Rob, many thanks. Interesting article & certainly explains the rise. |
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 |
QP Many thanks. |
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% |
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? |
Always worthwhile when it leaps 6% as it's done this morning. |
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? |
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 |
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. |
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. |
Yes strong price increases recently and still on 32% discount. |
Up another 60 cents in Canada. A rise of nearly 10% in a week |
yes. it does. and great divi.
but what goes unnoticed is exceptional portfolio of investments.
the big discount remains unmerited |
Agreed. I've been a holder for about 5 years, and it just keeps delivering. |
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. |
Discount has been between 30-35% for years. Not certain what will change that. Performance deserves a far better rating. |
Overlooked this one. Continuing very good performance and still on over 30% discount! |
I own this but the buy/sell spread is appalling.
The top ten portfolio list is very acceptable with lots of large tech/fintech |
Great share price performance here. |
I bought into this yesterday. |
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! |
A core portfolio holding for me. |
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 |
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