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UP Global Sourcing - Trading above expectation

August 2020

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:
  • UPGS
  • Price:
  • 67p
The shares have made a strong recovery from their lockdown lows after UP Global announced that since its interim results on 30 April, the invoicing and delivery of the group’s order book has “progressed at a steady pace.” Total invoiced revenue for the current year (FY’20) as at 5th June was £97.2m (FY’19: £102.5m) and there was a further £10.6m of orders for the remainder of the year. Revenue continued to benefit from the strength of online and robust sales at those outlets that have stayed open during the lockdown including supermarkets. As a result the group says underlying EBITDA will be above market expectations. Net debt at 5th June stood at £2.6m.  ...

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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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