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Ig Design Group Plc

13.50 (10.38%)
Share Name Share Symbol Market Type Share ISIN Share Description
Ig Design Group Plc LSE:IGR London Ordinary Share GB0004526900 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  13.50 10.38% 143.50 184,668 15:14:44
Bid Price Offer Price High Price Low Price Open Price
140.00 147.00 146.50 132.00 132.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Greeting Cards 965.09 -3.28 -3.40 - 141.05
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 9 147.00 GBX

Ig Design (IGR) Latest News (4)

Ig Design (IGR) Discussions and Chat

Ig Design (IGR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Ig Design (IGR) Top Chat Posts

Top Posts
Posted at 19/5/2023 20:18 by darrin1471
ottrott. I happy to bounce ideas.
Previous high of around £8 was built on clearing debt, growth and the prediction of future growth. This is now a recovery stock without any growth currently. I was looking to reduce between £2 and £4 on execution of the previous plan.
I still think £4 over 3-4 years is doable if all things remain equal, which they wont.
However the next 6 months has headwinds vs last year and what was behind the "recently deteriorated trading, and very limited pricing expectations for Christmas 2023 in the United Kingdom".
IGR fell nearly 50% after 08/22 highs and is today 20% off YTD highs.
"Lance Burn has agreed to remain in role as Interim Chief Operating Officer through to 31 October 2023". What happens then? How much of the US management has been changed and are any of the customer relationships effected by the change in US personnel?
"management's aspiration to restore pre-Covid operating profit margins by the end of FY25". That is "end of FY25" which by my reading is around 01/01/2025, for sales taken for delivery in Christmas 2025. Adjusted operating margin was 7.3% in FY 2019.
Lots of outlook clarification needed on June 20th and during the Q&A.

Posted at 19/5/2023 14:51 by darrin1471
I had intended to top slice before the end of year update, but took my eye off the ball as the price kept on rising.
Results for YE23 were slightly better than expected. We knew the FY23 was weighted to the first half due to the early delivery of Christmas orders.
What concerned me was the outlook. "FY24 to present demand and pricing challenges". This is concerning because orders will already be in for Christmas 2023. They are not forecasting but reporting future sales. Supply chain bottlenecks have been resolved so there has to be a risk that early H1 revenue will fall back to their normal position in H2.
H1 YE24 results and profits are likely to be significantly lower than H1 YE23.
With a new CEO and CFO they will be working on a new strategy. I liked the old strategy being executed by Lance Burn, so I see a potential risk there.
Having reflected on the above I feel IGR could drift lower for the rest of the year and have sold IGR.
I will be watching IGR closely and may jump back in if I have made the wrong call.
Good luck all.

Posted at 19/5/2023 09:05 by tomps2
IG Design Group (IGR) Full Year results webinar

IGR Chair, Stewart Gilliland and CEO, Paul Bal will present Full Year results for the year ended 31 March 2023, followed by Q&A.

Register here:

Posted at 18/2/2023 16:30 by time 2 retire
A fairly good write up by Kevin Godbold in the motley fool.

1 cheap share I’d buy now in my Stocks and Shares ISA.
There are many cheap shares around now because of recent geopolitical and economic events. And last year’s weak stock market created several attractive-looking investment opportunities for my Stocks and Shares ISA.

One I’m keen on is IG Design (LSE: IGR). The company describes itself as a “leading”; manufacturer of gift packaging and products for celebrations, gifting, stationery and creative play.
In the trading year to March 2022, around 69% of revenue came from the Americas and 12% from the UK. The remaining turnover came from other countries in the world. So IG Design has a well-developed international business with an emphasis on America.

But as we might expect, operations have a lot of cyclicality. And that’s caused problems along with the well-reported general supply chain difficulties.

I last wrote about the firm in November 2019. Back then, the business was riding high and growing like mad. And I reported the share price at 639p. But today, it’s in the ballpark of 153p. So what went wrong?
The answer to that question is earnings. The pandemic and the other economic challenges caused the firm’s profits to drop away. And the share price plunged as well. Since its peak in January 2020, the stock is now around 78% lower. Therefore, it’s cheap in that sense.

But the business is turning itself around. And the shares have been responding well. For example, over the past year, the stock has risen by just over 40%. But the enterprise has the potential to perform well in the coming years and to rebuild its earnings.
The business is turning
Last November’s half-year results were encouraging. Revenue for the six months to 30 September increased 8% year on year. And there was “improved profits and margin recovery”. The directors said they expected the full-year results to be “ahead of expectations”.

City analysts have pencilled in a big earnings recovery of around 580% for the trading year to March 2024. But even if that happens, earnings will still only be around a quarter of those achieved in the year to March 2019.

Meanwhile, the forward-looking earnings multiple set against that estimate is around 15. And that valuation strikes me as fair rather than cheap. However, if IGR can rebuild its earnings to somewhere near prior levels, the valuation today could prove to be cheap. But positive outcomes aren’t guaranteed. So I’d suggest this stock is not for widows and orphans, despite the potential of the business to recover and grow.

But new chief executive Paul Bal is due to take up his position on 1 April. And he’s been the chief financial officer (CFO) since March 2022. But prior to that he served as CFO at Stock Spirits where he “was instrumental in the turnaround of the then LSE-listed group”.

However, even with a refreshed management team in place, positive outcomes are not certain. And one thing for investors to keep an eye on is the big load of debt carried by the company.
Nevertheless, I’m optimistic about the multiyear prospects for IG Design. And although I already hold some of the shares, I’m thinking about adding more to my Stocks and Shares ISA.

Gets my goat when it mentions company debt, if these journos did a bit of research they'd see that it's seasonal debt, IGR always borrow heavily for the Xmas orders but are always cash positive at this time of year...

Posted at 02/2/2023 14:53 by darrin1471
t2r Patience.
Fall has been on low volume.
Always felt the IGR share price was "managed" down and up.
May be an opportunity to top up ahead of results. Happy with my exposure and profits so not adding.

Posted at 26/1/2023 15:51 by darrin1471
A year to the day since the TU that saw IGR share price fall 58% on the day.
Despite resent strength share price needs to rise 50% to get to that pre TU price.

Posted at 30/11/2022 14:14 by darrin1471
H1 2023 "The Group's adjusted operating margin recovered from 4.7% to 5.9% year-on-year". H1 2021 adjusted operating margins were 7.5%

H1 2023 Adjusted operating profits were $30.5m vs $22.2m in H1 2022 and $32.4m in H1 2021

IMO IGR should be aiming to regain margins in H1 2024 similar to those seen in 2021 which should be achievable as inflation falls and as CSS integration efficiencies are executed. Margins of 13.1% in H1 2021 and 12.3% in H1 2023 were achieved in DG international so further improvements may be possible.

H1 2023 revenue grew 8% vs 2022 and 2022 was +11% vs 2021. H1 2023 results said retailers were ordering early this year and last years H1 2022 results were lower due to shipping delays.
Price inflation is less likely to lead to revenue inflation with a company like IGR as for example Walmart will order a $5 stationary set in 2021 and order a $5 stationary set in 2022 but due to input inflation will accept the 2022 stationary will have less items in it(re-engineering). Walmart then might order a few less $5 sets in 2022 as consumers may be financially squeezed and they may see the product as less good value.
IGR will need to take market share for flat revenues.

Having bought into IGR in May 22 as a recovery share, I was looking for a recovery to around £2.50 within a couple of years. Recovery to £5 plus looked unlikely as this valuation was based upon IGR being a 20% growth share. Half of this growth was coming from organic growth and other half from acquisitions. Recession makes organic growth more difficult. Acquisitions were unlikely as CSS was still being integrated. IGR had no spare cash and the IGR shares were worth significantly less if acquisitions were to be funded by new shares being issued.
News that IGR intends to fully refinance in H2 2023 and that the "Board will shortly initiate the development of a growth-focused strategy." may indicate that acquisitions are back on the table soon.

Posted at 29/6/2022 07:25 by hamhamham1
29 June 2022

IG Design Group plc

("Design Group", "the Company" or "the Group")

Director/PDMR Shareholding

IG Design Group plc (AIM: IGR) has been informed of purchases of ordinary shares in the capital of the Company ("Ordinary Shares") by certain executive and non-director directors of the Company on 28 June 2022. Details of the purchases are set out below:

-Anders Hedlund, Non-Executive Director, purchased 75,000 Ordinary Shares at a price of 78.7 pence per Ordinary Share. Mr. Hedlund purchased these shares in his personal capacity. Following this transaction, Mr. Hedlund and parties connected to him are interested in 22,893,994 Ordinary Shares representing 23.5 per cent of issued share capital of the Company*.

-Stewart Gilliland, Interim Executive Chair, purchased 50,000 Ordinary Shares at a price of 72.8 pence per Ordinary Share. Following this transaction, Mr. Gilliland has an interest in 57,500 Ordinary Shares, representing 0.06 per cent of issued share capital of the Company.

-Lance Burn, Interim COO, purchased 25,679 Ordinary Shares at a price of 77.8 pence per Ordinary Share. Following this transaction, Mr. Burn has an interest in 25,679 Ordinary Shares, representing 0.03 per cent of issued share capital of the Company

-Mark Tentori, Senior Independent Director, purchased 28,554 Ordinary Shares at a price of 70.0 pence per Ordinary Share. Following this transaction, Mr. Tentori has an interest in 39,665 Ordinary Shares, representing 0.04 per cent per cent of issued share capital of the Company.

-Clare Askem, Non-Executive Director, purchased 24,096 Ordinary Shares at an average price of 83.0 pence per Ordinary Share. Following this transaction, Ms. Askem has an interest in 24,096 Ordinary Shares, representing 0.02 per cent of issued share capital of the Company.

Posted at 17/6/2022 15:13 by darrin1471
debs: IGR were previously looking for 15% organic growth by adding new products to their range from the CSS acquisition. It appeared major customers were encouraging IGR to expand into these areas where they were getting poor service from existing suppliers.
IGR also planned to add bolt on acquisitions to boost turnover further but I expect this will have to be put on hold now until IGR share price recovers and CSS acquisition proves profitable.
IGR customer base is quite impressive. If IGR customers turnover drops 5% then the 15% organic growth would be cut to 10%. Other suppliers may also go bust giving opportunities.
Big retail buyers want the low labour high value "multiple display units" IGR create.

IGR products created from the CSS range in the US could then also be cross sold to IGR customers across the world. Same with other bolt on acquisitions.

Posted at 10/6/2022 08:25 by blackhorse23
IGR share price prediction is 519p at 2022 ! Let's see
Ig Design share price data is direct from the London Stock Exchange
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