Canadian General Investm... Share Discussion Threads

[tiltonboy] 02/12/2024 20:15

6 shares went through at 2440 in the closing auction, so not the real price

[quepassa] 02/12/2024 18:43

unlucky timing.

you had mentioned 4 years ago in your original post. So nearer 2.5years then

either way, a nice 5% upwards move today takes the price back to £24.

With the dividends you received, I guess you're round about flat by now - so not really losing - other than perhaps opportunity cost.

but things look much more positive recently and many North America Investment Trusts have seen their big discounts rapidly being compressed down to single figures from elevated levels.

Would expect CGI to do the same.

all imo. dyor.
qp

[renewed1] 02/12/2024 16:15

I paid £25.60 early 22 So about 3 years. I would have been up 30% in L & G or phoenix!!

[davebowler] 02/12/2024 15:35

40% below NAV , which is at an all time high yet its share price is lagging !

[bitgold] 26/11/2024 10:31

If I look at the graph, the only time you could be sitting on a loss in this is if you bought in when it was about £27 two years ago and Nvidia was hot. It's doing OK for me, holds a lot of things I would otherwise find it hard to buy into.

[quepassa] 26/11/2024 10:17

renewed.

genuine question please as don't understand

Price today 2380p

Price four years ago 30/11/20 1835p

Price five years ago 30/11/19 1435p


Over 4 years, CGI is +30%
Over 5 years, CGI is +65%


Plus significant and reliable regular dividends throughout.

How have you been losing money for last four years please?

Thanks.

QP

[renewed1] 26/11/2024 09:35

Well Ive been losing money here for the last four years how much patience do I need...Im rapidly running out of years!!

[bitgold] 25/11/2024 19:22

With patience you often do

[renewed1] 25/11/2024 19:10

The trouble is you cant bank a big discount.!!!

[bitgold] 25/11/2024 18:31

It could even lead to a wider discount. People are catching onto Trump being "the crypto president" and what it means regards technology. CGI has a very nice portfolio of Nvidia, Microsoft, Apple and others.

Let's see.

[davebowler] 25/11/2024 13:15

Buyers seem to have woken up to the value on offer here -at last!

[davebowler] 25/11/2024 13:14

Toronto, Ontario, Canada - Canadian General Investments, Limited, a closed-end investment company, announces the following Canadian dollar values as at the close of business November 22, 2024.

Net asset value (unaudited) per common share: $71.41

Closing market price per common share:$40.60

Discount to net asset value per common share:43.1%

[aimloser1] 25/11/2024 11:29

Are we finally seeing some movement here?

[tiltonboy] 25/11/2024 10:05

Discount now out to 43%

Not really comparable but MCT discount into single figures on the back of Saba buying

[riskvsreward] 17/11/2024 18:15

Sorry, message intended for another board. Deleted.

[bagpuss67] 17/11/2024 16:11

Thinking of reallocting some of our US trackers to this. Feels like it should outperform them over the next few years...

[bitgold] 17/11/2024 12:25

Election is 2025, but a lot of campaigning going on already and he's not popular. Canada has fallen a lot on all economic metrics since he became PM. Strange for a country so rich in natural resources.

Personally, I think people are deluded to think the agenda won't change, but I am betting on that people think it will and the discount on this trust is huge.

[skyship] 17/11/2024 12:14

Has he gone?

[bitgold] 15/11/2024 20:53

Agree, it seems cheap when looking at the discount. Trudeau being voted out might also be a positive factor.

[quepassa] 14/11/2024 13:37

massive 40% discount-to-NAV is far too high given rapid tightening elsewhere in North American sector.

My expectation is discount will soon start to compress back to historic mean.


And when it does, the compression can happen rapidly as we have recently witnessed with CGI's peer group.


ALL IMO. DYOR.
QP

[hugepants] 08/7/2024 12:28

Gets a mention here;

[quepassa] 07/5/2024 11:08

An excellent new piece of Research/Update issued on CGI today by Edison Group.

hXXps://www.edisongroup.com/equity/canadian-general-investments/

[davebowler] 28/4/2024 14:08

htTPs://citywire.com/investment-trust-insider/news/middlefield-why-dividend-rich-canada-is-about-to-deliver/

[davebowler] 11/4/2024 09:13

hTTps://www.trustintelligence.co.uk/articles/fund-profile-middlefield-canadian-income-apr-2024?utm_source=Profund&utm_medium=Email&utm_campaign=newsletter_thurs