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IGR Ig Design Group Plc

212.00
3.00 (1.44%)
Last Updated: 08:00:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ig Design Group Plc LSE:IGR London Ordinary Share GB0004526900 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.44% 212.00 208.00 216.00 212.50 212.00 212.00 117,066 08:00:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Convrt Paper,paperbd Pds,nec 890.31M -27.99M -0.2848 -7.44 205.4M
Ig Design Group Plc is listed in the Convrt Paper,paperbd Pds sector of the London Stock Exchange with ticker IGR. The last closing price for Ig Design was 209p. Over the last year, Ig Design shares have traded in a share price range of 106.25p to 237.50p.

Ig Design currently has 98,279,870 shares in issue. The market capitalisation of Ig Design is £205.40 million. Ig Design has a price to earnings ratio (PE ratio) of -7.44.

Ig Design Share Discussion Threads

Showing 4201 to 4224 of 5150 messages
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DateSubjectAuthorDiscuss
21/6/2022
11:12
In an imaginary world, in 3-4 yrs time, the 16k of those will be £20k, ie 125p a share.
I hope for similar returns, if not more over same time period here.
But all these are medium term holds, looking at the 10yr charts for hitting previous levels, not highs needed, just 60%.

hamhamham1
21/6/2022
11:06
Added another 5k of 'em.
hamhamham1
21/6/2022
10:43
Blackhorse - if you want to see the realities of the relative debt positions over the course of a year, check the interest charges taken for each company. For the last full year, interest charged practically identical for both IGR and MCB, circa £4-4.5m.
wigwammer
21/6/2022
10:41
Both seem investable, with their own risks,
hamhamham1
21/6/2022
10:40
Not a problem for me either, ham. But I'd rather be disproportionately weighted to stocks with higher return per unit of risk, than lower.
wigwammer
21/6/2022
10:38
To repeat hamham. I own IGR. I'm not slagging it off, I'm evidently making people aware of the realities. iGR HAS DEBT.
wigwammer
21/6/2022
10:38
All investing is a risk, thats why a broad portfolio spreads the risk.
Having a percentage in higher risk/reward isn't a problem for me.

hamhamham1
21/6/2022
10:37
I'm answering blackhorse's points. IGR has material debt, just like MCB, and also dropped around $50m cash over the last 12-18 months. I suspect selling gift wrap predominantly over a 5 week period each year is more economically sensitive and unpredictable than selling laundry products over an entire year. I had a vastly larger position in IGR at 50p, but took profits in the rebound, and now think 20p for Mcbride looking better value. iMO
wigwammer
21/6/2022
10:35
But that's investing you think MCB is better than IGR, time will tell but going on other boards slagging off those shares, espec whilst holding the likes of MCB, is a tad ironic.
hamhamham1
21/6/2022
10:32
IGR has market cap of 65m and net asset value of 392m.
MCB has market cap of 35m and net asset value of 69m.

hamhamham1
21/6/2022
10:29
A lot of companies have debt, only a handful in the FTSE don't.
Currently is 15m. Which isn't huge on a near 1bn turnover company.
And yes it may go up over next 12 months, but that's realistic in this economic/supy environment.
Am happy to hold till this all settles, and MCB, you think that is a safer bet????

hamhamham1
21/6/2022
10:28
Please stop Hamham.. that is an end of year number.. a snapshot.. the average debt required over the course of a year is substantial, which is exactly what the company have told you.
wigwammer
21/6/2022
10:26
And re stock.. if the stock sitting with retailers goes unsold, I'm sure I don't have to tell you why that's bad news for IGR.
wigwammer
21/6/2022
10:26
"The Group closed the year with a net cash balance of $30 million, down year on year reflecting inventory-related working capital absorption. This relates to the Group's response to continuing supply chain challenges, which have required raw material purchases to be brought forward to support the strong seasonal orderbook and the inflationary impact on the cost of inventory."

"The Board expects FY23 to continue to present external supply chain challenges bringing uncertainty across the Group, however, customer demand remains strong, particularly in relation to our important contracted seasonal orderbook."

hamhamham1
21/6/2022
10:24
"Average debt of the Group is expected to increase to c.$75-$80 million across the 12 months to 31 March 2023."
wigwammer
21/6/2022
10:22
But... they still have debt.
wigwammer
21/6/2022
10:13
IGR already said that they have very strong order book secured for season coming up, ie Xmas etc.
So IGR wholesale sell the stock to the retailers, then it's up to the retailers to sell the stock per item.
IGR say they have less cash in the bank, c.30m, as they have pre-bought raw materials for stock ahead of the upcoming season, avoiding stock supply issues and also beats inflation.

hamhamham1
21/6/2022
10:07
IGR average debt has ballooned, lol... "Average debt of the Group is expected to increase to c.$75-$80 million across the 12 months to 31 March 2023, compared to c.$15m in FY22 reflecting the expected higher working capital requirements of the Group throughout FY23."... I own IGR, but at least I'm not entirely naive to the risks.. :)
wigwammer
21/6/2022
10:03
"no indication banking facilities will be extended.." please read the statements before making assertions, you are talking total bwollox.
wigwammer
21/6/2022
10:02
IGR also in debt. You are just looking at a snapshot at one point in time, not over the course of a year. ATB
wigwammer
21/6/2022
09:46
MCB is in multimillion pounds debt & posted multimillion pounds loss , no indication banking facilities will be extended, IGR in green & growth stocks , bank facilities has been extended
blackhorse23
21/6/2022
09:33
Moved some IGR into MCB. IGR far more cyclically sensitive than MCB. As economy retrenches, the wage pressures that have affected MCB will likely ease as the labour market loosens, and lower demand for commodities will reduce input prices. 0.05x sales, with debt that can revert to normal levels after 2-3 years of repayment (likely to take stock back to the 60-90p range). I'm happy to triple bag+ over that period. ATB
wigwammer
21/6/2022
09:26
Excellent growth stocks
blackhorse23
21/6/2022
09:18
Recently sold some IGR on the bounce to mid 70's. Made a decent profit. Risk is they stuff the channels, and it doesn't get sold over Christmas as the consumer retrenches. Retailer gets left with a lot of stock they fire sale and stuff IGR in the process..
wigwammer
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