Report
Chris Wickham

Satisfying customer demand

UPGS released an unscheduled trading statement this morning which confirms better numbers for FY2020 sales revenue, profitability and net debt, than previously envisaged when the company reported its interim results on 30th April.

A commitment to being flexible enough to ensure employee safety while satisfying customer demand is clearly working well. Accordingly, we make positive adjustments to our own forecasts.

UPGS’s shares performed well in the past two months: since end-March they rallied by 51%. But, based on our revised FY2020 sales estimate and our current projections for end-year net debt, the implied EV/sales ratio is still only 0.6x
Underlying
UP Global Sourcing Holdings plc

Provider
Equity Development
Equity Development

​Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.

Analysts
Chris Wickham

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