 79 @ 123.00p
16:29 65 @ 123.00p
16:29 42 @ 123.00p

UPGS Key Personnel

CEO Simon Showman
CFO Graham Screawn

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