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International Greetings - Sales of every day cards rise

November 2010

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:
  • 63p
IGR has reported that last year's positive trends have continued. As we anticipated in August, everyday greeting card sales have grown significantly during the period, largely as a result of commencing supply to Dollar Tree in the US and Tesco in the UK.  Meanwhile, character-licenced sales have been boosted by the launch of Disney's Toy Story 3 products. All this will have been helping margins.Debt is a bit higher than we expected, however, at £86m but this is the peak trading period.Results are due on 8 December; keep on buy list. ...

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