Updates

IG Design

May 2018

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.

IG’s update confirmed that H2 trading saw an acceleration over H1. Full year sales and profit are expected to be in line with estimates at +5% to £326m and +24% to £21m, respectively. Eps forecast is 21.4p.A continued evolution in IG’s sales mix towards higher margin product categories (eg. single greetings cards) together with a record level of capex/manufacturing synergies and commercial synergies has aided margin expansion. Having sold a surplus site during H2, it has moved to net cash and further acquisitions continue to be sought. Berenberg’s forecast is eps of 23.2p for the current year to end March ‘19 and 24.9p next year. As an example, the broker notes that if IG were to deploy £33 ...

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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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