Price (GBX)
50.00 -%
IGCORD 1P
Track
Open / Last close
50.00 / 50.00
High / Low
50.00 / 50.00
Bid / Offer
50.00 / 50.60
Turnover
£22,395.50
Special Condition: -
Trading Status: Market Close
As at 01.06.20 21:21:15 - All data delayed at least 15 minutes

India Capital Growth Fund Ltd instruments

Select instrument to view
Equity (1)
Code Instrument name Price Change Type Documentation
IGCORD 1P50.00
GBX
-Equity-

Price information

What's this?
Open price
50.00
Previous close price / date
50.00 / 01 June 2020
Volume
321,066
Turnover
£22,395.50
52 week range
32.20 / 92.60
YTD return
-29.18
1 year return
-45.41

Instrument information

What's this?
Instrument market cap (£m)
56.25
Earnings per share
-0.13
Dividend (yield)
- %
Issue date
22 December 2005
ISIN
GB00B0P8RJ60
SEDOL
B0P8RJ6
Market identifier code (MIC)
XLON
Country of share register
GB
Market segment
SET3
Trading service
SETS
Date Time Price CurrencyVolume Trade ValueTrade type Trade flag MIC
01.06.20 16:35:03 50.00 GBX 5,000 2,500.00 UT - XLON
01.06.20 16:18:17 50.45 GBX 5,000 2,522.50 Off-Book - XLON
01.06.20 16:16:06 50.48 GBX 365 184.23 Off-Book - XLON
01.06.20 15:51:59 50.38 GBX 2,000 1,007.52 Off-Book - XLON
01.06.20 15:39:23 49.92 GBX 3,786 1,889.97 Off-Book - XLON

Equity Research

from India Capital Growth Fund Ltd
Needs more time

India Capital Growth’s (IGC’s) board is asking investors to back a continuation vote scheduled for 12 June 2020 and it is important that shareholders make their vote count. COVID-19 has depressed valuations to levels not seen since the financial crisis. The managers see substantial upside when market confidence returns and are asking for more time to deliver that. The board believes shareholders should support continuation. This reflects their confidence in the measures taken to t

View report
Needs more time

India Capital Growth’s (IGC’s) board is asking investors to back a continuation vote scheduled for 12 June 2020 and it is important that shareholders make their vote count. COVID-19 has depressed valuations to levels not seen since the financial crisis. The managers see substantial upside when market confidence returns and are asking for more time to deliver that. The board believes shareholders should support the continuation of the company. This reflects their confidence in the measures taken to turn performance around, which we discuss in this note. When small and midcap valuations return to trading at long-term average valuations, IGC’s share price could improve meaningfully.

View report
Third Quarter of 2019

There was palpable shift in sentiment over the third quarter with the cautionary undertone perhaps best reflected by gold’s resurgence. Ongoing trade jockeying between the US and China did not help the mood and neither did the Argentine debt default in August. At the real economy level, manufacturing output has been trending lower across some of the major global economies.

View report
Discounted value

India Capital Growth (IGC)’s portfolio was trading at just 12x estimated earnings for the year ended 31 March 2021 at the end of August. The manager says that when it last hit that level, in August 2013, IGC delivered a 197% return in sterling over the following three years. Indian stocks have begun to rebound since the end of August but there could be much more to go for and there is scope for IGC’s discount to narrow further.

View report
Discounted value

India Capital Growth (IGC)’s portfolio was trading at just 12x FY21 earnings at the end of August. The manager says that when it last hit that level, in August 2013, IGC delivered a 197% return in sterling over the following three years. Stocks have begun to rebound but there could be much more to go for and there is scope for IGC’s discount to narrow further.

View report
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