Updates

IG Design

May 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.

IG said it ended the year with a strong Q4. Overall sales went up 37% driven by the acquisition of Impact (9.8% organic). Following the acquisition, the US gift wrap operations have been integrated into one facility in Memphis to deliver the annualised US$5m of operational synergies from 2020/21. Of course, the cross selling and purchasing synergies are excluded from this target and could be very significant. It has just been awarded Supplier of the Year for Seasonal and Celebration products at Walmart. Net cash ended the financial year ahead of expectations, with average leverage during the year expected to have been below 1.3x EBITDA from 1.5x last year. Results are due on 11 June with Canaccord forecasting eps of 26.8p. Th ...

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Smart Metering Systems

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IG Design - Doubles share of Australian value card market (November 2017)

IG Design - Design led creative play boosts sales (August 2017)

IG Design - To exceed market forecasts (April 2017)

IG Design - 20% growth even without acquisitions (January 2017)

IG Design (October 2016)

IG Design Group - Buys Lang on a multiple of 4 to add scale in the (biggest) US market (August 2016)

International Greetings (May 2016)

International Greetings - "Everything but the cake" (January 2016)

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International Greetings - Growth resumes (August 2014)

International Greetings (January 2012)

International Greetings (December 2011)

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International Greetings - Prospective PE of 6 for year starting 1 April (January 2011)

International Greetings - Sales of every day cards rise (November 2010)

International Greetings - Refocuses on budget end of the greeting products market (August 2010)

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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