Ig Design Share Discussion Threads

[masurenguy] 20/6/2024 15:37

Well we know what to expect from the year end trading update issued some 7 weeks ago.
A summary: Trading Update for the 12 months ended 31 March 2024
Significant growth in profit and strong cash flow, ahead of expectations

The Group has continued to make good progress on its turnaround journey of improving operational efficiency and simplifying the business. These initiatives have resulted in significant growth in profit and margin for the year. The Group expects to deliver adjusted profit before tax of $25.9m (FY23: $9.2m), which is ahead of market expectations. The Group's adjusted operating profit margin is expected to be c3.8% which is a further recovery of 200 bps on the previous year. The Group expects to deliver revenue for the year in line with expectations of c$800m. This is a 10% reduction year-on-year.

The Group closed the year with a net cash balance of $95m (FY23: $50m), a $45m year-on-year increase which is well ahead of market expectation. This improved cash position was driven by increased profitability and continued improvements in working capital management throughout the Group. Moving forward, the cash position of the Group is expected to continue strengthening due to its financial performance and sale of freehold sites following consolidation in the DG Americas division.

[stockhunters] 20/6/2024 14:25

buyers anticipating results to be very good and you cannot blame them

[bigbigdave] 20/6/2024 13:00

Breaking out here.

[masurenguy] 19/6/2024 15:57

Results due next week on Tuesday 25th.

[time 2 retire] 13/6/2024 15:03

This can't seem to break the £2 to £2.20 range, ping ponging around for the last month.
Hopefully full year results in a week and a half or so will get this moving north again.
GLA

[s34icknote] 06/6/2024 09:39

Some one accumulating ?

[s34icknote] 06/6/2024 09:38

Lots of late trades !!

[tomps2] 03/6/2024 13:26

IG Design Group (IGR) Full Year Results webinar

Tuesday, 25 June, 12:30pm

IG Design Group Chief Executive Officer, Paul Bal and Chief Financial Officer Rohan Cummings will host an online investor presentation of the group’s results for the year ended 31 March 2024, followed by a Q&A session.

To attend, register here: bit.ly/IGR_FY24_results_webinar

[masurenguy] 28/5/2024 16:01

Momentum here continues even on a down day in the markets ! 😊

[aishah] 23/5/2024 13:54

Buy rated by Shares Magazine today @201p:

"With a 345p price target, implying 70% upside, Liberum Capital points out IG Design’s cash pile is ‘already ahead of expectations, so surplus returns to shareholders could be the surprise over the next 12 months’"

[time 2 retire] 23/5/2024 08:58

Masurenguy

Not quite, we hit £2.30ish a couple of days ago before a bit of profit
taking took place but confident this has much higher to go this year.

[masurenguy] 23/5/2024 08:28

Shareprice is currently at a 12 month high !

[time 2 retire] 23/5/2024 08:23

We should get a "notice of results" RNS any day.
Results usually second half of June.

[hastings] 21/5/2024 10:28

Excellent performance over the last few weeks.

[s34icknote] 21/5/2024 10:15

Plus 75 cash pile ?

[s34icknote] 21/5/2024 10:14

What was the target price ? 345p ?That's just the start as margins recover !

[blackhorse23] 21/5/2024 09:54

Switched to GNC

[hastings] 21/5/2024 07:24

Quite an increase that.

[s34icknote] 21/5/2024 07:07

Follow the money !

[masurenguy] 21/5/2024 07:05

Fidelity have virtually doubled their holding from 5.1% to 10.0% !

[s34icknote] 20/5/2024 09:16

Thanks allSo around 19 p sterling . About ten times earnings with a bundle of spare cash !

[johnrxx99] 20/5/2024 02:34

Sharescope has 23.83c, consensus.

[hastings] 18/5/2024 07:29

Forecast from Canaccord is for adj EPS of 23c for the full year ending 2025.

[dan_the_epic] 18/5/2024 06:13

seasonality, second half less revenue and heavily loss making because of that

last year pbt was minus 18m in h2, 2022 was -21m in h2