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UP Global Sourcing

September 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:
  • 117.5p
UPGS has issued a reassuring pre-close update for the year ended 31 July. Sales will be up 13% to a record £154.2m driven mostly by the earnings enhancing acquisition of Salter with underlying organic growth of 1%. Pretax profit has increased by 42% to £15.8m.Growth has been particularly strong amongst its supermarket customers, which is the largest sales channel. Shore Cap forecasts eps of 13.8p for the year just ended, with 14.5p this year. There is a useful dividend of 6.9p and 7.2p, respectively, for a 5% yield. Await results due on 3 November.  ...

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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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