UP Global Sourcing Holdings plc (UPGS) has today reported encouraging trading and financial progress in its first set of interim results following its successful listing on the London Stock Exchange in March. The shares have outperformed the All-Share Index by 30% from the 128p IPO price and the current rating still looks undemanding in our view given the exceptional CAGR outlook for sales, EBITDA and earnings. We initiate coverage with a Buy recommendation.
28 Apr 2017
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Ultimate Products PLC (ULTP:LON) | 167 0 0.0% | Mkt Cap: 148.9m
- Published:
28 Apr 2017 -
Author:
Nigel Parson -
Pages:
21
UP Global Sourcing Holdings plc (UPGS) has today reported encouraging trading and financial progress in its first set of interim results following its successful listing on the London Stock Exchange in March. The shares have outperformed the All-Share Index by 30% from the 128p IPO price and the current rating still looks undemanding in our view given the exceptional CAGR outlook for sales, EBITDA and earnings. We initiate coverage with a Buy recommendation.