The Financial Mail in Sunday’s Midas column touted the actions of Hercules site services to its readers, pointing to its rapid growth and “robust” long-term prospects.
Indeed, as the tipster pointed out: “Britain’s infrastructure creaks at the seams, several projects are already underway and more are expected to follow.”
The main attraction of AIM-listed Hercules was an application
which connected construction job seekers, ranging from masons and pipelayers to engineers and supervisors, with people like Balfour Beatty, Kier or Skanska.
More than 2 million people were employed in construction in the UK and researchers believed that at least 250,000 more people would be needed by 2026.
More than 7,500 workers had already registered on the app and the number was growing rapidly.
The company vetted applicants and retained them in a job, helping them transition seamlessly from one job to another.
He also oversaw the payment of workers and ensured that they received decent wages.
Brusk Korkmaz, the company’s founder, also planned to open a specialist academy in 2023 to attract new workers to the industry and teach new trades to existing ones.
The Sunday Times‘s Lucy Tobin recommended investors buy shares of Global Sourcing of Ultimate Productsarguing that she should benefit from the cost of living crisis.
The company owned or licensed several brands, including Russell Hobbs cookware, Salter scales, Beldray vacuum cleaners and Dreamtime quilts, manufacturing in China and distributing its products through Argos, B&M, Lidl, Primark, The Range and TK Maxx.
And now several of its directors have bought shares, believing that the shares are now cheap and Tobin thinks the trend in the share price will “surely reverse”.
In this context, the company was due to publish its annual results during the next week, unaudited figures having already revealed a 13% increase in sales, but mainly due to the acquisition of Salter last June.
On the other hand, organic sales were only up 1%, but pre-tax profit jumped 42% to £15.8m.
At the same time, its shares were changing hands at about nine times earnings, compared to 16 in 2020.
Additionally, UPGS had invested in robotics to increase productivity and benefited from a strong management team.
“Like its own products – not Instagrammable flash-in-the-pan gimmicks, but reasonable and dependable kitchen mainstays – UPGS is a buy.”