Why I’m buying: IG Design Group
Following a near death experience in 2008, IG Design Group has gone from strength to strength and is now a major presence in its sector worldwide. With a blue chip customer base, there could be plenty of growth to go for.
IG Design Group (LON:IGR) is one of the world’s leading designers, innovators and manufacturers of gift packaging, celebrations, stationery and creative play products. Background The Company was admitted to the Alternative Investment Market (as it was then called) in 1995 under the name ‘International Greetings PLC’. By 2005 it was one of AIM’s largest companies with a market capitalisation of over £210m at a share price of 473p. Its subsequent fall was dramatic and by December 2008, burdened with a high level of debt and challenging market, the share price stood at a lowly 13p. It was at this time…