Ig Design Share Discussion Threads

[s34icknote] 02/7/2024 07:24

Shoe down with cargo costs !Is this going to affect igr ?

[deanowls] 26/6/2024 15:25

Great piece and good to know of the potential in the sites they wish to get rid of. That PER drops massively if you take out the cash and tangible assets.

I think they also have plenty of self help to grow sales, reduce costs and financing costs, there’s around 14m of dead stock they need to look at.

I asked on the call around them approaching smiths news who want to offer more to the 1000s of news agents and I think there would be a lot of advantages there if a catalogue was produced online with stores and distribution for cards, one offs and seasonal items delivered to the shop. At least very little to lose trying on a small scale.

[pugugly] 26/6/2024 15:17

Thanks Martin.

[hastings] 26/6/2024 14:47

I appreciate that most will have gleaned plenty from the results release along with the Investor Meet. Hopefully though, my piece will a add a little more to the story.https://martinflitton1.wixsite.com/privatepunter/post/igr-wraps-up-the-year-with-impressive-numbers-26-06-24

[wad collector] 26/6/2024 12:52

Feels wrong to be celebrating Xmas crackers in midsummer...

Still deeply underwater myself here ; acquiring in 2021 was bad timing....

[bigbigdave] 26/6/2024 11:09

Buyers returning :o)

[tomps2] 26/6/2024 08:08

IG Design Group (IGR) 2024 Full Year Results presentation - June 2024

IG Design Group CEO, Paul Bal and CFO, Rohan Cummings present the group’s results for the year ended 31 March 2024, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[masurenguy] 26/6/2024 06:25

‘Buy’ IG Design, says Liberum

The investment case for gift wrap and Christmas cracker designer and manufacturer IG Design Group (IGR) is entering a ‘new phase’, according to Liberum. Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 345p stock, which softened 1% to 227p on Tuesday. The full-year 2024 results provided ‘confidence that the turnaround is progressing well’, said Brown.

He said it also confirmed the group is ‘pivoting towards sustainable growth’ and the investment case is entering a ‘new phase’. ‘The balance sheet is rock solid. With $95m [£80.2m] of net cash, profits could exceed peak full-year 2019 this year, and with sustainable revenue growth now firmly a target, dividends could be a feature in full-year 2025.’ Brown added that there were ‘many reasons to be confident’, including an order book running at 69% of budget versus 62% at the same point last year, self-help measures and cost efficiencies that will drive margins in full-year 2025, and the fact a consumer recovery is not needed for IG Design to hit numbers. ‘Even though the shares have done well of late, they are cheap,’ he said.

[time 2 retire] 25/6/2024 13:42

It would be nice to see a few directors buying at these prices before the next leg up which is no doubt coming given the next 3 years forecasts...

[hastings] 25/6/2024 10:12

I see Liberum has a £3.45p target price

[aishah] 25/6/2024 09:27

Top sliced a few. Had an overweight position from 120p so happy to take some off the table

[hamhamham1] 25/6/2024 07:38

Think 219p/220p is a pretty solid floor. Consolidation and uplift now IMO.

[masurenguy] 25/6/2024 07:33

There could be some top up opportunities after todays profit taking!

[hamhamham1] 25/6/2024 06:59

Yep, but if can get $50m pbt, then at a 12x - 14x PE, that would be €600 - $700m market cap.
And adjusted is at 2/3 pbt of that target currently.

[masurenguy] 25/6/2024 06:55

Quite possibly although the timeframe is inevitably speculative.

[hamhamham1] 25/6/2024 06:52

Share price should double over the next year or two IMO.

[masurenguy] 25/6/2024 06:51

As at last nights close, the shareprice was already up by 90% since the year end trading update was issued at the end of April. Hopefully we will see some positive uplift this morning but since results confirmed what was largely expected I would anticipate that any further price rise today will be modest and we could even see some profit taking. I'm invested in IGR for the longer haul so short term price fluctuations don't really concern me too much.

[johnrxx99] 25/6/2024 06:50

t2r, I think 5.935 penciled in for '25, not sure if pence or cents.

[bigbigdave] 25/6/2024 06:33

IGR Canaccord note... The current valuation looks anomalous & compelling given the improving margins, combined with forecast cash generation and a strengthening balance sheet. BUY" TP of 325p

[time 2 retire] 25/6/2024 06:33

Nothing new in the results that was not mentioned in the previous update, was hoping for maybe a token special divi or at least a mention of when they're likely to recommence.

Hastings, thank you, could you ask the question about future dividends please.

[tonytyke2] 25/6/2024 06:30

Excellent to see adj operating profits margins still rising since reported on the 30/04 at 3.8% now at 3.9%. Great stuff!Looking to add more here very soon.

[bigbigdave] 25/6/2024 06:29

Thanks Martin :o)

[johnrxx99] 25/6/2024 06:28

The US still holding it back but in general a very good year. Pleasing to see the International division with a 10% margin.

I hope the market will respond postively today.

PS many thanks Hastings

[masurenguy] 25/6/2024 06:21

Cheers Martin - be interested to know what further information they might add.