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IGR Ig Design Group Plc

214.00
6.00 (2.88%)
24 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
  6.00 2.88% 214.00 210.00 218.00 216.50 206.50 208.00 302,171 16:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Convrt Paper,paperbd Pds,nec 890.31M -27.99M -0.2829 -7.56 211.7M
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 208p. 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 £211.70 million. Ig Design has a price to earnings ratio (PE ratio) of -7.56.

Ig Design Share Discussion Threads

Showing 4876 to 4898 of 5100 messages
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older
DateSubjectAuthorDiscuss
20/6/2023
17:45
Great, FY19 rev was only $584m. Jeez.
ottrott
20/6/2023
17:36
"aspiration to return to pre-pandemic operating profit margins by FY2025"

t2r "profit margins" not "revenues"

darrin1471
20/6/2023
14:46
I just re-read this mornings RNS now I'm fully awake, not all that bad really, if you strip out the one off uk goodwill payment (hopefully) then we're heading in the right direction.

Profit quadrupled and cash in bank up by 20 million dollars.

No divi planned for this year but hopefully next when they say they'll be back to pre pandemic revenues (FY25).

So maybe this ship is slowly turning and heading back eventually to where we once was.

GLA.

time 2 retire
20/6/2023
10:05
Let's see what's happens, got some more at 134p.Stocko's small cap value report gave this the thumbs up this morning, highlighting the risk/reward here. Their current stock rank is 99 for IGR!
tonytyke2
20/6/2023
09:51
great turnaround never topped up which was a shame
wall street trader
20/6/2023
08:39
A couple of early chunky trades
2x 120k @ 128 and 225k @ 125

darrin1471
20/6/2023
08:35
I don't think anything said on this thread will significantly effect the IGR share price so my negative outlook is not a short play but a genuine worry that the short term outlook is poor.
I have not read the results in full yet, but only taken a quick look.
US consumer sentiment is falling and so are advanced orders. UK orders are down. What are the reasons for this? Competition or trying to push margins to high?

darrin1471
20/6/2023
08:25
Might have missed my chance there - the spread was quite large
wall street trader
20/6/2023
08:09
yes me too I am looking to add so will look at some technical areas to buy more
wall street trader
20/6/2023
08:04
I see it trending lower with no near term news
bubloo
20/6/2023
08:02
very little activity here - have turned a profit so expect this to recover well from here
wall street trader
19/6/2023
14:48
1471,
i take very little notice of the UK positions these days, USA is where its happening and they seem to be turning a corner plus their economy doing much better than our tory "I avnt a clue" led government.

The write down has already been touted in the past so I'm hoping it's just the one off and we move forward from here.

I read in the past also that we're looking at restarting the divi this H1 so I'm interested to see if any forward guidance given on this in the morning.

time 2 retire
19/6/2023
14:24
I'm not expecting anything positive for the rest of this year.

"Due to the recently deteriorated trading, and very limited pricing expectations for Christmas 2023 in the United Kingdom, the Group is likely to incur a one-off, non-cash write-down to the historic goodwill value associated with certain businesses in that market. The Directors expect this to significantly impact the reported results for
the year"

darrin1471
19/6/2023
13:59
Full year results in the morning, I hope we've finally turned a corner....
time 2 retire
05/6/2023
16:23
For reference, the PREVIOUS rcf details from the 2022 annual report:

As previously announced, on 1 June 2022 the Company extended the term of its existing banking agreement to 31 March 2024. As part of this extension, covenants have been
revised for the period to 31 March 2023. The amended facilities comprise:
• a revolving credit facility (‘RCF A’) which has reduced from $95.0 million to $90.0 million; and
• a further flexible revolving credit facility (‘RCF B’) with availability varying from month to month of up to a maximum level of £92.0 million (reduced from a maximum level of £130.0 million)
Banking and legal fees associated with the amendment and extension of the facility totalled c.$1 million

darrin1471
05/6/2023
15:27
Ah ok- some details from progressive

IG Design has announced a successful and favourable outcome to the refinancing of its lending facilities. The new arrangement replaces the previous revolving credit facility (RCF) agreement from 2019, which was subsequently renegotiated in 2022. The new three-year facility is for $125m through an Asset Backed Lending (ABL) structure. This flexes in line with the group’s US receivables and provides ampleheadroom to finance the key working capital needs over the duration of the facility. In a world of risingcentral bank interest rates,thelower quantum of the facility coupled with the lowermargin than the previous facilityshould help managethe direct finance chargesassociated with the facility,as well as providesavingsinnon-utilisation fees.

New lending facilities−a successful outcome. IG Design has announced the successful renegotiation of its debt facilities after a thorough and rigorous process to secure the most appropriate arrangement to best suit its financing requirements. The new facility has been agreed with (existing relationship) providers HSBC and NatWest for $125m, together with an extension of its overdraft facility already provided by HSBC. The new facility is an ABL structure, which replaces the previous RCF structure, and is secured with an all-assets lien in the USAand an all-assets security in the UK.

Facility terms−lower margin secured. The new facility carries an initial bank margin of 1.75% to2.25% over the forward-lookingterm rate based on the US Secured Overnight Financing Rate (SOFR), which stood at 5.08% on 1June. The margin delivers a markedsaving against the previous 2.5% negotiated on the extension of facilities in 2022, which was set to rise to 3.0% from June 2023 until March 2024. Given the long and careful process of renegotiation, which has included the fall-out of the Silicon ValleyBank situation in the US banking arena, the favourable outcome is to be applauded and should be well-received by investors.

Next newsflow − FY23 full-year results. The group is scheduled to announce its full-year results for FY23 on Tuesday 20 June. This will include full details of the new financing arrangements. Having announced the appointment of its new CFO, Rohan Cummings,in early May, investor focus will likely be on operational progress, along with any articulation of updated strategic direction to deliver the group’s longer-term goals

se81
05/6/2023
15:20
Lower margins, i presume not lower rates
allstar_07
05/6/2023
14:28
Refinanced at a lower rate? Thats pretty impressive- how have they managed that?
se81
02/6/2023
10:23
Blackhorse, please don't come back on here you absolute bellend.
rcawthra007
01/6/2023
17:19
Switched to CURY , excellent timing , will be reversing now
blackhorse23
01/6/2023
11:08
Death by a thousand cuts here!
At this rate we'll be back at penny stock status by time of the results but hey ho, have been here before!
I'll continue to hold.

time 2 retire
30/5/2023
10:10
I sliced half mine at the recent top ( good timing for once)have bought them back today
wall street trader
22/5/2023
11:04
Topped up here.
Due a wee rise

volsung
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older

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