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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Design - Trading significantly ahead of forecast

May 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.

  • Epic Code:
  • IGR
  • Price:
  • 344p
Just a month after our recommendation IG has announced that profits are running significantly ahead of market expectations.America has seen particularly strong profit growth thanks to its product offering, customer base and advances in operational efficiency and momentum remains strong.Although Australia was more challenging with investment holding back profit in FY’17, Europe and the UK, where currency headwinds were neutralised by robust trading and a business reorganisation, were strong performers.Broker Edison has upgraded its eps forecast for the year ended March ‘17 from 16.1p to 17.5p. For the year just started this has risen from 17.6p to 19.3p. Edison also notes IG has achieved its target for average net debt / ...

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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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