Latest news with #IGDesignGroup
Wales Online
3 days ago
- Entertainment
- Wales Online
Wales is getting its own museum of modern art
Wales is getting its own museum of modern art A building is being lined up in Cardiff to host the nation's first museum for contemporary art Art work by Welsh African artist Anya Paintsil. Plans to establish the first museum of contemporary art in Wales can be revealed. Following a two year process the backers of the not-for-profit Artistic Museum of Contemporary Art (AMOCA), are close to finalising an agreement to acquire a building in Cardiff, which would provide a much needed platform to promote the work of Welsh contemporary artists. Ahead of confirmation of a permanent home, which is expected to open its doors next year, AMOCA will stage a pop-up exhibition, featuring the contemporary work of 34 African and African diaspora artists, at the Temple of Peace in Cardiff next week. The Black Voices from the Museum Collection will feature the work of artists including Tesfaye Urgessa, Amoako Boafo, Merikokeb Berhanu, Ferrari Sheppard, Slawn, Alexandre Diop, Khari Turner, Marcus Jansen, Carmen Neely, Deborah Segun, Esiri Erheriene-Essi, Jonathan Lyndon Chase, Nate Lewis, Omar Ba, Tunji Adeniyi-Jones and Anya Paintsil. Wrexham-born Ms Paintsil is a world renowned Welsh and Ghanaian textile artist who live and works in London and Glyn Ceiriog. AMOCA has acquired a work from her studio. Privately funded AMOCA said it is committed to public engagement through artist residencies, youth workshops, talks, and outreach to deprived communities. Its founding team is a collective of art lovers, curators, and professionals passionate about broadening access to contemporary art. The new prime office scheme in the centre of Swansea READ MORE: A co-founder is Cardiff-based philanthropist and Swedish-born entrepreneur Anders Hedlund. He is best known for establishing global stationery to Christmas cracker venture IG Design Group, which has its UK manufacturing base in Ystrad Mynach. He also established Cardiff-based charitable status school Tomorrow's Generation, that provides intensive literacy support for children with dyslexia, which he himself has been diagnosed with. Part of his private art collection, developed over three decade, will form a cornerstone of AMOCA's opening exhibitions. He said "Having lived in Wales for 45 years I would like to see an area lacking in the presence of such a cultural facility to benefit from and enjoy our extensive collection. Although I was born in Sweden, I have a strong affiliation to Wales and to Cardiff. Both my grown-up children were born here and continue to live here and I really would love to give something back to this city. "Having worked on and built up a collection of art over the past 30 years it is clear that Wales has some amazing contemporary artists, but sadly many don't have the exposure that artists in the other home nations have. Auction houses in London often feature Scottish or Irish collections, but I have never seen a Welsh collection. "AMOCA will have permanent Welsh collection exhibited and there will be a big emphasis on promoting young Welsh artists, with several small shows in the museum, highlighting our up-and-coming Welsh talent. I really want to put Wales on the map and highlight the wealth of artistic talent here, both past and present." The pop-up exhibition will the held on June 4th. AMOCA's collection includes over 1,000 museum-grade works by world-class contemporary artists. It said: "With the pop up exhibition we bring some of the world's most interesting and valuable black artists to Cardiff. An Amoako Boafo piece alone can be worth several million dollars. To have this kind of work shown in Wales, especially at a time when cultural institutions are under threat, museums are closing, and public arts funding is being reduced, is profoundly significant. "This exhibition is not only about art, it's about cultural sovereignty, international visibility, and the opportunity for Wales to assert itself as a platform for global dialogue, equity, and excellence in the arts. Article continues below "We're fully committed to making this moment matter for Cardiff, for Wales, and for the artists whose voices deserve to be seen and heard at the highest level."
Yahoo
11-04-2025
- Business
- Yahoo
IG Design Group (LON:IGR) shareholders have endured a 90% loss from investing in the stock five years ago
Long term investing works well, but it doesn't always work for each individual stock. We don't wish catastrophic capital loss on anyone. Anyone who held IG Design Group plc (LON:IGR) for five years would be nursing their metaphorical wounds since the share price dropped 90% in that time. And it's not just long term holders hurting, because the stock is down 55% in the last year. Furthermore, it's down 64% in about a quarter. That's not much fun for holders. While a drop like that is definitely a body blow, money isn't as important as health and happiness. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, IG Design Group moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics may better explain the share price move. Revenue is actually up 3.6% over the time period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). We know that IG Design Group has improved its bottom line lately, but what does the future have in store? If you are thinking of buying or selling IG Design Group stock, you should check out this free report showing analyst profit forecasts . Investors in IG Design Group had a tough year, with a total loss of 55%, against a market gain of about 1.2%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 14% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for IG Design Group (2 are significant!) that you should be aware of before investing here. We will like IG Design Group better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Is IG Design Group plc (LON:IGR) Worth UK£0.6 Based On Its Intrinsic Value?
Using the Dividend Discount Model, IG Design Group fair value estimate is UK£0.50 IG Design Group is estimated to be 25% overvalued based on current share price of UK£0.62 Our fair value estimate is 61% lower than IG Design Group's analyst price target of US$1.29 In this article we are going to estimate the intrinsic value of IG Design Group plc (LON:IGR) by taking the forecast future cash flows of the company and discounting them back to today's value. This will be done using the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. See our latest analysis for IG Design Group As IG Design Group operates in the consumer durables sector, we need to calculate the intrinsic value slightly differently. In this approach dividends per share (DPS) are used, as free cash flow is difficult to estimate and often not reported by analysts. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. For a number of reasons a very conservative growth rate is used that cannot exceed that of a company's Gross Domestic Product (GDP). In this case we used the 5-year average of the 10-year government bond yield (2.1%). The expected dividend per share is then discounted to today's value at a cost of equity of 9.6%. Relative to the current share price of UK£0.6, the company appears slightly overvalued at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = US$0.06 / (9.6% – 2.1%) = UK£0.5 Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at IG Design Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.6%, which is based on a levered beta of 1.552. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Debt is well covered by cash flow. Weakness Interest payments on debt are not well covered. Current share price is above our estimate of fair value. Opportunity IGR's financial characteristics indicate limited near-term opportunities for shareholders. Threat Annual earnings have declined over the past 5 years. Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Can we work out why the company is trading at a premium to intrinsic value? For IG Design Group, we've compiled three additional aspects you should explore: Risks: Every company has them, and we've spotted 4 warning signs for IG Design Group (of which 2 are a bit concerning!) you should know about. Future Earnings: How does IGR's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the AIM every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
