This share has - for some inexplicable reason- always had a high discount.
Given size of fund, pedigree and excellent performance - seems a great anomaly in my view.
Still overlooked by the market and under-appreciated.
Fully expecting the Canada economy - heavily based on natural resources - to outperform exponentially over the next few years given the Russia situation.
This will put a great global pricing strain on all commodities such as Oil, Coal, gold, precious metals, uranium, wheat, lumber,natural gas etc. etc etc - which Canada has in great abundance . Canada also being a very benign country/economy and business-friendly with strategic coastlines on two oceans serving European and Far East markets.
The current situation will boost not just natural resources, wheat-growers and lumber companies but the whole economy will by knock-on prosper - including transportation both pipeline and surface transportation such as railways and shipping.
ALL IMO. DYOR.
QP |
What a great performance by this trust over the last 2 years!
Unfortunately I don't own any shares.
But I'm tempted to buy some, particularly as Russian investments are no longer a viable way to have some commodities & natural resources exposure in my portfolio.
Why is the discount here still at almost 25%? That seems very high. |
Bouncing back rapidly |
The long term performance of this fund is super.
I am very happy with the 29.4% share price return including dividends re-invested last year.
Still on a huge discount to NAV.
Just to add, why I like this investment, is the diversity of the portfolio. If you check out the top ten investments it covers software, lumber, copper, railroads, gold, trucking, Industrials, consumer electronics and semi-conducters. |
Not the most inspiring performance in today's update (+24.6% NAV for CY21), slight miss against their benchmark but that's only a single year, and that's presumably after the benefit of their c. 15% gearing. |
Discount reverting to mean. Back to 28.6% |
Very decent moves with Shopify the last couple of days, but no action here, hence NAV discount moves up to 28%. Ha Ha!Merry Xmas to you all.TT |
Yep, and still at 26.4% discount to NAV.......!! |
Performance of CanGen over 12 months.
Share price +30% (£20 to £26)
Total return including dividends. Approaching +35%
Outstanding performance.
To put into perspective just how good that performance is, one of last year's Top Performers, Scottish Mortgage Investment Trust, has returned just 10% over the last twelve months.
ALL IMO. DYOR.
QP |
Divi is in my ii account this morning |
Hmmm ... that seemms pretty p### poor. My broker is (strictly cheap and cheerful) DeGiro. Divis are always credited pretty quickly. Delay is never more than a business day or two at worst. Usually, it's less. |
Update from ii (under corporate actions tab) to say it can take 10 working days from Dec 15 pay date for cash to appear in account although there can be delays "in some circumstances." |
Haven’t got mine with ii |
Thanks Saltraider |
Dividend was credited to my account yesterday (16th)... UK-listed shares. |
Anyone received the December dividend yet? Or does it only apply to the Toronto-listed shares,not the UK ones? |
Yep, I know, but just shows how the NAV was back up to 29.2% discounted this morning. |
tt,
That's the tightest discount for many a year.
The closing price in Canada translates to about £26. |
What a weird/interesting trading day today, let me know your thoughts.......
CGI = 0% market move today, no thoughts of the underlying investments?
CGI - Top 6 underlying investments performance today with some massive upside moves:
1) Nvidia UP 7.96%
2) Shopify UP 9.6%
3) West Fraser Timber UP 2.2%
4) Canadian Pacific Railway UP 0.6%
5) Franco Nevada Corp UP 2.64%
6) First Quantum Materials UP 3.2%
CGI Fund also 27.4% discounted before we even started trading today.
I'm adding more....... |
New ALL TIME HIGH at 2630p in today's session.
Much further still to run.
ALL IMO. DYOR.
QP |
Still 33.2% discounted to NAV highlighted this morning! |
NOT TO BE MISSED.
Just released a few moments ago, an excellent new piece of research by highly-regarded Edison Group on CGI headed :-
" VERY LONG-TERM RECORD OF OUTPERFORMANCE "
An in-depth dive into CGI including commentary on portfolio.
ALL IMO. DYOR.
QP |
Thanks, Steeplejack |
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