International Greetings Live Discussion

Live Discuss Polls Ratings Documents
Page

piw 28 Nov 2017

Video: IGR H1 overview IG Design Group (IGR) H1 results November 2017Overview by Paul Fineman, CEO[link] – 00:17Territories – 01:27Diversification – 02:35Driving efficiency – 04:13Acquisitions – 068Outlook – 07:13Group Financial Officer – 8:11

II Editor 15 Nov 2017

NEW ARTICLE: Eight top shares that meet Jim Slater's investment rules "For investors with an interest in small, speculative shares, this week's 40% price crash at angling supplies retailer LSE:FISH:Fishing Republic, will have come as a shock. It's a reminder of just how unpredictable small-cap growth companies can ..."[link]

IOMINVESTCOM 07 Nov 2017

Breaking out into new high Share price doing well since mentioned in SCSW early this month.atb

time 2 retire 03 Oct 2017

Tipped in todays Telegraph... [link]

time 2 retire 23 Sep 2017

Share punt of the week.... From the Daily Mail's "This is Money"...SHARE PUNT OF THE WEEK: Gift wrap firm IG Design distributes to more than 200,000 stores across the world.What is it? You might not have heard of IG Design Group, but you’ve no doubt used some of the gift wrapping and celebratory products it makes, sells and distributes to more than 200,000 stores across the world.The company, which changed its name from International Greetings last year, is the world’s biggest seller of Christmas crackers, producing 71m a year.What’s the latest? After years as a basket case, it has soared 37 per cent since March, when it awoke from its slumber and upgraded profit expectations.IG has enjoyed a significant boost in the US and has managed to offset currency headwinds in the UK with strong sales.This week it announced that it had bought Australian card company Biscay Greetings for £5.5million to boost its presence in the country, sending shares even higher.Who backs it? Miton Asset Management and Canaccord Genuity Wealth Management own respective stakes of 12 per cent and 5.2 per cent. Chief executive Paul Fineman owns a 7.1 per cent stake.Why should you invest? IG is part-way through something of a renaissance period after years of being down in the dumps.It seems to have indicated that acquisitions like the one this week could be more common as it looks to take advantage of its current strength.Read more: [link] us: @MailOnline on Twitter | DailyMail on Facebook

Yertiz 22 Sep 2017

Re: Beaufort Sec view All looks rosy in IGR's garden. Do they do 'Congratulations on your business endeavours' cards?

IOMINVESTCOM 22 Sep 2017

Re: Beaufort Sec view Our View: This is a positive move for IG Design. The growth in its 50%-owned Australian JV (accounts for c.11% of Group revenue) has already seen some benefits of significant investment and turnaround as strategies to sell higher margin products to independent store sector turn out to be fruitful. Further to this, the Group has recently won a major new 3-year contract for the sole supply of single greetings cards range with Australia's largest discount chain, which the Group has now initiated national all store 'roll out'. Biscay is a profitable company who has strong established reputation in its product and customer service. This is highly complementary to the Group existing operation as it provides opportunities for cross selling as well as synergies arising from sourcing, design and logistics. The acquisition would strengthen the Group's presence in the New Zealand, while doubling its market share in the value channel of the greetings card market in Australia. The Group has confirmed that while the acquisition would have minimal impact to underlying earnings for FY2018, it will be earnings enhancing from FY2019 as synergies are began to materialise. A recent Q1 trading update provided on 29 August 2017 showed the Group continues to perform well, delivering trading in line with its management's optimistic expectation. In the Americas, the Group saw operating margins continuing to improve across its broadening customer base, supported by sales volume growth and product mix (including increased in own products sale). The region is also seeing "further significant synergies" from the acquisition of Lang, bringing with it improved purchasing power. In the UK, following the reorganisation of its domestic businesses under one leadership team, regional trading has met with management's best expectations. Management also noted Continental Europe remains on course to achieve record sales and production levels across its core gift packaging product categories. Having raised dividend by +80% in FY2017, Beaufort is confident that the Group has ability for future dividend growth at the same time as continuing its investment, while managing average leverage within target (long-term target: 2.0x-2.75x average net debt to EBITDA). The shares are valued at FY2018E and FY2019E P/E multiples of 18.0x and 16.0x with dividend yields of 1.5% and 1.8%, respectively. Considering continued expansion of its operation with Directors' confidence in the current year outcome, Beaufort reiterates its Speculative Buy rating on the Shares.

time 2 retire 21 Sep 2017

IGR buys Australian card business... [link]

IOMINVESTCOM 30 Aug 2017

Beaufort Sec view IG Design (IGR.L, 386.00p) - Speculative BuyIG Design Group, a leading designers, manufacturers and distributors of gift packaging, greetings, stationary and play products, yesterday provided its trading update for the 3 months ended 30 June 2017 (‘Q1 FY2018’. The Group has confirmed that trading for the first quarter is in line with management expectations, and the Directors are confident in the outcome for the full financial year. Operational highlights included; 1) unification of the Group's 3 UK businesses under a single leadership team; 2) the synergies resulting from the acquisition of Lang in the USA; and 3) National all store ‘roll out’ of its single greeting card range with Australia's largest discounter. IG Design’s CEO, Paul Fineman commented “We are pleased with the progress made in the first quarter… Organic growth opportunities exist in all regions, and our strong balance sheet is also providing the flexibility to continue to evaluate M&A opportunities”.Our View: IG Design continues to perform well, delivering trading in line with its management’s optimistic expectation. In the Americas, the Group saw operating margins continuing to improve across its broadening customer base, supported by sales volume growth and product mix (including increased in own products sale). The region is also seeing “further significant synergies” from the acquisition of Lang, bringing with it improved purchasing power. In the UK, following the reorganisation of its domestic businesses under one leadership team, regional trading has met with management’s best expectations. Management also noted Continental Europe remains on course to achieve record sales and production levels across its core gift packaging product categories. In Australia, the higher margin independent store sector enjoyed particularly strong growth during the period. Operationally, IG Design is already enjoying payback from past investment across its manufacturing facilities while also bringing enhanced capabilities to drive further growth. Management confirmed that its further investment initiatives across the regions are on schedule and on budget. Back in June 2017, it announced strong financial and operational results for the full year FY2017. The performance was supported organically (revenue +11%), by acquisition of Lang (revenue +8%) and translational benefit from weaker Sterling (revenue +12%), resulting in total revenue growth of +31%. Having raised dividend by +80% in FY2017, Beaufort is confident that the Group has a scope to increase the payout still further, considering its strong cash generation while having also achieved its average debt to EBITDA target of 2.5x. The Board noted at the time of the FY2017 results that such future dividend growth will be delivered at the same time as continuing its investment, while managing average leverage within target (long-term target: 2.0x-2.75x average net debt to EBITDA). The shares are valued at FY2017/18E and FY2018/19E P/E multiples of 19.0x and 17.2x with dividend yields of 1.4% and 1.7%, respectively. Considering Q1 has traded in line, while supporting a record order book and Directors’ confidence in the current year outcome, Beaufort reiterates its Speculative Buy rating on the Shares.

time 2 retire 29 Aug 2017

2 from The Motley Fool... [link] Design(LSE: IGR), formerly International Greetings plc is another small-cap with big potential. It flies under the radar of most investors because it's a relatively boring business that sells gift packaging and greetings cards, amongst other items, in over 150,000 stores around the world. This business, while boring compared to high growth tech firms, is lucrative. Pre-tax profits have jumped 220% since 2014. For the year ending 31 March 2017, earnings per share rose 25%.Going forward, City analysts expect IG's rapid growth to continue. Analysts have pencilled in earnings per share growth of 11% for the financial year ending 31 March 2018, followed by growth of 11% for 2019. According to the first quarter trading update, the group is firmly on track to hit these targets having made a strong start to the year.Unfortunately, thanks to the company's historical growth rate, shares in IG are not cheap. The shares currently trade at a forward earnings multiple of 18.9. Still, considering the group's past performance, I believe that this is a price worth paying.The company is highly cash generative and was able to reduce net debt from £17.5m last year, to a net cash position of £3m at the end of fiscal 2017. Based on these figures, I wouldn't be surprised if management decides to start returning more cash to investors via special dividends going forward. The shares currently yield 1.4%.Overall, based on IG's steady growth, cash rich balance sheet and dividend potential, I believe that the company has brilliant potential.[link] group IG Design (LSE: IGR) produces giftware, stationery and toys which are sold in more than 80 countries. For example, it sold more than 40m pens and pencils and 80m Christmas crackers last year.Last year’s sales totalled £311m, and generated underlying earnings per share of 18.2p. Broker consensus forecasts suggest that sales this year will rise by 4.5% to £325m, while earnings are expected to rise by 11.5% to 20.3p.Today’s first-quarter trading update suggests to me that the group’s management is confident of delivering on these forecasts. IG says that performance so far this year has been in line with expectations, while the group’s order book is said to be “at record levels”.Upgrade likely?IG Design is hoping to improve profit margins by tweaking product ranges and improving its manufacturing processes. Management is also on the lookout for acquisition opportunities. The group’s return on capital employed has risen from 9.1% to 15.1% since 2014, suggesting these plans are working.In my view, the wording of today’s statement suggests that chief executive Paul Fineman and his team are very confident about the year ahead. If trading continues on this basis, I think there’s a good chance that broker forecasts will be upgraded over the next six months.The shares trade on a forecast P/E of 18 at today’s price of 385p. But I think there’s a good chance this valuation could end up looking cheap as IG continues to grow. In my view, the shares remain worth buying.

time 2 retire 06 Aug 2017

From todays Mail on Sunday [link]

time 2 retire 03 Aug 2017

Share price predicted to rise by a third.. 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.[link]

IOMINVESTCOM 28 Jun 2017

Re: Paul Scott's view updatedwouldn't be surprised to see the same pattern continue. With that in mind, if I still held this share, I'd probably be inclined to hang on to it, for further potential gains. The narrative sounds upbeat about the future, and management really has executed well so far.Although do bear in mind that they got a nice boost this year from the finance charge dropping (driven by movement in derivatives), which may not boost next year's results, or could swing the other way.I would have thought 20p+ adjusted EPS should be on the cards (geddit?!!) for this year, so at 356p currently, that means a PER of 17.8 or lower. That looks about right to me, with potential upside from estimates being revised upwards as the year progresses, maybe.[link]

IOMINVESTCOM 28 Jun 2017

Beaufort Sec view Our View: IG Design greeted investors with strong FY2017 financial and operational results. Beside encouraging organic growth (revenue +11%), the Group’s results were strengthened by the acquisition of Lang (revenue +8%) and as 73% of revenues being non-UK (FY2016: 63%), it further boosted by translational benefit from weaker Sterling (revenue +12%), marking total revenue growth of +31% which beats the consensus forecasts. The USA and Continental Europe showed excellent performance during the year. Europe saw record profitability, while in the USA, its strong organic growth of +27% was achieved across all channels of business. Lang contributed +8% to the Group’s revenue and the Board said operating margin will improve going forward as synergies from acquisition (for buying) are expected to realise in FY2018 while the it will also change product mix to increase own products sale. Operationally, the Group are already enjoying the payback from years of investments in number of its manufacturing facilities which brought enhanced capabilities to drive further growth. Looking ahead, having raised dividend by +80% in FY2017, the Board confidently stated that there should be scope to increase dividend further, given strong cash generation and now that the Group achieved its average debt to EBITDA target of 2.5x two years ahead of the original plan. The management noted that such future dividend increase will be delivered at the same time as continuing its investment, while managing average leverage within target (long-term target: 2.0x-2.75x average net debt to EBITDA). The shares are valued at FY2018E and FY2019E P/E multiples of 17.8x and 16.0x with dividend yields of 1.5% and 1.9%, respectively. The Shares have performed extremely well with approximately +150% growth year-to-date. Considering the Group continuing to demonstrate strong LFL growth momentum with confident outlook statement, Beaufort reiterates its Speculative Buy rating on the Shares.

IOMINVESTCOM 27 Jun 2017

Paul Scott's view [link]

Page