What happened today? A big drop today. Is this related to a possible Brexit?
IGR Broker Update........ IGR International Greetings. Another Broker NoteInternational Greetings PLC IGR Beaufort Securities Speculative Buy 180.50 179.50 - - ReiteratesSpeculative!!!!!!!!! didnt look that way to me on the RNS yesterday.
IGR, Shorts Being Squeezed !!!!!! IGR Bullish article, must have come out late.......not sure how much stock is on loan??. <b>Will International Greetings plc Short Squeeze Soon? The Stock Just Gapped Up</b>APRIL 18, 2016 BY STAFF WRITER IN STOCK NEWS · The stock of International Greetings plc (LON:IGR) gapped up by GBX 8.5 today and has GBX 310.54 target or 73.00% above todays GBX 179.50 share price. The 5 months technical chart setup indicates low risk for the GBX 106.36 million company. The gap was reported on Apr, 19 by Barchart.com. If the GBX 310.54 price target is reached, the company will be worth GBX 77.64 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 15.06% or GBX 23.5 on April 18, hitting GBX 179.5. About 183,337 shares traded hands or 752.29% up from the average. International Greetings plc (LON:IGR) has risen 23.79% since September 17, 2015 and is uptrending. It has outperformed by 17.00% the S&P500.
IGR Broker Comment.......... EPS here one heck of an uplift.<b><u>Broker Edison;</b></u><b><i>The year-end trading update indicates that International greetings (IGR) ended FY16 strongly in all its geographic regions, with good momentum into the new financial year. FY16 earnings per share will be at least 13.0p (Edison forecast: 12.1p). Cash performance was also well ahead, with deleveraging comfortably outperforming our modelled outcome, which showed an end-March net debt figure of £26m. The full year dividend is to be recommended at 2.5p (our forecast: 2.0p). FY16 numbers and FY17 estimates will be revised up on publication of the full year numbers at end June, underlining the strong value in the shares at current levels.</b></i>
Re: IGR, To Hike Dividend >Than Expected International Greetings' (IGR) financial performance in the year ended 31 March was ahead of expectations, resulting in a further year of double digit earnings per share growth. The shares were up 11.79% at 174.4p.[link]
IGR, To Hike Dividend >Than Expected <b>International Greetings PLC to hike dividends more than expected</b>Share 08:30 18 Apr 2016Gift packaging company pledged to pay a final dividend ahead of market expectations at 1.75pInternational Greetings PLC to hike dividends more than expectedCompany's earnings per share rose in double digits again in the year to the end of March.Gift packaging group International Greetings plc (LON:IGR) reported a better-than-expected annual financial performance and said dividends would be higher than anticipated.International Greetings, which makes and distributes packaging, greetings, stationery and creative play products, said earnings per share rose in double digits again in the year to the end of March.It pledged to pay a final dividend ahead of market expectations at 1.75p, resulting in an overall full year dividend of 2.5p in 2015/16 against 1p in 2014/15.The group said operational cashflow and debt reduction continued to reduce leverage significantly ahead of expectations.All regions increased business year-on-year and would achieve an overall outcome ahead of market expectations.In the UK and China, record sales combined with excellent manufacturing boosted profitability more than expected.In continental Europe, higher sales and effective mix management mitigated anticipated foreign exchange transaction headwinds.Trading in the second half of the year in Australia helped to significantly increased overall total profit. In the US, commercial, operational and financial performance has been extremely encouraging, helped by manufacturing investment.Chief executive Paul Fineman said: "It is especially pleasing that we can report profits growth throughout all regions of the group.This is a particularly exciting stage of our development in which we remain well positioned for organic growth and continue to seek compelling acquisition opportunities.Share
Re: IGR..........AHEAD Of Expectations......... IGR International Greetings.SP moving up after the company reported this morning financial growth beyond expectations in many areas of the Business. Looking forward to Broker UPGRADES.[link] Greetings Plc engages in the designing, manufacturing and distribution of gift packaging and greetings, stationery and creative play products.The company products include licensing, gift wrapping, crackers, cards, stationery and activity, gifts and bags.<b><u>Valuation 2016e 2017e</b></u>P/E ratio (Price / EPS) 12,9x 12,1xCapitalization / Revenue 0,40x 0,39xEV / Revenue 0,51x 0,48xEV / EBITDA 6,89x 6,33xYield (DPS / Price) 1,28% 1,92%Price to book (Price / BVPS) - -
IGR..........AHEAD Of Expectations......... Financial performance is ahead of expectations' in ALL areas......[link]
Good analysis report on IGR I found this website that uses analysts estimates of free cash flow to find intrinsic value. Looks promising for International Greetings: [link]
Sold for 33% gain since 20th October Rightly or wrongly just banked the purchase from 1.35 20th October for the above gain.Happy to re-visit.Paul Scott's view back then was a 200 ish price target in 1-2 years so I feel the 33% gain in just over 1 month is a decent gain to take.Probably, a trade bid will come along now then I will have left some for the next man!!GLTA
Re: Momentum is gathering pace Continuing well today.[link]
Momentum is gathering pace We get a write up in today's Share Magazine...[link]
Target price of £4.35 [link]
Looking good to take out recent highs [link] like 1.55 may well be tested shortly and broken as we run up to Christmas.Better to hold now and run with them.GLTA
Edison research - Christmas rolling out to plan [link]