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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| India Capital Growth Fund Limited | LSE:IGC | London | Ordinary Share | GB00B0P8RJ60 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.00 | 1.20% | 168.00 | 213,183 | 16:35:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 167.00 | 169.00 | 169.00 | 166.50 | 168.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 4.55M | 3.77M | 0.0432 | 38.77 | 146.44M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:12:42 | O | 9 | 168.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/4/2024 | 15:33 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 22/4/2024 | 14:52 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 22/4/2024 | 07:00 | UK RNS | India Capital Growth Fund Limited Transaction in Own Shares and Total.. |
| 19/4/2024 | 15:05 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 19/4/2024 | 07:00 | UK RNS | India Capital Growth Fund Limited Transaction in Own Shares and Total.. |
| 18/4/2024 | 15:17 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 16/4/2024 | 15:00 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 15/4/2024 | 14:30 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
| 15/4/2024 | 07:00 | UK RNS | India Capital Growth Fund Limited Transaction in Own Shares and Total.. |
| 12/4/2024 | 14:43 | UK RNS | India Capital Growth Fund Limited Net Asset Value Daily Estimate |
India Capital Growth (IGC) Share Charts1 Year India Capital Growth Chart |
|
1 Month India Capital Growth Chart |
Intraday India Capital Growth Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/4/2024 | 10:48 | India Capital Growth Fund | 235 |
| 14/10/2014 | 13:13 | India Capital Growth Fund | 29 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:12:42 | 168.00 | 9 | 15.12 | O |
| 15:56:52 | 168.01 | 75 | 126.01 | O |
| 15:35:13 | 168.00 | 158 | 265.44 | UT |
| 15:28:08 | 168.00 | 22,764 | 38,243.52 | O |
| 15:27:55 | 168.00 | 22,764 | 38,243.52 | O |
| Top Posts |
|---|
Posted at 23/4/2024 09:20 by India Capital Growth Daily Update India Capital Growth Fund Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker IGC. The last closing price for India Capital Growth was 166p.India Capital Growth currently has 87,424,156 shares in issue. The market capitalisation of India Capital Growth is £146,435,461. India Capital Growth has a price to earnings ratio (PE ratio) of 38.77. This morning IGC shares opened at 168.50p |
Posted at 20/3/2024 11:16 by disc0dave46 That's one view I guess, but definitely don't agree with it. They are investing in IGC and maximising returns, nothing wrong with that.How many companys do you hold that are buying back their own shares?, and in most cases ignoring what the actual value and internal rate of return is.IGC obviously feel that they are going to get a much greater return by buying their own shares than investing elsewhere. |
Posted at 19/3/2024 16:02 by buoycat It's explained somewhere in an rns. Every two years the company will guarantee to buy back your shares at a set redemption price. Last time it was 3% below NAV. IGC shares have always tended to trade well below NAV, so as the redemption date approaches the gap closes. Unfortunately after the redemption and with all that trading activity, with weakness in the Indian market, and election uncertainty approaching the price has subsequently quickly sagged ! |
Posted at 19/3/2024 14:26 by elric3 This may be a silly question but what is redemption and how does it impact the share price. I am not a invested here but thinking about it. |
Posted at 19/3/2024 13:19 by bigboyblue The company seems to be managing the situation very well. By my reckoning they have sold 6m treasury shares back into the market since the end of Jan. I haven't worked out the exact price, but the average must be around 184p. Now they've started buying again in the 140s.My own recent purchase at 162p isn't looking too clever right now, but I've always regarded this as an investment for the longer term and bought some more today. If they follow the same timetable as last time, we'll know the discount for the next redemption point in September, with the half year report. |
Posted at 18/3/2024 10:40 by buoycat I've owned these for many years. I initially bought at 100p but then bought some as low as 24p. They underperformed for many years and have traded substantially below NAV for most of that time, often 15 to 20%. The recent run up to 180+ was a surprise to me and the retrace was expected to be honest. I sold half my holding at 166 but might be tempted to buy some back. 11% below NAV feels about right historically, but the share buy back has been a clever way to support the share price. |
Posted at 09/2/2024 14:13 by martincc Agree, think this has such a good record the norm may now be to pay around nav or a premium.If that's correct, buy price more reasonable at the moment, 183.80 trades are buys, near to nav 182.87p |
Posted at 31/1/2024 12:37 by bigboyblue Well, I was wrong about the discount widening after the redemption date; the share price has gone from strength to strength and is now at a premium to the NAV. I see they are now selling shares held in treasury to satisfy demand, whereas a few months ago they were buying their own shares. I can only put it down to market confidence in IGC's investments and in India generally. |
Posted at 19/12/2023 09:21 by bigboyblue IGC used to have a discount of around 20% or even more. That was before they introduced the policy of offering to redeem shares at a specified discount, on a biannual basis. That discount was 6% in 2021 and 3% this year. I'd expect the discount to widen slightly after this year's cut off date (29th Dec) but it will gradually narrow again toward the next redemption date.Further, if you check out the NAV progress of JII and IGC over pretty much any period you choose you will soon see which has the better record. |
Posted at 18/12/2023 13:22 by arja IGc has about an 8% discount to NAV and JII has an 18% discount . Surely JII must be a better bet but I might be wrong :) |
Posted at 10/9/2023 15:42 by bigboyblue It's worth checking out the two best known alternatives to IGC, JP Morgan India Investment trust and Abrdn New India. Neither has seen any increase in NAV or share price over the last 12 months. Ocean Dial seem to be doing a tremendous job here and the share price will be underpinned by the redemption facility at least for the next 3 months. |
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