Ig Design Share Discussion Threads

[tomps2] 28/11/2017 07:42

IG Design Group (IGR) H1 results November 2017

Overview by Paul Fineman, CEO



Overview – 00:17
Territories – 01:27
Diversification – 02:35
Driving efficiency – 04:13
Acquisitions – 06:08
Outlook – 07:13
Group Financial Officer – 8:11

[nw99] 28/11/2017 07:36

Looks good Rivaldo

[rivaldo] 28/11/2017 07:32

Very good H1 results, with PBT up 27% to £10.5m (from £8.2m) and underlying EPS up 14% to 10.9p.

A confident outlook too, as well as a high-profile CFO appointment:

"A full order book and a strong performance in the first half of the year provides confidence that the Group is fully on track to meet full year market expectations for profit and other key underlying metrics.

Paul Fineman, Chief Executive said:

"We are once again delighted to be reporting a robust performance during the first half of the year, with all regions trading profitably and growth being achieved both organically and through acquisition.

Our business is diversified by product category, regional activity and by customer channel, all with a common theme of adding value through potent and commercial design, efficient manufacturing, sourcing and excellent customer service.

Building on our established track record, we are pleased to be identifying still further compelling investment opportunities to continuously improve efficiency and enhance capability across all territories.

We look forward to providing a further update during January and remain committed to creating sustainable value for our shareholders through both organic growth and, when the opportunity arises, through carefully considered acquisitions."

[time 2 retire] 27/11/2017 15:11

Last bit of topping up before the results, onwards and upwards...
GLA

[panic investor] 27/11/2017 14:01

Are the figures due out tomorrow ?

[interceptor2] 24/11/2017 08:22

Thanks t2r I hadn't noticed the increased broker estimates which are 15% higher than my records from July.

If sentiment has continued in a similar pattern to the August trading update, then next Tuesdays interims should be rather good.

Edit, Correction not 15% increase but about 3%, I had calculated on this years revenues.

[time 2 retire] 24/11/2017 08:15

I've just noticed that next years revenue forecast has been upped to £342.40 million with a pre tax of £23.20 million-looking good...

[nw99] 23/11/2017 15:39

Mopped up just now

[time 2 retire] 23/11/2017 14:19

Someone mopping up these ahead of next weeks results and price holding up very well. Could blast through the 4 quid mark if results are anything like expected.

GLA

[time 2 retire] 15/11/2017 23:42

Was trying to post an article i found but would not let me copy and paste, its on Interactive Investors IGR page if anyone interested.

[rivaldo] 07/11/2017 16:17

Buying at 402p now - £10k just bought at that price.

Good spot time2retire.

[time 2 retire] 06/11/2017 17:39

Going by the charts we closed near an all time modern day high, 3 weeks to half yearlys...

Kind of tipped by citywire today...

Small is beautiful
The good news is there are investment opportunities across the AIM market for investors who are able to move further down the market cap scale.

Here, Woolley highlights IG Design Group (INGR +
), which manufactures greeting cards and gift wrapping, as a good example. Since the team bought the stock in early 2016, its market cap has doubled to £200 million. On a price-to-earnings ratio of 16 times, they believe it looks attractively valued.

hxxp://citywire.co.uk/money/bubble-warning-for-aims-soaraway-abfab-stocks/a1066188

[rivaldo] 02/11/2017 15:38

Hi pnetol. Bearing in mind the strength of the latest trading update you may be right about getting an upgrade, though it may be a little early in the financial year for that - maybe after the interims are out or with the year end trading update.

OT : re FTC, I sold but still follow the price. The share price has run up, so well done! But I'm not yet convinced - it's trading is historically a bit lumpy, and with the completion of prior large orders and reduced broadband demand from a large customer I'll wait and see if it achieves forecasts.

[ihatemms] 02/11/2017 12:10

Interims due 28 Nov according to web-site - not long to wait.

[pnetol] 01/11/2017 19:46

Hi Rivaldo, I hope that you are well, just wondered what your thoughts are here as a target price? I have a sneaky feeling that we might get a profits upgrade on their next statement?Off topic, I had a small nibble on Filtronic at 13.6, are you still following them??

[rivaldo] 01/11/2017 09:10

Indeed - it concludes "I remain a buyer".

Today's rise is a bit of a delayed reaction, but better late than never :o))