Ig Design Share Discussion Threads

[blackhorse23] 17/4/2023 09:02

Bought GATC today

[blackhorse23] 11/4/2023 12:52

Switched to GNC

[darrin1471] 04/4/2023 15:39

300k+ went through at 196.5 yesterday and today and another 300k+ at 199.
We must expect sellers to crystallise their profits, so it is pleasing to see some strong buyers at these prices.

[deanowls] 31/3/2023 17:17

Could be automation kicking in

[time 2 retire] 31/3/2023 15:09

Saving some money I think, they're returning to 3 shift pattern from continentals so head count will reduce. I'm guessing it's down to reduction in orders tho.
Last day of this financial year today so expect we'll get an update soon.
UK is a tiny part of IG so not overly worried, I went through many periods of redundancies during my time there and we always came back stronger.

[darrin1471] 31/3/2023 14:49

t2r. General efficiencies, movement of production or something else?

[time 2 retire] 31/3/2023 14:27

Not much news really, looking at redundancies in Wales totalling 31

[darrin1471] 30/3/2023 16:58

You tease.

[time 2 retire] 30/3/2023 16:24

Big announcement in IGR UK tomorrow, I'll let you all know.

[wall street trader] 28/3/2023 17:43

am very happy with my purchase last year

[rcawthra007] 24/3/2023 09:18

I see you've left Curry's message board after their price tanked. Please do not come back on here with your failed aura.

[blackhorse23] 24/3/2023 08:12

Bought GNC today , share price will be reversing ON both stocks

[darrin1471] 15/3/2023 14:23

Not overly concerned by todays fall.
Volume seller at 182.5 on 08/03, 184 yesterday and again today. Looks like somebody is taking profits into the rise and somebody is happy to buy. Trades below 184p today are small.
I am now hoping for 225p by the end of the month.

[rcawthra007] 15/3/2023 12:31

I'm in these until 2027 (I'll be 55) so hopefully in recovered environment.

[montynj] 15/3/2023 12:19

The chart is extended and could easily pullback to 160p in this bearish stockmarket

[rcawthra007] 15/3/2023 12:15

Oh FFS :-(

[time 2 retire] 14/3/2023 12:38

7th attempt at £1.88/£1.90-Will the elastic snap this time?
Looks like someone mopped up another circa 1.5 million + yesterday and today so awaiting another RNS.

[time 2 retire] 08/3/2023 14:18

Finally breaking out of the £1.80—£1.88 range.
Hopefully break £2 soon.
Edit, I guess not ffs

[deanowls] 02/3/2023 18:20

They’re just getting on with the job in hand. Let them crack on.

[time 2 retire] 02/3/2023 16:36

That was a disappointing day, touched a new year high this AM before dropping back.
The lack of RNS from this company is deafening!
The BOD need a kick up the backside.

[darrin1471] 01/3/2023 16:27

500k went through @ 177p today.
Looking like we may see 200p this month if the wider markets remain favourable.

[eaglefan1] 24/2/2023 15:20

IG Design recovery share recommendation in IC this week. Onwards towards £3 this year methinks.

[darrin1471] 20/2/2023 14:22

T2R. I think the motley fool write up is very poor and lazy.
IGR problems were not cyclical.
Shares up 220% from year lows is more relevant than up 40% over 12 months.
No mention that the H1 sales increase was due to customers placing Christmas orders early.
I agree that debt is not an issue beyond the cost of funding the seasonal debt which takes money from the profits when margins are already small.

[jeff h] 20/2/2023 10:56

River & Mercantile’s Ensor adds IG Design to trust

River & Mercantile manager George Ensor has taken a position in IG Design Group (IGR) as a ‘recovery’ play.

Ensor added the designer and manufacturer of party products to his £63m R&M UK Micro Cap (RMMC) investment trust in January, noting it was purchased as a ‘recovery investment case’ in a fund update.

‘The company manages celebrations products – wrapping paper, Christmas crackers, etc – on behalf of some of the largest retailers in the world,’ he said.

‘Increasing freight rates destroyed profitability which is now being rebuilt under a new management team.’

However, Ensor said that sentiment towards UK stocks remains ‘depressed despite the ‘bounce from market lows’ at the beginning of the year.

‘It will take time for risk sentiment to return and capital markets to reopen,’ he said. ‘These are cyclical facets of the small and micro-cap universe. While the recovery is unlikely to be linear and further downside to earnings expectations is probable, the medium-term opportunity for shareholder valuation creation is extremely attractive.’

[time 2 retire] 18/2/2023 16:30

A fairly good write up by Kevin Godbold in the motley fool.

1 cheap share I’d buy now in my Stocks and Shares ISA.
There are many cheap shares around now because of recent geopolitical and economic events. And last year’s weak stock market created several attractive-looking investment opportunities for my Stocks and Shares ISA.

One I’m keen on is IG Design (LSE: IGR). The company describes itself as a “leading”; manufacturer of gift packaging and products for celebrations, gifting, stationery and creative play.
In the trading year to March 2022, around 69% of revenue came from the Americas and 12% from the UK. The remaining turnover came from other countries in the world. So IG Design has a well-developed international business with an emphasis on America.

But as we might expect, operations have a lot of cyclicality. And that’s caused problems along with the well-reported general supply chain difficulties.

I last wrote about the firm in November 2019. Back then, the business was riding high and growing like mad. And I reported the share price at 639p. But today, it’s in the ballpark of 153p. So what went wrong?
The answer to that question is earnings. The pandemic and the other economic challenges caused the firm’s profits to drop away. And the share price plunged as well. Since its peak in January 2020, the stock is now around 78% lower. Therefore, it’s cheap in that sense.

But the business is turning itself around. And the shares have been responding well. For example, over the past year, the stock has risen by just over 40%. But the enterprise has the potential to perform well in the coming years and to rebuild its earnings.
The business is turning
Last November’s half-year results were encouraging. Revenue for the six months to 30 September increased 8% year on year. And there was “improved profits and margin recovery”. The directors said they expected the full-year results to be “ahead of expectations”.

City analysts have pencilled in a big earnings recovery of around 580% for the trading year to March 2024. But even if that happens, earnings will still only be around a quarter of those achieved in the year to March 2019.

Meanwhile, the forward-looking earnings multiple set against that estimate is around 15. And that valuation strikes me as fair rather than cheap. However, if IGR can rebuild its earnings to somewhere near prior levels, the valuation today could prove to be cheap. But positive outcomes aren’t guaranteed. So I’d suggest this stock is not for widows and orphans, despite the potential of the business to recover and grow.

But new chief executive Paul Bal is due to take up his position on 1 April. And he’s been the chief financial officer (CFO) since March 2022. But prior to that he served as CFO at Stock Spirits where he “was instrumental in the turnaround of the then LSE-listed group”.

However, even with a refreshed management team in place, positive outcomes are not certain. And one thing for investors to keep an eye on is the big load of debt carried by the company.
Nevertheless, I’m optimistic about the multiyear prospects for IG Design. And although I already hold some of the shares, I’m thinking about adding more to my Stocks and Shares ISA.

Gets my goat when it mentions company debt, if these journos did a bit of research they'd see that it's seasonal debt, IGR always borrow heavily for the Xmas orders but are always cash positive at this time of year...