23 Jan 2019

Q3 results to 31 October 2018

Quarterly update for three months to 31 October 2018

Highlights

  • NAV per share of 1,046.2p; total return of 2.5% in the quarter and 10.8% over the nine months
  • Continued strong performance across the portfolio
  • Portfolio remains highly cash generative; realisations at significant uplifts to carrying value and cost
  • Selective investment into a number of compelling high conviction investment opportunities
  • NAV and share price continue to outperform FTSE All-Share over one, three, five and 10 years

Emma Osborne, Head of Private Equity Fund Investments, ICG, commented:

“The portfolio has continued to deliver strong returns in the third quarter and remains highly cash generative. Over the last few years, we have focused on companies with strong defensive characteristics in sectors with non-cyclical growth drivers and increased our weighting to international markets. In an environment of rising volatility and economic uncertainty, we believe our focus on defensive growth and our flexible mandate positions the portfolio well to weather uncertainty and continue to generate value for shareholders.”

Share price (ICGT)

867p
-4.80P (-0.55%)
11:14AM 17 Sep 2019
The share price information is delayed by at least 15 minutes

Net Asset Value

1,068p
As of 30 April 2019
Next update: October 2019 – Q2 results
Year Net assets NAV per share Share price Dividends per share
Jan 2019 £731m 1,057p 822p 22p
Jan 2018 £664m 959p 818p 21p
Jan 2017 £613m 871p 698p 20p
Jan 2016 £521m 731p 545p 11p
Jan 2015 £507m 695p 575p 15.5p
Jan 2014 £494m 677p 563p 15.5p
Jan 2013 £460m 631p 487p 5p
Jan 2012 £415m 569p 357p 5p
Jan 2011 £389m 534p 308p 2.25p
Dec 2009 £338m 464p 305p 2.25p
Dec 2008 £327m 449p 187p 4.5p