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CGI Canadian General Investments Ld

2,170.00
65.00 (3.09%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canadian General Investments Ld LSE:CGI London Ordinary Share CA1358251074 COM NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  65.00 3.09% 2,170.00 2,140.00 2,200.00 2,170.00 2,115.00 2,115.00 8,376 15:07:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 200.35M 174.15M 8.3482 4.56 794.39M
Canadian General Investments Ld is listed in the Investors sector of the London Stock Exchange with ticker CGI. The last closing price for Canadian General Investm... was 2,105p. Over the last year, Canadian General Investm... shares have traded in a share price range of 1,950.00p to 2,240.00p.

Canadian General Investm... currently has 20,861,141 shares in issue. The market capitalisation of Canadian General Investm... is £794.39 million. Canadian General Investm... has a price to earnings ratio (PE ratio) of 4.56.

Canadian General Investm... Share Discussion Threads

Showing 251 to 274 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/3/2024
15:02
Irresistible Discount to NAV and a good backdoor way into the US.If I could only bring myself to plunge in!My focus on Value has led me here.Its not served me that well over the last few years but I assume we have been through such extreme times that the recently ineffective strategy will start to come good any time soon!
davebowler
11/3/2024
13:39
Now at 40.2%

Under Canadian regs they can't undertake buybacks without being forced into a full bid. They can however make a large Special dividend.

skyship
07/3/2024
16:13
NAV marches on and the discount now officially at 40%!
skyship
06/3/2024
08:40
NVIDIA is their largest holding.
weatherman
25/2/2024
13:28
Personally I feel they are right to take some Nvidia money off the table whenever the holding approaches 10%
skyship
25/2/2024
13:00
relatively costly trust in terms of annual management charges,
had to cut back the Nvidia position in late 2023 at the Board's instigation to manage the exposure that was getting near to 10%. In retrospect, it would have been much better to let it run,
at a very wide Hansa-like and Private Equity Trust discount,
should be good value but what is the dividend situation for a uk holder?

1c3479z
23/2/2024
10:36
Indeed - Nvidia up 16% last night - so bought back in for a few this morning. 2103p = C$35.94 v. the Canadian share price of C$36.69.
skyship
22/2/2024
15:35
Discount out at 39% now.

NVidia position should help the NAV

tiltonboy
10/1/2024
11:44
Simon Thompson (IC) also tipped it last year - I recall posting on the fact when he did so.
skyship
10/1/2024
10:19
I've watched this fund on and off for the last several years. Performance is decent enough and its currently a big discount, even by their wide standards. The problem appears to be that

1) This fund seems to be run for benefit of the Morgans (private individuals) who own more than 50%

2) Under Canadian law they can not buy their own shares, so no obvious way to tighten the discount to NAV

3) Its a fairly large buy/sell spread. Unless you can buy directly on the Toronto exchange which may not be so good.

Searching google news brings up a few positive articles about it - seem to recall it was tipped in the telegraph some time back too. Decent long term hold, but not one for short timelines.

dr biotech
10/1/2024
07:48
Well-structured top ten portfolio:-

The top ten investments which comprised 36.6% of the investment portfolio at market as of December 31, 2023 were as follows:


NVIDIA Corporation 4.7%
TFI International Inc. 4.7%
Canadian Pacific Kansas City Limited 4.5%
Apple Inc. 3.7%
West Fraser Timber Co. Ltd. 3.5%
The Descartes Systems Group Inc. 3.3%
WSP Global Inc. 3.3%
Franco-Nevada Corporation 3.2%
Mastercard Incorporated 3.0%
Bank of Montreal 2.7%

quepassa
10/1/2024
07:23
Very good point.

There is no simple answer.

It's easy to understand why funds which are invested in illiquid assets -which are hard to value and to realise- rightly deserve to trade at a significant discount to NAV(the so-called illiquidity premium).

But when you have a big fund like this in liquid assets with a strong manager and reasonable fees, the gaping discount is a conundrum - especially when the discount has blown out to levels wider than historical mean.

On the bright side, when the discount has blown out, as an investor/buyer you stand the chance of benefiting not just from the underlying performance of the portfolio but also hopefully/likely from the tightening of the disproportionate discount as it reverts to mean.

all imo. dyor.
qp

quepassa
10/1/2024
07:06
I don't underatand how trusts with a large listed holding trade at such a discount. Sorry naive question but why can't they recycle their listed holdings? I suppose the discount is attributed to other holdings or something in the structure?
bagpuss67
10/1/2024
06:53
Given the

-track-record,
-pedigree of management company,
-undoubted dividend history,
-size and liquidity,


the Discount-to-NAV has always seemed a bit of an anomaly to me.

all imo. dyor.
qp

quepassa
09/1/2024
20:53
Thanks...Think I will have a bit of a top up...
bagpuss67
09/1/2024
20:46
Indeed, but there is a perpetually wide discount on this trust despite impressive long term performance. Admittedly this is the widest it’s been for a long time. Normally trades in a range of 28-33
tiltonboy
09/1/2024
19:53
Is that correct 38% discount??
bagpuss67
06/12/2023
18:41
You should have quoted it, it was probably just plain incorrect. Will Barclays allow you to buy it again?
wmb194
06/12/2023
17:16
Barclays now removed the note after budget statement.
weatherman
02/11/2023
19:03
There is a note on Barclays to this effect - maybe anticipating changes.
weatherman
02/11/2023
18:48
you can definitely trade it in ISA with AJBell and II.
riskvsreward
02/11/2023
17:55
"Maybe it is because of changes to ISA rules to focus upon UK investments." This cannot be the reason because there has been no change to Isa rules, just a suggestion that they might be. Even then, there has been no suggestion that foreign companies will no longer be allowed.

Which broker? Sometimes brokers just don't want to deal in certain shares, particularly thinly traded ones or ones considered, 'sophisticated.'

wmb194
02/11/2023
17:21
I have it in my ISA.
pherrom
02/11/2023
07:09
Maybe it is because of changes to ISA rules to focus upon UK investments.
weatherman
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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