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UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 12,900 ordinary shares as part of its ongoing share buyback program. This move, executed through Shore Capital Stockbrokers Limited, is part of the company’s strategy to manage its share capital and enhance shareholder value. Following this transaction, the company’s total issued share capital will consist of 86,927,692 ordinary shares, impacting the total voting rights and potentially affecting shareholder notifications under FCA rules.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Neutral.
UP Global Sourcing Holdings exhibits strong financial health with robust margins and effective cash flow generation. Its attractive valuation enhances its appeal, although technical indicators suggest bearish sentiment. The share buyback program further supports shareholder value.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
Ultimate Products PLC is a prominent player in the homeware industry, owning leading brands such as Salter and Beldray. The company specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. With a presence in over 38 countries and sales to more than 300 retailers, Ultimate Products caters to a diverse range of retailers from large national chains to smaller outlets. Established in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
YTD Price Performance: -44.86%
Average Trading Volume: 179,279
Technical Sentiment Signal: Buy
Current Market Cap: £54.03M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.