Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To provide long-term capital appreciation by investing in companies based in India.
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IGC down 17% in a week, bit of a tumble....
My jupiter india also down from 2.52p to 2.30p.obviously india stock mat]rket down.I bought in here today.
I’m in the same boat. From what I’ve read around the Indian Stock Market a pullback was apparently expected, before moving up again.
I don’t think it is specific to IGC or due to any change in its fundamentals, IMO of course.
Hi there - recently bought some of these and they were doing well for a few weeks but dropped the past few days - any thoughts? Cheers
Rocketing up, and unlikely to, but a steady gainer.
And an all time high reached today- 167p
Cottill
Yes, that's a strange one. I can sell IGC but I cannot buy them.
Re Halifax-
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For some reason Halifax share dealing have stopped trading IGC, anyone know why?
Yes indeed. The rise has been more than welcome. I have been purchasing monthly since late May and I am currently up 15%. The next lot will be my last, it does appear to be a little bit bubbly...
Bought some of these a few months back. They’ve been spectacular so far. Well worth the 2% ongoing charge as they have outstripped my other 6 Indian funds which have all done well. The fund managers appear to know what they’re doing here……
I wouldn't criticise anyone for banking a profit, but remember the redemption facility in December should continue to support the share price for the next few months.
I have banked profits today.
Did not see I posted here 6 months ago in November.
Sold my holding for 135p.
Low on cash and this the best it has been .
Bought them 28/9/2017 for 98.25p.
Might come back in if looking to invest spare funds in future .
15/4/20 I see a low of 33p .
Hope there for my other losers.
6 year wait .
This got a big thumbs up on city wire, but it just doesn’t seem to mater what region trust operate in they all seem to under form in this environment. Having said that this looks better than most, but with country forecast to snatch third place in world economy with 6 percent growth it doesn’t say much for other countries. I like that fact that they only have 11 percent leverage compared to uk , a staggering 85 percent! Will certainly help a watch as I would love to get some exposure to Indian economy having visited recently and seen for myself the massive infrastructure expansion. Puts our pathetic endeavours to shame
https://citywire.com/investment-trust-insider/news/don-t-miss-india-s-growth-has-only-just-begun/a2410112
2023 is shaping up to be a bonus for pigeons whereas 2022 was as a statue
Bought these on 28th September 2017 for 98.25p
I was unable to sell them with broker ( D ) last few weeks , was to busy to send an e-mail as to why .
I was able to place a trade order today above the mid price of 131p above shows a 5% spread .
Important opportunity to see and hear more at this time . Pleased it is still going ahead and they are presenting.
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-14092022
Lilian Nandi ‘slams’ India Capital Growth Fund (IGC) in the latest PIWORLD/Stockopedia StockSlam at 24m26s
Watch the video here: https://www.piworld.co.uk/education-videos/stockopedia-piworld-stockslam-april-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/stockopediapiworld-stockslam-april-2022/
I emailed the company and this was included within the answer: The Redemption Price per share will be equal to the aggregate cash received by the Company upon the realisation of the Redemption Pool (which is based upon the Net Asset Value of ICGF at 31 December 2021) less the Exit Discount of 6% divided by the aggregate number of Redemption Shares.
I don’t believe it clearly answers your question but it may be worth contacting them direct .
If I were to use the year end redemption offer (NAV -6%), does anyone know which NAV is used? The "normal" NAV or the Net Asset Value per ordinary share before Indian CGT deferred tax provision?
Thanks in advance.
The company are offering a share redemption at an exit discount of 6% on 31/12. My belief is that it would be in my interests not to accept their offer as hopefully share value will increase post this action. I would welcome a more expert view .
This article caught my eye.
https://www.firstpost.com/business/indian-economy-in-recovery-mode-from-covid-19-crisis-says-world-bank-president-david-malpass-10053401.html
I've dipped a toe in with a purchase for elder son in his ISA. It has been interpreted as bargain executed on the "sell" side.
India is expected over the next decade to become the 3rd largest economy but has rather been overlooked by global investors preferring China.