Ig Design Share Discussion Threads

[netcurtains] 04/1/2022 09:19

bbd: After the small profit-taking, there certainly has been a lot of buying pre-new year and post-new year.

What attracts me to this stock is its great NAV...

Current Assets: 486m
Total Assets: 713m

Total Liabilities: 416m

Thus NAV: 297m
Market Cap 251m

Thus Its market cap is £46m below its NAV....And it makes a profit!!!!

Currently, the RSI is quite low so it's miles away from being overbought!

[bigbigdave] 04/1/2022 08:36

These days there is little forgiveness from investors for profit warnings. One of the companies that has suffered is gift wrap and craft products supplier IG Design Group
IGR
2.66%

Revenues are in line with expectations, but additional costs have hit profit. Management warned that operating margin could be between 1.75 percentage points and 2.25 percentage points lower than last year, when it was 4.8%.

IG Design has strong relationships with retailers and other customers and, despite supply problems and difficulties recruiting the staff it requires in North America, the company has not lost any significant business. New prices are being negotiated and some customers are taking on transport costs themselves.

In the past, Christmas dominated IG Design revenues. It is still important, but diversification into craft products means that the seasonality has been reduced. That means that IG Design could still do better than expected in 2021-22, but it makes more sense to assess the potential for the year to March 2023.

The integration of the CSS craft products acquisition, which was made in 2020-21, continues and there are more cost savings to come. The production efficiencies that IG Design is undertaking to offset the current problems will benefit the business next year.

The share price has made a modest recovery since the profit warning. The current consensus forecast 2022-23 pre-tax profit of around $30 million, is still well below the $37 million achieved in 2019-20. That forecast would put the shares on around 19 times prospective earnings, but this appears to be deliberately cautious with opportunities to upgrade over the next year if there are no additional problems.

The net tangible asset value is around 200p a share. Polar Capital has built up a 5.18% stake and Octopus has increased its shareholding from 11% to 12.3% since the profit warning. Buy for recovery.

[netcurtains] 14/12/2021 16:08

A bit of profit taking.
I guess to be expected.

[netcurtains] 14/12/2021 15:54

!FOLLOWFEED

[netcurtains] 14/12/2021 13:43

Its worth noting not only is the graph looking a great recovery play, the company is also trading BELOW NAV value!!!
Also, of course, it makes Christmas crackers!

[netcurtains] 13/12/2021 08:32

Its a great looking graph.

[kooba] 10/12/2021 15:24

Moved into the gap..no resistance.

[netcurtains] 10/12/2021 13:39

s34icknote: Thanks. Got to stick with Christmas, New Year and valentines stock first.

[s34icknote] 10/12/2021 12:48

Nice to see this recover A quality business

[s34icknote] 10/12/2021 12:47

Net always looking for value !!!Try the car dealers netIn a sweet spot with lowest ratings !!

[bigbigdave] 10/12/2021 11:43

Good buying today.

[time 2 retire] 10/12/2021 09:17

I posted it yesterday 😂. Yepp, Dec 9th for only 1.25p though.

[netcurtains] 10/12/2021 08:28

I think that was yesterday (not sure)

[time 2 retire] 09/12/2021 19:41

X divi day too netcurtains.

[netcurtains] 09/12/2021 16:27

Bit more Christmassy today.

[netcurtains] 08/12/2021 14:36

IGR have Christmas sorted!

[netcurtains] 08/12/2021 14:26

This company has assets of £553m !!!
Liabilities of £269m

NAV of £284

But the market cap is only £262m
Thus the company is trading BELOW NAV

Blimy....

It makes a profit!!!!
It pays 2.58% dividend yield!!!


I bought some!

Big in hobbies and celebrations!!!


Average price since end of 2017 has been about 450.


Thanks

[tomps2] 24/11/2021 10:53

Here's the IGR H1 22 results presentation given to investors 23.11.21, including Q&A.

Video:

Podcast

[abarclay] 23/11/2021 08:40

underwhelming

[tomps2] 23/11/2021 08:22

IG Design Group (IGR) H1 2022 results overview


CEO, Paul Fineman, and CFO, Giles Willits, give an overview of the interim results for the period ending 30th September 2021.


Watch the video here:

Or listen to the podcast here:


Join us for the Ig Design (LON:IGR) interim results webinar later today at 1pm. CEO, Paul Fineman & CFO, Giles Wilits, will present interim results followed by Q&A.

Register here: [...]

[wall street trader] 23/11/2021 08:14

This just has to be a great long term hold may see some buffering around for a year or so but in ten years this will be significantly higher than today

[abarclay] 11/11/2021 22:34

warning no. 2 after christmas

[wall street trader] 11/11/2021 17:07

for me this is priced in now

[abarclay] 11/11/2021 08:52

will warn again , lots of ships stuck in port with wrapping paper and crackers that wont now come untl january