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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Design

October 2020

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:
  • 456p
IG Design revealed strong final results for the year to March 20. Revenues rose 10% to £494m, largely driven by organic growth and nearly one month sales from CSS (acquired March ’20). Integration benefits are ahead of plan (c. US$5m annualised) with more expected. Adjusted pretax profit fell slightly to £29.1m (FY ’19: £30.3m) for eps of 26.9p but management say Covid-19 and US-China tariffs knocked £3.8m off profit. It’s also a rare beast in issuing a final dividend of 5.75p (8.75p for the year) during Covid-19.By division, USA saw profits up 1% to £20.1m; UK fell 15% to £6.9m; Europe was up 16% to £11.6m and Australia fell 29% to £5.5m.The year saw significa ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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