Canadian General Investm... Share Discussion Threads

[deadly] 14/2/2021 13:01

Trading in US$ or canadian is no problem with Interactive Brokers, and cheap. So does not matter to me.

[tonytyke2] 10/2/2021 15:49

Well, I topped up today (UK) and the spread was around 0.8%, so is fluctuating.

[tonytyke2] 09/2/2021 14:40

I think you would be buying in Canadian dollars then, so part of your destiny is also down to the currency rates. Just some recent peaks and lows below: Feb 2021 = currently around £1 to 1.76$ canadian Feb 2016 = was around 2.01$ canadian Aug 2019 = was around 1.61% canadian In my experience when dealing with US dollars, the broker did not give particularly good rates when converting back to £ if you need to do this. However things may have changed recently and you would need to check with your broker.

[deadly] 08/2/2021 20:16

So buying in Toronto is the best option as 4% spread is ridiculous and buying within it is rarely possible. But that could be true for many other shares, so why bother with the UK at all?

[speedsgh] 06/2/2021 11:51

He did but what he says appears to contradict your experience... "The insiders hold 52.5 per cent of the shares, too, the lower than average 47 per cent free float being another reason for a wider discount as there could be a perception that the shares are less liquid. However, they are readily tradeable on a 0.6 per cent bid-offer spread in Toronto where 50 per cent of the 20.86m shares in issue are held. In London, the bid-offer spread is 4 per cent, but it’s possible to trade well within that. Buying the Toronto-listed shares is my preference."

[deadly] 05/2/2021 17:33

He didn't mention that its so difficult to buy a decent number of shares in it, and the spread is so wide.

[annwyn] 05/2/2021 10:17

Rob, many thanks. Interesting article & certainly explains the rise.

[rob the slob] 05/2/2021 09:51

Simon Thompson Bargain Shares Tip in IC today:https://www.investorschronicle.co.uk/ideas/2021/02/04/bargain-shares-for-2021/?utm_campaign=IC%20Daily%20Bargain%20Shares&utm_source=emailCampaign&utm_content=&utm_medium=email

[annwyn] 05/2/2021 09:22

QP Many thanks.

[quepassa] 05/2/2021 09:13

Indeed. And despite this, CGI stills trades on a wholly unmerited 33.5% Discount-to-NAV. I still believe that this discount is over-ripe for compression based on the size of the fund and the excellent track-record. This is a top ten list of their impressive investments as at end January: Shopify Inc. 7.2% Canadian Pacific Railway Limited 4.0% Franco-Nevada Corporation 3.6% NVIDIA Corporation 3.4% Amazon.com, Inc. 3.3% Lightspeed POS Inc. 3.2% First Quantum Minerals Ltd. 3.1% Apple Inc. 2.9% Square, Inc. 2.7% Ballard Power Systems Inc. 2.6%

[annwyn] 05/2/2021 09:11

Deadly thanks, yes, obviously a good move overnight, although I was most interested in tax implications for the long term. Any particular reason for the large move up apart from the obvious that it's an excellent IT?

[deadly] 05/2/2021 08:55

Always worthwhile when it leaps 6% as it's done this morning.

[annwyn] 04/2/2021 14:10

I realise it's preferable to hold these in a SIPP or ISA but is it worth holding them long term in a non tax-exempt holding too? Or does the tax deduction & complication of the dividends make it not worth while?

[quepassa] 19/1/2021 08:50

Dividend history (since 2008) below:- hXXps://www.mmainvestments.com/closed-end-funds/cgi/dividends Shares on the Toronto Exchange are paid can$ divi's. Shares on the LSE will be paid the can$ equivalent in sterling. It is to be noted just how reliable their dividend track-record has been. Their stated intention; "Henceforth, it is the Board’s intention, when prudent, for CGI to provide its common shareholders with steady to rising quarterly dividends. ". ALL IMO. DYOR. QP

[renewed1] 19/1/2021 08:20

QP thanks for bringing CGI to my attention...although I appreciate this is a growth fund is the divi paid in uk pounds or canadian dollars? I am assuming the divi is in the order of 20ish canadian cents per quarter.

[tiltonboy] 07/12/2020 19:38

I think you can ignore the discount; highly unlikely it will narrow markedly....although I would never have dreamt that HRI would go to a premium, as it did briefly today.

[deadly] 07/12/2020 18:22

Yes strong price increases recently and still on 32% discount.

[tiltonboy] 26/11/2020 20:01

Up another 60 cents in Canada. A rise of nearly 10% in a week

[quepassa] 26/11/2020 05:51

yes. it does. and great divi. but what goes unnoticed is exceptional portfolio of investments. the big discount remains unmerited

[tiltonboy] 25/11/2020 21:53

Agreed. I've been a holder for about 5 years, and it just keeps delivering.

[deadly] 25/11/2020 21:38

Yes discount has increased slowly over the years, but I'd rather buy this with that discount and with its consistent performance. It owns a lot of US tech stocks that are held at a premium elsewhere e.g ATT, MNL.

[tiltonboy] 25/11/2020 21:30

Discount has been between 30-35% for years. Not certain what will change that. Performance deserves a far better rating.

[deadly] 25/11/2020 21:11

Overlooked this one. Continuing very good performance and still on over 30% discount!