India Capital Growth Share Discussion Threads

[loobrush] 07/7/2014 15:07

Way undervalued latest asset value over 60p about 27% discount

[loobrush] 18/6/2014 21:57

Still 20% discount and they are to issue subscription shares soon FREE to all holders-YES FREE.
These subscription shares give you the right to buy ordinary shares at a later date at a given price-like a warrant.
Got to be a bargain as these sub shares will be free and can be traded..

[loobrush] 09/6/2014 10:53

This has been overlooked, now at a 30% discount to latest asset value-way to cheap for this Indian Growth Trust-bound to be rerated.

[alokarya] 29/10/2013 18:45

12 months average discount of around 14% compared to the current discount of around 20%. Hopefully, it means it may have further to rise as long as the Indian market is stable.

[alokarya] 17/10/2013 13:58

I did the same around a month ago. Hoping for the discount to narrow with some recovery in Indian stock market.

[nextlink] 15/10/2013 14:38

Well I've bought a few in different accounts.
I'm hoping this is the bottom and it is certainly
moving the right way, fingers crossed.

[alokarya] 14/10/2013 19:58

Discount of over 30% based on the current NAV.

[nextlink] 04/10/2013 17:54

Not invested - however interested due to the long term decline in its share price

I see that Ocean Dial the previous owners of the India Growth Fund have today sold
their holdings in the fund.
This appears to follow on from the MBO of Ocean Dial from Caledonia Investments.
The MBO looks to be setting up in Singapore.

Two announcements today
In the first 818,818 shares in IGC sold by Ocean Dial
Mr Raju Shukla, the Chairman of Ocean Dial Investment Company Singapore Pte.
today purchased 0.46%, with other Directors and managers purchasing lesser amounts.
Appears they bought all 818,818 shares.

On a brief look today it appears Ocean Dial sold a further 1.21% to bring their holding to zero - As announced in a further RNS.
Most of these may be an overhang and depress share price short term.

[bench2] 02/10/2013 16:18

offered at 28.7p with nav circa 40p ... share price 4p off 2009 low point . Rupee pretty bombed out cheapest currency in world on "big Mac " index . Not a bad level to start a small holding , chm just topped up at 30p

[blue_max] 21/4/2010 16:33

Warrants need to be excercised before roughly May 2011. Excercise price 100p Will offer excellent gearing. May be best to wait till the share price of IGC approach 100p.

[mokhan2] 16/3/2010 21:31

Definetely. And the new Fund Manager seems to have given the Fund some energy and direction... should be an interesting year ahead.

[blue_max] 08/3/2010 12:46

good return on ivestment so far. Indian economy, in particular the industrial sector is grwing fast. This fund still is a safe bet

[mokhan2] 22/9/2009 22:39

Bit of buying recently...and the bse has had a healthy rise over the last month... should be a bit of a jump in the oct NAV rns...

[knowing] 23/8/2009 22:16

Hectorp do you have the details on the warrants please?

[lomcovaks] 17/4/2009 15:11

Have bought in today at 33.1p for 15000 shares.

Again, looking forward in the medium term and ignoring short term volatility of the upcoming elections I think the Indian economy will be a real growth story and I'm happy to sit on these for 3-5 years to see where they go but I'd be very surprised to find that they're not up a lot from these levels.

[hectorp] 13/12/2008 14:48

I'm gonna go for these to stick away for 2 years.
might just buy warrants too, but over 1-2 years it will be surprising if they don't at least double.
price 27.5p NAV 42p.

[cybermine] 10/3/2008 15:27

Interesting how there is a bad correlation between the warrant price and and the share price - fair value for the warrants is now 25p at a 94p share price not today's 33p.

[buffin] 04/1/2008 09:29

Continuing to tick up nicely, bringing the warrants up with it.

[buffin] 21/12/2007 09:36

Undiluted NAV 30/11 139.32, so rising price of warrants doesn't look unreasonable. Good share price performance too.

I have some warrants.

[blue_max] 17/10/2007 09:28

I am holding out for the long term. Have done well in the past that way with this type of trusts. And remember that the growth story of India is getting better all the time.

[dennisbergkamp] 11/10/2007 09:11

Thanks Cyb,

Got in at 36 a few days ago..

Lets watch how it goes..
D.

[cybermine] 27/9/2007 08:27

Managed to input numbers in a Black & Scholes model. Volatility is approx 20% and based on approx 4 1/2 years to run and today's opening price of 119p the fair value of the warrants should be 44p