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IGR Ig Design Group Plc

217.50
0.00 (0.00%)
18 Jun 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
  0.00 0.00% 217.50 215.00 220.00 217.50 217.50 217.50 381,543 08:00:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Convrt Paper,paperbd Pds,nec 890.31M -27.99M -0.2829 -7.69 215.16M
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 217.50p. 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 £215.16 million. Ig Design has a price to earnings ratio (PE ratio) of -7.69.

Ig Design Share Discussion Threads

Showing 5001 to 5024 of 5100 messages
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older
DateSubjectAuthorDiscuss
30/4/2024
16:12
Not a lot of profit-taking after such a rise. I'd guess they might go little higher after Investors Chronicle write it up again. (They've covered it before.) I can't find anything yet so they might be saving it for the actual results or maybe waiting for a slight pull-back themselves so they'll get more bang for their buck.
aleman
30/4/2024
12:31
Nice update, back to the price it was a year ago.
johnv
30/4/2024
12:25
I remain a holder here, having bought back in the doldrums as a classic deep value purchase when they were being given away at ridiculous discounts to net tangible assets a couple of years ago.


Now it makes sense simply to hold on the basis of the strong likelihood of yet further improvements in trading.

cjohn
30/4/2024
12:22
Write up for interest following my recent catch up with management.https://martinflitton1.wixsite.com/privatepunter/post/igr-on-the-recovery-road-30-04-23
hastings
30/4/2024
11:53
To see CSS turnover:
page 31

hamhamham1
30/4/2024
10:54
If did get to $40m earnings.
Then at 14x that would be double and some from here.
That'll do me.

(And besides, more likely snapped up by other industry Corp or those damn PEs is my guess)

hamhamham1
30/4/2024
10:45
Am not against the sp, just being toned down.
To prove it, I have just bought a load.
About 12k x across 2 trades.

hamhamham1
30/4/2024
10:37
Example: 2019, op profit 25.7m on rev of 588m - margin 4.4%. Gave normalised EPS of 40.1c.

Share price in the £6’s.

Post 2020 - revenues now 800-900m (due to acquisiton.

Trying to get back to 4.5% (and beyond). Note they don’t talk about specific EPS, they are guiding on margins.

Achieving same margins on turnover 50% bigger, will give profits 50% bigger. EPS will be broadly same / slightly bigger (if only 40% increase in shares vs 50% profit.)

So, with EPS same/slightly bigger, and business on same multiple, why not same share price as before?

(I’m not saying I think it will ever go that high, but simply saying larger share count means it won’t, when issued share were for accreditive earnings) is wrong.

eddie1980
30/4/2024
10:28
That’s not what you said though - it was implied the raise was because it was in distress (ass saving) - when exact opposite. Acquiring business using a very high equity value to fund.

On the share price - again you are ignoring the increase in EPS an acquisition brings. If the enlarged entity is value accreditive - enhances EPS, then no reason the share price would decline. More shares but equally more profit, so if valued on same multiple (and acquisition was at lower multiple) it would drive price higher.

I assume you are simply mistaking it for a raise to cover losses, where increased share count would not have brought increased earnings.

eddie1980
30/4/2024
10:03
Prob true.
But there are 40% more shares around nowadays comp to pre 2020, so add 40% to current price to get a comparable to old days IMO.

hamhamham1
30/4/2024
09:44
Um, that is a very cinical view of the placing in Jan 2020. They bought another company for $120m and raised the funds via share placement at above £6.50. Given the share price now, that is an absolute bargain for current / new share holders.

Hardly saving ass.

eddie1980
30/4/2024
08:48
Money moved to GNC
blackhorse23
30/4/2024
08:22
What a fabulous update
😊
Onwards and upwards !

masurenguy
30/4/2024
08:15
Huge cash balance, PBT of $50m/£40m two years away, and market cap is about £140m after the rise.

Edit - I can't keep up. £150m.

aleman
30/4/2024
08:04
up 20% despite no change to 2025 profit forecasts.

Better cash but now some new legal claim to deal with that there is hardly any detail on....

seems a bit of a intraday bubble

dan_the_epic
30/4/2024
07:59
se81, cheers thanks, hopefully the share price will start re-rating today.
tonytyke2
30/4/2024
07:58
yes TP 325p
se81
30/4/2024
07:56
se81 have Cana increased their price target to £3.25 now from £2.75? The value here looks ridiculous, dividends look set to kick in also. Again, as a reminder Sharepad indicating NTAV of £279.2m v market cap of £119.4m. This could imo, really start to launch this morning.
tonytyke2
30/4/2024
07:49
Dividend must be reinstated.
justiceforthemany
30/4/2024
07:34
Turning into a pretty stunning turnaround from Bal et al

Cana this morning

"IGR’s FY24E TU highlights a better-than-expected financial outcome and confirms another year of progress in rebuilding margins and profitability. Whilst the 10% revenue decline was in line with expectations, margin recovery was better-than-expected with FY24E EBIT margins increasing by c.200bps yoy to 3.8% (CGe 3.4%), delivering adjusted PBT of c.$25.9m (CGe $20.5m), growth of c.182% yoy and c.27% ahead of our $20.5m forecast. YE net cash of c.$95m (CGe $75m) is also better than expected. The strong FY24E outcome gives management confidence that it can return the Group to prepandemic margins in FY25E. We see today’s update as a potential inflection point that should give the market confidence in the deliverability of future forecasts. We believe the market should now focus on the near-term strategic growth ambitions presented by management, which include an aspiration to achieve c.$900m in revenues, EBIT margins north of 6%, and adj. PBT of c.$50m by the end of FY27E, +c.40% compared to IGR's previous record adj. PBT of c.$35.8m in FY19. The FY24E margin beat prompts meaningful FY24E profit upgrades, albeit FY25E P&L forecasts are unchanged at this stage with cash forecasts increased."

se81
30/4/2024
07:33
If revenue falls, you need less working capital and you have more cash. Being average cash positive for the year is an important milestone.
Choosing higher margins at the expense of revenue is not sustainable in the long term. Orders for the Christmas season will be in the bag now so IGR should have a good idea what the revenue will be going forward.

darrin1471
30/4/2024
07:31
Broker has moved adj PBT to $25.9m from $20.5m
hastings
30/4/2024
07:28
Adjusted PBT for the full year is lower than that for H1.
Make sense?

justiceforthemany
30/4/2024
07:23
The company says it is trading ahead of expectations. This is what they were before the update. It's possible they might restart the dividend this year with a small final, given the very strong cash performance.

Two brokers.
Average target 255p.
EPS consensus 2024 7.1p, 2025 16.8p, 2026 22.3p.
Div consensus 2024 0.0p, 2025 5.4p, 2026 8.0p.

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

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