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.
01 Oct 2019
Discounted value
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Discounted value
India Capital Growth Fund Limited (IGC:LON) | 164 -3.3 (-1.2%) | Mkt Cap: 143.0m
- Published:
01 Oct 2019 -
Author:
Ed Marten -
Pages:
17
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.