Ig Design Share Discussion Threads

[pugugly] 03/4/2018 11:21

Market reaction seems to say not happy with price received for the property.

[rivaldo] 03/4/2018 07:19

Good to see £2.5m more in the bank following the sale of a surplus property:



Trading update will be out the week commencing 16th April.

[time 2 retire] 26/3/2018 10:08

We should be getting our year end trading statement soon. March 24th last year...

[tomps2] 19/3/2018 09:42

IGR will be presenting on Monday 16th April, 5pm. London WC2.

At an event organised by Progressive Equity Research - MHP Communications and PIWorld. If you want to attend contact [e-mail]

Other companies presenting at the same event: Benchmark Holdings (BMK) and Miton Group (MGR.)

[rivaldo] 05/3/2018 07:14

Cheers t2r - that's good PR for IGR.

[edale] 03/3/2018 22:46

Thanks t2r, we have seen a welcome increase in share price in the last few days and may get a bit more on Monday from this recommendation.

[time 2 retire] 03/3/2018 04:40

From "This Is Money"

SHARE PUNT OF THE WEEK: IG Design Group's products are sold in more than 200,000 stores in 80 countries

Read more:

WHO IS IT? IG Design Group, formerly known as International Greetings, designs and makes gift packaging, cards, stationery and presents.
The Bedfordshire-based firm sells its products in more than 200,000 stores in 80 countries.
WHAT'S THE LATEST? Last month, IG bought Australian greeting card and paper product producer Biscay Greetings for £5.5million.
Biscay has nearly 2,000 customers in Australia and New Zealand. IG chief executive Paul Fineman said the deal would double its market share in Australia.

WHO BACKS IT? Fineman is the firm's fourth biggest shareholder, with nearly 4.5m shares. Fund managers Miton and Schroder are also among the top five shareholders.
WHY YOU SHOULD INVEST: Last month, IG announced it was on track to grow its profits and revenue this year.
Experts say its aggressive growth and acquisition strategy is stealing market share from rivals.

German bank Berenberg has given the firm a 'Buy' rating. Russ Mould, of stockbroker AJ Bell, said: 'It is a terrifically well-run business and it is really starting to eat the cake of some of its rivals.
'It has made great progress selling to the discount supermarkets and there is potential for the dividend to grow, too.'

[rivaldo] 01/3/2018 10:34

Nice - Berenberg have initiated coverage today with a Buy and a 500p target....

[time 2 retire] 05/2/2018 08:05

Result date is now showing as June 11th on company website.

[time 2 retire] 25/1/2018 07:42

Full year results out on Tuesday June 26th this year.

[time 2 retire] 22/1/2018 09:21

We can expect a few RNS soon with all these big trades going through lately, over £7 million worth since last Wednesday. Price still being held back for some reason tho.

Price moving now...

[time 2 retire] 18/1/2018 09:51

Price being held at £4.05-should fly once we clear.

[time 2 retire] 17/1/2018 13:28

Your very welcome edale, good luck and all the best for the future.

[edale] 17/1/2018 11:34

I have just been reviewing my investment here and looking back on some of the historical posts on this board. I seem to recall I saw a recommendation for IGR on another board, probably FIF which I was in at the time (early 2012). I started to follow IGR and found this board very informative with excellent quality and informative posts. I found posts from T2R of particular interest with a view from inside the company. Anyway I bit the bullet in October 2012 and made a purchase at 58.8p only to see the price halve by 50% by the following June/July to around 30p. Not one of my better investments I thought at the time but kept faith and now 5 years on still own the same shares at 400p. I have considered selling down a proportion of my holding on a number of occasions but positive company news has always persuaded be to continue and hold. After yesterday's update I will now hold until the year end results (and probably Beyond). I would like to thank all the contributors to this board which I have found very informative over the years and particularly T2R who I think played a significant part in my initial decision to invest.

[jeff h] 17/1/2018 10:56

Beat me to it riv!

With lower US tax payments and generally all round good trading and cash inflow, I can see the dividend being raised quite substantially and more than forecast here.

[rivaldo] 17/1/2018 10:20

New research note just out from Progressive:



With the benefit of the US tax cuts they see almost 25p EPS for the year starting 1st April. Given that IGR have plenty of Balance Sheet headroom for the acquisitions they've already flagged I'd say IGR are still pretty good value for such a high quality business.

[rivaldo] 16/1/2018 13:39

Cheers from me too dave, reads well.

[jeff h] 16/1/2018 12:57

Thanks dave!

[davebowler] 16/1/2018 10:48

Cenkos;
Q3 Trading Update



IG Design Group plc (“DG”) has released a Q3/18 update indicating that both gross and adj EBITDA margins are ahead of expectations – we upgrade 2018/19E adj DEPS accordingly. A continuation of the strong performance reported H1/18A, all core geographies remain on track to achieve strong YoY revenue and adj PBT growth, with DG having traded well throughout the Christmas period. The inherent growth potential of the Group’s geographically diverse market positioning (both organic and M&A-led) continues to be underscored by a strong balance sheet. DG’s commitment to a progressive dividend policy (5.5p, 2018E) provides investors with an increasingly attractive combination of growth and income. The recent softening in the share price offers an ideal entry point. BUY.

n Strong Q3/18 trading. With trading strong up-to-and-throughout the Christmas period, we reiterate our 2018/19E revenue guidance. We anticipate record sales of £325.1m in 2018E (+4.6% YoY), rising to £342.4m in 2019E. We forecast >70% of 2018E revenue (by destination) will be non-UK – testament to the Group’s diversified, global nature and thereby providing a natural hedge against geo-specific downturns in consumer demand and FX headwinds.

n An improved margin profile. We understand the improvement in both gross and adj EBITDA margins has been relatively consistent across all core geographies. As noted at H1/18A, a continued evolution in DG’s sales mix towards higher margin product categories (eg single greetings cards) and manufacturing/M&A-led synergistic benefits post The Lang Companies Inc. (Lang) acquisition in 2017A have all aided sustained margin expansion. The installation of an additional state-of-the art gift wrap manufacturing press in Holland (commencing production Q4/18) is also expected to afford additional upside to 2018E and 2019E.

n Upgraded adj DEPS. Considering the above improvements in the Group margin profile, we upgrade our 2018 and 2019 adj DEPS forecasts by 1.5p (+7.5%) and 0.9p (+4.0%) respectively.

n Impacts of US tax reform on 2019E. Given DG’s US exposure (~42% total revenue as at H1/18A), we expect adj DEPS to benefit in 2019E+. We anticipate this will also drive a reduction in cash tax payable, thereby further improving the net cash flow position of the Group. Whilst we await final confirmation as to the extent of the likely impact on DG, we believe a 0.5p-1p improvement in 2019E adj DEPS to be an appropriate range – this has not been captured in our upgraded 2019E position. We expect to provide an update (and formal quantification) at the time of the 2018 full year results in Jun-18.

[rivaldo] 16/1/2018 08:24

Agreed - loving this paragraph:

"we are therefore pleased to upgrade the Group's full year performance with diluted earnings per share1 expected to be ahead of current market expectations and delivering strong year-on-year growth. We continue to see strong cash conversion across the Group and expect average leverage for FY18 to follow the progress made in recent years and be significantly below an average of two times."

Plus the benefits of the Trump tax cuts.

Plus all the strong growth initiatives being undertaken.

Very happy to be invested in this ambitious and well-run company.

[time 2 retire] 16/1/2018 07:13

Another cracking Trading Update

"Strong trading delivers earnings upgrade"

Paul Fineman quotes

"We are very encouraged with the performance of our businesses across all regions. It is particularly pleasing that we have again upgraded our expectations and we remain confident in the Group's ability to report another year of excellent progress.

We are very well placed to continue to create sustainable value for our shareholders through organic growth and will also continue to seek compelling acquisition opportunities underpinned by an ever-strengthening balance sheet and a long track record of proven performance."

[rivaldo] 11/1/2018 14:58

I'd also add that the FD and the rest of the Board have probably been wrapped up in completing the acquisition of the Australian greetings card business, which only completed two days ago. This would likely have delayed finalising and approving the closing 31st December position and wording of the trading statement.

Volumes are indeed small - looks like this is a way of acquiring cheap shares for the MMs.

[dab26] 11/1/2018 13:00

Trading update was on Jan 5th last year, but...

2017 - 5th January. In line with upgraded expectations
2016 - 18th January. In line with expectations
2015 - 28th January. In line with expectations
2014 - 29th January. In line with expectations
2013 - 31st January. Broadly in line with expectations
2012 - 13th January. In line with expectations

I think the only conclusion I can draw from this is that the trading update will be in January, which is what they said at the interims anyway.

[hawaly] 11/1/2018 12:19

Card reported today - the market didn't like it.

The CEO Karen Hubbard was an avid buyer of the company's shares .....they've tanked since she took over (she's bought more today).

Lots of trades do not appear anywhere.

Just my view on those particular points.

GLA.

[ihatemms] 11/1/2018 12:12

Remember the new CFO spent circa £400k on shares @ 4.05 within the last month - I think he knows more than the average punter.

Volume is miniscule - hopefully the trend should now start to reverse.

Update should come anytime now but def Jan (as stated in the interims)

MMs collecting easy shares to sell on at £4.00 + post update IMHO.