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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ig Design Group Plc | IGR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 8.00 | 4.65% | 180.00 | 10:24:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 168.00 | 168.00 | 182.00 | 172.00 |
| Industry Sector |
|---|
| MEDIA |
| Top Posts |
|---|
Posted at 30/4/2024 16:12 by aleman Not a lot of profit-taking after such a rise. I'd guess they might go little higher after Investors Chronicle write it up again. (They've covered it before.) I can't find anything yet so they might be saving it for the actual results or maybe waiting for a slight pull-back themselves so they'll get more bang for their buck. |
Posted at 18/1/2024 15:58 by aleman I think he is possibly exaggerating a bit but there is an underlying story there. The swing in net debt from H1 to FY can be over $100m and there is only $15m net debt at H1. The market will probably ignore a prospective large FY cash balance until it is announced and then rave about it as if it is some amazing turnaround when the turnaround is pretty much on show at H1. There are graphs of monthly net debt in the H1 presentation on page 10:I imagine the shares will rise in the run up to the results as it anticipates the huge improvement in net cash and the associated reduced interest cost of funding seasonal working capital. I don't think the market has fully understood the improvement as it has concentrated on the reduced revenues rather than margins, stocks and cashflows. I should caution, however, that the business has shrunk a bit and cut stocks so the swing could be less than $100m this time - but still give a good net cash figure. |
Posted at 28/11/2023 10:53 by aleman We should get another good write-up in the IC. This was published only 6 days ago, with comment on Canaccord numbers after the October update, so it should soon draw another comment with revised numbers tweaked or not.IG Design rallied in response to a half-year update. It confirmed that it had achieved “significant growth in profit and margins for the six months ended 30 September”. It added that “net debt was significantly lower than a year ago, reflecting strong cash flow”. “Both measures were notably ahead of management’s expectations for the period.” Canaccord Genuity issued a note that valued the company at 12.4 times earnings the current year ending March 2024. More importantly, it expects it to recommence paying a dividend in the following year to March 2025. Even after the rally in the share price, that leaves the stock at 150.5p, on a March 2025 price/earnings (PE) ratio of 5.9 times and a dividend yield of 6.4 per cent. Management is doing an excellent job of restoring the business to profitability. The jump in the share price suggests expectations were at rock bottom. I don’t think it is the only stock in my portfolio where some good news will spark a sharp recovery in the share price. |
Posted at 31/10/2023 07:08 by time 2 retire IGR gets a hold rating from Questor in todays Telegraph.The Telegraph If you are an aggressive, risk-tolerant investors should hold on to these shares Russ Mould Tue, 31 October 2023 at 7:00 am. wrapping paper. Regular readers of this column will know that one of our favourite trends at any company is a reduction in debt. Lower borrowings mean less risk, as well as lower interest costs. A less risky business can attract a higher multiple of earnings from investors to reflect greater certainty that profits will be maintained or increased in future, while lower interest costs mean, all else being equal, a rise in profits. Hence the potential for a nice double boost to the share price from a fall in debt. IG Design, the stationery, gift wrap and crafting specialist, looks like a case in point, rather as we hoped in our study of December last year. The shares jumped nicely last week thanks to comments in a trading update from the company that cash flow had exceeded forecasts, with the result that debt was lower than expected. The Aim-quoted concern achieved this thanks to cost cuts and operational efficiencies, even as sales in the first half of the fiscal year to March 2024 fell year-on-year, owing to weakness in the US market in the run-up to Christmas and some normalisation in seasonal ordering patterns. IG Design therefore still has much to do, even if chief executive Paul Bal seems confident that profits and cash flow will improve considerably in the current financial year. A refinancing in June and continuing debt reduction give Bal and the revamped management team room in which to work and the good news is that analysts’ sales and earnings forecasts are rising. That slow start to the festive selling season in America may have wider implications for consumer spending, so this is a trend that must be carefully monitored, especially by any investors who own stocks that rely on the US consumer and trade at a high valuation thanks to lofty expectations of future growth. At least in the case of IG Design we have some protection against any such adverse trends, since its £132m market value compares with $206m (£170m) of inventory on the balance sheet and net tangible assets of $263m (£217m at the current sterling/dollar exchange rate of $1.21). There is also potential for gains should the company even come close to achieving its goal of returning to pre-pandemic operating margins of around 7pc by March 2025, since earnings per share reached 16.9p in 2020. The shares trade at barely eight times that figure, although more work is needed on the balance sheet and the risk of a slowdown in consumer spending is not one that can be dismissed easily, so the stock is best suited to aggressive, risk-tolerant investors, not cautious ones or income seekers. The first-half results will be published on Nov 28; meanwhile the continuing reduction is debt is a welcome trend at IG Design and we will hold. Questor says: hold |
Posted at 05/6/2023 15:27 by se81 Ah ok- some details from progressiveIG Design has announced a successful and favourable outcome to the refinancing of its lending facilities. The new arrangement replaces the previous revolving credit facility (RCF) agreement from 2019, which was subsequently renegotiated in 2022. The new three-year facility is for $125m through an Asset Backed Lending (ABL) structure. This flexes in line with the group’s US receivables and provides ampleheadroom to finance the key working capital needs over the duration of the facility. In a world of risingcentral bank interest rates,thelower quantum of the facility coupled with the lowermargin than the previous facilityshould help managethe direct finance chargesassociated with the facility,as well as providesavingsinnon- New lending facilities−a successful outcome. IG Design has announced the successful renegotiation of its debt facilities after a thorough and rigorous process to secure the most appropriate arrangement to best suit its financing requirements. The new facility has been agreed with (existing relationship) providers HSBC and NatWest for $125m, together with an extension of its overdraft facility already provided by HSBC. The new facility is an ABL structure, which replaces the previous RCF structure, and is secured with an all-assets lien in the USAand an all-assets security in the UK. Facility terms−lower margin secured. The new facility carries an initial bank margin of 1.75% to2.25% over the forward-lookingterm rate based on the US Secured Overnight Financing Rate (SOFR), which stood at 5.08% on 1June. The margin delivers a markedsaving against the previous 2.5% negotiated on the extension of facilities in 2022, which was set to rise to 3.0% from June 2023 until March 2024. Given the long and careful process of renegotiation, which has included the fall-out of the Silicon ValleyBank situation in the US banking arena, the favourable outcome is to be applauded and should be well-received by investors. Next newsflow − FY23 full-year results. The group is scheduled to announce its full-year results for FY23 on Tuesday 20 June. This will include full details of the new financing arrangements. Having announced the appointment of its new CFO, Rohan Cummings,in early May, investor focus will likely be on operational progress, along with any articulation of updated strategic direction to deliver the group’s longer-term goals |
Posted at 19/5/2023 13:51 by darrin1471 virtual presentation and Q&A for investors at 14:00 on 20(th) June 2023. |
Posted at 20/4/2023 09:05 by aleman It was a very odd price move this morning. Trading over 180p yesterday and opened at 136p. It was the market makers that decided to drop the price rather than initial trading from investors. Why? |
Posted at 18/2/2023 16:30 by time 2 retire A fairly good write up by Kevin Godbold in the motley fool.1 cheap share I’d buy now in my Stocks and Shares ISA. There are many cheap shares around now because of recent geopolitical and economic events. And last year’s weak stock market created several attractive-looking investment opportunities for my Stocks and Shares ISA. One I’m keen on is IG Design (LSE: IGR). The company describes itself as a “leading” In the trading year to March 2022, around 69% of revenue came from the Americas and 12% from the UK. The remaining turnover came from other countries in the world. So IG Design has a well-developed international business with an emphasis on America. But as we might expect, operations have a lot of cyclicality. And that’s caused problems along with the well-reported general supply chain difficulties. I last wrote about the firm in November 2019. Back then, the business was riding high and growing like mad. And I reported the share price at 639p. But today, it’s in the ballpark of 153p. So what went wrong? The answer to that question is earnings. The pandemic and the other economic challenges caused the firm’s profits to drop away. And the share price plunged as well. Since its peak in January 2020, the stock is now around 78% lower. Therefore, it’s cheap in that sense. But the business is turning itself around. And the shares have been responding well. For example, over the past year, the stock has risen by just over 40%. But the enterprise has the potential to perform well in the coming years and to rebuild its earnings. The business is turning Last November’s half-year results were encouraging. Revenue for the six months to 30 September increased 8% year on year. And there was “improved profits and margin recovery”. The directors said they expected the full-year results to be “ahead of expectations”. City analysts have pencilled in a big earnings recovery of around 580% for the trading year to March 2024. But even if that happens, earnings will still only be around a quarter of those achieved in the year to March 2019. Meanwhile, the forward-looking earnings multiple set against that estimate is around 15. And that valuation strikes me as fair rather than cheap. However, if IGR can rebuild its earnings to somewhere near prior levels, the valuation today could prove to be cheap. But positive outcomes aren’t guaranteed. So I’d suggest this stock is not for widows and orphans, despite the potential of the business to recover and grow. But new chief executive Paul Bal is due to take up his position on 1 April. And he’s been the chief financial officer (CFO) since March 2022. But prior to that he served as CFO at Stock Spirits where he “was instrumental in the turnaround of the then LSE-listed group”. However, even with a refreshed management team in place, positive outcomes are not certain. And one thing for investors to keep an eye on is the big load of debt carried by the company. Nevertheless, I’m optimistic about the multiyear prospects for IG Design. And although I already hold some of the shares, I’m thinking about adding more to my Stocks and Shares ISA. Gets my goat when it mentions company debt, if these journos did a bit of research they'd see that it's seasonal debt, IGR always borrow heavily for the Xmas orders but are always cash positive at this time of year... |
Posted at 16/11/2022 16:21 by aleman So the company broker has increased its holding from 5.0% to 10.2% for its wealth management arm's discretionary investors. It says something if they are buying for their own clients in a big way. |
Posted at 08/11/2022 16:07 by blackhorse23 Everyone buying for results but investors already knows the results lol |
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