Ig Design Share Discussion Threads

[johnrxx99] 22/1/2020 01:42

Regreted selling a few at 6.96 as the RSI had peaked and waited for a comeback. Had to pay more to get them back but glad I did.

[jeff h] 21/1/2020 18:28

Thanks hawaly, may many of your investments be just as successful.

[hawaly] 21/1/2020 15:03

Awesome stuff - well done Jeff H 😎

[ssahoy18] 21/1/2020 14:33

love the deal. CSS used to make $30m operating profit a few years back but has been terrible managed. paul's the man to fix this up

[jeff h] 21/1/2020 13:17

Today's share price rise more than my buying price for IGR shares - get in there!

Looking forward to new forecasts and commentary from analysts such as Progressive Equity Research, Berenberg etc.

[nw99] 21/1/2020 11:25

No you are right to say that .Yes a mad scramble to buy some shares back no doubt

[rivaldo] 21/1/2020 11:16

Only kidding nw99, no probs - thx anyway.

Interesting to note that the placing was "significantly oversubscribed".

[nw99] 21/1/2020 09:54

Apologies it was a brilliant post thank you so much . Yes indeed SCSW will love this acquisition. You are always very good on all stocks much appreciated and apologies once again

[rivaldo] 21/1/2020 09:14

Hey nw99, at least give me a writing credit for your post 3049 :o))

Good decision and timing to buy in here. Could be good coverage from SCSW too following this news since they already cover IGR.

[nw99] 21/1/2020 08:51

Lovely day

[nw99] 21/1/2020 08:09

IG Design To Become "Global Leader" After GBP90 Million US Acquisition

[nw99] 21/1/2020 08:04

It could be an interesting day. This acquisition is nicely earnings-enhancing and could be substantially so given the CEO's commentary last night: "As well as doubling the scale of our US business, the combination of CSS and Design Group further strengthens our position as the global leader in consumer gift packaging and establishes us as a major supplier to the creative craft market. The acquisition significantly enhances the portfolio of products, brands and services that we offer to our global customer base of 'winning' retailers, as well as providing access to many new channels and markets. Through leveraging CSS' quality customer base, manufacturing capability and recognised brand portfolio together with the strength of our existing business in the US, this transaction delivers substantial opportunities for synergies across the Group and further accelerates the Group's positive momentum. We are delighted to have once again identified a compelling opportunity that meets our clear criteria, whilst maintaining prudent levels of average leverage. This acquisition is not only earnings enhancing, it also provides us with tremendous prospects to create further value for our shareholders."

[nw99] 21/1/2020 08:02

Bought here earnings enhancing

[nw99] 21/1/2020 07:37

Looks a buy now

[rivaldo] 21/1/2020 07:26

Placing done and dusted at 694p, easy-peasy:



It could be an interesting day. This acquisition is nicely earnings-enhancing and could be substantially so given the CEO's commentary last night:

"As well as doubling the scale of our US business, the combination of CSS and Design Group further strengthens our position as the global leader in consumer gift packaging and establishes us as a major supplier to the creative craft market.

The acquisition significantly enhances the portfolio of products, brands and services that we offer to our global customer base of 'winning' retailers, as well as providing access to many new channels and markets. Through leveraging CSS' quality customer base, manufacturing capability and recognised brand portfolio together with the strength of our existing business in the US, this transaction delivers substantial opportunities for synergies across the Group and further accelerates the Group's positive momentum.

We are delighted to have once again identified a compelling opportunity that meets our clear criteria, whilst maintaining prudent levels of average leverage. This acquisition is not only earnings enhancing, it also provides us with tremendous prospects to create further value for our shareholders."

[ihatemms] 20/1/2020 19:26

CSS were at $9.50 only last January and $30 only 2 years ago. So the premium should be considered in context.
Little chance of getting cheap CSS shares imho.

[refillmore] 20/1/2020 18:50

We’re paying double the market price for CSS, currently at $4.69. Hope it works out. Hope I can grab some shares of CSS cheap when markets open tomorrow.

[ihatemms] 20/1/2020 18:01

Any forecast where market will open tomorrow? £7.50 ?

[jeff h] 20/1/2020 17:52

Placing price almost at the market price - done very well for us existing holders there.

[boonboon] 20/1/2020 17:02

A big premium to the css share price.

[boonboon] 20/1/2020 16:57

Looks good. Wonder why it was released after hours and on a day the USA have a bank holiday.

[time 2 retire] 20/1/2020 16:45

That's a nice big US acquisition, will double our US presence.

[rivaldo] 24/12/2019 09:10

Ending the year at new highs.

Happy Xmas to all here, and congrats to the extreme long-termers here like t2r. IGR is now a doubler for me, but I wish I'd spotted it much earlier!