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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 168.00 | 167.00 | 169.50 | 169.00 | 165.00 | 169.00 | 212,908 | 16:35:13 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 4.55M | 3.77M | 0.0432 | 38.66 | 146M |
TIDMIGC
India Capital Growth Fund Limited
21 October 2016
India Capital Growth - Update research from QuotedData
21(st) October 2016
India at a significant discount
In August, India Capital Growth (IGC)'s subscription shares were converted into ordinary shares. This increased its net assets by 29.2% before costs. IGC's manager believes that this expansion should improve liquidity in the company's shares and lower its ongoing charges ratio. However, IGC's manager points out that despite these positive developments, an improving outlook for India and superior performance relative to its immediate peers, IGC's discount has widened both absolutely and relative to its peer group. The manager feels that this is not justified and sees a number of potential catalysts for it to narrow, particularly if IGC continues to grow and passes the GBP100m market cap threshold (GBP91.5m as at 20 October 2016).
Full research:
http://quoteddata.com/2016/10/india-capital-growth-india-significant-discount/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: this note has been prepared for India Capital Growth Fund by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUAAORNOARUAA
(END) Dow Jones Newswires
October 21, 2016 09:15 ET (13:15 GMT)
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