Ig Design Share Discussion Threads

[hastings] 16/4/2024 11:50

Enjoyed a very good 45 minute catch up with a lot of ground covered and plenty going on within the business.Impressed with both the CEO and CFO and their strategy.The TU will be on the 30th and I'll add my write up on that day, as it makes much more sense than posting it before then.Suffice to say, in short, they are comfortable with the recent broker note which although not surprising is nevertheless welcome.

[time 2 retire] 16/4/2024 08:25

Can you ask about the likelihood of a divi this financial year please Hastings.
Many thanks.

[hastings] 16/4/2024 07:57

Not sure how much they'll be able to say when I speak with them later, given the TU is imminent!

[deanowls] 16/4/2024 07:57

I’m guessing they can tell you nothing new then Hastings, maybe everything in line but would have been better to have a current update to ask questions over.

The communication and frequency leaves a lot to be desired.

[time 2 retire] 16/4/2024 07:44

Or maybe not.
I've said it before this company is it's own worse enemy when it comes to news releases, or lack of them!

[hastings] 15/4/2024 13:36

I'm assuming the TU is tomorrow, given I have a call with them late morning.

[blackhorse23] 15/4/2024 11:03

Money moved to GNC & encouraging return

[time 2 retire] 14/4/2024 06:25

hastings, have you confirmation on which day the trading update is due and can I ask where you get your info please? TIA

[hastings] 10/4/2024 08:56

I have a call lined up with management next week to coincide with the pre-close TU.
Will add a write up on the back of that for interest.

[time 2 retire] 09/4/2024 20:41

Canaccord Genuity reiterated it's buy rating yesterday so that was probably why we had a good day!

[aleman] 08/4/2024 13:53

We know it does not take a lot to move these either way. Maybe the seller has backed off and there's a little speculative buying ahead of the year-end update. There's certainly more volume for some reason, with the shares at the lowest they've been since the last news and that was pretty good. We only need margin recovery without sales growth and the shares should rise, and the board sounded reasonably conifident of that. Any outlook for revenue growth would be a big bonus. So, hopefully we should hear some good news soon and this looks as good an entry point as any when looking at recent months' share price action.

[lord gnome] 08/4/2024 11:56

Doesn't seem to take much to move the price unless - there is something I don't know.

[time 2 retire] 08/4/2024 10:40

Was we tipped somewhere on the weekend or was everyone waiting for the new tax year before pilling in?

[deanowls] 01/4/2024 10:46

I’m expecting sales down but cash positive. The busy period had passed and freight will normalize. They are doing a lot more in house now I think.

[dan_the_epic] 01/4/2024 10:25

Will freight costs (they said they were more floating at half results) and a weak christmas consumer cause a profit warning?

[tonytyke2] 15/3/2024 10:50

Yep justiceforthemany this appears to be in significant value territory imo.If the next update is anywhere decent we could be off to the races imo. Fingers and toes crossed on this.Sharepad stats today indicates a market cap of £115.5m and a NTAV of £279.2. Really that much variance?

[blackhorse23] 14/3/2024 08:44

I think GNC better chance for growth rather than IGR

[justiceforthemany] 12/3/2024 15:38

This is trading at very low multiples on all metrics.
NAV is 285p!

[deanowls] 26/2/2024 13:21

Some decent buys going through today again. Results will show cash, can they increase the margin and slow the falling sales. If they can this should decently rerate.

[deanowls] 21/2/2024 09:13

Continued block sales going through, big seller in the background holding the price down?

[blackhorse23] 15/2/2024 12:54

https://www.londonstockexchange.com/news-article/GNC/director-pdmr-shareholding/16333680

[aleman] 15/2/2024 10:06

Concentrate on margin. It's already reduced debt to the point that they can pay a dividend again. Growth will come in time or not but if they keep the better margin, we'll get a decent return through the dividend.

[investopia] 15/2/2024 08:36

Interesting point you make darrin1471 and food for thought. On balance, though, I'd rather have profits than volume. More bang for the buck, so even smaller increases in volume will then likely boost the bottom line.

[darrin1471] 08/2/2024 08:06

Has the EBT scheme supported the share price or put a lid on it?
Revenue growth predictions look easier to forecast than to achieve.
I do not follow IGR as closely as I used to but my view was that volumes were sacrificed for margin. Are IGR going to be able to get those volumes back on higher margins?

[masurenguy] 08/2/2024 07:48

"If I pull out one of the recovery names, IG Design Group. The provide celebrations paraphernalia to big retailers. Walmart, Tesco, etc. Historically done 6% to 7% operating margins. Those margins got crushed through Covid. Management have come out saying, we can get margins back to 6%. If they do, that business is trading on 5 x P/E. In the 5 years to 2021 the business traded in excess of 15 x P/E. So, I’m not saying that’s the right multiple, but 5 x is a very low valuation for that business." George Ensor, fund manager of River and Mercantile UK Micro-Cap, 2nd February 2024.