India Capital Growth Share Discussion Threads

[tiltonboy] 10/2/2018 17:31

The NAV is 116.65, so a fall of 11.75% from peak. The discount having narrowed to around 4% has widened back out to 7.5%

[buoycat] 10/2/2018 16:28

The NAV has fallen from a high of about 132 to 120, a fall of 9%. The share price has fallen from ca. 120 to 102. A fall of about 15%.

[bigboyblue] 07/2/2018 08:02

It's not just a case of the discount narrowing so much, many of their investments have had a really bad month. I've checked the performance of their top 10 or so using the BSE website and many of these investments have fallen by 10-20% in that time (Dewan Housing, Federal Bank etc etc). But if you look over the medium term IGC have performed better than the main alternatives.

[buoycat] 05/2/2018 00:27

As a holder of these since the beginning, buying my original slice at 100p and topping up as low as 24p I was surprised how the discount narrowed so much recently. The fall back is not really surprising

[skyship] 03/2/2018 16:47

Thnx to eeza on the RGL thread for posting this link – after the 666pt fall on the DOW yesterday this suggests Monday might be an interesting day across all financial Markets!
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“In a late Friday press release - one which is certain to exacerbate today's selloff when markets reopen on Monday- the Fed said it would bar Wells from expanding its assets beyond their end-2017 level until it "sufficiently improves its governance and controls."

“As a result of Yellen's "parting gift" which came after today's market bloodbath which in point terms was the biggest Dow plunge since the financial crisis, even greater than the US downgrade in August 2011, WFC shares plunged a staggering 8% in after-hours trading now that the Fed appears to also be finally a regulator as well.”

[andyj] 02/2/2018 16:59

He is a investor I have huge respect for, but with large positions in this CARD and CVR, he's had a nightmarish month.

[loobrush] 02/2/2018 14:24

Price drop I think caused by move to main market from aim so any aim only funds that held possibly selling by the looks of unusually high volume. I am holdingas am sure will bounce back in relatively short timeframe as is an excellent fund.

[andyj] 02/2/2018 13:15

Wtf is going on here? I bought them two days ago and they fall 9%

[0x3f] 27/1/2018 13:05

Thanks, I'll add this one to my list of potential candidates.

[skyship] 27/1/2018 12:15

Ox3f - I was looking at the holdings of a top-performing trust, forget which, which showed 5% of the portfolio invested in IGC. IGC has seriously out-performed ANII & JII over recent times; though from 2008 they massively underperformed!

[0x3f] 27/1/2018 00:27

Sky, interested in you rationale in chosing this over anii or jii? Given the lower charges / discounts in the other trusts. I was looking at anii, though holsing off for now.

[andyj] 26/1/2018 14:16

NAV down another 3% today.

[skyship] 26/1/2018 12:52

Was lucky enough to trade out at 116.8p on Wednesday....will wait and assess further which vehicle to follow into India. This may well be the one of course, just my timing rather poor...should have bought as soon as Modi was installed!

[tiltonboy] 22/1/2018 20:22

I paid 70p just over 16 months ago, when they were on a 22% discount. Have been top-slicing recently on a 5% discount.

Looking at an Alcuity fund now.

[martinthebrave] 22/1/2018 18:08

SKYSHIP I think you have been a little unlucky. I bought in early November and enjoyed a ride up of around 15% by Christmas. It has come off a little in the past week but if you switch the "Law of Sod" says the 2 funds will reverse trends! It's hard to know what is going on within these Funds. I think the longer term trend is good enough to stick with it for a while?

[loobrush] 21/12/2017 17:44

Move to main market-intended to bring in other inst investors ?
Could narrow discount further,great share to hold.

[wtacraig1] 20/12/2017 12:52

Picking up nicely. Discount closing.

[wtacraig1] 30/11/2017 12:16

That should read as Q3 performance

[wtacraig1] 30/11/2017 12:13

India GDP makes impressive comeback in Q2 at 6.3% after previous 5.7%.

[its a worry] 13/10/2017 09:26

Will £1 become our new support level . . . ?

[a0148009] 12/9/2017 16:59

Yes and still potentially higher with closing of the discount to NAV.

[loobrush] 12/9/2017 09:59

This is moving up nicely at the moment and has done very well over the last couple of years.If you are in India this is an excellent fund to be in.
200% over 5 yrs-luckily I have a fair holding.

[its a worry] 30/8/2017 14:48

Well that's taken off like the Indian rocket to Mars . . where they are going to find water and set up a tea stall before everybody else arrives . . luvvly jubbly . .