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difficult to calculate average debt & there is high profit attributable to minority ...on adj p/e, seems reasonable (but not cheap given £84m net debt) at 7-10 ...no advice intended
EV/EBIT in middle of reasonable 7-10 range according to my calcs (pls do your own analysis) ...so Jolly happy to ride ...no advice intended
Ticking up nicely before next weeks results.
Five high-growth stocks the market has overlooked Three top-performing fund managers tip five stocks that retail investors may wish to consider buying before the rest of the market wakes up to their potential. One way of generating better returns in your portfolio is to find high-quality companies that have been largely overlooked by the market. Gervais Williams, manager of the CF Miton UK Multi Cap Income fund, says that retail investors often miss out because they tend to follow the crowd and only buy equities that already have a good deal of momentum behind them. "There can be some great companies out there, but they don’t have momentum behind them, so they can be overlooked," he said. In the next in our series of articles on how to become a better investor, we ask leading fund managers which stocks they are backing that have largely gone unnoticed by the rest of the market. International Greetings Group Williams’ first pick is the FTSE AIM-listed International Greetings Group. It is a business that designs, manufactures, imports and distributes gift packaging, stationery and creative play products. "One company that comes to mind is International Greetings. It is an excellent company and though it does have a bit of debt, it is trading on just five times earnings," he said. "They make things like wrapping paper, but it focuses on the value end of the market. They also make Tom Smith Crackers, which is a great business as we all buy crackers at Christmas." "International Greetings is big in the UK, but it is also big in Europe and is growing in the US," Williams added. Shares in International Greetings have been on a largely downward trend over the past three years. However, Williams says this means it is a great time to buy the stock. "Its share price fell as a result of one of its Australian subsidiaries going into receivership through no fault of its own," he explained. "The effect of that meant the whole group was downgraded and that is why it is disgustingly cheap. The company is also seeing good growth again, which is encouraging." It is Williams' largest holding in his CF Miton UK Smaller Companies fund, making up 6 per cent of his £10m portfolio. Elite Webb Capital Smaller Companies Income & Growth is the only other fund in the IMA universe to count it as a top-10 holding. hxxp://www.trustnet.com/News/466140/five-high-growth-stocks-the-market-has-overlooked/
Transformers Beast Hunters range to launch in-store from Copywrite Designs A range of Transformers Beast Hunters back to school items are set to hit shelves in Tesco this month. Copywrite Designs – part of the International Greetings group of companies – will launch its branded Transformers stationery in 352 Tesco outlets in July/August. There are ten lines including popular products such as filled pencil cases, deluxe stationery sets and poster art sets. Hasbro provided Copywrite with comprehensive style guides for the range, including CGI images of the robotic characters, while the firm also played a key part in winning the space in the lucrative back to school aisle in the supermarket chain. With Transformers 4 hitting cinemas in July 2014, the exposure in Tesco will help momentum continue to build and keep the brand high in consumers’ minds. In addition, Bluesky Studios is also launching a collection of Furby school stationery and activity essentials in time for the back to school period. Taking inspiration from the toy’s expressions, characteristics and colours, the line includes a mix of plush pencil cases, stationery sets, notebooks, colouring pencils, sticker packs and novelty erasers. “Back to school is a big focus for Hasbro this year and we are excited to be working with stationery partners such as Copywrite Designs and Bluesky Studios,” said Caroline Adams, Hasbro’s category manager for hardlines. “We have some fantastic new launches this year with Furby and Transformers stationery.”
International Greetings (IGR) Director name: Mr John S. Charlton Amount purchased: 595,000 @ 30.00p Value: £178,500
International Greetings PLC (the "Company") Director's Dealings The Company received notification on 5(th) July 2013 that John Charlton, Chairman of the Company, purchased 595,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a purchase price of 30 pence per Ordinary Share on 5(th) July 2013. Following this transaction, Mr Charlton has a beneficial interest in 620,000 Ordinary Shares, representing approximately 1.1% of the Company's issued Ordinary Share capital. The Company also received a further notification on 5(th) July 2013 that Anthony Lawrinson, Group CFO of the Company, purchased 25,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a purchase price of 30 pence per Ordinary Share on 5(th) July 2013. Following this transaction, Mr Lawrinson has a beneficial interest in 60,000 Ordinary Shares, representing approximately 0.1% of the Company's issued Ordinary Share capital.
lol
Yepp, cleared at last now maybe we can get some decent value back into IGR
...overhang cleared?...or...gulp..
battle at 30p today it seems
...so maybe Jolly hasty with my opinion!! .."The markets in which we operate throughout the world continue to be very competitive and challenging. In this respect, we shall continue to look at ways to reduce costs and unnecessary expense, whilst doing all that we can to increase revenues." ...so I'll wait & see...reliance on wc sometimes tricky (as PIs found this week lol)
p/e v low c3-4 times but that reflects av indebtedness of c£50-70m so EV is c70-90m and EV/EBIT is c7-8 times which isn't amazing imv (below 7) but ok management aligned and committed to growth.. markets stable it seems dyor/aaoo/gl
An important dynamic to margin is also the level of FOB business delivered directly to major customers to ports in China. This increased by half during the year. This typically attracts lower gross margins but also avoids other costs and risks associated with domestic delivery and tends to slightly enhance net margins and returns on capital.
Paul Fineman, CEO commented: "We are pleased to report another year of progress in which our manufacturing businesses continued to produce record volumes of product and importantly we achieved our key objective of double digit earnings per share growth. "It was a pivotal year in the Group's development as we commenced a compelling programme of investment in manufacturing in the USA and the UK having completed a major factory relocation in China and significant investments in Europe and Australia. We have secured increased funding on improved terms to facilitate this. "Our new three year plan is on track to delivery double digit cumulative average growth in earnings per share, whilst remaining committed to debt reduction and leverage below two times debt/EBITDA. We have identified new opportunities for incremental growth and shall continue to deploy our resources and energy in accelerating and enhancing this process."
for the year ended 31 March 2013 International Greetings PLC ('International Greetings' or 'the Group'), one of the world's leading designers, innovators and manufacturers of gift packaging and greetings, stationery and creative play products, announces its audited Preliminary Results for the year ended 31 March 2013. Financial Highlights: · Revenue from continued operations increased by 2% to £225.2 million · Operating profit after exceptional items up 34% to £9.1 million (2012: £6.8 million) · Profit after tax and exceptional items up £2.7 million to £4.1 million (2012: £1.4 million) · Fully diluted earnings per share before exceptional items increased 16% to 7.8 pence (2012: 6.7 pence) · Net debt up just £0.2 million to £42.1 million (2012: £41.9 million) despite the effect of exchange rates (£0.6 million) and the investment in working capital to fund new everyday contracts and low season manufacturing opportunities Operational Highlights: · Continued double digit growth in sales and profits in USA · Completion of China factory relocation · Gift packaging and greetings product sales exceed £150 million · Major £6 million gift wrap capital investment project commenced in the UK · Pressure on margins fully mitigated through effective cost control Paul Fineman, CEO commented: "We are pleased to report another year of progress in which our manufacturing businesses continued to produce record volumes of product and importantly we achieved our key objective of double digit earnings per share growth. "It was a pivotal year in the Group's development as we commenced a compelling programme of investment in manufacturing in the USA and the UK having completed a major factory relocation in China and significant investments in Europe and Australia. We have secured increased funding on improved terms to facilitate this. "Our new three year plan is on track to delivery double digit cumulative average growth in earnings per share, whilst remaining committed to debt reduction and leverage below two times debt/EBITDA. We have identified new opportunities for incremental growth and shall continue to deploy our resources and energy in accelerating and enhancing this process."
Oh, No problem! Well this has recently come onto my radar and at this SP it looks attractive. The charts are still a little iffy! So i am still on the sidelines. I reckon its back to 60+P within a year! Nice to see some in the company posting. Definitely good when asking questions/research. The news from the BoD recently has looked positive. Whats the situation on the debt though? I'm still a little worried as i never like getting tangled in companies with heavy debt!
I'm just keeping the faith IMMer, i've worked for IGR for 24 years, both through the good times and the bad and have been buying and holding since Dec 2007(the bad times). We've turned a big corner and honestly believe after all the restructuring thats been undertaken that the good times will eventually return.
PE is Price/Earning Ratio, Tradionally a low PE is considered "good", In terms of finding a bargain amongst other things i look for a PE under 10. Out of Interest how did you determine this to be a good investment? Given you don't know what PE is and i'm assuming you may/may no have looked at the balance sheet!
IGR Full Year End results due out on July 3rd....3 weeks today.
Guys, my apologies for my ignorance but is a pe of 120 good or bad?
should have posted on the "UTRS" thread aswell! got a few other i'm looking at and will mention them soon aswell.
Yeah i do now! posted about this on riddlers technicals instead, mainly because i think technicals could be key here for a good entry.
U do know we got a gc page for 'under the radar stocks'??!!!!!