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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.61% | 165.00 | 161.00 | 166.50 | 165.00 | 161.50 | 165.00 | 109,641 | 11:00:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 4.55M | 3.77M | 0.0432 | 38.19 | 144.25M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/4/2024 10:42 | Interesting that the BSE Small and Mid cap have now returned to their recent highs. Our NAV still to fully recover but the move from a premium to the more normal discount is the reason the share price is so far from the highs. | melody9999 | |
04/4/2024 08:08 | I think it's benchmark is Mid cap. But it invests in small and mid cap. | investingdad | |
04/4/2024 07:23 | Is this small cap focused? | robertball | |
21/3/2024 17:01 | i was fortunate to make an initial purchase at 145 having been watching from 180+. Happy to hold on to these and it goes to show why a decent watchlist can offer some rare opportunities. | pyemckay | |
21/3/2024 15:46 | Rarely does the market present such no-brainers as my Tuesday purchase at 144p! | buoycat | |
20/3/2024 11:16 | 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. | disc0dave46 | |
20/3/2024 09:57 | Disagree share price 224. Anyone listening to Gaurav Narain speak - as I did live and virtually - would hear his passion for India and understand some of the drivers behing the growth in Indian companies that ICG are invested. And actually you would have done well to follow the company's treasury transactions. Selling at a premium to NAV a month ago when the share price was in the 180s. Now starting to buy at a 10%+ discount with the share price in the 140's. | melody9999 | |
19/3/2024 22:46 | I presume they just sell shares in the companies that they invest in, sufficient to cover the buyback. In the recent buyback they make a gain of 3% | bigboyblue | |
19/3/2024 21:48 | I'm not sure how they fund the buyback | buoycat | |
19/3/2024 16:02 | 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 ! | buoycat | |
19/3/2024 14:26 | 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. | elric3 | |
19/3/2024 13:58 | Is redemption only every two years? | loss-leader | |
19/3/2024 13:19 | 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. | bigboyblue | |
18/3/2024 10:58 | Some fund person selling down | johndoe23 | |
18/3/2024 10:40 | 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. | buoycat | |
15/3/2024 16:33 | I've added a few more at 151.24p, disc to nav is now -11.58%, year average is -5.53% nav is slightly up past 2 days too (edit) | martincc | |
15/3/2024 13:16 | Buying opp around 145p maybe | johndoe23 | |
14/3/2024 09:17 | Can buy loads way below ask, not usually a great sign | johndoe23 | |
13/3/2024 16:28 | why do they keep flogging treasury shares when the buyer can pick them up in the market and probably cheaper? | davemac3 | |
13/3/2024 16:12 | A useful article which may explain the sudden drop today. The other looming factor is the forthcoming general election. I'm no expert on Indian politics, but I'm guessing if Modi retains power that will be seen as positive. | bigboyblue |
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