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This could be going to new recent highs over the next few weeks IMO with the half year results due out on Wednesday 2nd December
Hello V100, I agree, its still looking good here, soon as any sells go through they are mopped up almost straight away which will continue to drive the SP up.... £2 by year end would be great but i'm very happy with how things have panned out over the last 3 months so any more rises from here will be big bonuses for me.
Hi Howaboutthatthen, sp £2+ by Q4 Investors are sitting on pile$ of ca$h and looking for decent companies at bargain prices Oil on slide,more discretionary income Gervais Williams must be a Cardiff Bue$ man Top Up and UP and UP
A cracking start to July-well done Mr Williams...
"Too cheap to ignore" says Gervais Williams. http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/11708849/Share-tips-three-cheap-income-shares-I-am-buying.html
Latest Research by EDISON... file:///C:/Users/mike/Documents/Downloads/IGR240615outlook%20(1).pdf
Yes RNS
RNS!
Says Interactive Investor....... http://www.iii.co.uk/articles/247755/how-find-value-shares-are-about-fly
Hi Howaboutthatthen, ''June will be a $tormer It depends on I suppose on the level of profit taking eventually. Have IGR any listed competitors which is always a good gauge on the market they operate in? Doing a bit of groundwork and chatting with the shops staff,business is brisk Best of investing for June
Hello V100, A re-rating would just about top off a brilliant few months but i think the price has increased too much lately for us to get one of those, but we never know! I keep expecting this to level off or even fall back a bit but the sp keeps on going up and up. I'm looking forward very much to seeing what this month of June brings us....
Hi Howabouthatthen, Market is moving it nicely on the expectation of decent earnings. So far so fine On result day a good old fa$hioned rerating could easily be on the cards Roll on monday
The end of another brilliant week....
Hi Howaboutthatthen, Thanks for reply and all noted
I'd penciled in £1.50 for next summer V100 but agree we could get close to that this year now that IGR have said they're a year ahead of schedule. I've been retired for 2 years now but they were ok to work for-much better way back in the beginning before they started using a lot of agency workers but this was a must given the seasonal nature of the business. I'm hoping for a few more good weeks before the results and that magic £1.50.
Hi Howaboutthatthen, Thanks for reply Gervais Williams was with Gartmore for 17 yrs head of UK small caps and 2011 moved to Miton. Miton expects eps to grow a further 17% in the year to march 2016,they like companies with net cash or with low debt. They have commented on the higher capital expenditure of IGR over the last two yrs + BUT IGR are now moving into a period of cash payback Market is moving share price up as they are satisfied that this is a company with a growing turnover and improving margins. Tories back in-''get on your bike'' EU in recovery and the all important USA foothold in a massive market UK coming along nicely Going into July £1.50+ What are IGR like to work for? Will the wage$ reflect the companies progress? Do the company value their staff generally in the sense that there is no incen£ive to move on? QE in UK/and EU is a + for stocks.
Hello VIGILANT100 and welcome aboard, I cant help with the Cenkos forecast i'm afraid and the only other institutional interest i know of is by the Miton Group who already own over 20% of IGR which they acquired over the last year or two and are still actively buying via Gervais Williams's Miton Asset Management Fund. My own assessment of sp going forward is that we will continue to rise-I've been a share holder of IGR since about 2000 having worked for the company for 24 years and can remember when these were £4.87 a pop back in 2007 on a turnover off £195 million so give us a few more years of forward growth and debt reduction and i can see these surpassing these highs.... Next set of data out is the full year results on June 23rd (according to EDISON) so we should know a bit more then. Try the ADVFN board as a lot more gets discussed on there... Good luck
Hi howaboutthatthen, New to IGR. Company have structured the operation well so far Net debt to EBITDA a ratio of two,which investors like to see Cenkos Securities are the house borker any idea of their share forecast JP Morgan commented positively recently Any other institutuional interest? Your own assessment of sp going forward Next set of data could see sp rated upwards Small decent companies are now attractive so volumes could increase dramatically with sp going only one way fa$t £orth Thanks for your attention
That's the end of another very good week for IGR....
I told you these would soon start to come good didn't i? I hope you didn't sell up after we spoke the other week mate. More to come IMO M T
Well done Jolly, i think you first came in at the mid to high 40's so you made a nice profit. Good luck for the future mate.
that's me out
A nice bit of movement today-full year results only about 6 weeks away so we may have yet more to come IMO.
Trading Update International Greetings PLC, one of the world's leading designers, manufacturers, importers and distributors of gift packaging and greetings, stationery and creative play products, is pleased to announce a trading update in relation to the 12 months ended 31 March 2015. Highlights: -- Financial performance ahead of expectations, further enhancing earnings per share -- Significant reduction in leverage -- Target of ratio of year end net debt to EBITDA below two times achieved a year ahead of schedule -- Resumption of dividend payment The Group is pleased to confirm that progress made both during the final quarter and the year has been very encouraging resulting in the Group's financial performance for the year ended 31 March 2015 exceeding current market expectations. The combination of excellent overall operating performance, lower financial costs and an improved mix of tax rates across the Group's global portfolio, will significantly enhance earnings per share. The Group is also delighted to confirm that progress made on debt reduction has been significant, with substantial reductions in working capital achieved. Consequently, the Board's key target to bring the ratio of year end net debt to EBITDA below two times has now been comfortably achieved a year ahead of schedule. As a result of the above and as previously signalled, the Board is pleased to confirm that the Company will return to the dividend list and a final dividend will now be declared in respect of the year ended 31 March 2015. This year our UK and European businesses have delivered strong results; underpinned by yielding savings ahead of schedule as a result of the successful execution of our capital investment programme in the UK and excellent integration of our acquisition of Enper BV in Europe. Both these initiatives have helped compensate the challenging conditions faced by our joint venture in Australia. In the US, whilst top line growth remains strong, there is scope for margin and efficiency improvements. We also announce the appointment of Gideon Schlessinger as CEO of International Greetings USA, following the untimely death last year of his predecessor, Rich Eckman. Gideon brings a wealth of experience in developing businesses with both US and global retailers and will lead a team of enhanced capability in a key region for growth. The Group's businesses are engaged in trading with over 5,000 customers in more than 100,000 retail outlets across 80 countries, providing diverse revenue streams amid varying market conditions. Commenting on the year's performance, Paul Fineman, Group CEO said: "It is particularly pleasing to demonstrate an excellent outcome underpinned by fast pay back on investments recently made whilst having identified further opportunities to drive future progress in all regions."