Ig Design Share Discussion Threads

[blackhorse23] 15/4/2024 10:03

Money moved to GNC & encouraging return

[time 2 retire] 14/4/2024 05:25

hastings, have you confirmation on which day the trading update is due and can I ask where you get your info please? TIA

[hastings] 10/4/2024 07:56

I have a call lined up with management next week to coincide with the pre-close TU.
Will add a write up on the back of that for interest.

[time 2 retire] 09/4/2024 19:41

Canaccord Genuity reiterated it's buy rating yesterday so that was probably why we had a good day!

[aleman] 08/4/2024 12:53

We know it does not take a lot to move these either way. Maybe the seller has backed off and there's a little speculative buying ahead of the year-end update. There's certainly more volume for some reason, with the shares at the lowest they've been since the last news and that was pretty good. We only need margin recovery without sales growth and the shares should rise, and the board sounded reasonably conifident of that. Any outlook for revenue growth would be a big bonus. So, hopefully we should hear some good news soon and this looks as good an entry point as any when looking at recent months' share price action.

[lord gnome] 08/4/2024 10:56

Doesn't seem to take much to move the price unless - there is something I don't know.

[time 2 retire] 08/4/2024 09:40

Was we tipped somewhere on the weekend or was everyone waiting for the new tax year before pilling in?

[deanowls] 01/4/2024 09:46

I’m expecting sales down but cash positive. The busy period had passed and freight will normalize. They are doing a lot more in house now I think.

[dan_the_epic] 01/4/2024 09:25

Will freight costs (they said they were more floating at half results) and a weak christmas consumer cause a profit warning?

[tonytyke2] 15/3/2024 10:50

Yep justiceforthemany this appears to be in significant value territory imo.If the next update is anywhere decent we could be off to the races imo. Fingers and toes crossed on this.Sharepad stats today indicates a market cap of £115.5m and a NTAV of £279.2. Really that much variance?

[blackhorse23] 14/3/2024 08:44

I think GNC better chance for growth rather than IGR

[justiceforthemany] 12/3/2024 15:38

This is trading at very low multiples on all metrics.
NAV is 285p!

[deanowls] 26/2/2024 13:21

Some decent buys going through today again. Results will show cash, can they increase the margin and slow the falling sales. If they can this should decently rerate.

[deanowls] 21/2/2024 09:13

Continued block sales going through, big seller in the background holding the price down?

[blackhorse23] 15/2/2024 12:54

https://www.londonstockexchange.com/news-article/GNC/director-pdmr-shareholding/16333680

[aleman] 15/2/2024 10:06

Concentrate on margin. It's already reduced debt to the point that they can pay a dividend again. Growth will come in time or not but if they keep the better margin, we'll get a decent return through the dividend.

[investopia] 15/2/2024 08:36

Interesting point you make darrin1471 and food for thought. On balance, though, I'd rather have profits than volume. More bang for the buck, so even smaller increases in volume will then likely boost the bottom line.

[darrin1471] 08/2/2024 08:06

Has the EBT scheme supported the share price or put a lid on it?
Revenue growth predictions look easier to forecast than to achieve.
I do not follow IGR as closely as I used to but my view was that volumes were sacrificed for margin. Are IGR going to be able to get those volumes back on higher margins?

[masurenguy] 08/2/2024 07:48

"If I pull out one of the recovery names, IG Design Group. The provide celebrations paraphernalia to big retailers. Walmart, Tesco, etc. Historically done 6% to 7% operating margins. Those margins got crushed through Covid. Management have come out saying, we can get margins back to 6%. If they do, that business is trading on 5 x P/E. In the 5 years to 2021 the business traded in excess of 15 x P/E. So, I’m not saying that’s the right multiple, but 5 x is a very low valuation for that business." George Ensor, fund manager of River and Mercantile UK Micro-Cap, 2nd February 2024.

[time 2 retire] 07/2/2024 17:49

Some nice big trades through today, that should be the end of EBT scheme. RNS soon to confirm imo.

[time 2 retire] 05/2/2024 08:39

£2.80 million at £1.40 a share I make it about 345k shares maximum left to buy.

[masurenguy] 05/2/2024 07:59

More EBT shares being purchased @£140p. They must be close to completing the £2.8m purchase programme announced in December.

[time 2 retire] 25/1/2024 14:05

This share price is so predictable, it was always heading back to £1.40 to allow the company to complete the EBT, hopefully not long left now until they complete the £2.8 million maximum purchase.

[blackhorse23] 24/1/2024 17:15

Not feeling great in here ! money moving to GNC

[time 2 retire] 19/1/2024 18:08

A nice 750k trade gone through at £1.40 so hopefully that's the end of the company buying for the EBT scheme. RNS Monday most probably.