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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| New India Investment Trust | LSE:NII | London | Ordinary Share | GB0006048770 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 373.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 373.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 31/7/2023 | 07:00 | RNSNON | abrdn New India Investment Trust Kepler Trust Intelligence: New Research |
New India Investment Trust (NII) Share Charts1 Year New India Investment Trust Chart |
|
1 Month New India Investment Trust Chart |
Intraday New India Investment Trust Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/1/2017 | 09:47 | New India Inv Trust | 22 |
| 22/5/2015 | 19:27 | New India Inv Trust | 94 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/1/2017 09:47 by what is a login ? I see that NII has now become ANII. |
Posted at 21/8/2016 09:15 by shavian I disagree hpgc. Modi has at last forced through his major reform of regional taxation which will sweep away inter-state customs and tariffs, making trade and transport within India much easier, albeit from a traditionally dreadful mess. Secondly overseas retailers are starting to get permission to infiltrate and reform all levels of commerce. The potential for improvement is enormous. It always has been, but now the government is starting to unlock the doors to progress. For me, NII is a buy, accumulate and hold. I also like Stewart Investors Asia Pacific Sustainability fund in the OEIC space, as it is more diversified but with 35% currently in India |
Posted at 06/7/2016 06:12 by shavian I'm amazed that nobody seems to follow NII on ADVFN. India under Modi is modernising rapidly, and now the fall in Sterling is benefiting UK holders. With Sterling forecast by some to fall to $1.15 or even parity the prospects seem good. |
Posted at 31/5/2015 16:46 by tenapen With thanks to logonair on the JII thread for posting.loganair 31 May'15 - 12:06 - 1902 of 1902 0 0 Adrian Lim keeps cool after India's stellar run - India was one of the best performing stock markets last year, but as its strong rally stutters, New India manager Adrian Lim remains optimistic. Lim, who manages New India (NII) investment trust, travels to India four or five times a year, each time seeing up to 25 companies a week. The frustrations of India’s infrastructure and the red tape can make such trips challenging, while the sheer noise of the country, in macroeconomic terms, creates its own difficulties. But this could also be valuable, insists Lim, who has now been at the helm of the trust for a decade. ‘India is a good place to pick stocks because what grabs the headlines may not make money on a long-term basis,’ said Lim. ‘Looking beyond the noise and focusing on fundamentals comes down to experience and doing your work diligently on the companies themselves. You try not to get carried away.’ The International Monetary Fund predicted in January that India would be the fastest growing major economy in 2016, with its growth rate overtaking China, although that partly reflects slowing growth in the latter. ‘It has a young population, growing middle class, consumption rising quickly from a low base and a huge talent pool that’s well educated and can speak English,’ said Lim (pictured), who joined Aberdeen Asset Management in 2000 as a private equity manager. Getting the best out of Indian growth for investors entails finding reasonably valued companies that the trust can hold onto for the long term. Investors have to accept that by nature India is a ‘messy, volatile market’, according to Lim. ‘But the long-term fundamentals are strong and there’s lots of underlying growth that you don’t need to take a lot of risk to participate.’ Big on Banks: Kotak Mahindra Bank (KTKM.NS) (JII 5th Largest Investment), India’s fourth largest private sector bank by market cap. ‘It was founded by Uday Kotak, a self-made man, who has been building a finance and banking franchise for the last 25 years,’ said Lim. ‘He has built a professional, competent team and it has grown steadily in the face of a lot of competition.’ India remains a challenging backdrop in the wake of a cyclical downturn and an ineffective previous government. Last year’s election of Narendra Modi’s Bharatiya Janata Party (BJP), which pledged to embark on wide-ranging economic reforms, raised expectations that it has struggled to keep a lid on. ‘The government is more business friendly, but while the economy has recovered somewhat, it’s still going through a natural course of growth and contraction,’ said Lim. Many of the policies implemented by Modi need time to work, to the disappointment of those who have ploughed capital into the country but are now becoming impatient for change. Lim is ‘optimistic Among the developments being watched closely is the move towards a VAT-style goods and services tax. ‘It’s not easy to implement because you need agreement between the government and the different states and there’s naturally a lot of tension over tax revenue,’ said Lim. ‘States need to be confident not only that the whole pot will grow, but also that their portion will increase.’ |
Posted at 17/4/2015 13:02 by swsmith20 From the LSE board:SP down on Tata dataTaking a bit of a hit, NII has ~7% in Tata consultancy, hopefully they are reducing their holding. Should blow over. |
Posted at 14/3/2015 19:47 by hpcg jkc147 - the discount, or premium is simply a feature of Investment Trusts. These are close ended and listed. The close ended part means that the number of units (shares) is fixed and the size of the assets managed does not vary as investors transfer ownership by trading shares. Just like other companies additional shares can be created with a secondary offering, and shares can be cancelled by company buy backs. Some ITs do buy backs as a means of managing the discount to NAV. A listed entity can have any share price irrespective of underlying asset value.Open ended vehicles such as funds the NAV of the units is the same as the value of units. Every time someone buys into a fund a new unit is created and new assets purchased. When units are sold assets also have to be sold to pay out the cash. Hargreaves Landsdown has charts which show the discount and premium variation over time. Buying at an unusually low discount and selling at a premium are ways one can get additional returns beyond the underlying performance of the trust. In my opinion the discount here is related to dollar strength and fear of "emerging markets". However India is the diametric opposite of Brazil and Russia as a resource importer rather than an exporter, and has catching up to do on China which is blowing out its infrastructure bubble. In my opinion India could be in a multi-year bull run and Aberdeen are successful managers in Asia. I expect India to become fashionable again and for the discount to close, and likely trade at a premium. |
Posted at 13/3/2015 20:40 by wayneduncan The gap in the NAV is getting wider by the day here. The value of the fund is increasing but the price of buying in is dropping! |
Posted at 31/7/2014 13:48 by m.t.glass I've included NII on a thread showing a dozen UK-listed stocks with exposure to India. |
Posted at 16/5/2014 13:55 by m.t.glass Lots of people focussing on India stocks now thatn the election result is known and is percieved as favourable to investors. Remains to be seen if it pans out that way when other economic issues have to be addressed. Personally I would choose a project-specific stock such as SPL, now that all planning issues are at long last out of the way and construction has begun. But no immediate sign of its price rebounding yet. |
Posted at 02/7/2010 17:57 by blue_max I did not buy NIIW direct but through Selftrade. That probably explains why I did not get the letter sent to warrant-holders in June 2010.Customer Services of Selftrade promised that someone will phone or email me. They sent me a letter about the last date for suscribing but nothing else. NIIW has only one MM and market is very thin. No trade made in most days. Couple of weeks ago, I was offered a price for 2000 warrants. But 2p less for the whole lot. |
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