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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
  0.00 0.0% 2,130.00 2,100.00 2,160.00 2,130.00 2,110.00 2,110.00 4,269 15:43:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 107.8 5.2 423.1 438

Canadian General Investm... Share Discussion Threads

Showing 151 to 173 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/2/2021
13:01
Trading in US$ or canadian is no problem with Interactive Brokers, and cheap. So does not matter to me.
deadly
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.
tonytyke2
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?
deadly
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."
speedsgh
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.
deadly
05/2/2021
10:17
Rob, many thanks. Interesting article & certainly explains the rise.
annwyn
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
rob the slob
05/2/2021
09:22
QP Many thanks.
annwyn
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%
quepassa
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?
annwyn
05/2/2021
08:55
Always worthwhile when it leaps 6% as it's done this morning.
deadly
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?
annwyn
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
quepassa
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.
renewed1
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.
tiltonboy
07/12/2020
18:22
Yes strong price increases recently and still on 32% discount.
deadly
26/11/2020
20:01
Up another 60 cents in Canada. A rise of nearly 10% in a week
tiltonboy
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
quepassa
25/11/2020
21:53
Agreed. I've been a holder for about 5 years, and it just keeps delivering.
tiltonboy
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.
deadly
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.
tiltonboy
25/11/2020
21:11
Overlooked this one. Continuing very good performance and still on over 30% discount!
deadly
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