Ig Design Share Discussion Threads

[time 2 retire] 19/5/2015 09:31

A year end price anywhere near your predictions Daz would make all of us on here very happy i should think-the share price would have doubled in a 12 month...

[aleman] 19/5/2015 09:26

Perhaps, the new gift wrap CEO buying a few in a market that was already short of stock after the good news?

[daz] 19/5/2015 09:06

LOL T2R - I was about to say something similar! After patiently waiting for so long, I'm just not used to it.

FWIW - I think reasonable value would be about 140/150p, that's based on a forward p/e of 12.5, which is not too rich but takes account of the debt

[time 2 retire] 19/5/2015 08:34

How much higher can this go cause i'm getting quite dizzy now!

Someone must have had a sniff at the forthcoming results and future forecasts.

[cfro] 19/5/2015 08:28

Moving up right from the off. Im getting the feeling that this is under some accumulation.

[cfro] 18/5/2015 18:24

Great rise today. Bought more into the strength of the rise.

[psolomons] 18/5/2015 11:39

Re-Rating !

[pugugly] 16/5/2015 11:49

t 2 r. Many thanks for quick response - You have confirmed my doubts which had been raised by the difference in timing of the turnaround of IGR and the time she left you. As a result I suspect I will continue to avoid William Sinclair.

I trust you are enjoying your retirement and the recovery of the iGR share price. As usual I sold some of mine too early but cannot complain as they were at a nice profit and the balance still held are up over 200%

[time 2 retire] 16/5/2015 11:39

Hi Pug, i'm not sure if i can really help but thinking back i don't think she was thought very highly of whilst with IGR.

I don't know if she had a direct hand in turning around this company, probably not or i don't think she would have been shown the door in 2011-in this year we had a mass clear out of directors and apart from Hedlund and Fineman changed the whole board (Sheryl Tye-CFO, Keith James-Chairman, Martin Hornung-Executive Director and Chris Howell were all given the boot IMO even though RNS's state they all retired or moved to pastures new of own accord!!!).

If any of these were worth their salt i still think they would be with IGR today.

Sorry i cant be of more help, i would ask a few questions for you but iv'e been retired myself for 2 years now.

Good luck

t 2 r

[pugugly] 16/5/2015 10:51

time to retire:> Your help please if possible.

One of the coys on my watch list is William Sinclair but I have never invested as it seemed to be a basket case heading for liquidation.

They have just appointed (15 May 2015) Sheryl Tye who "joins the Company as CFO, on an interim basis. Sheryl has been a CFO, and interim CFO, of a variety of companies including in manufacturing at International Greetings plc, winning "Listed company turnaround of the year", and more recently as an interim at Impellam Group plc. She has considerable experience in transformation programmes" etc

However she was only with you from September 3, 2008 to October 3, 2011.

The share price appears to have performed well during this period but then so did the indexes.

Can you say how important was she to the turn round of the coy - In other words was she responsible for both creating and implementing the strategic plan or was she purely responsible for executing it

The reason I ask is that I am surprised she left before the benefits of the plan were reflected in revenue and profit performance.

Any help you can give would be much appreciated as I am revisiting W Sinclair but it appears to be in a far worse position than IGR were in 2008.

If you do not feel comfortable commenting publicly please send me mail through ADVFN system.

Thanks in advance

[daz] 15/5/2015 15:32

Plenty to go for here cfro, it's a core holding for me after the trading statement.

[cfro] 15/5/2015 14:04

Joined in the rally today. (First time holder here).

Think im in luurve with Elsa from Frozen. :-)

Thanks given to Olaf.... er I mean Ic2....who has completed some brilliant research here. :0))

[time 2 retire] 15/5/2015 11:27

Here comes the usual tumble down - mm's i hate you...

[psolomons] 15/5/2015 11:20

This is terrific for all the holders who have stayed patiently with IGR for all this time. Having said that we all knew this was very likely with more to come.

[battlebus2] 15/5/2015 11:02

Great!! It's been a long time coming....

[time 2 retire] 15/5/2015 10:59

And there we have the £1+ Lord G, its been a long time coming...

[lord gnome] 15/5/2015 10:18

And the movement duly arrives T2R. Soon be through £1. A couple more buys should do it.

[interceptor2] 15/5/2015 10:18

Well observed time 2 retire :o)

Nice tick up just now as another buy has gone through at the full ask 99p. The 100p level is important from a psychological viewpoint, and IGR does seem to move quickly on small volume.

Will watch what happens if IGR can pass the 100p with interest.

[time 2 retire] 15/5/2015 07:34

We may get a bit of movement soon as a buy went through yesterday afternoon at 99p...

[coolen] 09/5/2015 22:37

Why should momad advisers require our Finance Director to burn the midnight oil calculating "DEBT/EBITDA" ratios before he can recommend a dividend to the board?

In my day, Finance Directors were a lot brighter than nomads (or their predecessors) and were quite capable of assessing whether the company they ran could afford a dividend.

In short, I agree with Aleman !

[aleman] 08/5/2015 23:56

Yes. It is common amongst companies considering reinstating dividends to target a debt/EBITDA figure of 2 as a benchmark to get under to restart payments. Personally, I think it is childishly simplistic and a bit like quoting Body Mass Index or cholesterol levels as a benchmark of health when they are very blunt tools if not considered with a host of other lifestyle factors. Who sets the rule that can't payout a small dividend if the ratio is over two and falling?

Anyway, this should not detract from the fact that the news indicates very good progress on the part of IGR that is probably not yet fully reflected in the share price.

[interceptor2] 08/5/2015 23:02

Hi starpukka. I have seen the ratio of debt to EBITDA used in many other stocks, so I guess it is fairly widely used. If you click on the link below, you can look at some reseach notes I made that hopefully will give a clearer picture of the debt relationship and also an overview of the potential here as I see it.

hxxp://shareinfo.myfastforum.org/International_Greetings_IGR__about1550.html

[starpukka] 08/5/2015 21:56

Hello Gentlemen.
I love the pbt to mcap ratios here; but is it normal to list debt as a ratio of EBITDA in the trading update; rather than providing a figure. Please excuse my ignorance but I usually like to see an actual amount to compare with the PBT figure. GLA.