Update research from QuotedData

RNS Number : 2080N

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 £100m market cap threshold (£91.5m as at 20 October 2016).

Full research:

http://quoteddata.com/2016/10/india-capital-growth-india-significant-discount/

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NB: this note has been prepared for India Capital Growth Fund by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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