TPE
09 Jan 2017
Re: Napped Is it SCSW worth it? What is 'nap' standing for? Thanks
time 2 retire
08 Jan 2017
Napped IGR is a Small Company Sharewatch nap of the year in this months issue...
IOMINVESTCOM
06 Jan 2017
Beaufort Sec view Our view: IG Design confirmed that it remains confident to meet full year expectations following its key Christmas trading period. There is a problem, however, in the respect that there is currently a perceived overhang in IG design shares. Highly influential holder, Miton Group, has been seen to be reducing its holding through a series of disclosures since December 2015, taking its over 20% down now to below 16%. The Diverse Income Trust, a 3.88% shareholder, has also been selling down their position recently. Until investors are convinced these exercises have been completed, the shares are likely to be held back. This is unfortunate, given the operational progress the Group continues to make, having proven that its global expansion and acquisition strategies are working well. IG delivered financial performance ahead of expectations at the interim and generated a strong order book, while upgrading its FY2017 expectations and increasing its full year dividend guidance to 4p per share (FY2016: 1.5p). The shares are valued on FY2017E and FY2018E P/E multiples of 16.2x and 14.7x with dividend yields of 1.6% and 2.0%, respectively. Considering the successful acquisition of Lang Companies Inc., a highly complementary US-based supplier of quality gift and speciality products, on 11 July 2016, we believe the Group will further benefit from the strong performance of its US divisions (FY2016 revenue stood at 40% of the Group), further supported by positive currency translation effect. While domestic operational cost pressures will be felt due to Sterling's devaluation, with current year domestic revenues expected to represent less than one-third of the total, the market is possibly underestimating foreign exchange benefits presently accruing. In this respect, Beaufort remains impressed with the progress being achieved, particularly given that IG's operations are largely insulated from background macroeconomic and political uncertainties. In light of this, Beaufort reiterates its Speculative Buy rating on the shares, although it understands the technical overhang may hold them back until it is cleared.
IOMINVESTCOM
30 Dec 2016
Bought a few this am Using the current weakness to buy a few today.
IOMINVESTCOM
30 Nov 2016
Beaufort Sec view Our view: IG Design greeted investors with positive and confident H1 results, delivering a financial performance ahead of expectations. All regions traded profitably, and this was achieved both organically and through acquisition of Lang, while being further supported by the favourable foreign exchange rate. Margin improvement was primarily due to the acquisition but there were also some elements of organic growth. In UK, sales fell by -3.6% due to scheduling of certain customer deliveries into the second half of the year while profit increased by +4% despite foreign exchange impact. Continental Europe saw sales growth of +11% in constant currency and +25% increase in profit. In Australia (JV), sales declined by -6% in constant currency due to the timing of some customer delivery requirements, although profit jumped by +54% helped by product mix and operational efficiency. The USA recorded strong organic sales and profit growth of +21% and +36%, respectively. Looking ahead, current momentum in sales and gross margin is expected to be maintained into the second half. Given its strong order book, the Group said it is set to deliver financial results “materially ahead of market expectations” for the FY2017 and was confident enough to upgrade its full year dividend guidance to 4p per share (FY2016: 1.5p). The shares are valued on FY2017E and FY2018E P/E multiples of 18.2x and 16.5x with dividend yields of 1.4% and 1.7%, respectively. Considering the successful acquisition of Lang, the Group’s strong cashflow and balance sheet along with its upgraded financial guidance, we remain impressed with the progress the Group is achieving. Its business remains well balanced and largely insulated from macroeconomic and political uncertainties. In light of this, Beaufort reiterates its Speculative Buy rating on the Shares.
IOMINVESTCOM
29 Nov 2016
Paul Scott's view [link]
IOMINVESTCOM
03 Nov 2016
Paul scott view Totally agree with his feelings even at 2.40. Looking at 2.05 area myself to buy back.[link]
IOMINVESTCOM
27 Oct 2016
Profit taking Now the uptrend has broken and profit taking place I see 2.57 as a key area of support. After that 2.40 area, wondering whether increased raw material costs coming from China will bring this lower in price.Non‐UK revenues 70% of group salesOne vexed question I had for Fineman was on currency given that the weak pound might impact as it’s a net importer buying in dollars. Most of what it is buying is paper. Fineman says that this is less of a problem than it used to be as quite a lot of stuff is now made in the country where it is sold. The biggest impact is possibly the stuff it makes in China and ships to the UK and Europe although it is well hedged and the offsetting coup is that weaker sterling results in stronger overseas earnings for 70% of non UK sales when translated.
IOMINVESTCOM
30 Aug 2016
Paul Scott's view [link]
wokwok wokwok
14 Aug 2016
Re: Target price of £4.35 yes please1
penhome
07 Aug 2016
Re: IGR Share tip No2 with charts IG Design Group (formerly known as International Greetings)In addition to being written up in today's Mail on Sunday, IGR was featured in Sharewatch's August edition as a buyDaily chart looks positive with price breaking out of a period of congestion:[link] also looks good:[link]
time 2 retire
07 Aug 2016
IGR Share tip....... [link]
IOMINVESTCOM
29 Jul 2016
IG Design to weather ‘BrexitÂ’ storm, says Williams IG Design to weather ‘Brexit’ storm, says WilliamsCitywire AA-rated Gervais Williams is backing IG Design (INGR) to prosper post-‘Brexit’ that’s to exposure to overseas markets.Williams holds 3.6% of his Miton UK Smaller Companies fund, which he runs with Citywire AA-rated Martin Turner , in the company.The stock is one of his few holdings exposed to consumer discretionary spend, a sector of the market likely to come under pressure if the ‘Brexit’ vote sparks a slowdown in the UK economy. But Williams said IG Design was likely to prosper given the fall in the pound.‘This company does manufacture wrapping paper, cards and crackers for the US, Europe and the UK markets. If anything it should be a beneficiary of the weakness of sterling given the manufacturing plant here, and sales and profits generated overseas in foreign currencies,’ he said.Williams’ fund has returned 57.4%, more than double the 26% average return of funds in the Investment Association’s UK Smaller Companies sector.[link]
piw
30 Jun 2016
Video: IGR CEO results fy 31.3.16 CEO Paul Fineman comments on the FY results, their ongoing strategy, and the outlook in light of Brexit.[link]
II Editor
29 Jun 2016
NEW ARTICLE: Market greets finals with double-digit rally "Bonjour! Hallo! Olla! Whatever your international greeting of choice, it won't be as enthusiastic as the market Wednesday, which responded to LSE:IGR:IG Design's full-year results with a double-digit rally.Accompanying last year's decent profit ..."[link]
