The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I missed that......excellent......I'm looking forward to that.......great company........flying under the radar.......
Yes Johnny, click on Rivaldos link below, it states year end trading update next week. June will issue results in full with the 11th showing up on the IG website.
Trading statement back in January indicated that results to March will be issued in June. Is there another Update due next week?
The drop over the last few weeks was well overdone IMO on very little trading so a rebound was always on the cards especially with next weeks year end update due, and those results will be cracking I reckon so I'm expecting a push near 5 quid this summer.
Hard to understand the strong share price increase this week. Any clues as to why?
Good to see �2.5m more in the bank following the sale of a surplus property: Https://www.investegate.co.uk/ig-design-group-plc--igr-/rns/sale-of-property/201804030700095318J/ Trading update will be out the week commencing 16th April.
From "This Is Money" SHARE PUNT OF THE WEEK: IG Design Group's products are sold in more than 200,000 stores in 80 countries Read more: http://www.thisismoney.co.uk/money/investing/article-5456039/SHARE-PUNT-WEEK-IG-Design.html#ixzz58eoQgq4U WHO IS IT? IG Design Group, formerly known as International Greetings, designs and makes gift packaging, cards, stationery and presents. The Bedfordshire-based firm sells its products in more than 200,000 stores in 80 countries. WHAT'S THE LATEST? Last month, IG bought Australian greeting card and paper product producer Biscay Greetings for �5.5million. Biscay has nearly 2,000 customers in Australia and New Zealand. IG chief executive Paul Fineman said the deal would double its market share in Australia. WHO BACKS IT? Fineman is the firm's fourth biggest shareholder, with nearly 4.5m shares. Fund managers Miton and Schroder are also among the top five shareholders. WHY YOU SHOULD INVEST: Last month, IG announced it was on track to grow its profits and revenue this year. Experts say its aggressive growth and acquisition strategy is stealing market share from rivals. German bank Berenberg has given the firm a 'Buy' rating. Russ Mould, of stockbroker AJ Bell, said: 'It is a terrifically well-run business and it is really starting to eat the cake of some of its rivals. 'It has made great progress selling to the discount supermarkets and there is potential for the dividend to grow, too.'
Nice - Berenberg have initiated coverage today with a Buy and a 500p target.... Http://investing.thisismoney.co.uk/broker-views/
from Progressive: Http://www.progressive-research.com/tearsheet/research/ig-design-plc/ig-design-group-its-a-wrap With the benefit of the US tax cuts they see almost 25p EPS for the year starting 1st April. Given that IGR have plenty of Balance Sheet headroom for the acquisitions they've already flagged I'd say IGR are still pretty good value for such a high quality business.
Agreed - loving this paragraph: "we are therefore pleased to upgrade the Group's full year performance with diluted earnings per share1 expected to be ahead of current market expectations and delivering strong year-on-year growth. We continue to see strong cash conversion across the Group and expect average leverage for FY18 to follow the progress made in recent years and be significantly below an average of two times." Plus the benefits of the Trump tax cuts. Plus all the strong growth initiatives being undertaken. Very happy to be invested in this ambitious and well-run company.
Upgrade to forecasts after another great trading report. http://uk.advfn.com/stock-market/london/ig-design-grp-IGR/share-news/IG-Design-Group-PLC-Trading-Update/76476358
http://www.fool.co.uk/investing/2017/11/28/two-secret-growth-stocks-that-could-still-make-you-brilliantly-rich/ IG Design Group (LSE: IGR) has been one of the London�s poorest performers in Tuesday business. Following the release of half-year numbers it was down 10% from Monday�s close but, as you will see, there was little in the statement to prompt such a sudden drop. Instead, today�s mild sell-off can be attributed to profit booking on the back of recent share price strength. IG Design�s market value swelled by almost a quarter in the month leading up to today�s results, with the firm hitting a record of 435p per share just yesterday. Today�s release suggests to me that the Bedfordshire-based firm should resume its upward charge sooner rather than later. Global superstar In a sign of further progress, chief executive commented today that it had enjoyed yet another �robust performance� in the six months to September, a period in which it saw �all regions trading profitably and growth being achieved both organically and through acquisition.� Revenues at IG Design � which designs and manufacturers gift packaging, greetings, stationery and a variety of other giftware � leapt 14% in the six months to �166.5m, with organic sales at constant currencies increasing 10% year-on-year. As a result, pre-tax profit at the firm ballooned 27% in the first half to �10.5m. Buoyed by this impressive performance, IG Design decided to light a fire under the interim dividend, hiking the payment by 14% to 2p per share. It�s little surprise to see IG Design striking such an upbeat tone as its broad catalogue of products fly off the shelves across all major territories. In the Americas and the UK, IG Design saw revenues climb by 18% and 4%, respectively, in the period to September, to $91.3 and �57.5m. And sales are likely to continue booming Stateside thanks to the shrewd acquisition of US-based rival Lang last year. As if this wasn�t enough, IG Design also continues to make impressive progress in its other international markets; in Continental Europe and Australia sales advanced 19% and 13%, respectively, in the first half. City analysts are expecting earnings at the business to rise 10% in the year to June 2018 � and follow this with a 14% advance in fiscal 2019. And I reckon that these impressive projections could be subject to meaty upgrades in the weeks and months ahead. With IG Design�s improving balance sheet also raising, the possibility of additional earnings-boosting M&A (net debt fell �6.2m during the first half to �70.2m), I reckon the business is a brilliant growth share worthy of a premium forward P/E ratio of 19.5 times.
http://www.iii.co.uk/articles/460481/8-top-shares-meet-jim-slaters-investment-rules?context=LSE:IGR
Tipped today by Questor in the Telegraph - some early buying and should bring more over today and the rest of the week: Http://www.telegraph.co.uk/investing/shares/questorworried-card-factory-hedge-bets-stake-ig-design/ "Questor: worried about Card Factory? Hedge your bets with a stake in IG Design By Russ Mould 3 October 2017 • 6:31am The share price plunge at Card Factory, one of this column’s regular tips (most recently in August), is discussed in greater detail below but while it seems that the fall is overdone, a stake in the rival firm IG Design could be a useful hedge to any position in the company. IG Design makes greetings cards and gift wrapping. It has invested heavily in new facilities in Britain, the Netherlands and China and seems to be making hay by producing good-quality products at low prices and selling them to the discount supermarkets and retailers. So IG Design could be one source of the pricing discomfort to which Card Factory has alluded. Over the past four years IG Design’s adjusted pre-tax profit has soared from £7m to £16.3m, earnings per share have more than doubled and a net debt position has been eliminated. Recent bolt-on deals have enhanced the company’s presence in America, which accounts... etc"
share punt of the week in the daily mail today. A positive bullish read.......... Buy Buy Buy. Christmas trading close and should be very strong this year.
From Simply Wallst... How is IG Design Group going to perform in the future? IGR is covered by 2 analysts who by consensus are expecting positive earnings, estimated to rise from current levels of £0.16 to £0.21next year. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 33.3% over the next 1-2 years. https://simplywall.st/news/2017/08/03/what-should-you-know-about-ig-design-group-plcs-aimigr-growth/
Another cracking set of results yet this board has been quiet since April. Perhaps there is something to be said for a quiet board meaning a sign of an under appreciated company.
Maybe more good news on the way soon.
https://www.thedesigngroup.com/main-news/ig-design-uk-awarded-gold-silver-efla-awards/
I G Design Group wins Gold... http://www.transformmagazine.net/articles/2017/transform-awards-europe-2017-winners-announced/
http://www.transformmagazine.net/awards/europe/the-shortlist/
Financial milestones -- Group revenues are now expected to achieve record levels - exceeding GBP300m; -- Profitability expected to be ahead of current market expectations; -- Cash generation is well ahead of previously expected levels and such that the Board's target of average annual leverage at less than 2.5x EBITDA will be achieved for the year ended 31 March 2017 - two years ahead of plan. "The Group's upgraded trading profit, coupled with lower interest costs from a strong cash flow, are expected to yield a profit after tax and earnings per share outcome for the full year that is also significantly ahead of market expectations."