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Ig Design Takeover Rumours (IGR)

Created with Highcharts 4.2.3Takeover PostsSep '24Jan '2500.20.40.60.811.2ADVFN.com

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Ig Design Takeover Forum Posts

17-01-2025
I can't see why this is valued at £57m after today's news. Annual sales exceed $800m, operating profit averages around $10m (notwithstanding this year's blip), NTAV at the end of Sept was 264p per share. Net cash will now exceed the mkt cap. Obviously, you can revise these figures down, but it's patently crazy value now by any measure and an obvious takeover candidate IMO. I understand the harsh reaction - but I've been doing this stuff a long time now and it looks WAY overdone to my mind. Time will tell - but I'm willing to wait 4 or 5 years to £2 a share.