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Prices & Quotes - UK Markets - ICG Enterprise Trust (ICGT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,074.00p
Change Today:
24.00p
Market Cap:
738.56m
Sector:
Equity Investment Instruments

Hardman & Co. says ICG Enterprise Trust's discount to NAV 'anomalous'

By Alexander Bueso

Date: Monday 06 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Hardman&Co. initiated coverage on FTSE-250 listed private equity investor ICG Enterprise Trust on Monday, telling clients that it was "anomalous" that a firm with a consistent record of outperformance should be trading at only two-thirds of its net asset value.
Over its 39-year history, the firm had achieved superior returns, pursuing a defensive growth investment policy while exploiting the synergies that accrue from belonging to the Intermediate Capital Group family, analyst Mark Thomas said.

Even on shorter time frames, like the past 10 years, the company's total NAV had jumped by 178%, against the comparable FTSE All Share return of 61%.

Furthermore, from January to April its portfolio return had only fallen by 3.8%, or 7.0% when measured in local currency terms.

Thomas also highlighted how the trust managed over-commitment tightly, while the valuations and governance appeared to be conservative.

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ICGT Market Data

Currency UK Pounds
Price 1,074.00p
Change Today 24.00p
52 Week High 1,114.00p
52 Week Low 730.00p
Volume 70,880
Shares Issued 68.77m
Market Cap 738.56m

Performance Indicators

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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ICGT Dividends

  Latest Previous
  Q1 Final
Ex-Div 12-Aug-21 01-Jul-21
Paid 03-Sep-21 23-Jul-21
Amount 6.00p 9.00p

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 30,945 @ 1,074.00p
16:29 131 @ 1,058.00p
16:29 131 @ 1,058.00p
16:29 435 @ 1,058.00p
16:29 112 @ 1,058.00p

ICGT Key Personnel

Chair Jane Tufnell