We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Canadian General Investments Ld | LSE:CGI | London | Ordinary Share | CA1358251074 | COM NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2,190.00 | 2,160.00 | 2,220.00 | 2,190.00 | 2,190.00 | 2,190.00 | 204 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 200.35M | 174.15M | 8.3482 | 4.46 | 776.87M |
TIDMCGI
RNS Number : 7330K
Canadian General Investments Ld
03 September 2021
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
September 3, 2021
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 August 31, 2021 was $60.02, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.4% and 42.3%, respectively. These compare with the 20.2% and 28.2% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at August 31, 2021, the combined leverage afforded by both forms of leverage represented 14.0% of CGI's net assets, down from 16.8% at the end of 2020 and 19.6% at August 31, 2020.
The worldwide spread of novel coronavirus (COVID-19) and its impact on such factors as business operations, supply chains, travel, commodity prices and consumer confidence, and the associated impact on domestic and international equity markets and fixed income yields, is expected to continue to have a significant influence on the equity markets and could significantly impact the value of investments held by CGI. Morgan Meighen & Associates Limited, the manager of the Company, will maintain its consistent, steady, long-term approach of holding diversified, appropriate investments, while pursuing selective new opportunities.
The closing price for CGI's common shares at August 31, 2021 was $40.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 16.9% and 47.4%, respectively.
The sector weightings of CGI's investment portfolio at market as of August 31, 2021 were as follows:
Information Technology 29.4% Industrials 21.0% Materials 15.8% Consumer Discretionary 11.1% Financials 10.3% Energy 5.1% Real Estate 3.9% Communication Services 2.0% Health Care 0.9% Cash & Cash Equivalents 0.5%
The top ten investments which comprised 38.8% of the investment portfolio at market as of August 31, 2021 were as follows:
Shopify Inc. 6.0% NVIDIA Corporation 5.0% Lightspeed Commerce Inc. 4.6% Franco-Nevada Corporation 3.7% TFI International Inc. 3.5% Canadian Pacific Railway Limited 3.5% West Fraser Timber Co. Ltd. 3.4% First Quantum Minerals Ltd. 3.3% Amazon.com, Inc. 3.0% Square, Inc. 2.8%
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
PFUBXGDCRUGDGBX
(END) Dow Jones Newswires
September 03, 2021 10:00 ET (14:00 GMT)
1 Year Canadian General Investm... Chart |
1 Month Canadian General Investm... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions