Ig Design Share Discussion Threads

[hamhamham1] 07/12/2024 17:52

HAMHAMHAM1 RAISES IG DESIGN GROUP PRICE TARGET TO 245 (180) PENCE - 'BUY BUY EVERYBODY BUY BUY'

[battlebus2] 04/12/2024 19:32

Thanks T2R. 🤞. Hope that retirement is going well.

[time 2 retire] 04/12/2024 19:24

Hi bb2, good to hear off you, we conversed a few yrs back.
Yepp I spent 24 years with IG before retiring in 2012 but I'm still here for my sins.
Glad to see you a holder once again, good luck to us both.

[battlebus2] 04/12/2024 19:18

Hi T2R. You’re a blast from the past. Do I remember you working for IGR way way back?

[time 2 retire] 04/12/2024 19:16

Bh23, no active shorters with IGR apart from you and you're irrelevant!
Hamilton sold under 3000 shares out of 10 million so nothing to worry about but nice try!

[blackhorse23] 04/12/2024 12:00

Hamilton is shorting , ref: RNS

[battlebus2] 29/11/2024 13:47

Thanks value hound. I agree with all of that summary. I’m optimistic that management will do what they say.

[value hound] 29/11/2024 12:32

I bought back in at 110p this week - but also bought a few on the warning at 123p iirc. Anyway, FWIW, Small Caps Live Weekly Summary have this to say today:

IG Design Group (IGR.L) -Interim Results
On the surface, these don’t look great:

And the market agreed, with the shares selling off 13% on the day. 11.2c vs 25c last year looks a particularly poor result, but this is the hope:
Business simplification, efficiency and cost-saving initiatives will drive profit recovery in H2 such that we expect to deliver a profit in that period, compared to a loss in that period last year

The reality is that all this was a known known from the recent trading update. Perhaps the outlook has done the damage:
This represents continued strong year-on-year improvement in both profit and cash flow compared to the prior financial year, albeit towards the lower end of the Board's profit expectations set at the start of the year.

But again, this isn’t materially different to what they said in their AGM statement. So it is strange that investors seem to be unable to convert profit to EPS, or the reality of how H1 looks in black and white has spooked the market. There is also a big gap between adjusted and statutory figures:
The China site closure accounts for $4.3m of total adjusting items, with $3.0m relating to staff costs and the remainder to asset write-downs and other closure costs. The ongoing business reorganisation at DGA accounted for the other $2.4m, with $2.2m relating to staff costs and $0.2m to a warehouse consolidation project.

But closing a site should be mostly a one-off. The PI World presentation revealed that these costs are largely complete, with just a few extra redundancies in North America due in H2. They also have specific reasons to think that H2 will be better than H1:
In DG International, $2.1m of profit was due to delayed orders that moved from H1 to H2. The lack of losses from China should also contribute to a $7.6m swing H1->H2.

In DG Americas, they have had initiatives to drive increased operating profit: cost reduction & simplification totalling $9.4m. On top of this, in Q4 last year they reduced deliveries to protect themselves from customers at risk of going into Ch11 and they don’t expect the same this year. All in all, they are confident that DG Americas will be profitable in H2.

The market is clearly calling BS on them hitting the FY25 forecasts, but even if it takes a bit longer to see a full recovery, they are trading on a P/TBV of around 0.5. The majority of this is inventories, so if these assets can be made productive again, the share price will be materially higher. At the end of the results presentation, they summarised the current situation:
The first half was tough, and the retail environment was tough. Consumers were under pressure. It will pass. The strength of relationships with major retailers remains.

Given that they now have net cash for almost all of the year, the risk of insolvency is negligible. Management are doing the right things to improve productivity, so it seems to be a case of simply waiting.

[battlebus2] 28/11/2024 17:36

Hi ottrott, good to see a familiar face. You’ve been very patient.

[ottrott] 28/11/2024 16:44

Good to see you back bb2. Been long here since 5/22.

[battlebus2] 28/11/2024 16:19

I’m a buyer here today. While some doubt remains I believe we should see their initiatives start to show through. Risk rewards at this level look good to me. DYOR and good luck holders.

[blackhorse23] 27/11/2024 09:57

Will drop below 70p again?

[time 2 retire] 26/11/2024 17:16

A dire set of results, all the excuses under the sun except their own management skills or lack of them.
If directors are so confident/certain of that 4.5% profit margin they keep banging on about how's about putting money where your mouth is and buying some more shares!

[tomps2] 26/11/2024 14:52

IG Design Group (IGR) Half Year 2025 results presentation - November 2024

IG Design Group CEO, Paul Bal and CFO, Rohan Cummings present the group’s results for the six months ended 30 September 2024, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[deanowls] 26/11/2024 13:40

Not really Kem, it all flows back in now as they sell all the Christmas crackers. At this rate the market gap will be all cash in six months time.

[kemche] 26/11/2024 10:16

Going through the cash at knots.

[mwj1959] 26/11/2024 08:55

Doubled and halved all in the space of 6 months!

[blackhorse23] 26/11/2024 07:55

profit & revenue warning

[blackhorse23] 26/11/2024 07:38

Every thing declined??? Bad results

[tomps2] 06/11/2024 11:11

Braemar (BMS) Half Year results webinar

Friday, 8 November, 1:00pm

Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds will present the groups results for the six months ended 31 August 2024, followed by a Q&A session.

Register here: bit.ly/BMS_H125_results_webinar

[tomps2] 06/11/2024 10:48

IG Design Group (IGR) Half Year results webinar

Tuesday, 26 November, 11:00am

IG Design Group CEO, Paul Bal and CFO, Rohan Cummings will host a presentation of the groups half year results, followed by a Q&A session.

Register here: bit.ly/IGR_HY25_webinar

[darrin1471] 30/10/2024 09:34

After the last trading update I wrote in post 1483 of 1520

"Lower sales reduce working capital requirements and increase cash and reduce the cost of debt. But this is a one-off gain, maybe necessary, but if you want to increase revenue then working capital will have to rise again
Marketscreener has revenue as 784 in 2022
695 in 2023 (-11.3%)
631 in 2024 (-9.25%)
Forecasts for 2025 revenue were 649 (+2.9%) but IGR is now forecasting -5% which would be 600. A shortfall of 50 in this trading update.
Revenue will have fallen 23.5% in 3 years in a period of double-digit inflation"


Marketscreener now has average analyst forecasts (3) for 2025 down to 575 (-8.9%) from 600 (-5%) a month ago and down from 649 (+2.9%) a couple of months ago.
Cash generation is easy if you are reducing working capital requirements by reducing revenue.

[martinmc123] 29/10/2024 13:20

IG Design Group issued a HY update after yesterday’s close confirming the downbeat guidance from last months AGM update. Group revenue has declined 11% in the period, driven by DG Americas, which resulted in a 62% decline in adjusted profit in H1 compared to the prior year period. The bad news was clearly very bad, but it had been flagged up and the share price has actually bounced 7% today. So perhaps some “sell the rumour, buy the fact” going on. But also belief that the worst may now be behind the company. Management reiterated their expectation for profit improvement in H2 due to ongoing business simplification, efficiency and cost-saving initiatives. The business has executed a number of cost saving initiatives during...from WealthOracle

wealthoracle.co.uk/detailed-result-full/IGR/923

[martinmc123] 29/10/2024 13:19

1*
Sareum Holdings plc, a biotechnology company developing next generation kinase inhibitors for autoimmune disease and cancer, posted weak FY numbers for the year ended 30 June 2024 this morning. The Group reported another loss on ordinary activities after taxation for the year ended 30 June 2024 of £3.4 million a little larger than the £3.2 million loss for the year ended 30 June 2023. The business has not managed to generate revenue yet let alone profit and continues to raise funds to exist. Post period end, the Company completed fundraises totalling £3.4 million (before expenses), from certain high net worth individuals, corporates and institutions, via subscriptions for a total of 16,264,444 new ordinary shares of 1.25 pence...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/IGR/923

[refillmore] 29/10/2024 12:18

Revenues are down for blackhorse. She only gets paid if IGR goes down.