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IG Design

February 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IGR
  • Price:
  • 61p
Having spoken to CEO Paul Bal twice in mid-December, just five weeks later, IGR had the ignominy of putting out a poor update. Last month, I had already noted that US craft retailer Joann (IGR’s fourth-largest customer) had entered Chapter 11 protection during IGR’s H1, and Bal had said the company had restricted sales to it. However, after emerging from Chapter 11, it seems Joann re-entered it this January and IGR will now need a US$15m provision against receivables. Bal has also reported reduced ordering from some US retailers (read: mostly Walmart), and this deterioration in demand has had a disproportionately negative impact on profits. DG Americas sales for the year ending March are down 13%, effectively wiping out all the be ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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