Icg Enterprise Share Discussion Threads

[horseyphil] 15/1/2021 08:22

Trading update on 04 Feb. Huge value being created by chewy and telos alone, with both hitting ath's again yesterday. Positive update should see this move towards and probably through 1000p. Will also top-up if it goes below 900p, but unlikely unless there's a big overall market decline.

[its the oxman] 05/1/2021 17:27

Chewy and telos still look strong, not sure why this is down, will certainly consider buying more if slips sub 900p

[its the oxman] 24/12/2020 11:59

Yes the new emphasis on upping the US exposure should pay off and arguably warrant a much narrower discount to nav. So looks placed to do well. Pound will be up or down at various times, can't see it having massive upside v the dollar but who knows with currency.

[horseyphil] 24/12/2020 11:04

Telos now over $30, so 50% up on 26 Nov RNS. Nice group of US-listed holdings. Management buys suggest they think it's undervalued. Can see a move towards 1000p happening soon, and could even move higher from there depending on the Oct NAV estimate. Will be a bit of a headwind from the rising £.

[its the oxman] 24/12/2020 08:56

Crept back over 900p this morning. Plenty more to go, not sure how much Ceridian they still hold but that's up also.

[horseyphil] 21/12/2020 16:15

The large holding in Chewy on the NYSE has doubled in price since ICGT reported its 31st July results, hitting another ath today. Telos shares have also appreciated substantially since the recent RNS, so the 2 in combination should have given the NAV a big uplift. That augurs well for a good increase in the NAV when they report the figures for October in January.

[its the oxman] 17/12/2020 16:20

Hvpe almost 2000p, icgt feels left behind b6 comparison , think we could move toward 1000p fairly quickly at some point.

[its the oxman] 27/11/2020 12:03

Pushing up, delayed response to nav news perhaps, be nice to run toward 1000p again.

[its the oxman] 26/11/2020 09:48

Positive update today giving a nice little boost to nav.

[rambutan2] 23/10/2020 19:45

Re recent interims: htTps://www.icg-enterprise.co.uk/investors/2021/webcast-of-interim-results-to-31-july-2020/ hTtps://www.hardmanandco.com/hardman-talks-icg-enterprise-trust-2020-interim-results-webinar/

[horseyphil] 15/10/2020 11:18

Yes, especially as sale prices suggest that they are fairly conservative in valuing the portfolio and very few holdings seem to have been badly impacted by the virus. Got to be a great buy if it dips below £8 again. Unlikely but could happen on thin volume. Encouraging to see insider purchases.

[deadly] 11/10/2020 19:06

Still on a huge discount. Strange how the market discounts so much great past performance, but good for current investors.

[deadly] 07/10/2020 18:11

Market likes the results: -- NAV per share of 1,126.9p -- total return of -1.0% -- Ahead of the FTSE All-Share, which returned -17.8% over the same period -- Portfolio began to recover in Q2, +3.2% total return versus -4.1% in Q1 -- Diversified Portfolio alongside top-tier managers demonstrating resilience in volatile markets -- +0.1% Sterling return on the Portfolio; -3.6% local currency return -- +15% average LTM earnings growth from Top 30 underlying companies which represents 47% of the Portfolio -- This compares to -24% LTM EBITDA growth for the FTSE All-Share

[rambutan2] 26/9/2020 03:14

Interview from yesterday: htTps://quoteddata.com/research/interview-oliver-gardey-icg-enterprise-trust/

[skyship] 17/9/2020 10:06

Interims to end Jul'20 due in c2weeks...

[deadly] 10/8/2020 14:57

It's getting a move on now at last.

[its the oxman] 06/7/2020 07:12

Strugglingto break free of 750p for now.

[18bt] 17/6/2020 13:44

Not quite sure why we have an update announcement out at 2pm rather than 7am, but ... Q1 Div of 5p Seems a good performance over the 3 months, including c6 weeks of COVID. I'm sure -7% in local currency terms will bring the sceptics out as being unbeleivable in its literal sense, but as I've pointed out it is weighted to sectors less affected by COVID than typical PE Detailed assessment of values on 84% of portfolio and they are not saying that there won't be a further COVID effect So I think we have to take the statement at face value.

[its the oxman] 08/6/2020 14:15

Feeling more likely to see 900p than 700p now.

[its the oxman] 04/6/2020 09:26

Would love to double up here. So hoping to see 700p again. May need some luck and a few down days.

[18bt] 26/5/2020 10:19

Small top up as significant worldwide exposure - only 27% UK. Relatively gloomy on the speed the UK is opening up, but talking to a few people in Europe, that feels much better. Under exposed to leisure/industrials and decent amount of healthcare and education.

[rambutan2] 01/5/2020 01:59

The well presented results presentation: htTps://www.icg-enterprise.co.uk/media/1504/jan-20-results-investor-presentation.pdf

[18bt] 30/4/2020 07:48

Delayed share price bounceback. The market does seem to be looking longer term through this crisis now and adopting less a domestic focus. Who knows whether Mr Market is right...

[its the oxman] 28/4/2020 10:39

Also probably a great time for them to reinvest while valuations have come back.