Ig Design Share Discussion Threads

[rcawthra007] 16/11/2022 11:44

Blackhorse - absolute bell end. Why are you still here after you undersold? Go back to peddling your CURY nonsense.

[blackhorse23] 16/11/2022 10:15

Pounds getting stronger against dollars , could effect it's US export

[value hound] 16/11/2022 10:11

Isn't this just a read across from Card Factory's TU?

[darrin1471] 16/11/2022 09:30

500k @ £1.10 today and offer is now at 115

[hamhamham1] 14/11/2022 15:58

Just go with the flow, over analyzing intra-day trading movements over minutes will drive you nuts.

[darrin1471] 14/11/2022 15:54

600K @ 95 on Friday.
600k @ £1 today.
Does anybody have L2? Are there a chunk of sell orders at £1.05 ?

[hamhamham1] 14/11/2022 15:20

Nice rise today.
Hold and sit on hands is my kinda workday.

[hamhamham1] 13/11/2022 11:48

I see it as straight refinancing existing loans or maybe issuing some bonds, who knows, but I don't see issuing shares as the option they would choose at these levels, and with good sales.
Often lack of sales or ability to be lent money is the reason for last resort share issuance.
But hey time will tell.

[arthur_lame_stocks] 13/11/2022 10:29

ham

look in the final results under overview near the bottom of that section.

"On 1 June 2022, the Company signed an amendment to the existing banking facilities primarily to extend the agreement to March 2024 and replace the existing covenants with two new covenants which run to March 2023. This was a necessary change, and a result, the Directors believe the Group has sufficient facilities that secure funding to support the working capital requirements of the business through the current financial year. As originally planned, the Group aims to complete a full refinancing in the second half of FY2023. More details relating to the amended and restated facility arrangements are included in the Detailed Financial Review."

I take that to mean a fundraising but I could be wrong.

[hamhamham1] 13/11/2022 10:07

The AIM-traded firm said that as a result, its sales, profits, margins and cash flow were expected to be “significantly improved” on the same period last year, and also ahead of the Board's expectation for the period.

It said the main reason for the performance was that many customers had brought forward their seasonal ordering in the six months ended 30 September, so as to avoid the supply chain challenges experienced in the second half of the 2021 calendar year.

That performance reflected the “strong relationships” sustained with customers, and the ongoing demand for the group's products, the board said.

“Given the bring-forward of orders during this period, the Board believes the trading results for the full year to 31 March will have a strong first-half weighting, but overall will remain in line with the board's expectations for the year as a whole,” the directors said in their statement.

“This represents a small year-on-year improvement in profits compared to the prior financial year.

“The board's outlook continues to reflect ongoing input cost inflation and signs of a general downturn in consumer sentiment across all of our markets as a result of the tougher economic environment.”

IG Design said it would provide further details on its performance, along with an updated outlook, in its results for the six months ended 30 September on 30 November.

[arthur_lame_stocks] 13/11/2022 09:25

They're planning on raising funds next year which could limit the upside somewhat depending on how much they raise and at what price.

[hamhamham1] 13/11/2022 08:36

These were 8x current price levels just before covid struck.
Happy if they get back to half those levels, so say 360-380p within next 18-24 months.

[darrin1471] 11/11/2022 14:11

The majority of today's volume is going through at 95p today.
Price has been managed since Spring.

[aleman] 11/11/2022 13:52

Not quite a golden cross but looks likely to be only a slight variation on one. I think the averages are looking quite positive, anyway.

[rcawthra007] 10/11/2022 11:44

Blackidiot: Why are you posting Black Friday deals for CURY on here? You sold your IG shares cheaply so don't be trying to peddle washing machines on here. It's not going to hike the flagging price of your next flopped investment.

[blackhorse23] 10/11/2022 08:27

Early Black Friday deal on at CURY https://www.eurogamer.net/early-currys-black-friday-deals-2022

[blackhorse23] 08/11/2022 16:07

Everyone buying for results but investors already knows the results lol

[time 2 retire] 07/11/2022 19:05

se81, Bal would not be allowed to buy this close to the half year results but lets see what happens after the 30th.
Any buying by the top guns is always a good sign. GL

[se81] 07/11/2022 11:12

I'd love to see Bal buy some more now post his appointment as CEO- he seemed to be the one on top of the various margin issues affecting the business at the recent round of FY presentations

[se81] 04/11/2022 14:46

Bit of vol gone through earlier and supply has completely dried up- all of a sudden have to pay over to get anything- what a mover this one is!

[fegger] 03/11/2022 09:30

CFO becomes CEO : IG Design Group plc, one of the world's leading designers, innovators and
manufacturers of Gift Packaging, Celebrations, Craft & Creative Play,
Stationery, Gifting and related product categories, is pleased to announce the
appointment of Paul Bal as Chief Executive Officer, effective from 1 April
2023. Paul was appointed as the Group's Chief Financial Officer in March 2022
and joined the Board in May. Stewart Gilliland, currently Interim Executive
Chair will return to the position of Non-Executive Chair on 1 April 2023. The
search for a new Chief Financial Officer is commencing and further updates
will be issued as and when appropriate.



Paul joined the Group from Stock Spirits, an international alcoholic beverage
business, where he was CFO from 2017. Paul was instrumental in the turnaround
of the then LSE-listed group, leveraging his experience in the management of
decentralised businesses and a complex portfolio of over 70 brands selling
across 50 markets.



Qualifying as a Chartered Accountant in England & Wales in 1993 and a
Fellow since 2005, Paul has had an international career. He held several
global financial and management roles within British American Tobacco and
Rothmans International. From 2014, Paul was Vice-President: CFO & Strategy
- Europe, Africa & Middle East at Tupperware Brands, listed on the New
York Stock Exchange.



Lance Burn has agreed to remain in role as Interim Chief Operating Officer
through to 31 October 2023 to continue to lead the transformation of the USA
business and assist Group transition.

[justiceforthemany] 02/11/2022 17:03

Book price remains around 300p so trading at just 0.2x NAV
Silly UT today; sharp moves on low volume

[darrin1471] 24/10/2022 17:47

T2T. from 22 IGR annual report

"Other costs associated with the ongoing consolidation of operations around the Group have been incurred, including the enlarged printing and converting business moving from Memphis to a larger facility in Byhalia, Mississippi that also houses distribution. In addition, costs associated with the exit of the owned property in Manhattan, Kansas to consolidate our pattern printing facilities into one site have been incurred. The total costs associated with this integration were $1.1 million."