International Greetings (AIM:IGR) festive results from the festivity specialists
The designer and manufacturer of wonderful gift packaging and greetings, social expression giftware (great term!), stationery and creative play products, announced encouraging interim results, which seems fitting as the festive season draws near .This business was nearly drowned in its debt load a few years ago and the shares have ‘Ten Bagged’ from the lows of 2009 but still remain far off historic highs. The Group’s colourful products bring great joy, but is there more to go for in the share price?
This is the type of business your children would like you to own, producing colourful wrapping paper, bows, ribbons, greetings cards, photo frames and Christmas crackers, including the Tom Smith brand that has the Royal Warrant. Some great stats on the Group video here with the Group making this year: 200 million greetings cards 60 million gift bags 70 million crackers – made by hand! 150 million stationery and creative play products And 3 billion feet of wrapping paper Fantastic stuff and worth a cheer! Furthermore, you can’t question their customer spread with over 5,000 customers selling their products in…