Ig Design Share Discussion Threads

[blackhorse23] 31/5/2022 00:56

Most of institutions buy this stocks rather than retail investors, many stocks lost full value than back up again, because of timing it is down other wise not be like that , if one or two institutions give attention it will go skyrocket , IGR has very small amount shares in market , revenue always win

[justiceforthemany] 30/5/2022 22:19

Results out last week of June I think? Costs have clearly got way out of hand. You don't lose 90% of your stocks value for no reason. Management is clearly inept. Poor financial discipline. Surprised no one has come in with a low ball offer here. Revenue of a billion dollars and they can't turn a profit? WTF.
Those of you who are heavily invested here should be calling up and emailing the board, CFO, Chairman, Investor Relations, House Broker etc. A drop of 90% and all the director sales prior to the disastrous decimation stinks also. If you haven't you should ask yourself why. blackhorse??

[blackhorse23] 30/5/2022 18:14

I am still buying & collecting as much as I can , selling other stocks and buying IGR , once come to attention it will be 500p shares , huge increasing revenues of 963 millions against 48 mcap million , I have done my math lol

[arthur_lame_stocks] 30/5/2022 18:01

Well I've been buying, it's attractive on a TNAV and a PSR basis. I just can't see it going broke and if they are a bit cash strapped a fundraising of say £30m at today's price wouldn't destroy the value argument nor the potential for recovery to at least £3 imo.

[lord gnome] 30/5/2022 18:00

This is priced to go bust. Something doesn't smell right so I am staying out until there is some progress towards solving problems. Just what is wrong across the pond? Has the full story emerged yet? Sorry to be so negative. I have been a fan of IGR in the past and wouldn't mind coming back again. There will be plenty of time to get back in once we see progress being made. Until then I am sitting on my hands.

[justiceforthemany] 30/5/2022 17:55

Relentless selling. 90% down. Market cap a pitiful £48M now
Price to Sales 0.05 seems bogus
CSS alone was bought for £90M
Anchor Play Products bought out last week
NAV 4-5x current SP
Tipped by Interactive Investor on New Year's Eve at 270p
Bizarre. Very.

[fegger] 30/5/2022 15:25

Ichimoku indicators still negative. Likely to improve in July/August

[blackhorse23] 30/5/2022 15:19

Better stock than moon , mcap 3 times higher than revenues but IGR mcap 20 times lower than total revenue, huge opportunity

[value viper] 30/5/2022 09:56

Red day for IGR again

[blackhorse23] 30/5/2022 09:15

6 bid vs 1 ask

[no dice] 27/5/2022 08:57

Apologies, misled by Google's fubar reporting of Moonpigs's PER. It is indeed a slightly less stratospheric 41x, based on FY21 diluted EPS of 6p.

[blackhorse23] 27/5/2022 08:20

To IGR better than moonpig , moonpig revenu 350m but mcap 931m where IGR REVENUE 963m but mcap 49m , will be skyrocket soon

[yump] 26/5/2022 20:52

FYI Moonpig doesn't have a PER of 100, except in that other universe.

Half year eps was 4.5p.

[blackhorse23] 26/5/2022 10:19

IGR Will be hiking from 1st June when Claire taking over as non executive director, who is advisors of JP Morgan investment portfolio

[blackhorse23] 26/5/2022 08:46

Bought more today

[blackhorse23] 25/5/2022 10:54

Excellent value for new entry

[no dice] 23/5/2022 13:21

Meanwhile in an alternate universe...

Moonpig (market cap. £804m, PER 100) buys Buyagift (revenue £44m) for £124m.

[blackhorse23] 20/5/2022 09:00

Bought some more , could be takeovers coming like thg

[darrin1471] 19/5/2022 21:31

IGR bought CSS. CSS had falling sales and share price before IGR bought them. Using IGR design skills they have an opportunity to update the CSS range for their big US customers and sell the same or a similar ranges around the world to IGR's existing customers.
There has to be a significant risk that during the strategic review there will be stock or brands that need updating, closing or writing down.

hxxps://www.thedesigngroup.com/group/americas/

Take a look at the IGR webpage above and see which 2 pictures look like something from 40 years ago

[wigwammer] 19/5/2022 20:48

Well they did mention an FY22 write down in the update, but only to tax assets. Perhaps too early to say anything with conviction about FY23, but does suggest we should not see other write downs to the balance sheet ending FY22 .. "As a result of the lower than previously expected future earnings in the USA, the Group will book in FY22 a non-cash one-time reversal of deferred tax assets, meaning that adjusted post-tax losses and adjusted loss per share are expected to be significantly below market expectations."

[time 2 retire] 19/5/2022 20:08

Nice to have some informative posts off individuals other than the daily ramper who is jinxed, more they post more IGR falls.
Cheers all.

[darrin1471] 19/5/2022 19:53

I don't think Walmart/Target inventory issues has any relevance or effect on IGR directly.

What I am trying to say is that investors and analysts are going to be more interested than normal in inventories and write downs. IGR needs to be clear about what they are writing down (if they do) and why inventories are increasing.

[wigwammer] 19/5/2022 19:01

Thanks Darrin and deanowls. The Wal Mart inventory data relates to the quarter up to 30th April. This is just 3 days after IGR gave their trading update. So there should be littleabout WM's situation that was not evident to IGR management at the time they gave their update. This is what they said "The business has had good success in mitigating a significant proportion of the ongoing cost pressures through discussions with customers. Progress has also been achieved including a restructuring of the US commercial, manufacturing and supply chain operations, which while removing costs also better aligns and accelerates decision making and improves accountability. In addition, operational cost savings have been implemented reducing external storage and freight handling expenditure while also ensuring in-house manufacturing is well prepared for the forthcoming season."

[deanowls] 19/5/2022 18:58

Worth listening to the loadstar podcasts for chat on logistics.

A lot of stock was late into suppliers resulting in lost sales but if of a seasonal nature should unwind 12 months on.

Tied up capital and will work it’s way through.