Canadian General Investm... Share Discussion Threads

[gopher] 26/5/2020 16:38

I own this but the buy/sell spread is appalling. The top ten portfolio list is very acceptable with lots of large tech/fintech

[rcturner2] 28/8/2018 10:14

Great share price performance here.

[rcturner2] 28/6/2018 06:19

I bought into this yesterday.

[tiltonboy] 07/6/2018 15:00

In C$ terms, the CGI share price is now back to where it was on 7th June 2008...ten years to the day. Difference now is the share price is on a 32% discount to NAV!

[tiltonboy] 06/3/2018 18:45

A core portfolio holding for me.

[quepassa] 06/3/2018 18:40

Recommend that you look at their portfolio mix and in particular their top ten holdings. Scroll up the page and you will see that just yesterday 5th. March they produced a Portfolio Update. Click on the news release. Not many places on earth where you can buy Amazon Inc, Shopify, Bank of Montreal and Nvidia at a 30% discount!! It's up 50% in two years. Not many Investment Trusts can boast that performance. I consider this an overlooked hidden gem with some astonishingly good portfolio holdings. Good Luck. ALL IMO. DYOR. QP

[vulgaris] 06/3/2018 18:15

I keep looking at this one for the SIPP. The discount is attractively large at around 30%. It appears well run and recent performance is good. It's an interesting mix of mineral extraction, industrial and banking. Canada diversifies risk away from usual investment hotspots. The 3% yield is respectable. But I hesitate because The spread wipes out the first year's divi. And some. Canada is vulnerable to any trade war that Mr Trump unleashes.

[quepassa] 06/12/2017 07:35

STUNNING PERFORMANCE. UP 33% OVER TWELVE MONTHS. WELL DONE TO THE CANGEN TEAM - AND KEEP IT UP PLEASE FOR 2018!! READ THIS RNS RELEASED YESTERDAY 5th DECEMBER: Canadian General Investments: Investment Update - Unaudited TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2017 was $32.37, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.5% and 19.0%, respectively. These compare with the 7.8% and 9.6% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods. The closing price for CGI's common shares at November 30, 2017 was $23.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 26.5% and 33.6%, respectively. ALL IMO. DYOR. QP

[tiltonboy] 16/12/2016 11:30

Trust law in Canada prevents them from buying in their own shares.

[skyship] 16/12/2016 10:46

Tilts - It seems easy enough to get an exemption when requested - as LMS did recently through not participating in the last Tender. IMO they would be granted an exemption as plainly in shareholders' best interests.

[tiltonboy] 16/12/2016 09:33

SKYSHIP, There is no DCM because they can't buy back their own shares. We trade in Canada via WINS who charge us a couple of cents to transact.

[tiltonboy] 16/12/2016 09:19

Why are you ramping CGI on the SMT thread! Did you trade in Toronto or on LSE? Spread on LSE is ridiculous, and gave the broker a bollicking in front of the managers when I met the company recently.

[skyship] 16/12/2016 09:19

QP - 0ne big proble here - the family management group control CGI, so it has always been a bit of a value trap as the managers are in effect being paid to manage the family assets; and they have a different agenda to outside shareholders. Hence very parsimonious with the dividend; AND NO DISCOUNT CONTROL MECHANISM. There are times when the discount becomes excessive and tempting. A turn can then be made provided the currency doesn't move against you. Impossible to deal in any meaningful way in the LSE-listed CGI. You have to do so in Canada; and pay excess fees to do so. All in all.....value at times....but not quite the plain sailing it appears.

[quepassa] 16/12/2016 08:14

Have taken good size here. My posts on the Scottish Mortgage Investment Trust bb refer. ALL IMO. DYOR. QP

[hugepants] 23/3/2015 14:39

Reckon the discount will reduce naturally as the markets keep rising and as people search for value and yield. Discount as of today is 27% and yield is approx 3.5%. Safe and boring.

[tiltonboy] 16/2/2015 15:06

I cant see a DCM ever being put in place.

[skyship] 16/2/2015 14:46

I used to hold for two reasons - the NAV discount and the currency diversification. The attitude of management makes me wonder just when if ever we will see a Discount Management System; and of course over the past year the C$ has been a bit of a basket case. C$ now looks oversold...

[tiltonboy] 16/2/2015 11:45

There is actually a decent long-term track record, and with the distribution policy, I still think they are an attractive proposition. I am more concerned on currency, than on the wide discount.

[hugepants] 08/9/2014 09:08

Motoring along nicely here and still at a 28% discount to NAV.

[tiltonboy] 15/5/2014 09:31

They have also got a pretty good performance track record. Currency has hit the sterling price over the last year, but it's a core holding for my portfolios.

[hugepants] 15/5/2014 09:29

Why is this at such a big discount? 4% yield and 30% discount to NAV. Its well diversified and invests in a country with one of the strongest credit ratings. Its hard to believe markets are close to record highs.

[davebowler] 01/4/2014 13:38

28 March 2014 Toronto, Ontario, Canada - Canadian General Investments, Limited, a closed-end investment company, announces the following Canadian dollar values as at the close of business March 28, 2014. Net asset value (unaudited) per common share: $ 26.31 Closing market price per common share: $ 18.00 Discount to net asset value per common share: 31.6%

[hugepants] 06/3/2014 13:24

Just bought a few of these. NAV is £14.40. So a 30% discount to NAV. Yield 4.1%. This dog always seems to be on a large discount though.

[skyship] 13/2/2014 08:42

Agreed, would appear to be a slight negative for UK holders.