Ig Design Share Discussion Threads

[ny boy] 29/10/2024 10:37

Cash generative are good words, following these, I will look to buy if things improve over this quarter.

[time 2 retire] 29/10/2024 07:44

Bh23,
Cash very much an improvement not "DOWN".
net cash of plus $7.4 million stated for H1 this year compared to H1 2023 where Net Debt was minus $15.1 million.

[blackhorse23] 29/10/2024 07:33

Revenue declined 11% , cash down by 50% YTY basis ??

[masurenguy] 29/10/2024 07:11

Post-Close Update

IG Design Group PLC announces its post-close trading update ahead of the release of its results for the six months ended 30 September 2024 ('the period'). In line with the expectations set out in last month's pre-AGM trading update, Group revenue has declined 11% in the period, driven by DG Americas, which resulted in a 62% decline in adjusted profit in H1 compared to the prior year period. However, as stated last month, we anticipate profit improvement in H2. Business simplification, efficiency and cost-saving initiatives will drive profit recovery in H2 such that we expect to deliver a profit in that period, compared to a loss in that period last year. We have executed a number of cost saving initiatives during H1 including the closure of the Chinese manufacturing facility and significant restructuring within DG Americas which positively impacts the higher H2 profitability. Cash generation remains strong. At the 30 September 2024 the Group ended with net cash of $7.4 million (H1 2023: Net Debt $15.1 million) driving a positive average cash balance for the period.

Outlook for the full year:

The Board believes the trading results for the full year to 31 March 2025 remain in line with its revised expectations as communicated at the Group's AGM statement last month. This represents strong year-on-year improvement in both profit and cash flow compared to the prior financial year. It will also deliver the Board's aspiration to return the Group to pre-pandemic operating margins of at least 4.5% by the end of FY2025. Further details on the performance for the six months, and the outlook for the period ahead, will be set out with the Company's interim results to be published on 26 November 2024.

[time 2 retire] 25/10/2024 11:02

Not a lot happening here, trading update next Tuesday.

[volsung] 18/10/2024 10:36

‘Losing’

[blackhorse23] 15/10/2024 09:35

Loosing revenues and profits both

[volsung] 15/10/2024 08:11

Quadruple bottom bowl?

[volsung] 15/10/2024 08:10

Triple bottom bowl?

[blackhorse23] 14/10/2024 11:31

No buyers now ??

[blackhorse23] 09/10/2024 09:49

Revenues are down by 90m within a year

[value viper] 02/10/2024 09:51

For me it's primarily the removal of BR nerves drip dripping

[volsung] 02/10/2024 07:54

Hopefully a triple bottom down here followed by a nice wee rise

[blackhorse23] 01/10/2024 08:47

the economic backdrop continuing to be challenging with subdued consumer sentiment expected to persist in some key markets; -sea-freight volatility, both in terms of availability and rates; and -increased risk from consolidation in the retail environment in some markets - making winning with the winners a critical strategy

[blackhorse23] 01/10/2024 08:37

My prediction are correct , going down every day

[blackhorse23] 29/9/2024 17:36

Revenues keep dropping while inflation which is no good

[blackhorse23] 29/9/2024 17:35

Outlook for the full year:With the order book now c77% complete at this point (FY2024 equivalent: 77%), we anticipate Group revenue to decline c5% for the full year, mainly driven by the trends we are experiencing in DG Americas.

[wad collector] 26/9/2024 16:58

Ah , Blackhorse appearing on a BB when there is a profit warning is as predictable as Xmas.
You claim to have sold your holding this am , and yet , you have forgotten that you had already claimed to have sold earlier this year, yet never claim to have bought any.
Blackhorse23 - 26 Sep 2024 - 10:00:31 - 1484 of 1498 Christmas Crackers (more technical info and new) - IGR
Dodgy trading update
Blackhorse23 - 02 Jul 2024 - 09:23:15 - 1446 of 1498 Christmas Crackers (more technical info and new) - IGR
Switched to RNK [better change to capital gains] 4 brokers issued strong BUY
Blackhorse23 - 21 May 2024 - 09:54:34 - 1391 of 1498 Christmas Crackers (more technical info and new) - IGR
Switched to GNC
Blackhorse23 - 30 Apr 2024 - 08:48:20 - 1317 of 1498 Christmas Crackers (more technical info and new) - IGR
Money moved to GNC

It's much easier to be honest, you don't have to remember your previous fabrications. I only post this just in case there is anyone left on ADVFN who has not come across you before and might believe you.

[deanowls] 26/9/2024 15:33

They are actually going through on shoring to be less impacted by freight costs.

They will have voted through authority to buy back and I believe they should be doing that whilst the share price is so low. Ex cash what’s the per? 3? Crazy price however if there aren’t management buybacks or company then draw your own conclusions.

[blackhorse23] 26/9/2024 15:29

Tomorrow another 5% to 10% down

[aishah] 26/9/2024 13:37

Canaccord fcst 21 cents (was 24) for FY 3/2025, 22 cents next year. So 15.7p this year and 16.5p next. Growth has stalled.

However, there is cash of $95m so hopefully some downside protection. No mention of freight costs so they must be managing that appropriately. Goes back on the watch list.

[blackhorse23] 26/9/2024 13:00

I have sold my holdings this morning with loss , then further drop , likely drop below 90p by next week

[grantley] 26/9/2024 12:46

thanks - though they did not subsequently replace him with a family CEO. Its frustrating personally as I have seen what was a very good profit in my shares acquired way before they became £8 become a loss.