India Capital Growth Share Discussion Threads

[loobrush] 07/10/2016 15:22

Investors beginning to see the value and potential here,perhaps this is the start of discount tightening as well,if so could well see a 10-15% gain on this alone.

[luckymouse] 07/10/2016 15:12

Discount is widening cos nav is climbing hard - so good bet I reckon

[buoycat] 06/10/2016 23:58

Well it hasn't narrowed for years. I've been a holder since the beginning

[loobrush] 06/10/2016 10:16

Asset value getting near a £1.00 now and share price starting to respond to this. I am still amazed that discount to assets is so large, a great bargain in my view adn surely the discount will narrow as more investors cotton on to this.

[its a worry] 06/10/2016 09:59

Seems to be continuing in an upward direction , is now higher than any point since 2008 .

[its a worry] 07/9/2016 10:12

The Nifty running at all time high . . . . .

[loobrush] 27/8/2016 15:41

Its just had subscription taken up of all sub shares at 61p raising £20 million extra funds, might take a little time to invest these and make a profit.
However spoke to Chairman and he thinks extra liquidity will reduce discount from current 20% plus level to nearer 10%.
Definitely a hold and if you don't have a buy.

[its a worry] 27/8/2016 07:33

Just pushed above that 70p line that's been the limit for so long . .

[its a worry] 06/7/2016 09:26

I did a 6 month tour of India last winter , travelling by train through 10 states . . . . my long winded previous comments on trying to get the correct price on anything still hold firm . . .but what we did see , everywhere , was construction . . .dual carriage ways and even motorways , high speed rail being layed right across central and northern India . . in Calcutta we stayed in an entirely new city with high rise and shopping malls, that has been built between the old city and the airport . . .the atmosphere , generally speaking , is one of modern progress bursting at the seams , albeit in a very Indian way . . the Hindu population are very happy with Mr Modi and i witnessed a prosperous and upbeat country surging ahead into the 21st century . . . . . there is still desperate poverty , but the ladies walking down the road balancing bundles on their heads , the guy selling fruit from a table in the market . . .these people all have mobile phones . . lets not underestimate the changes taking place here . . i think we are well placed in this fund .

[loobrush] 01/7/2016 15:33

Still way undervalued and at huge discount with Indian market on a fast rising trend-check it out, its been missed by the market at the moment.

[its a worry] 16/5/2016 19:40

Movin up now . . . .

[loobrush] 06/4/2016 12:31

Discount to assets now 40% way to cheap.

[mangal] 19/3/2015 09:44

Still on a relatively big discount to NAV and looks like more cash is coming their way:
"...August 2015 could be the first opportunity the Company has to increase its share capital by 50%, through the exercise of the subscription shares (at a cost price of 61 pence per share) ...
the Board may decide to call for an earlier exercise of the subscription shares prior to their official expiry, in order to increase the size of the Company's assets at an opportune time to further invest into Indian equities"

From the Final results:

[mangal] 13/3/2015 09:39

Discount to NAV seems rather too high when compared to other Indian ITs.
Yes, I know, there are a large amount of sub shares in issue but that is accounted for in the published NAV.

[buoycat] 12/1/2015 23:26

Not sure I'd call this share a top performer. I initially invested at 100p per share. Topped up all the way down to 24p so nicely in profit now

[loobrush] 08/1/2015 18:38

Asset value still at large discount here but some funds taking large position in this top performer. Wouldn't be surprised if the discount narrows soon. Irrespective of that this should do very well again this year. Its a great share.
India index up 3% TODAY.

[its a worry] 28/10/2014 09:16

I agree loobrush,in fact through western eyes India is insane,but that is not to say it doesn't work , because it does. India was largely stuck in Victorian times when it came to the industrial revolution,but with IT they are very much with the front runners who are leading the way . Computer technology is something India has taken to like a duck to water ,and of course thanks to us they have the language to go with it . . . .however this does not mean they are going to give up the time honoured technique of slapping a way over the odds price on everything and sitting back to see what happens .
So i am going to sit back as well , if this is an Indian fund run by Indians the pricing will be Indian , that shouldn't stop the value of the share price from rising as real value , which we will never know , does indeed increase . My concern is this .. . this fund performance roughly relates to the Bombay Mid cap index ,which in turn roughly relates to the performance of the Nifty . Despite the fact that this fund is made up of solid companies, and is well managed, it may be affected by global markets should there be a major downturn in Europe and the US. India suffered along with everybody else in 2008 and the de-coupling from western economies has not yet taken place . . apart from that i'm not worried .

[loobrush] 27/10/2014 10:41

Net assets now 68p price 51p

That's 33% discount.
Well this trust may always have a discount but 33% that's just insane.

[buoycat] 26/10/2014 13:28

I've held these since almost the beginning. Paid 100p for my first lot. They have always traded at a substantial discount to nav. Not sure that's set to change

[its a worry] 17/10/2014 18:27

Something has occurred to me regarding these net asset values . . . . i have some experience of India , six visits having given me over 2 years in the country . . . in India there is no such thing as a fixed price . Every thing is negotiable, and as a foreigner , even if i haggle and bargain , i know i will be paying an extra "tourist tax" , on foodstuffs from the market , to clothes , to the rent of a room or the price of a taxi fare . The locals will haggle , but only the truly local will get to the going price , a Punjabi in Maharashtra will get it down to the "out of state Indian" price.
I could be wrong but as we are dealing with small and medium Indian domestic business here , who know they are open to the global market , i do wonder if we are in the bartering side of the Indian nature,at which they excel . . . i once spent over a week , going in once or twice a day and leisurely haggling with a Kashmiri , who ran a tailors , over a pair of trousers i wanted . We had cups of tea ,discussed the world situation , our families and religion , it was very entertaining and enjoyable , on the day before i was due to leave i felt great satisfaction at having knocked him down more than 50% from the original asking price . As i handed over the money i knew from the gleam in his eye and the massive grin i had paid way over the odds , and without being Kashmiri myself i would never know the true cost of those trousers . This is just a thought .

[loobrush] 14/10/2014 13:13

Current discount is 32% with asset value 66p share price 50p.

Miles too cheap and even 18% below long term average discount.

Will surely be re-rated shortly.

[loobrush] 06/10/2014 12:53

Still v cheap asset value now 66p ----27% greater than share price.
A raging buy.

[loobrush] 01/9/2014 22:29

Should get much nearer asset value in my view.

[its a worry] 01/9/2014 16:34

Following MTG's links on the India page i have bought some of these today .

[loobrush] 22/8/2014 16:43

Still well undervalued, in my view will catch up with asset value soon at over 60p