UPGS’s positive trading update, released yesterday, prompts us to raise our key estimates by more than 10% for all of revenue, EBITDA and adjusted EPS. Importantly, the company distinguishes itself from the more troubled UK consumer facing businesses with 24% potential sales growth in FY2019. Despite yesterday’s significant share price increase, valuation remains attractive in our view, which leaves headroom for further gains given current momentum.
08 Jan 2019
Sustaining strong growth momentum
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Sustaining strong growth momentum
Ultimate Products PLC (ULTP:LON) | 164 5.7 2.1% | Mkt Cap: 146.7m
- Published:
08 Jan 2019 -
Author:
Chris Wickham -
Pages:
2
UPGS’s positive trading update, released yesterday, prompts us to raise our key estimates by more than 10% for all of revenue, EBITDA and adjusted EPS. Importantly, the company distinguishes itself from the more troubled UK consumer facing businesses with 24% potential sales growth in FY2019. Despite yesterday’s significant share price increase, valuation remains attractive in our view, which leaves headroom for further gains given current momentum.