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IG Design – hopefully my prior caution was heeded, a “significantly below” trading warning...

Previously writing on celebrations, craft, gifting, stationery and creative play products group IG Design (IGR), in November with the shares at 245p I noted it not seeing an improvement in supply shortages and inflationary pressures and that I remained cautious. Today a “trading update” and the shares, having last closed at 255p, down to 115p. So what’s the situation?...

EPIC IGR
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IG Design – argues “ongoing” strategy success, though earnings “significantly below current market expectations”!

A trading update announcement from ‘celebrations, craft, gifting, stationery and creative play products’ group IG Design (IGR) commences that it “has delivered a good revenue performance in the first half of the financial year with like-for-like revenue up 11% on the prior year, and up 5% on proforma revenues (including CSS prior to ownership) for the six months to 30 September 2019”. So why are the shares, currently at around 300p, more than 30% lower in response?...

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