If you'd invested in: Softcat and UP Global Sourcing
Favourable market conditions have seen Softcat's share price double in 12 months, while Up Global Sourcing has seen its share price slide by over 60%.
If only...
Softcat (LSE: SCT)
Be glad you didn't...
Up Global Sourcing (LSE: UPGS) is the designer, developer and licensee of several mass-market consumer brands, including Salter and Russell Hobbs. Rising cost of imports it sources many of its goods in China caused by the post-referendum slide in sterling dampened consumer confidence; the consequent slide in discretionary spending led to a 29% fall in revenue for the six months to the end of January, after an "exceptionally strong" first half of 2017. Full-year profits are in line with expectations, but the share price has fallen more than 60% in the past year.
