Share Name Share Symbol Market Type Share ISIN Share Description
India Cap S LSE:IGCS London Ordinary Share GG00BGLCWK02 SUB SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 4.00p 0 06:30:08
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

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Date Time Title Posts
28/7/201616:46India Capital Growth Subscription shares at a discount8

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loobrush: Well subs nearly up 100% and going strong,however the ordinary shares asset value is well up as well at 97.68p now. The indian stockmarket is really shooting up and this has given the rise to the ordinaries and the subs. When I started the thread (7 th June) the ordinary shares asset value was 83.65p it is now 97.68p-that's a 14.03p rise. The ordinary shares and the subs have not risen the same ( ordinaries only 4.25p and the subs only 3p). So their is still about whooping 11p difference between the increase in assets and increase in share price. In my view should at some time be a very big jump in boththe ordinary shares and the subs to catch up. This could really take off in the next couple of weeks and the subs could double again. Lets see.
loobrush: At today's date 29 June-asset value has risen to 93.4p(that' up 12%) and fully diluted 81.77 so if all subscription shares are exercised the discount of the ordinary shares at today's date of 65p would be 16.77p or 25% Both the ordinary shares and subscription shares are still way undervalued at present. The subscription shares are being issued to enable the trust to invest more and make the trusts shares more widely available and tradeable which the trust considers would significantly reduce the discount to a more reasonable 5-10% discount at most. This would equal a price of appx 73p for the ordinary shares. Should the discount narrow to this or the asset value increase in the next few weeks this could give rise to an 8p rise in the ordinary share price. Currently one should expect that for every 1p rise in the share price the subscription shares rise by 1p which if the ordinary did rise by 8p the subscription shares should rise by the same to 12.5p. Currently the sub shares ,which are up 50% since I started the thread on 7 June are 4.5 p, however my view is that they could well be 100 % + higher by August. Still a great buy.
loobrush: POSSIBLE 100-200% GAIN IN A COUPLE OF MONTHS These subscription shares carry the right to subscribe to shares in Indian Capital Growth at a price of 61p in August this year. Currently Indian Capital Growth (IGC) Shares are 61.5 - 62.5 Their Net Asset Values per ordinary share as at 3 June 2016 was 83.63 pence So at the moment as (ii) the share price is at a whooping 32% discount to assets The subscription shares can be bought for 3 p at the moment. The Indian market is on a rise and asset value of IGC could rise quite sharply with it, that coupled with a possible Brexit and the drop in sterling would mean a further rise. So for a 1p rise in IGC should see an equivalent rise in the subs (IGCS) . So in a short time scale a 3p + rise in IGC is not out of the question-giving a possible 100%s rise in the subs (IGCS)
India Cap S share price data is direct from the London Stock Exchange
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