Updates

IG Design

July 2019

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.

The shares went over £6 again helped by full year results coming in ahead of expectations. Revenue was up 37% to £448.4m driven by organic growth of 9.8% (up from 4% stated at H1) and the acquisition of Impact. Adjusted pretax profit grew by 39% to £30.3m and eps by 33% at 29.3p (so 2p ahead of forecasts). Net cash at the year end was £12.7m with average leverage improved to 1.3x (2018: 1.5x) despite capex of £8m.Long-term relationships with successful mass and discount retailers across its geographical markets, investment in state-of-the-art equipment and a strong emphasis on design and innovation delivered strong performances across all three regions - USA, Europe and Australia.The US’ so ...

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eServGlobal

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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.

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