Ig Design Share Discussion Threads

[blackhorse23] 21/3/2022 08:05

It's matter correct valuation which is matter ! IGR share price valued around 525p but trading 66p atm

[value viper] 19/3/2022 10:11

Yes that Octopus reduction is minimal - at least until we see if they continue to reduce down here - also that related to some selling the day before yesterday from what I can make out....Of more interest (I think) might be who was behind what looked like some fairly chunky buying yesterday .....

[darrin1471] 19/3/2022 09:56

I think Octopus Investments Nominees is a collection of investments so the sale may be an individual manager, fund or wealthy investor. There are always going to be sellers to make a market.
I don't have an issue with the information coming out. It seems quite clear. Supply chain issues incurring fulfilment related cost premiums. US craft sales below covid levels. Management leaving. Review of US business. Update in April.
I would suspect shorting of the shares and the change of the shareholder profile is dragging the price down.
Not shorting or holding at the moment so hopefully more upside for me.

[justiceforthemany] 18/3/2022 22:26

No one seen the holdings RNS? Octopus are selling even at these levels. Shocking. Management and investor relations both seem dire/AWOL.
Same goes for the house broker Canaccord.

[blackhorse23] 18/3/2022 22:18

Best company to buy at LSE

[darrin1471] 18/3/2022 19:40

"The Board will provide a further update to the markets in April 2022 as part of the year end trading update."

[value viper] 18/3/2022 18:36

Well it's certainly looking interesting now I think chaps Some lumpy prints there todayTrading update was 21 April last year

[kooba] 18/3/2022 17:52

The banking facilities are some $200m and have always had a lot of headroom.

[kooba] 18/3/2022 17:21

Year end 31st March 21..the latest full report and accounts.The Group finished the year with a net cash balance of $76.5 million (2020: $52.4 million) with Average leverage for the year at 0.0 times (2020: 0.9 times) reflecting the effective focus on cash management during the year especially during the businesses' peak working capital period. Furthermore, the Group was pleased in May 2021 to extend the existing banking facilities for a further 12 months to June 2023.

[kooba] 18/3/2022 17:04

That is the net number they gave..net cash $40m. Now obviously that figure goes down and into the negative when they are arranging the purchasing of the $100m's of stock for peak season..it is quite seasonal and picking a figure before peak season is not representative of the true picture.I'm sure they have working capital facilities in place for this seasonality.

[darrin1471] 18/3/2022 16:06

VV. IG need a lot of working capital which is heavily geared towards Christmas sales. I do not have my notes to hand but I think they had no debts and were average cash positive last year. IG have paid down debt consistently over 10 years using the same average debt calculation in every annual report.

[wall street trader] 18/3/2022 14:23

Think this is finally waking up have taken a sizeable spreadbet with a guaranteed stop out for a quick rerating

[netcurtains] 18/3/2022 14:06

Be interesting if it finishes blue today.
Its a long way to go to get back to £1.00

[value viper] 18/3/2022 12:57

What's their debt number ?

[kooba] 18/3/2022 12:48

From January 22..there is obviously seasonal variation in working capital requirement around stock. However the cash the most up to date cash position.As at 31 December 2021 the Group was in a net cash position reflecting normal working capital reduction following the seasonal peak. Further to the guidance provided above, the current expected year end net cash position is forecast to be around $40 million.

[value viper] 18/3/2022 09:44

Over £40 million net debt at end of September last year - material so gross debt obviously a bigger numberOutlook already flagged by the company to be bad into next year New ceo yet to be appointed - certainly will come in at low base that's for sure - wonder who would want this job ??Thinking company is gonna need more money - seems market suspects same

[value viper] 18/3/2022 09:40

What's the debt position ?Haven't looked in detail but discounted fund raise anxieties perhaps ?Fineman's departure poetic PainfulAnd sold ALL his shares at the top

[blackhorse23] 18/3/2022 04:09

I have deep looked at this company and yes it's a best company to buy at LSE atm. I have more funds coming next week & willing to buy another 100k worth shares .. hope price stay at this level lol

[blackhorse23] 18/3/2022 04:05

I am keep buying & holding ... opportunity always good , I bet it will end up 550p shares over the summer ... good profitable company

[justiceforthemany] 17/3/2022 22:26

SP 550p as recently as September
SP now 67p
The market is pricing this company as if it is going bust.
That drop is staggering.
I can confirm this company is NOT in a closed period.

[darrin1471] 17/3/2022 18:54

I disagree about the US acquisition of CSS. IG have been in the US for many years. IG can use their proven design skills in revamping the CSS range. That is not to say IG will not write down the value of some skeletons found in the stockroom.
US costs incurred due to keeping customers happy through shipping delays is a good investment for the future. Problems in the US may not have been limited to CSS as Gideon Schlessinger has been replaced.
Directors may not be allowed or want to buy if they are being updated on the US review.
It is not a month since the CEO left. FD should have been replaced by now.
Stores need product. Every supplier will be affected by inflation. Consumers may spend less and stores buy less but a company planning to increase turnover through an improved and expanding product range should still be able to take a bigger slice of a smaller pie.
Avon Protection bought a body armour product that did not work. We will find out what IG bought after the review. Both were on high p/e's as investors thought they were buying into growth businesses.
IG may report a loss before margins and profits return.

[justiceforthemany] 17/3/2022 18:01

There are more directors than just the CEO and CFO....why have they not been replaced yet? The US acquisition was clearly a mistake - similar to what Avon Protection did. Inflation has got worse so I fully expect rather than break even the company is loss making. So again even at a 90% discount to the high of 600p hit last summer why are no institutions or directors buying? Has anyone called the house broker Canaccord?

[netcurtains] 17/3/2022 16:43

good finish (no pull back)

[darrin1471] 17/3/2022 16:05

Directors are not buying because they are leaving. CEO and FD.
Lets wait for the new appointments, options and for the review of the US purchase.
Also think the shareholder profile will change from growth portfolio to recovery portfolio. Growth are going to sell sending the price down and recovery are going wait until they know the appointments and the review.

[justiceforthemany] 17/3/2022 15:49

blackhorse just be careful to only put in what you can afford to lose. Although the balance sheet and NAV suggest this share price is ridiculous those in the know/hedge funds are usually privy to inside knowledge and have clearly been selling to trash this share price to decade lows. Again why are the Directors not buying? (I have small holding here)