The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Anyone know when Alfa results are next due?
Can't find any info anywhere!
Many thanks
This is a better link...
https://www.igdesigngroup.uk/2019/05/28/paper-twist-carrier-bags-from-design-group-uk/
In a an analyst report published on Tuesday morning, professional analysts at Canaccord Genuity initiated coverage on shares of Ig Design Group (LON:IGR). The firm set a “Buy” rating with GBX 800.00, giving 35.14% to target.
All wrapped up
This is the most wonderful time of year for greetings card and gift wrapping company IG Design Group (LSE: IGR). This AIM-listed £450m company has a large global reach, with operations in the Americas, Europe and Australia. Its products now retail in more than 200,000 stores across 80 countries and it is expanding through acquisition.
It has also been one of the most exciting stocks of the last five years, up an incredible 850% over that time, yet hasn’t attracted the investor excitement you might expect given its soaraway growth. I wrote about this small-cap 12-bagger earlier this year, noting that it has even managed to defy the retail slowdown affecting bricks and mortar retailers on the stricken UK high street.
Christmas on the cards
The group recently announced a reported 23% rise in revenue to £205m, driven by organic growth of 4% and the acquisition of Impact Innovations Inc in the US, while underlying profit before tax jumped an impressive 76% to £18.5m.
Unsurprisingly it isn’t cheap, currently trading at 21.6 times forward earnings, but it isn’t that expensive given such strong growth, with earnings forecast to rise 13% and 17% over the next two years. You even get a small yield, currently a forecast 1.5%, with cover of 1.3x, but this stock is all about the growth. I’m hoping IG will shine at Christmas, and for years to come.
Nice write up again in this months Sharewatch.
Wow, was not expecting that Rivaldo, I know IG are always on the look out for acquisition but not for this huge amount. 😀
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
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.
MM's trying hard to keep this price down, bloody crooks. Almost all buys coming in before Mondays results
Getting very close to the all time high now...
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
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.
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.
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.'