Most recently on homeware brands company Ultimate Products (ULTP), in May with the shares rising above 50p I concluded ‘before there’s some clear turnaround evidence, I retain prior caution and still avoid’. With the shares having most recently closed at 55.8p, what about now a “Pre-Close Trading Update” announcement?
Homeware brands company Ultimate Products (ULTP) has issued a “Q3 2026 Trading Update” including that “group sales are expected to be marginally ahead of market expectations, with profitability remaining in line with consensus, reflecting the change in sales mix. The board is confident that the ongoing investment in the group’s operational capabilities, together with the forthcoming arrival of Simon Harrison as CEO, will enable it to maximise future growth opportunities”. So what of a currently rising just above 50p share price comparing to above 75p a year ago?
Most recently writing on homeware brands company Ultimate Products (ULTP), in February with the shares falling towards 85p I noted a material profit warning but that forecasts still looked highly challenging despite they down then from a prior consensus £20.6 million adjusted EBITDA to £14 million-£16 million and £169.3 million revenue to “broadly flat” with the prior year’s £155.5 million. The shares most recently closed at 74.2p… and what of they currently falling below 55p on the back of a “Trading Update”?
Homeware brands company Ultimate Products (ULTP) has issued a “trading update” headlined “H1 performance impacted by challenging market conditions, albeit trading improved in Q2 - with cautiously encouraging momentum going into H2”. So what about share price ‘momentum’ currently downwards by more than 15% towards 85p?
Salter, Beldray and other homeware brands company Ultimate Products (ULTP) has announced “results for the financial year ended 31 July 2024, that are in line with market expectations” and headlined “A resilient performance supported by wide-ranging operational progress, Cautious optimism for FY25”. So why a, little changed, now just over 140p share price comparing to approaching 180p reached in April?
Homeware brands company Ultimate Products (ULTP) has issued a third quarter, to 30th April 2024, trading update including to “expect FY24 revenues to be at least £156m, with gross margin being in line with last year, and Adjusted EBITDA to be in a range of £17.5-18.5m… the order book for FY25, at this early stage, is significantly ahead of FY24 as retailers continue to increase their forward orders as the overstocking issues brought about by the pandemic subside and consumer confidence builds as we see a return to real wage growth”. So what of the shares currently falling below 150p?
