India Capital Growth Fund Limited Update research from QuotedData
October 21 2016 - 8:15AM
RNS Non-Regulatory
TIDMIGC
India Capital Growth Fund Limited
21 October 2016
India Capital Growth - Update research from QuotedData
21(st) October 2016
India at a significant discount
In August, India Capital Growth (IGC)'s subscription shares were
converted into ordinary shares. This increased its net assets by
29.2% before costs. IGC's manager believes that this expansion
should improve liquidity in the company's shares and lower its
ongoing charges ratio. However, IGC's manager points out that
despite these positive developments, an improving outlook for India
and superior performance relative to its immediate peers, IGC's
discount has widened both absolutely and relative to its peer
group. The manager feels that this is not justified and sees a
number of potential catalysts for it to narrow, particularly if IGC
continues to grow and passes the GBP100m market cap threshold
(GBP91.5m as at 20 October 2016).
Full research:
http://quoteddata.com/2016/10/india-capital-growth-india-significant-discount/
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END
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