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IGCS India Cap S

4.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
India Cap S IGCS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
4.00 4.00
more quote information »

India Cap S IGCS Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

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Posted at 07/6/2016 10:51 by loobrush
POSSIBLE 100-200% GAIN IN A COUPLE OF MONTHS
These subscription shares carry the right to subscribe to shares in Indian Capital Growth at a price of 61p in August this year.
Currently Indian Capital Growth (IGC) Shares are 61.5 - 62.5

Their Net Asset Values per ordinary share as at 3 June 2016 was 83.63 pence

So at the moment as (ii) the share price is at a whooping 32% discount to assets

The subscription shares can be bought for 3 p at the moment.

The Indian market is on a rise and asset value of IGC could rise quite sharply with it, that coupled with a possible Brexit and the drop in sterling would mean a further rise. So for a 1p rise in IGC should see an equivalent rise in the subs (IGCS) .
So in a short time scale a 3p + rise in IGC is not out of the question-giving a possible 100%s rise in the subs (IGCS)

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