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Nice....
Https://citywire.co.uk/funds-insider/news/the-expert-view-vodafone-experian-and-bandm/a1175440?ref=citywire-money-latest-news-list#i=5
"The Share Centre adds IG Design to ‘buy’ list
The Share Centre has added IG Design (IGR) to its ‘buy’ list as the celebration stationery distributor is set for further growth.
Analyst Ian Forrest added IG Design to his ‘buy’ list as ‘the company looks set for further growth and has increased its production capacity with a new printing press in the Netherlands’.
‘A strong balance sheet and progressive dividend policy are further attractions for investors,’ he said.
‘We recommend the shares as a "buy" for higher risk investors seeking growth due to the company’s good track record of expansion, broad reach across many countries with further potential thanks to its wide range of products and recent US acquisition.’"
Says it all :)
600 plus here we come
Is my target although 800p looks possible.
This is a great company......continuing to outperform......no mega headlines.......just solid performance.....in all areas.
Well done guys.....LTH
https://www.investegate.co.uk/ig-design-group-plc--igr-/rns/trading-update/201810160700081171E/
Terrific update - especially the increase in margins. The outlook says it all:
""We are delighted with a very strong performance during the first half of the year and with good forward visibility of our order book we have strong momentum going into the second half of the year. We look forward to a full year of record revenues and profits.
We are especially encouraged with the strong performance of Impact and have 'hit the ground running' with progress already made to deliver operational and commercial synergies."
Nice write up again in this months Sharewatch.
SCSW updated on IGR last weekend. Amongst other comments:
- Impact is a "superb looking acquisition"
- With Walmart as a "key customer", this creates "the world's largest consumer gift packaging business"
- "significantly earnings enhancing"
It concludes "I think the shares are going way higher. I think £8. Keep buying."
Enough said.....
It's not too long until the new financial year starting next April. With 31.4p EPS now forecast by Cenkos (and Progressive now going for 31.5p EPS) it's certainly possible to see a share price anywhere between 620p-700p fairly soon. Here's Cenkos' conclusion today:
"IG Design has announced the conditional acquisition of Impact Innovations Inc, in the USA funded by the first tranche of a two part £50.0m placing. A successful acquisition of Impact is expected to make IG Design the largest consumer Gift Packaging business in the world, doubling IG Design’s US revenue. IG Design intends to buy 100% of Impact on a debt-free/cash-free basis for £56.5m, on a EV/EBITDA of 4.9x. We upgrade our forecasts, with our FY20E adjusted EPS increasing 15% to 31.4p. Buy."
Wow, was not expecting that Rivaldo, I know IG are always on the look out for acquisition but not for this huge amount. 😀
Looks terrific....
- "significant earnings-accretion"
- placing at 510p, i.e at almost no discount
- "significantly oversubscribed" by both new and existing institutional shareholders
- newco has terrific relationship with Walmart
- loads of synergies, complementary customer base etc etc
- plus current trading looks good: "strong" is a very pleasant word :o))
Great stuff:
<a href='Https://www.investegate.co.uk/ig-design-group-plc--igr-/rns/acquisition-of-impact-innovations--inc----placing/201808280700109474Y/' target='window'>Https://www.investegate.co.uk/ig-design-group-plc--igr-/rns/acquisition-of-impact-innovations--inc----placing/201808280700109474Y/</a>
New displays in all Poundland stores... https://www.pgbuzz.net/ig-design-overhauls-poundland-card-range/
IG Design : Design Group Americas Named One Of The Fastest Growing Businesses in Georgia...
http://www.4-traders.com/IG-DESIGN-GROUP-PLC-4002042/news/IG-Design-Design-Group-Americas-Named-One-Of-The-Fastest-Growing-Businesses-in-Georgia-26950777/
A mention in Saturdays SCSW probably responsible for todays new highs
Nice :o))
https://www.pgbuzz.net/ig-design-group-sold-220-million-cards-in-the-last-year/ IG Design Group Sold 220 Million Cards In The Last Year. For the first time ever we sold over 220 million greeting cards in the last year,” a delighted Paul Fineman, ceo of IG Design Group revealed to PG Buzz yesterday (June 11) having just announced the group’s buoyant annual results, which covered the 12 months to 31 March 2018. He confirmed that its greeting card sales are continuing to grow and now account for 11% of the group’s £327.5 million global turnover. Pre-tax profit was up by an impressive 51% to £19.7 million. The group now claims to be the third largest card and gift packaging player in the world – generating retail sales of an estimated £15 billion. Expanding from its historic business of supplying grocers with own brand Christmas cards, giftwrappings and crackers the company’s strategy to shift emphasis away from such strong seasonality into everyday has provided successful as has the broadening of its retail customer base. In the last year, only 51% of its sales were for Christmas products with sales of everyday and other seasons products almost on a par. Sales of its single greeting cards soared by 25% in the last year while the volume of giftwrap it sells grew by 9%. In the last year it sold 100 million single cards alone and over 1 billion metres of giftwrap having become a major supplier to the value retail varietal chains for greeting cards and other paper products. It has been well placed to benefit from the global growth of both Aldi and Lidl, with IG’s sales with these two of the world’s largest discount retailers having grown by an “average of 95%” over the last year. Paul told PG Buzz that its Celebrations business (into which greeting cards fall), which represents 74% of the company’s sales remains “a key area of growth” with the coming year likely to see a further shift into everyday sales and minor occasions. Partyware represented 5.5% of sales in the last year while licensed merchandise across all products accounted for 13% of total sales. The group’s acquisition of Australian greeting card company Biscay Greetings and US-based Langs have now been fully integrated. The latter has enabled IGD to grow its calendar business, which saw some 15 million units being sold in the last year, up by 20% on the previous year. IG Design Group sells products to 10,000 customers, who collective account for 200,000 stores in 80 different countries.
Good results and a confident outlook. Excellent stuff: "With a strong order book in place and a positive start to the new financial year, we are excited about the opportunities to deliver further growth in 2018/19." Great to see forecast upgrades from Progressive Research too. With more acquisitions likely to follow the apparently already successful Biscay purchase, we should see further upgrades during the course of the year. Here's a direct link to their new note: Https://www.progressive-research.com/wp-content/uploads/2018/06/IGR-20180611.pdf
MM's trying hard to keep this price down, bloody crooks. Almost all buys coming in before Mondays results
For the record, SCSW updated briefly on IGR as follows in its May issue 9 days ago: "IG Design (Sharewatch) IG�s update confirmed that H2 trading saw an acceleration over H1. Full year sales and profit are expected to be in line with estimates at +5% to �326m and +24% to �21m, respectively. Eps forecast is 21.4p. A continued evolution in IG�s sales mix towards higher margin product categories (eg. single greetings cards) together with a record level of capex/manufacturing synergies and commercial synergies has aided margin expansion. Having sold a surplus site during H2, it has moved to net cash and further acquisitions continue to be sought. Berenberg�s forecast is eps of 23.2p for the current year to end March �19 and 24.9p next year. As an example, the broker notes that if IG were to deploy �33m firepower on M&A at 6x EBITDA, next year�s eps would rise by 14%, relative to its base-case. Await results on 11 June."
Getting very close to the all time high now...
Correct - all time high in Sept 2005 GLA
Not quite Johnny, I can remember these being £4.86 but we'll get the new high pretty soon IMO, IGR is going from strength to strength
A highly successful company operating under the radar - now at an all time high......
from Progressive Equity Research FYI: Http://www.progressive-research.com/tearsheet/research/ig-design-plc/ig-design-group-in-the-bag The share price is at new highs, and should continue to steadily advance imo.