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IGR Ig Design Group Plc

210.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ig Design Group Plc IGR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 210.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
212.00 212.00 212.00 210.00 210.00
more quote information »
Industry Sector
MEDIA

Ig Design IGR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
23/11/2021InterimGBP0.012509/12/202110/12/202119/01/2022
15/06/2021FinalGBP0.057509/09/202110/09/202114/10/2021
24/11/2020InterimGBP0.0303/12/202004/12/202015/01/2021
28/07/2020FinalGBP0.057501/10/202002/10/202010/11/2020
26/11/2019InterimGBP0.0305/12/201906/12/201917/01/2020
11/06/2019FinalGBP0.0601/08/201902/08/201916/09/2019

Top Dividend Posts

Top Posts
Posted at 15/7/2024 15:02 by davidosh
Join us for a jam-packed MelloMonday tonight from 5:00pm with ex Schroders fund manager Iain Stsples joining us on the BASH when IGR will be one of the companies analysed. The programme for the evening is as follows:

5:00pm Interview with Investor and Ex-Schroders Fund Manager, Iain Staples
5:30pm Company presentation from TEAM plc
6:00pm Company presentation from Velocity Composites
6:30pm Trading update from Time Finance
6:45pm Educational Presentation
7:00pm Company presentation from Coral Products
7:40pm BASH (Buy, Avoid, Sell, Hold) Panel featuring Iain Staples (IGR), Paul Scott (GMS) and Mark Simpson (CAU)

For more information, click here:
There are lots of interesting sessions and all annual pass holders and individual ticket holders will be sent a recording of the show within 48 hours of registering. For half price tickets, use code MMSTOCKO50.
Posted at 09/7/2024 12:27 by time 2 retire
IGR ahead of the curve then by exiting China this year...
Posted at 08/7/2024 15:25 by time 2 retire
From Masterinvestor,
most of article we already now about so I'm just posting the end.
Nice bit about future dividends.

Management Outlook.

On 25th June on announcing the end March results, Chairman Stewart Gilliland stated that:

“I am proud to share another year of success on the Group’s journey to restore its profits, margins and financial strength, whilst also building a more resilient business model.

The year has also seen the start of balancing our focus on the recovery journey with establishing a longer-term strategy to return the Group to sustainable growth, which is requiring a lot of consistent effort from everyone across the organisation.

So, I would like to thank my colleagues throughout the Group for their hard work in delivering this year’s strong results and the progress on our strategy.
With an invigorated senior leadership across the Group, our financing secured and a strengthened and stable Board, the Group is well-set to complete its recovery over the coming year; and embark on an exciting growth-focused strategy for the years beyond.

Whilst the global political-economic backdrop could be better, the continued support of our customers and suppliers, who are working closely with our talented teams, positions us well to deliver better shareholder value.

Finally, I thank our shareholders for their continued patience and support as the business re-positions itself for growth off a more resilient foundation.”
Brokers’ Views
Analyst Mark Photiades at Canaccord Genuity Capital Markets rates the group’s shares as a Buy, looking for 325p a share in due course.

His estimates for the current year to end March 2025 are for $825.0m ($800.1m) sales, with adjusted pre-tax profits jumping nearly 40% to $36.0m ($25.9m), helping to generate earnings of 24c (16c) and enabling a dividend of 6c (nil) per share.

For the next year he goes for $855.0m revenues, with $43.0m profits, 28c earnings and 8.1c per share in dividend.

Further down the line Photiades looks for the year to end March 2027 to produce $900.0m sales, $50.0m profits, 33c earnings and 10.1c dividend per share.

He notes that given the group’s management’s confidence in delivery of a record group PBT outcome in the current year, largely through self-help margin and cost actions, he believes the recent price reaction post results (-17%) highlights a further buying opportunity.

The analyst concludes that the current valuation looks anomalous and compelling given the improving margins, combined with forecast cash generation and a strengthening balance sheet.

At Progressive Equity Research its analyst is David Jeary, his estimates are fairly similar to Photiades.

Jeary notes that profitability and earnings grow at a much faster rate than the top line, reflecting further benefits from the group’s self-help initiatives alongside positive operational gearing.

He is estimating that over the three years to 2027 the group will show a compound annual growth rate in its fully adjusted pre-tax profits of 24.5% – that really is a quite impressive rate.

Three analysts follow the group, each rating the shares as a Buy – with an average Price Objective of 302p.
My View
A CAGR of 24.5% over the next three years is good enough for me.

At the start of 2020 this company’s shares were peaking at almost 800p each.

Since then, it has been in a state of corporate repair, especially over the last couple of year, with its Management’s remedial actions beginning to show through quite beneficially.

Three weeks ago, the £198m capitalised group’s shares hit 240p, before easing back to a 182p low in the middle of last week.

Now at 197p they look to me to be an excellent purchase for investors taking both a short-term and medium-term view.

I now set a Target Price at 245p, which could well be achieved before the group’s AGM in mid-September, if not soon afterwards.


hxxps://masterinvestor.co.uk/equities/ig-design-group-a-bargain-opportunity/
Posted at 03/7/2024 08:32 by se81
Some colour on freight costs from Cana this morning

"Concerns over rising freight costs appear to be a potential reason for the price weakness. IGR, like many distributors of product from the Far East was impacted last time global freight rates spiked in 2021/22. However, as management reiterated at the FY24 results last week, the Group has worked hard in recent years to take actions to simplify its supply chain. The sourcing process is now much more consolidated and integrated which has helped reduce the number of equivalent containers needed to bring in product to end markets. This also provides earlier visibility of emerging risk. In addition, IGR has more opportunities through its contracts and better engagement with customers to help protect margins. The Group is also managing exposure to sea freight through operating a sizeable portion of its business on a Freight on Board (FOB) basis (~30%), which removes the onus of shipping from IGR. And then there is some protection through pre-contracting rates. There remains an element of exposure to a rising spot rate, which can’t be avoided, but management is comfortable that the business is in a more resilient position today than a few years ago, when it comes to this exposure"
Posted at 02/7/2024 09:53 by deanowls
There will also be an upside to this, cheap Chinese imports will become more expensive with longer lead times resulting in more opportunities for manufacturers in country of which IGR are.
Posted at 26/6/2024 07:25 by masurenguy
‘Buy’ IG Design, says Liberum

The investment case for gift wrap and Christmas cracker designer and manufacturer IG Design Group (IGR) is entering a ‘new phase’, according to Liberum. Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 345p stock, which softened 1% to 227p on Tuesday. The full-year 2024 results provided ‘confidence that the turnaround is progressing well’, said Brown.

He said it also confirmed the group is ‘pivoting towards sustainable growth’ and the investment case is entering a ‘new phase’. ‘The balance sheet is rock solid. With $95m [£80.2m] of net cash, profits could exceed peak full-year 2019 this year, and with sustainable revenue growth now firmly a target, dividends could be a feature in full-year 2025.’ Brown added that there were ‘many reasons to be confident’, including an order book running at 69% of budget versus 62% at the same point last year, self-help measures and cost efficiencies that will drive margins in full-year 2025, and the fact a consumer recovery is not needed for IG Design to hit numbers. ‘Even though the shares have done well of late, they are cheap,’ he said.
Posted at 25/6/2024 07:33 by time 2 retire
Nothing new in the results that was not mentioned in the previous update, was hoping for maybe a token special divi or at least a mention of when they're likely to recommence.

Hastings, thank you, could you ask the question about future dividends please.
Posted at 03/6/2024 13:26 by tomps2
IG Design Group (IGR) Full Year Results webinar

Tuesday, 25 June, 12:30pm

IG Design Group Chief Executive Officer, Paul Bal and Chief Financial Officer Rohan Cummings will host an online investor presentation of the group’s results for the year ended 31 March 2024, followed by a Q&A session.

To attend, register here: bit.ly/IGR_FY24_results_webinar
Posted at 30/4/2024 20:48 by hastings
Looking at the broker note and having spoken with the CEO, I'd be very surprised if there was a dividend before the end of full year 2025.What he did say, which I didn't include in my article is that they do not intend to commence a dividend only to then have to reign back. I'm therefore reading that 2025 will see the resumption of dividends as forecast with a confidence to continue that in the subsequent years.
Posted at 30/4/2024 20:16 by aleman
The dividend decision for Y/E 2024 could be interesting. If orders are flat for Y/E 2025, I suspect they might pay a 2.5p to 3p dividend from the better than expected earnings and cash balance . If orders are higher into Y/E 2025, and they are going to need some extra cash to build the higher stock swing needed to service them, then I suspect they might pass a possible Y/E 2024 dividend. It's not often that I hope a business does not return to paying a dividend soon, but I do on this occasion.

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