Ig Design Share Discussion Threads

[hatfullofsky] 17/1/2024 16:00

Paul Scott / Graham Neary on Stockopedia one of their 2024 stock picks

[time 2 retire] 15/1/2024 13:15

Which one?

[darrin1471] 15/1/2024 12:43

It was tipped on a subscription service.

[time 2 retire] 15/1/2024 12:01

Can't find anything smallcapinverstor apart from an article in Simply wall St about insiders buying.

[smallcapinvestor1] 15/1/2024 08:30

Tipped somewhere??

[blackhorse23] 09/1/2024 15:03

https://www.londonstockexchange.com/news-article/GNC/director-pdmr-shareholding/16281924

[darrin1471] 03/1/2024 14:24

Canaccord reduced after buying the previous week

[se81] 03/1/2024 12:45

nice move, chart looks pretty handy

[time 2 retire] 30/12/2023 06:37

So Octopus selling and Canaccord Genuity, the company broker buying!
I would like to think the broker has more insight into the company than the seller so onwards and upwards in 2024.

[aleman] 29/12/2023 10:04

Another golden cross suggests another significant move up coming?

[se81] 28/12/2023 17:11

Big trades printed yesterday- largest single day turnover of shares since 4th jan 23- potential overhang cleared? lets see if it can now move up

[justiceforthemany] 22/12/2023 13:03

Added modest amount. P/E of 4-5 and NAV of 285p.

[darrin1471] 12/12/2023 18:44

Some large volume have gone through at 127p over the last week.

[time 2 retire] 08/12/2023 15:27

5 small-cap stocks Fools think will soar in the next bull market....

IG Design
What it does: the company designs and makes celebration, stationary, creative play, gifting and not-for-resale consumable products.

By Kevin Godbold. IG Design’s (LSE:IGR) business is sensitive to general economic shocks and earnings collapsed along with the share price in the trading years to March 2022 and 2023. But economic times could be on the mend for consumers. And City analysts predict a massive earnings rebound ahead.

Estimates I’ve seen anticipate a return to pre-Covid profits as early as the next trading year to March 2025. Meanwhile, the share price languishes around 148p as I write compared to a peak above 760p pre-pandemic.

Meanwhile, the valuation looks undemanding with a forward-looking earnings multiple of just under five when set against expectations. And in October, the company issued an encouraging trading statement.

[h1a3] 08/12/2023 03:02

Octupus is reducing its holdings.
Not very happy with IGR.
Hopefully we will get some positive update about Xmas trading

[justiceforthemany] 30/11/2023 15:24

So are we saying H2 will be at best break even?
Even then EPS in H1 came to around 18p so P/E ~ 7.5

[time 2 retire] 30/11/2023 13:13

No dice, the problems of the last 2 years were hopefully one off events, the cost of freight went up 10 fold after the covid disruption hit us hard then last year there were huge customer goodwill write downs which I hope was a one off!
This ship is turning at last, fingers crossed.
GLA

[no dice] 30/11/2023 09:44

For the last two years the bottom line has turned red by the time of the full year results - IGR's hope is that this will be remedied by FY2025 (year ended March 2025).

[darrin1471] 30/11/2023 08:43

"The seasonality of our business cycle means that first-half profit and margin delivery is diluted in the second half of the year"

[justiceforthemany] 29/11/2023 23:58

Is the P/E not around 4 here?
If H2 matches H1?
US sales the main concern. Steep drop off - reason?

[time 2 retire] 29/11/2023 18:59

Just watched the presentation and nothing scary there.
Divis back in 16 months if things stay on track.

[darrin1471] 29/11/2023 18:02

H1 results appeared better than I expected and I appear to be wrong on the timescale for recovery. I don't know if I was just tired yesterday but the numbers just did not make sense when I read them. I will watch the presentation and look at them again over the weekend.

[aleman] 29/11/2023 16:22

Some revisions look to have been digested. Consensus of 3 brokers sees 2024 EPS lifted to 7p but 2025 eases to 17p. 2026 comes in with 22p. Dividend 0p, 5p then 8p. Net cash £59m, £70m, £79m.

The shares look very cheap if you net cash off. I can see that a pessimist might say we need to see more numbers hit expectations in the current tricky market - though it's a good stock for a tricky market. Whilst already expecting a good cash level on the balance sheet, falling sales would just convert more of the substantial stock and/or receivables into cash.

[tomps2] 29/11/2023 15:34

IG Design Group (IGR) Half Year 2024 results presentation - November 23

IG Design Group CEO, Paul Bal and CFO, Rohan Cummings present results for the six months ended 30 September 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[aleman] 28/11/2023 10:53

We should get another good write-up in the IC. This was published only 6 days ago, with comment on Canaccord numbers after the October update, so it should soon draw another comment with revised numbers tweaked or not.



IG Design rallied in response to a half-year update. It confirmed that it had achieved “significant growth in profit and margins for the six months ended 30 September”. It added that “net debt was significantly lower than a year ago, reflecting strong cash flow”. “Both measures were notably ahead of management’s expectations for the period.” Canaccord Genuity issued a note that valued the company at 12.4 times earnings the current year ending March 2024. More importantly, it expects it to recommence paying a dividend in the following year to March 2025. Even after the rally in the share price, that leaves the stock at 150.5p, on a March 2025 price/earnings (PE) ratio of 5.9 times and a dividend yield of 6.4 per cent. Management is doing an excellent job of restoring the business to profitability. The jump in the share price suggests expectations were at rock bottom. I don’t think it is the only stock in my portfolio where some good news will spark a sharp recovery in the share price.