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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Icg Enterprise Trust Plc | ICGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,184.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,184.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/06/2023 | Interim | GBP | 0.08 | 15/02/2024 | 16/02/2024 | 01/03/2024 |
| 27/06/2023 | Interim | GBP | 0.08 | 16/11/2023 | 17/11/2023 | 01/12/2023 |
| 27/06/2023 | Interim | GBP | 0.08 | 17/08/2023 | 18/08/2023 | 01/09/2023 |
| 11/05/2023 | Final | GBP | 0.09 | 06/07/2023 | 07/07/2023 | 21/07/2023 |
| 27/06/2023 | Interim | GBP | 0.08 | 28/06/2023 | 28/06/2023 | |
| 02/02/2023 | Interim | GBP | 0.07 | 16/02/2023 | 17/02/2023 | 03/03/2023 |
| 11/10/2022 | Interim | GBP | 0.07 | 17/11/2022 | 18/11/2022 | 02/12/2022 |
| 28/06/2022 | Final | GBP | 0.07 | 07/07/2022 | 08/07/2022 | 22/07/2022 |
| 21/06/2021 | Interim | GBP | 0.06 | 10/02/2022 | 11/02/2022 | 04/03/2022 |
| 21/06/2021 | Interim | GBP | 0.06 | 11/11/2021 | 12/11/2021 | 03/12/2021 |
| 21/06/2021 | Interim | GBP | 0.06 | 12/08/2021 | 13/08/2021 | 03/09/2021 |
| 28/04/2021 | Final | GBP | 0.09 | 01/07/2021 | 02/07/2021 | 23/07/2021 |
| 04/02/2021 | Interim | GBP | 0.05 | 11/02/2021 | 12/02/2021 | 05/03/2021 |
| 07/10/2020 | Interim | GBP | 0.05 | 12/11/2020 | 13/11/2020 | 04/12/2020 |
| 17/06/2020 | Interim | GBP | 0.05 | 13/08/2020 | 14/08/2020 | 04/09/2020 |
| 28/04/2020 | Final | GBP | 0.08 | 02/07/2020 | 03/07/2020 | 24/07/2020 |
| 23/01/2020 | Interim | GBP | 0.05 | 13/02/2020 | 14/02/2020 | 06/03/2020 |
| 03/10/2019 | Interim | GBP | 0.05 | 14/11/2019 | 15/11/2019 | 06/12/2019 |
| 28/06/2019 | Interim | GBP | 0.05 | 15/08/2019 | 16/08/2019 | 06/09/2019 |
| 15/04/2019 | Final | GBP | 0.07 | 04/07/2019 | 05/07/2019 | 26/07/2019 |
| Top Posts |
|---|
Posted at 04/3/2024 09:27 by donald pond There's a useful Quoted Data puff piece on CHRY worth starting at. I find ICGT and HVPE a little frustrating (HVPE in particular) as they are so diversified that there's little point digging into the underlying assets. Which makes the discounts even more baffling when most markets are not only as all time highs but breaking out. I suppose PE valuations didn't go stratospheric in 21 (most HVPE realisations were at a 100% premium to carry value) or crash in 22, but surely they should be recovering sharply now |
Posted at 02/3/2024 20:56 by apple53 Sky- you are even worse than me. I WOULD take 3% on HVPE (and have taken less when I needed the cash), but on ICGT with STAMP!I also sold APEO early, average 513p. Most of it went into OCI at 443 average, and a bit into CORD (along with some PIN proceeds) which I flipped already to buy (more) ONT at 135. I am sure I will regret the latter. PEIT can be volatile but ultimately you feel so much surer of medium term value than in 'growth' stocks like ONT. Thanks for the buyback discussion Acol and Cousin. I take the points - ie 1) they did as much volume in one day as in the 27 transactions mentioned in the Q3 report for end October; and 2) yes they took the 22p hit to NAV to raise valuable cash upfront, and 3) given price performance since, they may indeed have cleared the overhang. The sacrificial sale ultimately meant that in local currency, they were down more than 1% in Q3 restated, saved by 3% currency benefit from a 5.5% fall in cable. It did mean we have an example of a PE firm selling BELOW carrying value. Hmmm. July to October saw a 10% fall in world MSCI, so serious headwinds, even for conservative accountants. My real time estimate of ICGT's NAV is 2075, with the biggest factor being 45% of world MSCI's increase, partially offset by sterling strength. End Jan MSCI was almost 5% lower than now (though up 16% since October), so I guess I'm thinking around 2020 for end Jan. On the one hand I hate to think how much of World MSCI is driven by META and NVDA, and therefore that accountants will be cautious marking up PE portfolios. On the other hand I'm not building in much for real organic growth, which they normally achieve in spades. I own some ICGT but not enough. If HVPE went up £2 I would switch some. If it's still languishing round here, it has to be worth owning it for Q4 results. If anyone has done any work on their actual holdings and their likely correlation (or lack thereof) with S&P, NASDAQ etc........ |
Posted at 23/2/2024 13:55 by skyship Sold my APEO too early on into the recent rise; but a good turn nevertheless as it hit target pretty rapidly.Want to be back into another PE trust. Looked at HVPE due to the large discount; but hate management as they won't pay a dividend in a poorly disguised desire not to reduce their fees. So, back into ICGT at 1190 versus the Oct'23 NAV of 1959. Discount at c39%; but likely higher as the Jan'24 NAV should be North of 2000p. Hate paying the 0.5% SD! I feel it shouldn't apply in a tax-free SIPP. free stock charts from uk.advfn.com |
Posted at 14/2/2024 15:04 by acol This morning's notification of Companies share transaction must surely have a typo on the date which is shown as 13 January! It must relate to last night's purchase of 340,000 shares? A sizeable value purchase by any standard!ICGT has been struggling to maintain its recent rise to around £12.50 a share. However, rightly or wrongly I remain optimistic that it will soon reflect a more realistic value. |
Posted at 09/2/2024 09:53 by riverman77 Surely these PE 40% discounts are no longer sustainable given global markets have been strong over last year. I can see an argument for why NAVs were too high when markets fell heavily in 2022 and NAV may have to cut back, but equity markets now recovered all those losses. Also, ICGT still realising assets at average 30% uplift. |
Posted at 17/11/2023 18:18 by mancman1 all47fishI keep a record of my investments, a kind of diary which is not as thorough as I would wish. Anyway I find that I first made a modest investment on ICGT on 24th September 2021 and later added more. It is still less than 2% of my portfolio.I didn't record the price, but recorded that its yield was around 2%, and its discount 14%. That was quite a high discount then. Now I believe the average is around 16%, and ICGT is around 35% discount. I remember being first alerted to ICGT by watching a presentation about some under-valued Investment Trusts - I think BERI was another. I seem to remember being impressed by the management's track record, its relatively low risk investment in the secondary private equity market, and its diverse portfolio. I don't think any of those things have changed. For longer term investors it still looks good value. |
Posted at 17/11/2023 08:37 by mancman1 I have just been reading this article by Kepler that was published in October.It reminds me why I first invested in ICGT. hxxps://www.trustint |
Posted at 29/6/2023 07:44 by spangle93 chunky director buy this morning[the buy was chunky, I don't know about the director's physique] |
Posted at 22/3/2023 08:32 by mancman1 I am surprised that you are surprised. Private Equity has been the subject of much comment in the financial press recently - look at the stories last weekend about the falling out on the board of SMT after one non-exec raised doubts about the Board's expertise in handling it. The charts indicate that nothing exceptional is currently happening with ICGT - it has been fairly volatile over the past 6-12 months. The charts for RCP and SMT tell a different story - RCP in particular has been reclassified - no longer seen as a safe place to protect capital. |
Posted at 09/2/2023 07:25 by spangle93 Latest Hardman researchI'm not a top notch investor when it comes to numbers, but unlike Hardman I can spot that it's not 3Q23 ;-) ICGT has consistently generated superior returns, by adding value in an attractive market, having a strategic focus on defensive growth and leveraging synergies from being part of ICG since 2016. Valuations appear conservative, and governance is strong. ICGT focuses on delivering resilient risk-adjusted returns, and balancing risk and reward. The risks are primarily sentiment-driven on costs, cyclicality and the underlying assets’ liquidity. A 37% discount to NAV appears anomalous with ICGT’s performance. |
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