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International Greetings - Growth resumes

August 2014

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:
  • 76p
Finally, the full year results show that  IGR has got the bit back between the teeth after two years of stagnation, which had seen the company initiate a programme of investment to upgrade its global manufacturing facilities for giftwrap. The upgrade programme started in Holland where it installed environmentally friendly state-of-the-art printing capabilities (cost c.£2m) and payback came through from that in the year reported whilst the lions share (c.£7m) is towards installing a similar capability in Wales where IGR has three sites (to be  consolidated to two)  and the impact of this investment will show through this year. This investment caused a one-off spike in capex but even so, net debt declined 12% to £36.9m and with the ...

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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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