Ig Design Share Discussion Threads

[hamhamham1] 04/7/2022 09:05

A daily close of 94p or above this week would be ideal, we already passed through that intraday.

[hamhamham1] 04/7/2022 09:03

Risky business if you overload into a single stock IMO, there are no get rich quick stocks, but there are get poor slowly stocks.

[blackhorse23] 04/7/2022 08:53

Moving some investment to MCB , I think wise decisions

[hamhamham1] 04/7/2022 08:48

I could sell at 94.2p and buy at 96.4p a minute ago.

[hamhamham1] 04/7/2022 08:23

The 3 resistance levels, which will hopefully then turn into support levels.

87.4p - Check!
94p - Hopefully today!
113p - In a week or so?

hamhamham1 - 29 Jun 2022 - 11:34:41 - 656 of 670 Christmas Crackers (more technical info and new) - IGR
87.4p, 94p and 113p recent daily closes which will provide a bit of resistance, else clear above that to 200p+

[hamhamham1] 02/7/2022 09:44

Nice write up (on the whole), roll on 500p+ again, some day.

[time 2 retire] 02/7/2022 08:05

5 AIM Shares For Recovery From Interactive Investor.

I thought that this year gift wrap, gifting and stationery products supplier IG Design Group
IGR would start to recover but things have got worse, and the recovery is delayed. Good service levels mean that demand for the products is still there, but the cost base needs to be attended to. A new chief executive will be appointed and there is the promise of an update on strategy with the interims later this year.

Full-year revenues increased from $873.2 million to $965.1 million, but an underlying pre-tax profit of $32.8 million was turned into a loss of $1.3 million. Higher freight and supply chain costs hit the business. Net cash was $30.2 million at the end of March 2022, although there are points in the year when there are substantial borrowings. The bank facility has been extended to March 2024.

The American business slumped into loss, while the international business continued to be profitable. A new management team is being sought for the American operations and it will need to reduce costs and improve margins. Craft sales were flat.

A modest rise in revenues is forecast for this year. IG Design could still be loss-making, although it is expected to generate cash.

The share price rose after the annual results. Directors have acquired shares at prices between 70p and 83p since the results release on 28 June. That has helped the price recover from its low, but it is still well down on the year. The business will recover because the customers are highly supportive – the order book is already 71% of this year’s budgeted revenues - and margins can move towards former levels, but it will take time. The forecasts appear to be set at a level where there should be no more significant negative surprises. Buy for recovery.

[hamhamham1] 01/7/2022 14:14

Nice 300k shares buy gone through at 89p.

[hamhamham1] 01/7/2022 10:24

Ok fair enough :)
But I don't see the multiple hugely diff between IGR and MCB, IGR 8x to highs, 10-12x to highs.
So for me, its about the chance of getting back to say 60% of the highs, i see IGR a better bet, but i do have a few MCB as well, but a smaller punt.

[blackhorse23] 01/7/2022 10:15

I will buy back again once drop to my price target ?

[blackhorse23] 01/7/2022 10:11

Mate I sold some with profit & bought MCB because of high potential but still holding some IGR , I am looking for return on investment which I think MCB have opportunity because sellers dropping and company in low mcap

[hamhamham1] 01/7/2022 10:00

BH23, you said you sold here a while ago and put it into MCB?

[blackhorse23] 01/7/2022 09:17

I buy when no one buying ? , my most of buying around 50p areas so well up. Same MCB I am collecting now for better time , I believe it will do very well & better returns, yesterday when market down I bought multiple stocks & all doing good today lol

[bwana4] 01/7/2022 08:26

LOL,Blackhrse23 marked your post down Darrin. Sour grapes perhaps.
GLA nice recovery play. I am having a free ride as I bought when it was low and sold my investment and held the free ones.
Ham you bought at the right time. GL to you.
ATB.

[darrin1471] 30/6/2022 19:52

adds up to just over annual ISA limit.

More interested in Giles Willits purchase as it looks a big vote of confidence buying £96,898 on the day you leave the company?

[time 2 retire] 30/6/2022 17:46

Darren, anders buys 25k at around 80p mark equals £20k, another isa wrap maybe.

[darrin1471] 30/6/2022 17:25

So founder adds another 25,000 to the 75,000 on Monday. Now holds nearly 23m. Not a significant purchase.

ODD ONE
Giles Willits ex FD on his last day as an executive director before leaving, buys 119,626 at 81p using long term incentive plans options. Is there some tax advantage buying this way?

[time 2 retire] 30/6/2022 16:33

A nice close after the owner bought a few more.

[hamhamham1] 29/6/2022 11:34

87.4p, 94p and 113p recent daily closes which will provide a bit of resistance, else clear above that to 200p+

[darrin1471] 29/6/2022 10:21

Disappointed by level of director share buying.
Lance Burn has been a director for 10 years spends less than a months salary to use his ISA allowance. He has no other holding or interest after banking over £1m @ £5.80 in November 2020
No doubt the new share incentive scheme will reward the directors risk free.

[hamhamham1] 29/6/2022 09:06

9 months ago, these were 550p.

[hamhamham1] 29/6/2022 08:55

85p, maybe 3 figures by end of week, GLA.

[hamhamham1] 29/6/2022 07:56

Markets risk off day though

[hamhamham1] 29/6/2022 07:25

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.

[wall street trader] 29/6/2022 07:22

Directors filling their boots - I'm adding more of this falls back this week