tend to agree.
when things get cheaper - normally massively increasing demand outstrips margin erosion |
Available for 2290p to buy this morning, so the official spread is extremely misleading. I topped up, thinking the negativity towards US tech after Deepseek is but temporary and if anything, means even more cash gets thrown that way. |
Feels a bit like Hansa. The biggest investors have a vested interest in keeping the discount wide. However, it has happened before that the discount narrowed considerably on both trusts. |
Third Canadian General Investment Trust Limited (Third Canadian) owns 36.6% of the common shares of the Company and is therefore considered a related party. Jonathan A. Morgan and Vanessa L. Morgan, both directors and executive officers of the Company, beneficially own directly or indirectly or exercise control or
direction over an aggregate of 100% of the common shares of Third Canadian. Including the holding by Third Canadian, Mr. Morgan and Ms. Morgan together own directly or indirectly or exercise control or direction over an aggregate of 52.5% of the outstanding common shares of the Company, making them the ultimate controlling party.
This is why the discount will never close to 0% |
For a trust that performed reasonably well and having a very liquid portfolio, the discount is ridiculously high. Unfortunately this trust doesn’t do buyback or pay a high dividend and is subject to Canadian withholding tax on its dividend. |
...now 44% discount |
Well they could if they raised the divi. |
Its track record doesnt suggest the discount should be this wide...but it is. Not a great deal they can do about it |
discount approx 42% destined to remain wide, illiquid and high charges, should it be this wide? |
6 shares went through at 2440 in the closing auction, so not the real price |
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 |
I paid £25.60 early 22 So about 3 years. I would have been up 30% in L & G or phoenix!! |
40% below NAV , which is at an all time high yet its share price is lagging ! |
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. |
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 |
Well Ive been losing money here for the last four years how much patience do I need...Im rapidly running out of years!! |
With patience you often do |
The trouble is you cant bank a big discount.!!! |
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. |
Buyers seem to have woken up to the value on offer here -at last! |
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% |
Are we finally seeing some movement here? |
Discount now out to 43%
Not really comparable but MCT discount into single figures on the back of Saba buying |
Sorry, message intended for another board. Deleted. |
Thinking of reallocting some of our US trackers to this. Feels like it should outperform them over the next few years... |
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