Ig Design Share Discussion Threads

[rossendale14] 26/5/2015 09:05

IGR mentioned by a fund manager in last weeks 'Money Week'.

[interceptor2] 26/5/2015 08:45

I didn't notice any coverage, but even small selling pressure is moving the share price higher.

I did add again this morning, but not easy, it felt like I had to wrestle the shares off the MMs. Which is the best time to buy imv.

[battlebus2] 26/5/2015 08:26

Indeed :)) Did we get a mention over the weekend anywhere?

[cfro] 26/5/2015 08:24

Nice way to start the week! :0)

[psolomons] 23/5/2015 08:46

I haven't known such upward pressure on a share for quite a while and although it won't be in a straight line I suspect there is a way to go yet. Higher profits, lower debt, sale of the old plant at Hirwaun and re starting dividends. We were all correct in thinking this was a very low share price a couple of weeks ago.

[lord gnome] 22/5/2015 17:05

Most market makers work on a fixed published spread t2r. It will vary between MMs, but is 6p or 7p in this case, i.e. a spread of 115 - 122. When CFEP dropped the offer to 120, their bid automatically dropped as well. Many of the other MMs were bunched on a 115p offer.

[time 2 retire] 22/5/2015 16:34

I saw the 20k sell go through but i'm thinking why drop the bid back to 115p giving a 5p spread for just a few minutes when there's buyers in the wings.

Never mind, another cracking week for us all...

[lord gnome] 22/5/2015 16:29

Not this time t2r. CFEP bought a drop of 20k at 117.25 and moved over to the offer at 120 to sell them. That's all. SING has now moved up to 117 on the bid. No games.

[time 2 retire] 22/5/2015 16:10

MM's playing games again here...

[interceptor2] 22/5/2015 15:00

Must be difficult to accumulate a large position for Gervais Williams without a large holder willing to sell?

Nearly all small buys today and the share price is up 5%.

[saucepan] 22/5/2015 14:25

Onwards and upwards now, it would seem :-)

[cfro] 22/5/2015 13:47

As suspected the dip didn't last long..

[battlebus2] 22/5/2015 13:32

Yes let's TTR, looking good this time....

[time 2 retire] 22/5/2015 13:10

Lets break this £1.16p threshold -4 times we've hit it this week then falls back.

[time 2 retire] 21/5/2015 09:27

I noticed that too ps, my last divi was for 2p in Jan 2008 just as we hit trouble but the previous year IG paid 10p per share (share price peaked at £4.87p) so hopefully we'll be seeing the likes of this again in a few years or so.

[psolomons] 21/5/2015 09:12

Its good the asset management group has spotted the potential of IGR but they aren't much good at research. The company has paid decent dividends in the past contrary to what Gervais Williams thinks.

[time 2 retire] 20/5/2015 16:45

As we all suspected, it's Gervais Williams Miton Asset Management group that is mopping up all the slack here....he speaks to MoneyWeek

hxxp://moneyweek.com/

The interview goes on a bit before IGR gets a mention but he's predicting a 2p divi to start potentially paying upto 12p... he says

"One which we saw just a couple of days ago is International Greetings. It’s a business which is in wrapping paper around the world, one of the top three suppliers. Not necessarily an exciting company but a business, which is now about £50m market cap, which has invested £10m CapEx in the last three years in productive improvement; productive improvement in Holland, productive improvement in the UK. That’s defended margins. That’s meant they’ve got more growth potential and improved service levels. And that meant that a couple of weeks ago, they actually said that they were trading above expectations.

The debt had fallen faster than they expected and having never paid a dividend, they’re now contemplating a dividend. It’s on a P/E of eight. It could pay yield of 12p. It’s not going to pay a yield of 12p but it might start at a yield of 2p. It might move to 4p. It might move to 6p, I don’t know. But that’s a wonderful thing for an investor to be investing in a company which is productively improving and generating cash, and paying decent yields'

[interceptor2] 20/5/2015 16:29

Interesting LG, I know it is often posted on these threads that MMs are short of stock and that there is an order being filled in the background etc etc.

This this does feel like the case here imo. I prefer a situation where I struggle to buy stock as opposed to buying well inside the spread, means that shares are in demand.

[lord gnome] 20/5/2015 15:05

It is a false dip cfro. I think they are trying to use a pull back to tempt weak holders to sell a few. I've just tried a dummy sell and been offered 114.5 for some of mine.

[cfro] 20/5/2015 14:01

Yes ic2, i wonder how long this tiny dip in the share price will last...

[interceptor2] 20/5/2015 12:45

Agree cfro, these are under accumulation the reason I say this is that I have just tried to top up my holding, I tried the nms of 2000 but couldn't deal, then even a fill/kill failed with TDW. Managed to buy a small amount at near the full ask.

[2breakout] 19/5/2015 14:17

Looks way over extended now, but mm's seem to be taking the roof off most shares at the moment.

[cfro] 19/5/2015 14:06

Definitely feels like insti's accumulating here.

[lord gnome] 19/5/2015 09:59

I think we have had our lot for now. It will only need one or two profit takers to knock it back a bit. The next excitement should come towards the end of next month. I will be happy if we just hold these levels until then. Anywhere around 120-130 on results will do for me.

[daz] 19/5/2015 09:46

I think we've got Gervais Williams to thank. His new Miton fund has probably hoovered up any loose stock leaving very little available.
We could have further to go, depending on the level the next institution wants to offload their stake. Some must be tempted as it remains a very illiquid stock.