Canadian General Investm... Share Discussion Threads

[tonytyke2] 17/3/2022 15:51

No problem, just to advise, I would ask your broker how they deal with Canadian withholding tax. My broker would not get involved and 25% is deducted at source off the gross dividend before conversion. I bought via UK exchange (via Halifax) I am sure some brokers do get some relief back for their clients. No doubt someone else on this thread maybe able to advise. Cheers TT

[galeforce1] 17/3/2022 15:26

Thanks for your responses. Looks like a great purchase for the new ISA subscription in April.

[tonytyke2] 17/3/2022 15:22

I track my news on Advfn. There is daily regulatory NAV update and contained within, it highlights the current NAV discount.

[bpdon] 17/3/2022 15:10

Hi @tonytyke2. Where do you track the discount for CGI? All my normal sources have no data.

[tonytyke2] 17/3/2022 14:06

By comparison. it looks like today we are at 28.6% discount to NAV.

[quepassa] 17/3/2022 12:57

This share has - for some inexplicable reason- always had a high discount. Given size of fund, pedigree and excellent performance - seems a great anomaly in my view. Still overlooked by the market and under-appreciated. Fully expecting the Canada economy - heavily based on natural resources - to outperform exponentially over the next few years given the Russia situation. This will put a great global pricing strain on all commodities such as Oil, Coal, gold, precious metals, uranium, wheat, lumber,natural gas etc. etc etc - which Canada has in great abundance . Canada also being a very benign country/economy and business-friendly with strategic coastlines on two oceans serving European and Far East markets. The current situation will boost not just natural resources, wheat-growers and lumber companies but the whole economy will by knock-on prosper - including transportation both pipeline and surface transportation such as railways and shipping. ALL IMO. DYOR. QP

[galeforce1] 17/3/2022 12:33

What a great performance by this trust over the last 2 years! Unfortunately I don't own any shares. But I'm tempted to buy some, particularly as Russian investments are no longer a viable way to have some commodities & natural resources exposure in my portfolio. Why is the discount here still at almost 25%? That seems very high.

[quepassa] 09/2/2022 16:25

Bouncing back rapidly

[tonytyke2] 08/1/2022 08:15

The long term performance of this fund is super. I am very happy with the 29.4% share price return including dividends re-invested last year. Still on a huge discount to NAV. Just to add, why I like this investment, is the diversity of the portfolio. If you check out the top ten investments it covers software, lumber, copper, railroads, gold, trucking, Industrials, consumer electronics and semi-conducters.

[sf5] 07/1/2022 16:46

Not the most inspiring performance in today's update (+24.6% NAV for CY21), slight miss against their benchmark but that's only a single year, and that's presumably after the benefit of their c. 15% gearing.

[tiltonboy] 24/12/2021 08:44

Discount reverting to mean. Back to 28.6%

[tonytyke2] 23/12/2021 18:08

Very decent moves with Shopify the last couple of days, but no action here, hence NAV discount moves up to 28%. Ha Ha!Merry Xmas to you all.TT

[tonytyke2] 21/12/2021 17:06

Yep, and still at 26.4% discount to NAV.......!!

[quepassa] 21/12/2021 14:57

Performance of CanGen over 12 months. Share price +30% (£20 to £26) Total return including dividends. Approaching +35% Outstanding performance. To put into perspective just how good that performance is, one of last year's Top Performers, Scottish Mortgage Investment Trust, has returned just 10% over the last twelve months. ALL IMO. DYOR. QP

[ramellous] 21/12/2021 11:35

Divi is in my ii account this morning

[saltraider] 20/12/2021 19:49

Hmmm ... that seemms pretty p### poor. My broker is (strictly cheap and cheerful) DeGiro. Divis are always credited pretty quickly. Delay is never more than a business day or two at worst. Usually, it's less.

[strategic trout] 20/12/2021 16:02

Update from ii (under corporate actions tab) to say it can take 10 working days from Dec 15 pay date for cash to appear in account although there can be delays "in some circumstances."

[ramellous] 19/12/2021 11:53

Haven’t got mine with ii

[strategic trout] 17/12/2021 10:59

Thanks Saltraider

[saltraider] 17/12/2021 10:57

Dividend was credited to my account yesterday (16th)... UK-listed shares.

[strategic trout] 17/12/2021 10:53

Anyone received the December dividend yet? Or does it only apply to the Toronto-listed shares,not the UK ones?

[tonytyke2] 08/12/2021 08:07

Yep, I know, but just shows how the NAV was back up to 29.2% discounted this morning.

[tiltonboy] 08/12/2021 08:03

tt, That's the tightest discount for many a year. The closing price in Canada translates to about £26.