Ig Design Share Discussion Threads

[time 2 retire] 29/11/2016 09:48

PeteS5, the slow down in debt reduction IMO is due to the Lang purchase and running costs.
Edison predict debt to be circa 10 million by financial year end and zero by 2018.

[petes5] 29/11/2016 09:41

Intend to hold but I was hoping for a bigger reduction in interim debt levels. I know the debt at the end of year is the one to watch but last year they had managed a 12m reduction by this time. This was supposed to be a major objective but as mentioned end of year is the important one as debt levels are always high for the interim. Despite this not a lot to complain about, in fact very happy. If anyone else has any thoughts on debt levels would be good to hear.

[time 2 retire] 29/11/2016 09:33

EDISON is quick to update...



Should be debt free by 2018 on a turnover of 320 million

[interceptor2] 29/11/2016 09:28

Thanks for the video link Tomps2, I have never heard Paul Fineman so confident and positive, he is clearly excited by prospects into the second half and particularly for next year.

Looks like current brokers estimates are about 30% behind imo, so expect 15% upgrades which will leave room for a ahead trading update before the finals.

[cfro] 29/11/2016 09:02

Agreed, a wonderful set of results.

[chasbas] 29/11/2016 08:55

This video interview with Paul Fineman is incredibly positive, particularly the Lang acquisition in the US. This share has legs...

[tomps2] 29/11/2016 08:14

A video of Paul Fineman, CEO talking through results:


(Length: c 4.5 mins)

[interceptor2] 29/11/2016 08:11

Excellent set of results, with strong organic growth and FX benefits, and ahead of expectations to the full year.

Added at the open.

[psolomons] 29/11/2016 08:05

Comments like, out performing the market and ahead of expectations don't come around that often. The full year divi raised too !

[jeff h] 29/11/2016 07:58

Beers all round - excellent performance.

[psolomons] 29/11/2016 07:51

You rarely see such a good set of numbers. They are paying an interim dividend too. Could hardly be better.

[nw99] 29/11/2016 07:31

Financial performance ahead of expectations, providing confidence for upgrading of annual dividend guidance

[time 2 retire] 29/11/2016 07:29

Wow what a set of figures....

· Sales up 21.5% to £145.5m at the half year from £119.8m
Ø 5.6% organic growth, 7.1% Lang and 8.8% FX translation
· Gross margin up 40.8% to £30.8m from £21.9m
Ø 14.9% organic growth, 13.8% Lang and 12.1% FX translation
· Operating profit before exceptional items and LTIP charges up 42.6% to £9.3m from £6.5m
Ø 13.5% organic growth, 10.9% Lang, 18.2% FX translation
· PBT up 57.5% before exceptional items and LTIP charges to £8.2m from £5.2m
Ø 25.2% organic growth, 13.7% Lang, 18.6% FX translation
· Underlying Earnings Per Share up 50.0% to 9.6p from 6.4p
Ø 20.0% organic, 10.0% Lang, 20.0% FX translation
· Net Debt is £1.7m lower than in the prior year at £76.4m
· Interim Dividend declared of 1.75p
· Financial performance ahead of expectations, providing confidence for upgrading of annual dividend guidance

[nw99] 28/11/2016 16:15

Indeed hence we should burst through 300

[psolomons] 28/11/2016 15:21

The beauty of this time of year is that we will get numbers for the first half followed, almost certainly, by an indication about the run up to christmas then early in the new year we are likely to get a trading update on how the festive period went. Good news flow to come !

[time 2 retire] 28/11/2016 08:48

Moving up nicely this morning ahead of tomorrows half year results...

[psolomons] 21/11/2016 13:43

Also all foreign earnings are improving the bottom line as the pound struggles.

[psolomons] 21/11/2016 13:27

Yes t2r and i'm expecting a very positive update on trading from Sept up to the pre christmas period. Im sure next year will see continued growth in all areas and a hike in dividend. Some way to go yet for the share price !

[time 2 retire] 21/11/2016 12:15

Its nice to see the upturn in IGR continuing with just over a week until the half year results due, much more to come hopefully...

[nw99] 18/11/2016 12:25

Looks like I was right no seller and well bid

[refillmore] 18/11/2016 00:05

NW99 since I have no idea what your question means, I asked my Magic 8 Ball and it said "Outlook good". Hope this helps :)

[nw99] 17/11/2016 18:43

112,000 sell print sellers cleared ?

[psolomons] 16/11/2016 12:29

CAKE looks too expensive i'm afraid and this is the IGR thread.

[tattooed93] 16/11/2016 11:40

highly satisfting

[abarclay] 15/11/2016 14:33

Anyone got l2