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IG Design

November 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:
  • 366p
IG has announced the acquisition of the trade and certain assets of Biscay Greetings, a leading Australian-based greetings card and paper products business with 2,000 customers through regional, wholesale and independent retail channels. The deal is being conducted via its joint venture and is expected to double IG’s share of the Australian market.IG is paying AUD 9m (£5m) using local debt facilities with stock and fixed assets said to be worth AUD 5m (£3.1m) so there’s goodwill of only £1.9m. Biscay’s operating profit before tax was AUD 2.9m from sales of AUD 13.4m while the deal represents 2.7x EBITDA for the year to last June.Given the estimated completion date of next January, the deal ...

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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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