Hello Share Planners. It’s possible you’re not familiar with a company called Ultimate Products Global Sourcing (UPGS). But you will have heard of its own brands or those it has under licence. They include Russell Hobbs, Dreamtime duvets and Beldray vacuum cleaners. And it recently snaffled Salter scales. All these are quite must-have things that could defy the effects of the higher costs of living.
Previously writing on audio, heating/cooling, housewares, laundry, luggage and small domestic appliances “value-focused consumer goods” company UP Global Sourcing (UPGS), last month with the shares at around 60p I concluded I do see longer-term recovery potential from here, but the current financials and manufacturing situation see this only, for now, on the watchlist. Today a “COVID-19 update”…
A “Trading Update and Notice of Results” from “value-focused consumer goods” company UP Global Sourcing (UPGS). Particularly pertinent as “the majority of the group's manufacturing is based in China”…








