Ig Design Share Discussion Threads

[hatfullofsky] 18/1/2024 23:00

Cash delivery over the year is expected to be above Board expectations

[hatfullofsky] 18/1/2024 22:55

In FY23 net cash increased 123m in H2In FY22 net cash increased 90m in H2In FY24 some sales were pushed into H2 plus (as has been mentioned) a HY Net Debt of 15mIt may not reach 145m but it's going to be stand out

[aleman] 18/1/2024 15:58

I think he is possibly exaggerating a bit but there is an underlying story there. The swing in net debt from H1 to FY can be over $100m and there is only $15m net debt at H1. The market will probably ignore a prospective large FY cash balance until it is announced and then rave about it as if it is some amazing turnaround when the turnaround is pretty much on show at H1. There are graphs of monthly net debt in the H1 presentation on page 10:



I imagine the shares will rise in the run up to the results as it anticipates the huge improvement in net cash and the associated reduced interest cost of funding seasonal working capital. I don't think the market has fully understood the improvement as it has concentrated on the reduced revenues rather than margins, stocks and cashflows.

I should caution, however, that the business has shrunk a bit and cut stocks so the swing could be less than $100m this time - but still give a good net cash figure.

[time 2 retire] 18/1/2024 15:18

Hatfullofsky,
That would be nice but where are you getting these figures from?
IGR got a market cap of £140+million and I think the most they've ever had at year end is circa £45 million.

[hatfullofsky] 18/1/2024 14:40

IGR could announce net cash near their current market cap by the end of March, it's seasonal but also amazing

[time 2 retire] 18/1/2024 11:26

This was always going back to £1.40 to allow the company to complete their share purchase scheme, once complete perhaps we'll finally take off!

[darrin1471] 17/1/2024 18:27

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

Not the one I was thinking of.

The tip did not convince me that I should buy back in. I did go back and look at the last IGR webinar again

[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).