Ig Design Share Discussion Threads

[shujja1] 26/1/2022 16:12

I think low low 58p cause no news for a bit.

[justiceforthemany] 26/1/2022 15:39

Yep so recent.

Price to sales = 0.08?

Insane

[bull19] 26/1/2022 15:37

I'm confused as to when that article was written? It says December?

[justiceforthemany] 26/1/2022 14:29

Investors Chronicle had it as a buy at 514p last year

Hedlund family own 23%
Hostile takeover??

[netcurtains] 26/1/2022 14:23

justiceforthemany: My come come from Wall Street Journal (I think they are pretty reasonable):


Its now a "near" netnet stock.

Eg its market cap is £110m
but has cash of £40m
And NAV of £260m

total CURRENT assets: £486m
total liabilities: £416m

total assets £713m

[justiceforthemany] 26/1/2022 14:20

hxxps://www.ii.co.uk/analysis-commentary/five-aim-share-tips-2022-ii522312

Tipped by Interactive Investor recently....at 260p

[justiceforthemany] 26/1/2022 14:20

Equity of $400M

Shares in issue 97M

Adjusting for FX NAV book price closer to 300p

Trading at a third of this.

[justiceforthemany] 26/1/2022 14:18

hxxps://www.ii.co.uk/analysis-commentary/five-aim-share-tips-2022-ii522312

[justiceforthemany] 26/1/2022 13:47

Was tipped by a few.
NAV closer to 300p

[netcurtains] 26/1/2022 12:46

Thanks s34icknote. No, it was impossible to sell first thing. By time could sell it was already 50% down.

I took the view, over 24 months its more likely to rise 50% than fall a further 50% - so decided to hold.
Plenty of scope for improvement.... And perhaps shorts closing at some point.

[s34icknote] 26/1/2022 12:37

Can't believe this is going so low !!!Hope some of you sold and took some profits I'm having same experience with dddd !!

[blackhorse23] 26/1/2022 11:11

Xmas finished so likely go down now

[bulltradept] 26/1/2022 10:48

Dead for the moment then!

[netcurtains] 26/1/2022 10:32

Its now a "near" netnet stock.

Eg its market cap is £114m
but has cash of £40m
And NAV of £260m

total CURRENT assets: £486m
total liabilities: £416m

total assets £713m

[blackhorse23] 26/1/2022 10:21

Xmas over so sell will go down now until summer

[grantley] 26/1/2022 10:07

This is painful - had bought years ago and multi bagged so bought more and was well into profit up to £8 on OCT 2019 and thought of taking profits at £7.50 and £6.50 and now gone from a multi bag to a loss. Never thought this would happen. On the comments about a UK company being successful in USA - I thought most the US business is as a result of a large acquisition of a US based company rather then a UK company starting from scratch.

[darrin1471] 26/1/2022 09:54

IGR are on my watch list but fortunately not my buy list.
This is not a turning ship yet. Icebergs are all around and no sign of clear water.
There are plenty of manufactures, importers and retailers facing similar issues
It should give us plenty of time to do some research.
Anybody been a long term holder or following IGR for years?

[netcurtains] 26/1/2022 09:28

johnrxx99: REXL - Its now one of the 20 biggest companies in the FTSE100....

You cant get any more successful in the US then that.

Then of course, just last year: ASHTEAD .... Blimy it went into orbit.

[wall street trader] 26/1/2022 09:25

That's a valid point and they make have to ask for more cash but they are doing the sensible thing and reviewing if they can cut overheads to generate more cash Any savings will go straight on the bottom line

[johnrxx99] 26/1/2022 09:24

Just looking in. Made a bomb b4 on this one but US seems to be really FU. Has anybody seen a UK company do well in the US long term? Starter for 10.

[netcurtains] 26/1/2022 09:03

Currently Market Cap: 114m
NAV 264.13m

The update says company is breaking even.
"IF" USA comes out of pandemic in 2023 oould possibly do well from this level
They also say they have about £40m in cash

eg its NAV is worth potentially double its current market cap.

Being one of the losers here, I'm going to simply hold and hope in a couple of
years it will be 50% higher then it is now.

Gut feeling is more likely (over 2 years) to be 50% higher than 50% lower than
current price.

[elsa7878] 26/1/2022 08:56

Tricky financial situation.
$40 million in cash but working capital requirements in the 1st half are well over $100 million (last year $140'ish). Is a bank going to be happy lending then $100 million when they are doing money and the market cap is only £120 million?

[theprovosts] 26/1/2022 08:43

You'd have thought people would be buying more craft things (i certainly have) to keep the kids entertained. But from £7 Jan 2020, to £1.2 Jan 2022? Looks a tad like capitulation?

[wall street trader] 26/1/2022 08:36

and a few more am at my maximum exposure to any one share now so will sit and relax and see what's going to happen - no shirt bet on these but think long term will be a good move

[wall street trader] 26/1/2022 08:15

I've just bought a few more - let's see what happens