Ig Design Share Discussion Threads

[blackhorse23] 10/6/2022 11:41

Could see share price around to 500p at 2022 , like to like sales up by average 15% to billion , JP Morgan price prediction 519p at 2022 for IGR

[darrin1471] 10/6/2022 11:37

Kulvinder.
Post 412 "problems arose due to components stuck in US west coast ports. IGR had to pay a premium to get them out of the port and a staff overtime premium to get them combined to get them out to stores. IGR said they overspent to keep their customers happy." Wiped out profits.
500p was based on growth strategy. Organic and bolt on. IGR bought CSS. CEO and FD sold shares and have subsequently left.
Bolt on acquisitions now unlikely due to low value of stock and changes in working capital requirements. Organic growth still possible subject to macro economy.
No longer the same growth story. Now a recovery stock. Led to change of investor profile.
Increased costs will take a few years to pass onto customers. Cost of working capital requirements will come from any profits.
Review of US business including CSS may result in write downs.
Margins and dividend going to take a couple of years to recover.

[blackhorse23] 10/6/2022 09:42

Company banking facilities have been extended until 2024 which is excellent news , another round hike will be coming once accounts have been published, sales up at all revenue by 12% to 20% which is very good news

[blackhorse23] 10/6/2022 09:39

10p dividend

[kulvinder] 10/6/2022 09:27

What made drop from over 500 to 50p? Thanks in advance.

[blackhorse23] 10/6/2022 08:58

75-80p by end of today, return forecast 600% upwards

[blackhorse23] 10/6/2022 08:25

IGR share price prediction is 519p at 2022 ! Let's see

[time 2 retire] 10/6/2022 00:05

What exactly is that link all about BH?

[blackhorse23] 09/6/2022 23:50

https://www.google.com/search?q=ig+design+group+share+price+forecast&rlz=1CDGOYI_enGB915GB915&hl=en-GB&sxsrf=ALiCzsZVcT_gu9SLp_UOz5BzH3fGq6lcEQ%3A1654814959601&ei=73iiYrupJMSFhbIPmZywsA8&oq=&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAEYATIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzINCC4QxwEQowIQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzIHCCMQ6gIQJzINCC4QxwEQrwEQ6gIQJzoHCAAQRxCwA0oECEEYAFAAWABgrCJoA3ABeACAAQCIAQCSAQCYAQCgAQGwAQ_IAQPAAQE&sclient=mobile-gws-wiz-serp

[blackhorse23] 09/6/2022 15:01

Bought more today lol

[blackhorse23] 09/6/2022 10:58

IGR , The products they have very good , own design, own factory, market globally... similar products moon have but their mcap 4 times higher than revenues , guess IGR will be something like that soon

[darrin1471] 09/6/2022 09:28

bwana4/Deanowls I am not aware of them sitting on stock missed at xmas. My understanding is that IGR import components of the final retail product. They combine the components with their fancy packaging and then combine multiple products onto a single mechanising unit which is then shipped to store. The stores then just open the merchandising unit and sell directly from it.
US problems arose due to components stuck in US west coast ports. IGR had to pay a premium to get them out of the port and a staff overtime premium to get them combined to get them out to stores. IGR said they overspent to keep their customers happy and sell through was good.
I have speculated that there may be historic stock from the CSS purchase that may need to be written down in the final results. It is also possible that some IGR components arrived too late to be added to the merchandising units but this again is only speculation by myself.
My understanding is that extra liquidity is needed to fund the components coming in earlier this year. Preventing the extra port transportation and overtime costs. With container shipping prices being high, IGR may be assembling more merchandising units in the destination countries as shipping air is expensive.
Margins are tight and volumes are big so it may take a few years for margins to recover and working capital costs to be reduced.
All the above appears priced in. Funding has now been secured but it is an additional cost to be taken from the small profits. I bought in at end of April and May. A safer option would have been to wait until June 28th for the final results and for the review of the business.

[blackhorse23] 09/6/2022 08:20

Another day of hiking

[blackhorse23] 08/6/2022 16:30

Ha ha I don't buy until proper research and particularly I know this is 400p shares , I will be happy if stay around 250p lol

[bwana4] 08/6/2022 16:06

Deanowls,thank you for your input.
I did my DD on the Co. but was not aware that they are sitting on ready stock and had missed the last Xmas.
Again thank you for taking the time to explain.
ATB all.

[debsdowner] 08/6/2022 14:08

s34, yes this is what I intimated about sales and margins the lower the margin the higher the risk, they need to cut costs quickly.

bwana4, thanks

deanowts thanks

baner "Valium "LOL

Blackhorse I am keeping my mouth shut for the moment you have some interesting followers.

[blackhorse23] 08/6/2022 13:22

100p by end of this week

[baner] 08/6/2022 08:54

blackhorse - i suggest you take your Valium pills and relax a bit.......

[blackhorse23] 08/6/2022 08:45

Excellent stocks , it's hiking since Claire joined to IGR from JP Morgan at 1st JUNE , couple institutional investment could hike to 150p - 250p easy

[deanowls] 08/6/2022 06:27

It has a large build of stock, a lot that is seasonal that requires warehouse cost. This is a result of them getting it in late last year and missing mainly Christmas. That should unwind towards the back end of the year and ease issues with cash flow. Logistics and pass through of costs need to be managed along with aligning all of the territories and businesses. Lots for them to do but a brighter way ahead I feel. It was way over valued at 6 quid so don’t fixate on that. Get sorted, cash coming in, stock holding right and back to 2 quid and reasses.

[blackhorse23] 07/6/2022 23:28

IGR , most viewed company

[bwana4] 07/6/2022 20:05

Blackhorse 23.
This Co. can't pay a dividend until they have the permission of the money lender.

[blackhorse23] 07/6/2022 18:59

I am happy with my investment with IGR , taking consideration of its huge revenues of 963 millions against small mcap & opportunity to grow , it's an opportunity for me to buy & hold , it will be skyrocket at no time. Company always pays dividend , could turn around towards big profits

[s34icknote] 07/6/2022 18:53

Thomas cook had a turnover of 10 bn !!What happened ???Igr turnover a billion dollars on 0.5 percent margin .It's weather they can increase the margins faster than costs !!It's an intriguing situation !!!

[wall street trader] 07/6/2022 17:20

My Money don't jiggle jiggle it folds.....