image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

UP Global Sourcing

December 2022

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:
  • 147p
A near 50% share price rally greeted UP Global's results for the year ended 31 July. Underpinned by the Salter acquisition, sales rose 13% to a record £154.2m with pretax profit increasing 42% to £15.8m. Organic growth was just 1% with core sales impacted by supply chain constraints and tough Covid comparatives. Eps were 13.8p.By segment, International increased sales by 22% to £53m including a 39% rise in Germany to £19.2m and is driven by overseas supermarkets with new retailers onboarded plus new ranges. The resilient performance meant two of its remaining three segments also grew well with UK supermarkets + 32%, online sales + 23% to £25.3m and only discount retailers declining 7% to £48.1m, reflecting tough comparatives ...

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

Subscribe now

Already a subscriber? Login

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