Medway Man
12 Feb 2018
Result decline was already stated ........ ,,,,,,,,,,,,, back in 7th November 2017 RNS feed, so am surprised the drop has been as great as this>>>>>>>> November 2017 - Outlook & Market Environment - The Group operates primarily in the branded, value-focused consumer goods sector in the UK. Due to ongoing macroeconomic uncertainty and tougher trading conditions, retailers are generally exercising caution with regard to their non-food buying as we head towards the end of the calendar year.As a result, we are seeing retailers’ reluctance to order too far forward and many are placing orders later or buying from stock. The lower volumes available to non-food suppliers and retailers’ desire to minimise increases in retail prices is creating an even more competitive environment than normal. As previously announced, the Board therefore anticipates that revenue growth for FY 18 is unlikely. In addition, approximately £4–5 m of FY 18's revenue will now be recognised in FY 19 as a result of the move from FOB to landed arrangements with a key European customer. However, Ultimate Products is used to managing such challenging dynamics. Current trading is in line with expectations and the Board remains confident that the business will continue to deliver sustainable, long-term growth.
BlackPrince
05 Feb 2018
Re: Bought 80.39p - ouch!Market correction is well overdue, perhaps another 5-10% to go down before we see an upturn but the fundamentals seem sound so hopefully you'll return to profit later in the year.Good luck.
paul1945
06 Dec 2017
Bought Just bought small to average @ 80.39 hope at the bottom
paul1945
07 Nov 2017
buy Big fall big + + @ 94.565p
LuckyHooker
07 Nov 2017
Aha some more Directors purchase a total of 500,000+ shares once closed period is over.Now, that's a sign of confidence.....Andrew
LuckyHooker
07 Nov 2017
Aha. Very good results.Wonder if the people who fled in panic will come rushing back?I hope so! I trusted a gut instinct and broke my usual rule and averaged down. Break-even for me is £1.08
John09
13 Sep 2017
Ok the drop is the drop but... Watch out for these scary intraday tree shakes to let the likes of Schroders fill their boots see RNS
LuckyHooker
12 Sep 2017
Directors Statement from the directors might be nice after a 50% fall in the SP in just 2 days.
