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To provide long-term capital appreciation by investing in companies based in India.
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It seems that the purchase of 15,000 shares by the Chair is responsible for the 6% rise in today's SP?
Would a few more Board members please show their confidence by buying shares
Disappointing but mid caps always drop more than the big companies, SP 20% down on NAV
Would some professional investor who has the time and expertise please draw a graph comparing the Company’s NAV with the Mumbai index of the top 100 shares. Especially considering the weakness of sterling the Company’s investments have not been a success
Did I see today a story that Trump is/has tearing up/torn up the trading agreement with India ? Not good for us if he has, I fear
though the NAV is only around 96p. Election results are on Thursday so perhaps there is a post-election boom in the offing. If the NAV can go back to 105p this is one of the best plays around.
The NAV has fallen about 7% in a month
Hopefully things will get better after the election, but it’s disappointing at the moment
NAV is 103+, so why the 3% drop in the sp? Is s s there a dividend?
bottomed?........
some chunky buys this week.
Good to see a 4%+ lift his morning, albeit on relatively small volumes
78p today at one stage
View now is 'hold'
We hit a new low for a year today at 81p. Is this due to exchange rates for the pound/rupee? Disappointing but I am still a buyer
We have added to our holding as whatever the board do the manager is picking stocks that will rise considerable as the india market will improve.greatly.
They probably want to open the trust up to institutional investors who do not have a remit to trade on AIM.
Over the last 2 months, the SP has fallen from 119p to 93p (26%) while the estimated NAV has fallen from 129.44p to 111.68p (14%). There has been talk of changes in Indian capital taxes, but we'll have to wait until this coming Thursday 22 March for the announcement of annual results for more clarification
This investment trust has an excellent investment manager. However I do have my doubts on the the Board running this excellent investment trust. I can see no advantage to a listing on the main market which is currently being considered and I do not believe it is in the interests of the shareholders. The disadvantages of a main listing are:. Stamp duty would be become payable when shareholders make further purchases. Inheritance tax would become payable on holdings in India Capital Growth Fund (at present exempt on Aim if held for two years) Higher regulatory fees There is no precedent that the discount to net asset would narrow on the main market. I hold two further main market Asian based investment trusts with discounts in excess of the discount on the Aim listed India Capital Growth Fund. I am almost certain the Aberdeen New india Investment Trust is on the main market and that is on a higher discount to net asset value at today's date.
Has moved on to 98p and doing well. India is the place.
Moving up very nicely ,most investors seem to have missed the fact that the Indian stockmarket is doing extrmely well and set to do so for some time-asset avlue here over 110p and expected to narrow discount to near this.
Bid 76, Ask 77.50, Share Price 74.5. Ha ha LSE Open 76.5 High 76.75 Low 76.50. Share Price 74.5.
Close shows 74.5 when it is 72/73.5.
http://www.iii.co.uk/research/LSE:IGC/news/item/2153558/update-research-quoteddata?context=LSE:IGC
Assets increasing to near £1.00 and share price ticking up niceley, also benefitting from weak pound.
Looks like IGC now beginning to retate nearer to asset value of 96p.
I have osred a couple of times regarding this trust which keeps rising. It recently raised extra funds which it has put to use. Assset value is now about 93p whilst share price is 72p. Assets are 30% above share price. The fund managers are doing a great job and at some point it will be recognised that that discount is too large and it will reduce to nearer 10-15%, a bit of press could even do that as the focus swings to India which is going great guns. I would reccomend this share to for growth potential in a fast grwing country. Just look at past share performance.
This Indian trust is a great share to have and the managers have performed excellently. Starting to move up now with the Indian market but still at a huge discount to assets of 30%.The trust has been hardly ever mentioned in the press but I think it will be as discount is still to large and this will be pointed out, at which time discount will narrow-could easily jump 10 %-15+ it that happens,in the meanwhile its is steadily increasing in value. A great buy in a booming market.