7:59 cut – UPGS

UPGS (Ultimate Products Global Sourcing) design and import consumer goods to be sold under their own 2nd/3rd tier brands and under licenced 1st/2nd tier brand names mostly in UK / European discount stores and supermarkets.

This is another example of a company that started performing badly soon after flotation with the share price falling from over 200p to around 30p after a couple of profit warnings. They could still be bought at below 40p as recently as December 2018 when forecasts were for 5.6p FY 2019 EPS.

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