India Capital Growth Share Discussion Threads

[its a worry] 09/8/2017 09:57

Looks like we're heading down into a top up area , finally . . not today though , the Mid cap index is still dropping like a stone . .

[brwoody84] 22/6/2017 12:25

Guys, I am split between investing in this fund and Greatland Gold - any advice?

[ip99] 24/5/2017 12:08

Interesting that their published daily net asset value estimate has gone down from 115p to 108p in under a week. On that basis the discount isn't so big now - but I'd rather they'd achieved it with more increases in share price rather than decrease in nav!

[buoycat] 17/5/2017 10:13

I've held these for years. The gap hasn't closed yet...but I think India is just getting started

[its a worry] 15/5/2017 15:38

I've been waiting to buy on a dip . . . bloody thing just keeps going up . . . still a 20p gap on the Nav , i'd like to buy some more before that closes , if it ever will . .

[euclid5] 03/4/2017 10:19

below is the web link to the recent broker report

hxxp://quoteddata.com/2017/03/india-capital-growth-full-steam/

[clausentum] 30/3/2017 08:19

Thanks to Questor for a nice jump in the SP!

[tiltonboy] 15/3/2017 07:15

The discount should narrow, but only after a period of consistent performance. Somewhere in the region of 12% would be more appropriate.

[buoycat] 14/3/2017 22:24

Personally i think the chance of the discount narrowing is slim. I've held these since the beginning buying at 100 and then topping up down to as low as 24p. The discount has always been wide

[killing_time] 14/3/2017 19:04

Been buying these since start of year thinking 2017 will be a good year for India then last week started to notice the cup and handle forming on the charts. Today it looks like we have breakout so I think we could be about to see a nice run on the share price

[its a worry] 14/3/2017 09:53

Modi has done alright in the elections . . .Indias teeming millions accept digital currency with a wobble of the head and a smile that could mean anything . . .and the share price ticks up to the highest point in 7 years . . . we could be headed back to the original offer price . . .

[tiltonboy] 08/3/2017 15:53

Give Tim Adams the IR guy a call.

[twixy] 08/3/2017 13:58

Interesting re broker rounds - thanks for the update tiltonboy.

[tiltonboy] 08/3/2017 10:59

I think its only a matter of time before the discount narrows, but in the meantime, good NAV performance should still see the price push higher.

They are trying to improve visibility, and did the rounds of brokers in the Autumn. Hopefully others will pick up on the opportunities here.

[twixy] 08/3/2017 09:55

The discount keeps widening here - looks like 22% at the moment; hopefully IGC will get noticed soon and the discount shrinks accordingly!

[galeforce1] 09/2/2017 11:52

This seems to be rising faster than JP Morgan India trust (JII), and the discount is bigger. Almost 20% here.

Is the investing style significantly different from JII? Maybe smaller cap stocks?

It might be sensible to put half of what I have in JII into IGC.

[its a worry] 11/1/2017 16:41

Well , India is a place of mystery and taking out the equivelent of all the ten and twenty pound notes , 86% of the currency , was downright bizarre . . . still the wobble it caused seems to be leveling out . . .hopefully we can carry on now .

[its a worry] 04/1/2017 09:00

Not sure if we're out of the woods yet . . . . there were some big trades at the end of the day yesterday , not sure if buys or sells , but given the mess caused by demonetisation it could be too early for a rebound .

[its a worry] 18/11/2016 09:15

Absolute chaos been caused by Modi's removal of Rs500 and 1000 notes in the effort to clean up the black market . . major indices still dropping this morning . . i expect this to rebound sharply once when the chaos of the notes resolves itself .

[loobrush] 24/10/2016 13:07

Yep still going very well at the moment now over the £ and moving very nicely, am hoping discount can get tighter than 10% we shall see, although has done very well last few months.
The subscription shares offer a couple of months back at 61 p has been a winner.

[its a worry] 24/10/2016 12:52

Thanks , that research backs up your comment in August . . . .since when we've seen the share price storming ahead , faster than a stationary bullock cart . . .!

[coincall] 11/10/2016 12:11

IGC correction ;)

[its a worry] 11/10/2016 09:13

In India they have a saying . . ."oh yes sir , in India everything is possible" . . . of course you don't always get what you were looking for . . . but in the case of IGC things do seem to be moving in the right direction quite nicely , so i've bought a few more .

[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.