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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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UP Global Sourcing - Shares surge above 140p

February 2021

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:
  • 145p
The shares soared to a new high of 149p after UP Global said it expects underlying EBITDA to be above market expectations.  Since its results on 3 November, there’s been continuing momentum in its order book with sales to Online and Supermarket channels performing particularly well. Investments to improve productivity and operational efficiencies within Online meant it received a greater incremental profit uplift and improved operating margins from bumper sales within the peak Autumn / Winter trading period, especially on Amazon Prime Day, Black Friday and Cyber Monday. Its Beldray brand (laundry, floor care, heating and cooling) has been the stand-out performer across the portfolio. Equity Development ha ...

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