Secondary Recommendation

IG Design - Another upgrade to forecasts

August 2017

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 Design, which makes partyware and giftware merchandise, has been on a tear in the past year and final results on 27th June, which showed eps growing 38% to 18.2p, were also ahead of expectations. Having originally met CEO Paul Fineman last April (when the shares were tipped at 270.5p), we again spoke with him over the month and if anything the story is stronger still.To recap, Fineman became CEO in 2009 when IG was at a low ebb, having over-geared on a disastrous acquisition spree and was overdependent on both lower margin retail own brand gift wrap and Christmas, which represented 75%-80% of sales. In response, Fineman has increased sales of “everyday” products and moved into higher margin categories. These include ...

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IG Design - Upgrades guidance again (January 2019)

IG design - All regions growing (December 2018)

IG Design - Transformational US acquisition (October 2018)

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IG Design - Trading significantly ahead of forecast (May 2017)

IG Design - Celebrations & giftware firm eyes new era of high octane growth (April 2017)

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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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