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Onwards and upwards for IGR..... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11338761
Valuation: Remains undervalued International Greetings continues to be priced at a considerable discount (30%+) to the larger US-based concerns (American Greetings and CSS), which is no longer an accurate reflection of the comparative risk. With the continued reduction of debt, resumption of dividend payments is on the horizon, possibly in FY14, which will add to the recovery argument and emphasise the value in the shares.
IGR is now in the world of e retailing... IGUK has launched www.tesco-cards.com on behalf of Tesco Stores PLC. t 2 r
Seymour Pierce initiated coverage of International Greetings (IGR) with a "buy" recommendation and 80p target price. The broker notes that the wrapping paper manufacturer has recovered significant earnings since 2009, reporting a profit of 5.2 million pounds for 2011. Seymour believes that the company will be able to grow its pre-tax profits by 20% per annum over the next three years as it restructures its US business and develops in new markets such as Asia and South America.
Yes its a nice target - not so sure it can be met though Seymour Pierce initiates buy on International Greetings, target price 80p.
http://www.investegate.co.uk/Article.aspx?id=201201130700094961V
International Greetings, a gift wrap and stationery supplier, performed in line with management's expectations during the Christmas trading period and the third quarter. During the Christmas period the firm's annual gift wrap sales exceeded 2 billion feet for the first time. Paul Fineman, Chief Executive said: "Whilst it was a challenging trading environment for our customers, we are pleased to report the group experienced a strong Christmas trading period. "It was our most global Christmas, working with customers in over 80 countries, and we are pleased that we performed in line with expectations. We remain confident in our strategy and the full year outlook."
INTERACTIVE INVESTOR rate IGR as one of the top 10 shares for 2012... International Greetings For two years now, greetings card, gift wrap and Christmas cracker producer International Greetings's (IGR) mantra has been about increasing profit and paying back debt, exactly what I want to hear from companies that have erred. Its new chief executive is concentrating on the basics: reducing production costs, targeting major retailers and focusing on profitable products. For full article click http://www.iii.co.uk/articles/22961/10-top-shares-2012
Arden Partners issued a "buy" rating for International Greetings (IGR) with a 12-month trading range of 51p to 80p. The broker believes the firm is on course to deliver significant earnings growth over the next few years. Further to the restructuring of the group, profits are achieving significant leverage on the rationalised cost base and debt has been drastically reduced. Consequently, Arden believes the shares are considerably de-risked.
There is some hype in the last posting - but look at the overall debt that this company is holding... Restructing is all well and good in a strong market, but the consumer market is weak, people are not buying into surplus goods: Cards are now in decline - with the strength of the internet... Toy Story 3... thats a re-hash of Nos 1 & 2, so what is left is not a lot.. Hence a "static" share price, and little hope of improvement. I got out a while ago & have no inclination to buy-back in....
by Ben Jaglom Gift-wrap, stationery, crackers and cards maker International Greetings (IG) returned to profits in the year to March following a radical restructuring. Having lost £22.8m in the previous year, Paul Fineman, CEO, said IG needed to make some big changes. He told Growth Company Investor that he ‘wanted the company to retrieve profitability’ and so oversaw a number of restructuring initiatives that lead to a headcount reduction from 3000 to 2200 and involved the closure of its Latvian manufacturing operation. In the wake of this restructuring bout, IG made adjusted pre-tax profits of £3m on £200m (£216m) turnover last year, whilst disposing of a portfolio of unprofitable operations including costume firm Halloween Express and luxury wrap enterprise Glitter Wrap. Currently providing cards and stationery to major retailers and supermarkets including Tesco’s, Waitrose and Amazon.com, IG still has ambitious growth plans, having begun to supply 'value cards' to budget clothing retailer Primark and recently signed deals to make products to tie in with upcoming digital animation film Toy Story 3. Moreover, Fineman has identified growth potential aplenty for the group in emerging markets including Mexico, Chile and Brazil. For the current year, house broker Arden is forecasting 70% growth in pre-tax profits to £5.1m, as revenues rise by 5% to £210m. Investors should also look for an improvement in earnings from 3.4p to 6.4p, leaving the shares trading on just under ten times forecast earnings. We believe that despite falling, though still significant, debts of £49.9m, IG now represents a decent recovery punt, given the successful restructuring that has gone on. http://www.growthcompany.co.uk/recommendations/1269588/international-greetings.thtml
this company has done a massive internal restructure, has dealt with massive over stocks and now has orders to surpass previous years sales, I have said it before, target £1.00 this year a lot higher early part 2011, going places imo - dyor, I am still in
no interest in this one then on the lse board? no? no surprise there then as its not a jam tomorrow penny dreadful type everyone seems to crave. this will be £1.20 by april Worth spending an hour or so of ones time going over this one.