IG Design, Image Scan and Hummingbird

“The FTSE100 opened in negative territory as the latest round of Brexit negotiations highlighted the widening division between Brussels and London and amid rising geopolitical tensions after North Korea launched a ballistic missile over Japan,” says AJ Bell Investment Director Russ Mould.

“Greetings card and gift packaging group IG Design was an early riser following a good first quarter and a strong pipeline. The group has seen tangible benefits from the unification of its three UK businesses under a single leadership team and synergies from the acquisition of Lang in the US. The group’s order book is again at record levels and organic growth opportunities exist in all regions. IG Design’s shares were up by more than 2.3%.

“Image Scan was a double-digit riser after it revised year-end guidance following a rapid growth in order intake for its products. The group, which supplies X-ray screening systems to the security and industrial inspection markets, is on course to achieve sales of around £4.5m which would give it a very healthy orderbook of more than £2m at the start of its new financial year. Image Scan’s shares were up by over 10.7% in early trading.

“Hummingbird Resources’ shares rose after it confirmed that pre-production mining had started on schedule at its Yanfolila gold project in Mali and that it remained on track for its first gold pour by the end of the year. Yanfolila is forecast to produce 132,000oz gold in its first full year of production at a life of mine all-in sustaining cost of US$695/oz. Hummingbird’s shares were up by more than 2.1%.”

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