Ig Design Share Discussion Threads

[s34icknote] 17/5/2024 08:09

I think the key to the valuation is taking the cash out if the equation , then it is really cheap !

[wad collector] 16/5/2024 16:50

Great to see it poking its head back over £2. Shame I paid a fiver for them!

[lord gnome] 16/5/2024 16:50

That would be nice.

[aishah] 16/5/2024 16:01

@marketgem
#IGR IG Design Rated New Buy at Liberum; PT 345 pence

[deanowls] 16/5/2024 15:35

Take the cash out and it’s better than that.

[aishah] 16/5/2024 14:31

Indeed 200p+ trades now, but still cheap imo at fcst p/e of 10.4 and a peg of 0.2 wih a psr of 0.29 at mkt cap of only £185m! Not far off 52wk high.

[hastings] 16/5/2024 13:59

Another nice leg up!

[lord gnome] 15/5/2024 20:09

Or follow the link in 1362.

[lord gnome] 15/5/2024 20:06

Deanowls - read post 1359.

[deanowls] 15/5/2024 18:25

Can anyone copy and paste as I can’t open the link?

[johnrxx99] 15/5/2024 16:41

wow, didn't think that would cause such a uptick

[s34icknote] 15/5/2024 16:24

Just when you thought it was going to drift lower !!!!!!!

[aishah] 15/5/2024 16:20

2025 fcst eps growth +90% and a peg of 0.2!
Probably big players accumulating imo.

[time 2 retire] 15/5/2024 16:15

John, tipped in the times, link above.

[johnrxx99] 15/5/2024 16:07

And what has caused this spike I wonder.

[h1a3] 15/5/2024 13:58

Hi Aishah,
Many thanks for archive version. Today is looking quite positive. Upwards here IGR go.

[aishah] 15/5/2024 11:32

Full Times piece here without susbcription -

[blackhorse23] 15/5/2024 11:06

BIG NEWS: Greencore Group (UK, 0386410) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap Index. All changes are effective from 16 May 2024. Full details of index changes available on the FTSE Russell website.

[johnrxx99] 15/5/2024 08:32

That's nice, thanks Mas. It's good to be back after the US balls up. Seems to have got its mojo back.

[masurenguy] 15/5/2024 08:23

IG Design Group

IG Design is an Aim-listed company that is a world-leading producer of greeting cards, wrapping paper, stationery and gift bags, with millions of customers. Its business model was wrecked by Covid. Most shops closed, parties were outlawed, paper and shipping costs soared and consumers went on strike. Last year, however, IG hired a new finance director and a new chief executive, Paul Bal, who was fresh from reviving Stock Spirits, one of Europe’s largest booze groups. He has applied basic housekeeping: cutting debt, simplifying the business, exiting lossmaking contracts and improving efficiency. Last month he announced estimated doubled profits for the year to March, at $26m. That sent the shares from 120p to nearly 180p. While that is impressive, it leaves a long way to go to the 798p pre-pandemic peak of January 2020. The company expects to restore profit margins to 4.5% by next March, though that would remain well below the pre-pandemic 7%. Analysts reckon a return to dividends is likely with the 2024-25 results.

Complete article:

[grantley] 15/5/2024 08:00

Tipped as a buy in The Times this morning.....

[hastings] 09/5/2024 11:23

Don't forget Europe, CEO believes that given the fragmented nature of that market, it's ripe for growth and it's an area they are now concentrated on.

[deanowls] 09/5/2024 04:26

About 20 million ebitda I reckon. Cash fluctuates across the year but they expect to continue in the improvements. The business seems to be a lot cleaner going forward and if they can start growth in the americas all to play for.

[s34icknote] 08/5/2024 22:36

Am I correct in saying 73p per share is cash ? 73 million ?Leaving 100 million market cap What's the full year eps ?

[hamhamham1] 08/5/2024 19:09

300p in a blink of an etye...