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IGR Ig Design Group Plc

-3.00 (-1.42%)
23 May 2024 - Closed
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 -1.42% 208.00 206.00 210.00 212.50 208.00 211.00 101,489 15:55:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Convrt Paper,paperbd Pds,nec 890.31M -27.99M -0.2829 -7.35 205.77M
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 211p. Over the last year, Ig Design shares have traded in a share price range of 106.25p to 228.50p.

Ig Design currently has 98,926,000 shares in issue. The market capitalisation of Ig Design is £205.77 million. Ig Design has a price to earnings ratio (PE ratio) of -7.35.

Ig Design Share Discussion Threads

Showing 4801 to 4825 of 5100 messages
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Finally breaking out of the £1.80—£1.88 range.
Hopefully break £2 soon.
Edit, I guess not ffs

time 2 retire
They’re just getting on with the job in hand. Let them crack on.
That was a disappointing day, touched a new year high this AM before dropping back.
The lack of RNS from this company is deafening!
The BOD need a kick up the backside.

time 2 retire
500k went through @ 177p today.
Looking like we may see 200p this month if the wider markets remain favourable.

IG Design recovery share recommendation in IC this week. Onwards towards £3 this year methinks.
T2R. I think the motley fool write up is very poor and lazy.
IGR problems were not cyclical.
Shares up 220% from year lows is more relevant than up 40% over 12 months.
No mention that the H1 sales increase was due to customers placing Christmas orders early.
I agree that debt is not an issue beyond the cost of funding the seasonal debt which takes money from the profits when margins are already small.

River & Mercantile’s Ensor adds IG Design to trust

River & Mercantile manager George Ensor has taken a position in IG Design Group (IGR) as a ‘recovery’ play.

Ensor added the designer and manufacturer of party products to his £63m R&M UK Micro Cap (RMMC) investment trust in January, noting it was purchased as a ‘recovery investment case’ in a fund update.

‘The company manages celebrations products – wrapping paper, Christmas crackers, etc – on behalf of some of the largest retailers in the world,’ he said.

‘Increasing freight rates destroyed profitability which is now being rebuilt under a new management team.’

However, Ensor said that sentiment towards UK stocks remains ‘depressed despite the ‘bounce from market lows’ at the beginning of the year.

‘It will take time for risk sentiment to return and capital markets to reopen,’ he said. ‘These are cyclical facets of the small and micro-cap universe. While the recovery is unlikely to be linear and further downside to earnings expectations is probable, the medium-term opportunity for shareholder valuation creation is extremely attractive.’

jeff h
A fairly good write up by Kevin Godbold in the motley fool.

1 cheap share I’d buy now in my Stocks and Shares ISA.
There are many cheap shares around now because of recent geopolitical and economic events. And last year’s weak stock market created several attractive-looking investment opportunities for my Stocks and Shares ISA.

One I’m keen on is IG Design (LSE: IGR). The company describes itself as a “leading”; manufacturer of gift packaging and products for celebrations, gifting, stationery and creative play.
In the trading year to March 2022, around 69% of revenue came from the Americas and 12% from the UK. The remaining turnover came from other countries in the world. So IG Design has a well-developed international business with an emphasis on America.

But as we might expect, operations have a lot of cyclicality. And that’s caused problems along with the well-reported general supply chain difficulties.

I last wrote about the firm in November 2019. Back then, the business was riding high and growing like mad. And I reported the share price at 639p. But today, it’s in the ballpark of 153p. So what went wrong?
The answer to that question is earnings. The pandemic and the other economic challenges caused the firm’s profits to drop away. And the share price plunged as well. Since its peak in January 2020, the stock is now around 78% lower. Therefore, it’s cheap in that sense.

But the business is turning itself around. And the shares have been responding well. For example, over the past year, the stock has risen by just over 40%. But the enterprise has the potential to perform well in the coming years and to rebuild its earnings.
The business is turning
Last November’s half-year results were encouraging. Revenue for the six months to 30 September increased 8% year on year. And there was “improved profits and margin recovery”. The directors said they expected the full-year results to be “ahead of expectations”.

City analysts have pencilled in a big earnings recovery of around 580% for the trading year to March 2024. But even if that happens, earnings will still only be around a quarter of those achieved in the year to March 2019.

Meanwhile, the forward-looking earnings multiple set against that estimate is around 15. And that valuation strikes me as fair rather than cheap. However, if IGR can rebuild its earnings to somewhere near prior levels, the valuation today could prove to be cheap. But positive outcomes aren’t guaranteed. So I’d suggest this stock is not for widows and orphans, despite the potential of the business to recover and grow.

But new chief executive Paul Bal is due to take up his position on 1 April. And he’s been the chief financial officer (CFO) since March 2022. But prior to that he served as CFO at Stock Spirits where he “was instrumental in the turnaround of the then LSE-listed group”.

However, even with a refreshed management team in place, positive outcomes are not certain. And one thing for investors to keep an eye on is the big load of debt carried by the company.
Nevertheless, I’m optimistic about the multiyear prospects for IG Design. And although I already hold some of the shares, I’m thinking about adding more to my Stocks and Shares ISA.

Gets my goat when it mentions company debt, if these journos did a bit of research they'd see that it's seasonal debt, IGR always borrow heavily for the Xmas orders but are always cash positive at this time of year...

time 2 retire
Hugely volatile stock
Hi Davidosh
Thanks for the link but I was unable to watch the BASH.
Was there any pearls of wisdom? Thanks.

IG Design are to be analysed on the BASH (Buy Avoid Sell or Hold) this evening

Programme for Monday 6th February 2023, 5pm – 9pm
5.00 pm Stephen English: Twinkle, Twinkle, small cap stars
5.40 pm Company presentation by Newmark Security
6.10 pm Company presentation by Impax Asset Management
6.50 pm Company presentation by Learning with Experts – Full presentation tomorrow lunchtime on zoom webinar
7.10 pm Mark Bentley Signet news… first North East group meeting
7.15 pm Special guest interview
7.40 pm Company presentation by Van Elle
8.10 pmMello BASH with Damian Cannon, Kevin Taylor and Mark Simpson covering IG Design Group plc, National World plc, Netcall plc.

Finally got a reply from alma pr:

The company will not be releasing a 9 month trading update going forwards. It will be reporting in line with other listed companies and provide trading updates following the conclusion of the HY and FY.

I emailed the contact for IR listed. No reply. When I got through on the phone no information. My only guess is they are waiting until the new banking facility is finalized before a TS.
I have been getting up at 7am for the last couple of weeks waiting on these and two other updates. All three normally update last week of January. If nothing tomorrow I will send an email to all three companies.
It's more down to frustration than lacking patience (I've been a holder since 1996).
It takes little time and effort to put out a trading update so why the delay, unless of course there is an agenda!
I too won't be adding anymore. GL

time 2 retire
t2r Patience.
Fall has been on low volume.
Always felt the IGR share price was "managed" down and up.
May be an opportunity to top up ahead of results. Happy with my exposure and profits so not adding.

Fair play time 2 retire. FWIW, I sold half here after it more than doubled from my buy price at 164p - so will just forget the rest and see what happens. It's a tricky one; you can easily make a case for it being worth around £4, but then again, if trading isn't good, we could be back under a quid; all this cos of a very low PSR
Corrected ☺
time 2 retire
"totally enept"

Love it!!! :-)

Great, back below sub £1.50 again!
The management here is totally inept, always have been!
The lack of trading update is bringing in the sellers.
Total f'in muppets.

time 2 retire
30/11/2022 "The Board still does not expect to be in a position to pay a dividend in relation to FY2023".
Looking for progress on recovery and update on re-financing and growth strategy but not expecting this until Y/E

Update is overdue.
Need to reinstate the dividend, even if small. Changes sentiment.

EBITDA consensus forecast - £31m, £46m, £76m, ?
Dividend consensus forecast - 0p, 4p, 11p, ?

Still a way to go and it looks like some are taking profit but a strong recovery predicted so could well be worth hanging on for.

I'm holding think the dividend will give me a great return over the long term once restored
wall street trader
Same here. In at 74p. Better than the rest of my portfolio :-)
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