Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

ICG Enterprise looking anomalously cheap v. peers

Closed-end funds and OEICs
SKYSHIP
Lemon Slice
Posts: 476
Joined: November 6th, 2016, 12:24 pm
Has thanked: 2 times
Been thanked: 553 times

ICG Enterprise looking anomalously cheap v. peers

#451235

Postby SKYSHIP » October 19th, 2021, 10:56 am

ICGT – The annoying thing with ICGT is the quarterly rather than monthly NAV declaration.

At the July declaration of 1523p the discount at 1145p is a peer high of 24.6%. This versus 23.7% for HVPE on their September declaration; and on their August declarations – NBPE at 22.4%; PIN at 22.5% & SLPE at 21.1%.

Those 4 peers declared an average NAV gain of 5.4% in August; and the only September declaration thus far is HVPE at 2%.

So, it might be fairly safe to assume that the declarable NAV for ICGT may well be North of 1600p; and at that level the discount rises to 28.4%!

Coupling that with the fact that ICGT looks anomalously oversold after a recent pullback from the 1200p level; and is trading on the 38.2% FIB support level; I believe they warrant a BUY at the current level.

I have done so at an average of 1145p.

https://uk.advfn.com/cmn/fbb/thread.php3?id=26570589

foolishowl
Posts: 9
Joined: December 19th, 2021, 3:09 pm
Been thanked: 1 time

Re: ICG Enterprise looking anomalously cheap v. peers

#467299

Postby foolishowl » December 19th, 2021, 3:15 pm

Hi

You mention that NAV is declared quarterly but I can only find the half yearly one. If so where do they publish this?

Thanks


Return to “Investment Trusts and Unit Trusts”

Who is online

Users browsing this forum: No registered users and 6 guests