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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| India Capital Growth Fund Limited | IGC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 168.00 | 08:36:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 168.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
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 19/12/2023 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 14/9/2023 09:30 by arja IGC chart shows that still in uptrend although consolidating in recent days but virtually a NOR situation. I only like to trade stocks or keep for a short while if NO SD stocks like this one. Not keen on a very small discount to NAV which could be dangerous if Indian indices turn down sharply as discount might then widen |
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. |
Posted at 08/4/2022 09:53 by tomps2 Stockopedia/PIWORLD StockSlam - April 2022Lilian Nandi ‘slams’ India Capital Growth Fund (IGC) in the latest PIWORLD/Stockopedia StockSlam at 24m26s Watch the video here: www.piworld.co.uk/ed Or listen to the podcast here: hpiworld.podbean.com |
Posted at 10/12/2021 00:27 by daemonfunds For an uncritical overview of £IGC, have a gander at: hXXps://quoteddata.c |
Posted at 27/4/2021 09:30 by aleman IGC investors seem to be selling the bad Indian Covid headlines but new cases and deaths look to have stopped rising in the last couple of days, unless it's a blip in the numbers. NAV has held up fairly well, at nearly 106p. The 15% discount to NAV looks to be getting way too big again if the redemption offer comes in about 5 months at no more than 6% under. |
Posted at 03/3/2021 17:07 by aleman The redemption facility at 6% below NAV was voted through at the June General Meeting. The 10p jump in the share price at the end of May was when it was proposed and since then the discount to the tender/redemption (based theoretically on the prevailing rolling NAV) has been closing at very roughly 1% per month. We are currently about 9% below 6% below NAV and that discount looks set to disappear by year end if the fairly steady rising trend since its announcement continues.-- the introduction of a redemption facility, giving shareholders the right to request the redemption of part or all of their shareholding on 31 December 2021 and every second year thereafter at an exit discount equal to a maximum of a six per cent. discount to NAV per redemption share; |
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