Ig Design Share Discussion Threads

[sig1978] 06/3/2019 17:44

This share does my head in the way it moves down when things are looking so good!

[time 2 retire] 26/2/2019 16:08

A few hefty buys coming in, maybe 🐙 octopus 🐙 adding a few more to holding!!

[jeff h] 25/2/2019 11:00

Who’s trading? Citywire AAA-rated Richard Power

The trade: Octopus’ head of micro-caps upped his stake in greetings card and gift wrap maker IG Design Group from 7.9% of shares to 8.1%.

How have the shares performed? After rocketing 241% over the three years to January, to hit a post crash high of 618p, shares have since slipped, and were trading at 573p on Friday.

What does the company say? In an update late last month IG reported revenue 36% up over the nine months to the end of December. Earnings were on course to climb 20% in the year, following a four-fold climb since 2015, as the company reaped the success of an overseas expansion strategy.

What’s the outlook? The dip in its shares has left IG cheaper but still not cheap at 17 times 2019 earnings versus a peak 21 times. Analysts still reckon that offers keen value however, with a median price target of 720p, up from 640p a month ago, and a unanimous ‘buy’ rating.

[time 2 retire] 21/2/2019 14:48

Directors buying always a good sign in a company...

[time 2 retire] 11/2/2019 17:37

Good to see Octopus topping up their holding...

[time 2 retire] 06/2/2019 15:18

Some nice hefty buys going through at full offer price, once these cleared we should be on the up again...

[s34icknote] 06/2/2019 07:47

One thing I've learnt over the last three years is you can not make judgements on director buying and selling .And I've been trading for twenty years odd !!!Sicknote

[gswredland] 01/2/2019 12:43

Yes and such a good trading update very recently
Bought in yesterday morning and may add with this dip!

[rivaldo] 01/2/2019 11:25

Agreed - complete overreaction. A CEO only has very limited windows of time in which to sell, AND this has to combined with a time when there is sufficient institutional demand out there.

Perhaps the real story here is that there were willing buyers for £11.5m of shares waiting to snap them up at 554p when a year ago these were only 400p.

[time 2 retire] 31/1/2019 14:51

Could be finishing in the blue here today! I've always said that mm's are crooks!

[scottishfield] 31/1/2019 12:24

Yes, agreed.

[wjccghcc] 31/1/2019 12:05

Bought back the ones I sold at 550p. The Softcat Chairman just sold 1/3 of his stake and the share price hasn't moved. Bit of an overreaction here IMHO.

[shanklin] 31/1/2019 11:36

My apologies I misread the RNS rather badly. Have removed the offending text,

[ottrott] 31/1/2019 11:27

Octopus went from 6.73% to 7.61% =0.88%
Isn't that 689k shares (0.88% of 78.365m?

[time 2 retire] 31/1/2019 11:27

Am I missing something Shanklin? Octopus upped their holding from 6.73% to 7.61% according to RNS, this is about 700k shares hence I wrote earlier that more RNS to follow.

[shanklin] 31/1/2019 11:13

Added between 507 and 512.

[gswredland] 31/1/2019 11:12

Just bought in
Things look good and good to see institutional buying

[shanklin] 31/1/2019 11:03

Currently less than the £5.10 placing price for the Impact Innovations acquisition.

[time 2 retire] 31/1/2019 11:00

There you go, Octopus added to their holding, I expect a few more RNS like this. Fineman sold to allow institutions to top up. IMO

[time 2 retire] 31/1/2019 10:54

There's fundementaly nothing wrong here, we all read last weeks trading statement! I don't think Fineman wanted to sell but as the RNS stated, it was for financial planning. Some obviously spooked though and MMs having a little fun as they often do with this share!!

[gswredland] 31/1/2019 10:53

I am a newbie to market but assumed that they would be released in dribs and drabs?