Updates

Ultimate Products

January 2025

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.

A tough year for homewares brands owner Ultimate Products as a combination of strong prior year comparatives, supermarket over-stocking, weak consumer demand and Red Sea freight spikes meant full year revenues fell 6.5% to £155.5m and pretax profit declined 14% to £14.4m. Higher tax meant eps fell 20% to 12.3p. Recent difficulties should be seen through the prism of its remarkable 10 year record; from 2014-24 turnover itself tripled from £49m to £155m, while EBITDA soared from £1.5m to £18m. The transformation was driven by owned brand sales increasing from 20% to 80% of the total with the two largest, Salter (scales and kitchen) and Beldray (laundry and floorcare), accounting for £90m or 58% group turnover and management claims t ...

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Hill & Smith

Coats Group - Sales accelerate to +11%

Ultimate Products (April 2025)

Ultimate Products (October 2024)

Ultimate Products (January 2024)

UP Global Sourcing (October 2023)

UP Global Sourcing (May 2023)

UP Global Sourcing (April 2023)

UP Global Sourcing (December 2022)

UP Global Sourcing (October 2022)

UP Global Sourcing (June 2022)

UP Global Sourcing - Gain to date: 76% (October 2021)

UP Global Sourcing - Eps enhancing acquisition (August 2021)

UP Global Sourcing (April 2021)

UP Global Sourcing - Shares surge above 140p (February 2021)

UP Global Sourcing (November 2020)

UP Global Sourcing - Trading above expectation (August 2020)

UP Global Sourcing (June 2020)

UP Global Sourcing (May 2020)

UP Global Sourcing (March 2020)

UP Global Sourcing (December 2019)

UP Global Sourcing - Sales jump 41% (October 2019)

UP Global Sourcing - Four eps upgrades since November but prospective PE still just 9.4 (August 2019)

UP Global Sourcing - Four eps forecast upgrades since November (July 2019)

UP Global Sourcing - Terrific buying opportunity after upgrades (February 2019)

UP Global Sourcing (April 2018)

UP Global Sourcing (November 2017)

UP Global Sourcing - Household brands owner to increase eps from 7.1p to 13.6p om three years to 2019 (July 2017)

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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