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
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ICG Enterprise looking anomalously cheap v. peers
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Re: ICG Enterprise looking anomalously cheap v. peers
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
You mention that NAV is declared quarterly but I can only find the half yearly one. If so where do they publish this?
Thanks
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