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

By Steve Moore | Tuesday 26 October 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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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