Ig Design Share Discussion Threads

[abrargundroo] 29/12/2016 17:18

No news I'm aware of. Most likely Miton Group reducing their holding. Good buying op pre-Jan update

[petes5] 29/12/2016 17:14

A continous fall. Any news out there, there should be a trading statement soon.

[time 2 retire] 24/12/2016 12:51

I'm expecting 2017 onwards to be even better for us than the last 2 years with that "heaving" order book interceptor2-we have 2 new conversion machines starting up on Jan 3rd which will be run 24/7 and another 4 on order for the year, all part of 2017s planned £3 million investment, i don't think they'd be spending that kind of money if the orders didn't call for it.

Everything here still going in the right direction and i'm looking forward to 2017 onwards.

Merry xmas all
t 2 r

[interceptor2] 24/12/2016 10:23

Thank you for the links time 2 retire, I think there is a very telling line from Paul Fineman about what to expect in the January trading update.

"Paul Fineman, chief executive of the group, says order books for next year are “heaving”; because the drop in the value of the pound post-Brexit has boosted demand from abroad."

[time 2 retire] 24/12/2016 00:11

A 9 minute road trip around all of IG's businesses-a good watch.

hxxps://www.thedesigngroup.com/main-news/smiling-jigsaw-project/

[time 2 retire] 24/12/2016 00:08

Here's my post from Oct 19th, post number 2335.

"The Guardian newspaper are visiting the Wales factory tomorrow and the BBC on Monday."

We've already seen the BBC's piece but here's the Guardians...

[nocton] 20/12/2016 14:26

Don't forget to watch:
Inside the Factory on BBC2 tonight at 9pm.

It includes "Cherry travels to south Wales to meet the workers who make enough tinsel in a year to reach Hawaii, and she is given special access to a high-tech factory that produces over 400 million metres of bestselling wrapping paper."

[psolomons] 15/12/2016 13:48

That would be good. Straight to the bottom line !

[jeff h] 15/12/2016 13:23

Looks as though Drax have acquired the Hirwaun Power project.



"b. Hirwaun Power is a company holding a proposed development on land located at Hirwaun Industrial Estate, Aberdare in the County of Swansea. The site has a Development Consent Order (DCO)"

...I guess that means it is pretty certain we will get our £2.4m for the sale of the site.

[psolomons] 08/12/2016 21:07

All good PR t2r. Also everyone who held the shares today gets the dividend. Its not a huge amount but significant in the progress of the company.

[time 2 retire] 05/12/2016 23:43

"Inside the christmas factory" bbc2 Tuesday 20th December, a look at our South Wales operations

[jeff h] 30/11/2016 14:28

The IC say "Buy":-

With acquisitions adding to profits, gross margins up over a third and organic pre-tax profit growth at 25 per cent, there is a lot to like from these results. The strong order book means the group expects to report full-year results "materially ahead of expectations" and we don't think the shares trading on 18 times forward earnings take this into account. Buy.

[psolomons] 30/11/2016 08:30

The virtue of patience t2r ! It takes a bit of time to realise full value. My next task here is holding on the 9th of dec for dividend then its the January update. Nothing is certain but you would have to think that there will be considerable share price gains to come.

[cfro] 29/11/2016 17:48

Great video from above, thanks.

"Momentum in the business is strong and getting stronger.."

Excellent stuff from Paul Fineman. :-)

[time 2 retire] 29/11/2016 14:09

Price being held back again-should be flying up after amount of buying but stuck on £2.90p.

Paul Fineman speaking on Shareradio today.

hxxps://www.shareradio.co.uk/podcasts/how-did-ig-design-group-perform-in-its-half-year-results-29-nov-16/PodcastPlayer

[psolomons] 29/11/2016 10:33

Debt is no longer the problem it was a few years ago and is definitely not a problem here. They have a new lender and a plan to dramatically reduce borrowings in the short term. Holders on 9 December this year get the dividend, making IGR an increasingly good investment share.

[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)