Ig Design Share Discussion Threads

[s34icknote] 18/5/2024 06:08

24.4 c earning at half year point .Assume 24.4 in second half , but more waited ? Xmas ? That's. 48.8 min That's divided by dollar ? Min 40 p eps ?? Am I missing something ? What's the forecast eps ?

[hamhamham1] 17/5/2024 12:04

Five quid sound about right for this IMO.

[deanowls] 17/5/2024 08:41

Never trust an analyst that thinks it’s risen 7.3% or 6p @176p, this is what happens when daddy gets you a job.

[time 2 retire] 17/5/2024 08:33

IG Design recovery plan not priced in, says Liberum
Gift wrap and Christmas cracker designer and manufacturer IG Design (IGR) is entering the next stage of its recovery, says Liberum.

Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 345p on the stock, which this week has risen 7.3%, or 6p, at 176p.

‘As the group enters its next stage of recovery, we see the return of growth accompanied by continued margin expansion,’ he said.

‘The plan leverages the group’s key strengths while minimising the inefficiencies inherited from the old strategy.’

The recovery plan is two years in and the next three years ‘should see the business leverage its market-leading scale and share’, with return on capital employed growing as profit builds. Shareholders could also be in for a surprise as cash is already ahead of expectations and the surplus may be returned, said Brown.

‘Even though the shares have performed well recently, we still see 100% upside as the shares are not discounting any future value creation beyond full-year 2024 in the current equity value,’ he said.

[s34icknote] 17/5/2024 08:09

I think the key to the valuation is taking the cash out if the equation , then it is really cheap !

[wad collector] 16/5/2024 16:50

Great to see it poking its head back over £2. Shame I paid a fiver for them!

[lord gnome] 16/5/2024 16:50

That would be nice.

[aishah] 16/5/2024 16:01

@marketgem
#IGR IG Design Rated New Buy at Liberum; PT 345 pence

[deanowls] 16/5/2024 15:35

Take the cash out and it’s better than that.

[aishah] 16/5/2024 14:31

Indeed 200p+ trades now, but still cheap imo at fcst p/e of 10.4 and a peg of 0.2 wih a psr of 0.29 at mkt cap of only £185m! Not far off 52wk high.

[hastings] 16/5/2024 13:59

Another nice leg up!

[lord gnome] 15/5/2024 20:09

Or follow the link in 1362.

[lord gnome] 15/5/2024 20:06

Deanowls - read post 1359.

[deanowls] 15/5/2024 18:25

Can anyone copy and paste as I can’t open the link?

[johnrxx99] 15/5/2024 16:41

wow, didn't think that would cause such a uptick

[s34icknote] 15/5/2024 16:24

Just when you thought it was going to drift lower !!!!!!!

[aishah] 15/5/2024 16:20

2025 fcst eps growth +90% and a peg of 0.2!
Probably big players accumulating imo.

[time 2 retire] 15/5/2024 16:15

John, tipped in the times, link above.

[johnrxx99] 15/5/2024 16:07

And what has caused this spike I wonder.

[h1a3] 15/5/2024 13:58

Hi Aishah,
Many thanks for archive version. Today is looking quite positive. Upwards here IGR go.

[aishah] 15/5/2024 11:32

Full Times piece here without susbcription -

[blackhorse23] 15/5/2024 11:06

BIG NEWS: Greencore Group (UK, 0386410) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap Index. All changes are effective from 16 May 2024. Full details of index changes available on the FTSE Russell website.

[johnrxx99] 15/5/2024 08:32

That's nice, thanks Mas. It's good to be back after the US balls up. Seems to have got its mojo back.

[masurenguy] 15/5/2024 08:23

IG Design Group

IG Design is an Aim-listed company that is a world-leading producer of greeting cards, wrapping paper, stationery and gift bags, with millions of customers. Its business model was wrecked by Covid. Most shops closed, parties were outlawed, paper and shipping costs soared and consumers went on strike. Last year, however, IG hired a new finance director and a new chief executive, Paul Bal, who was fresh from reviving Stock Spirits, one of Europe’s largest booze groups. He has applied basic housekeeping: cutting debt, simplifying the business, exiting lossmaking contracts and improving efficiency. Last month he announced estimated doubled profits for the year to March, at $26m. That sent the shares from 120p to nearly 180p. While that is impressive, it leaves a long way to go to the 798p pre-pandemic peak of January 2020. The company expects to restore profit margins to 4.5% by next March, though that would remain well below the pre-pandemic 7%. Analysts reckon a return to dividends is likely with the 2024-25 results.

Complete article: