Ig Design Share Discussion Threads

[shanklin] 28/1/2015 09:14

t2r, Thank you for the information. Those are the same links.

[time 2 retire] 28/1/2015 09:07

Shanklin, whatever net debt deductions is gained by operations should be significantly topped up by the sale of the 2 sites IGR have up for sale IMO



and


hxxp://www.novaloca.com/industrial-unit/for-sale/bargoed/pengam-road/101235?search=true

[shanklin] 28/1/2015 08:41

So, is anybody prepared to take a punt on the scale of the forthcoming debt reduction and do none of us have any clue on this?

[psolomons] 28/1/2015 08:38

I would say this share is an absolutely prime target for a re rating. All the indicators show the company is making significant progress and the share price must reflect that soon. IMHO.

[lord gnome] 28/1/2015 08:37

I can't agree with that PUGUGLY. If the finals come in as I expect and show a major reduction in net debt, coupled with a forecast of further major debt reduction in the next 12 months as capital expenditure costs drop away, (...draws breath) then I would expect the share price to respond favourably. We may just see a token 0.5p final dividend announced which would indicate increased dividends to come. This would also provide a catalyst for a further share price rerating.
I see us at £1 in 12 months time. It is taking a bit longer to achieve than I thought when I first bought into this company, but the progress is solid and management look sure-footed.
The only 'unknown unknown' is the possibility of management using the current strong cash flow for another bolt on acquisition. That might just limit my dividend hopes in the short term. Listening to the IC video interview however, I think management are well aware of the need to pay a dividend again and I don't think anything will stop it. It is just a question of how much they decide to go for. I reckon a total of 1.5p next year with an interim of 0.5p and a final of 1p.

[shanklin] 28/1/2015 08:21

Hi Daz

Yes its clear IGR are aware that debt reduction is important. Perhaps there's a broker note indicating the rate of debt reduction they are targeting? If the debt reduction is significant and at speed then I can see significant benefit for the share price But if they are not going to make significant progress, then I agree with Pugugly's viewpoint.

Any ideas on the likely rate of progress?

[pugugly] 28/1/2015 08:15

Looks (imo) as though most of share price recovery is built in and suspect continued sideways movement between 70p & 80p for the mid term (18 months - say) subject to overall market trends until clear evidence of significnt debt reduction and potentail for restoration of the dividend -

Other thoughts ?

[daz] 28/1/2015 08:09

Martin,

They said this at the interim's '...Reduction of debt and the associated interest cost remains a key focus and our programme to reduce year end net debt is on track.'

The trading update being generally positive would indicate that this is still going in the right direction, so yes no numbers but the trend and its priority with management is clear. The main reduction in debt will come in the following years as the costs of the big investment program and dual site running are now over.

[lord gnome] 28/1/2015 07:55

Good update. Nothing there to worry anyone. I can't see 'in line' setting the share price alight however. I hope I'm wrong. This is a good hold.

[shanklin] 28/1/2015 07:54

ps

Yes, I did read that but would have liked some numbers. If they are making real progress, why not be specific about it. I would omit numbers if I was not making any substantive progress, but perhaps IGR just prefer leaving the numbers to HY and FY results statements.

Cheers, Martin

[psolomons] 28/1/2015 07:47

Did you miss this line Shanklin.

Our exciting portfolio of brands and product categories, combined with our competitive position bodes extremely well for the future as we continue to focus on reducing leverage and converting the Group's growing profits into cash".

[shanklin] 28/1/2015 07:43

Its a shame they mention the importance of managing their debt but don't state whether they are making any progress in that regard. Any thoughts please on how addressing this important issue is progressing?

[funkmasterp12] 28/1/2015 07:12

Nice update!

[time 2 retire] 28/1/2015 07:08

There's not a lot wrong with today's trading statement IMO... very good in fact.

International Greetings PLC

28 January 2015

28(th) January 2015

International Greetings PLC (the "Group")

Trading Update

International Greetings PLC, one of the world's leading designers, manufacturers, importers and distributors of gift packaging and greetings, stationery and creative play products, announces an update for the third quarter, which covers the Group's key Christmas trading period to 31 December 2014.

We are pleased to report that the Group has performed well during the Christmas trading period and results are in line with expectations with all regions trading profitably. The Group is on target to deliver planned EPS growth for the full financial year ended 31 March 2015 in line with the Group's performance over recent years and the Board's stated growth strategy.

We are also delighted to report excellent progress across a number of commercial and operational initiatives.

In Wales, our new state-of-the-art giftwrap manufacturing facilities were completed on time and to budget and are already producing significant volumes highly efficiently.

Our Dutch based operation has achieved record sales and production volumes and has now fully integrated Enper BV which was acquired in June 2014.

In the USA, record sales levels were reached with growth across all channels underpinned by successfully managing the short term operational challenges reported at the time of the Interims.

The Group's sales of licensed products has included over three million products featuring Disney's 'Frozen' across our gift packaging and creative play categories.

Paul Fineman, Chief Executive, said:

"We are very encouraged by the Group's overall progress driven by our performance and dedication in providing great service and products to our customers in more than 80 countries.

We have achieved this whilst simultaneously transforming our manufacturing platform in the UK and also fully integrating the business we acquired in Holland.

Our exciting portfolio of brands and product categories, combined with our competitive position bodes extremely well for the future as we continue to focus on reducing leverage and converting the Group's growing profits into cash".

[time 2 retire] 26/1/2015 07:27

We may be getting a christmas trading update this week.

[jeff h] 24/1/2015 19:28

Yes excellent interview. Paul Fineman seems very confident.

[battlebus2] 24/1/2015 19:21

Also gets a Star Pick rating in Shares this week in their AIM 500 column, cash generation will now increase strongly now that some hefty investment in the business is coming to an end enabling the co to pay down debt and reinstate the dividend, a potential rerating catalyst. Cenkos forecasts10% pre tax profit improvement to 8.3 million for 9p EPS leaving them on a P/E of 8.2 which they say, that rating is TOO LOW.

[lord gnome] 24/1/2015 18:54

What a super interview. Good spot t2r. Jut makes me want to buy more stock when I am already fully loaded with IGR. I'll post that link around some of the boards I frequent to see if I can get any interest.

[time 2 retire] 23/1/2015 18:27

Today's Investors Chronicles site visit-a very good watch guys, I'm so glad this chap is CEO...IMV its criminal that these shares are 70p...

[time 2 retire] 02/1/2015 15:04

We get a small mention in STOCKOPEDIA'S 10 tips to follow in 2015...

New Year 'Naps' - Top 10 Stocks for 2015...

hxxp://www.stockopedia.com/content/new-year-naps-top-10-stocks-for-2015-89568/

[daz] 02/1/2015 15:00

Happy new year all, I'd like to think there are a few more than 3 :)

[time 2 retire] 02/1/2015 14:54

This share price is being held back for 1 reason or another, not a lot of activity lately but most trades are buys.

Happy new year and good luck to all IGR holders (to all 3 of us).

t 2 r

[time 2 retire] 11/12/2014 14:04

Thank you Aleman

[aleman] 11/12/2014 14:02

There's nothing new in it apart from forecasts from Cenkos of EPS of 9.0p and 10.5p (so a bit lower than Edison's 9.6p and 11.3p). There is again mention of a likely dividend next year when debt/EBITDA should drop below 2. It's just a nice bit of extra publicity for an existing overlooked recovery story.

[time 2 retire] 11/12/2014 13:45

Looks like a good article in today's SHARE MAGAZINE-is there any subscriber out there that can post the full story please.....

A cracking recovery story
Deleveraging, dividends and festive surprises offer re-rating catalysts
This could be a canny time to welcome greetings cards-to-Christmas crackers manufacturer International Greetings (IGR:AIM) into portfolios. Earnings are growing, while debt reduction should soon clear the way for a return to dividends and a material...

hxxp://www.sharesmagazine.co.uk/articles/welcome-international-greetings