Canadian General Investm... Share Discussion Threads

[toriel] 18/5/2007 08:43

...oh, I take it all back. One for the money was writing a message at exactly the same time as I was. Good to know I'm not alone!

[toriel] 18/5/2007 08:42

Since I wrote about this company in January I've added more shares every month. It has been nice to see the price rise fairly steadily.

The recent fall in the pound vs the Canadian dollar has been a bit steeper than I expected. The Canadian dollar has risen in value more than most currencies, which has enhanced the value of the shares in Sterling of course, but CGI shares have also been doing well on the Canadian stock market, measured in the local currency.

I am holding all the shares I have bought, since I see this very much as a core long-term holding, and will continue to buy while the dollar is at present levels.

Since no one else seems to read this page I might write another comment to myself in a few months...

[one for the money] 18/5/2007 08:41

Looks like it is starting to move.

Cheers
john

[toriel] 12/1/2007 13:54

The risks and potential of this company are both greater than for a typical investment trust. Compared to a typical UK Investment Trust, there is a bias in the holdings towards oil and resources companies, reflecting the nature of the Canadian economy. There is thus a higher risk of volatility than for many broad-based investment trusts if oil and other commodity prices fall.

At the same time, since the assets of the company are Canadian, there's a currency risk.

I expect the Canadian dollar to appreciate in the medium term against the pound. Furthermore, although commodity prices have weakened a lot recently, the world still needs coal and wood and oil, and the world economy continues to expand. As a result, I believe there are two reasons to buy this company. In fact there's a third - it's well run with a sound long-term record.

I've increased my holding this month and expect to do so again as long as the Canadian dollar looks depressed.

[one for the money] 27/11/2006 09:26

IMHO a long-term good hold.

The only potential downside for me is the US dollar being in a precarious state and dragging down the Canadian currency.

Cheers
john

[rogerbridge] 24/11/2006 21:19

Held this for some months and it is a long term holding.

[clusium] 16/10/2006 15:37

Thanks, oftm. A good rise today - most encouraging.

[one for the money] 16/10/2006 09:16

Clusium...

all IMHO.....

A single project, even oil related, shouldn't affect a trust with a good spread of strong companies (biggest investment is less than 3% of the fund).
Recent drop/rise may be currency-related.

We seem to be in a 1150-1350 rising share price range at the moment (and still 10% under NAV on 10th october as pointed out by Raxzi. The way the markets have moved recently makes me think NAV may have increased a bit since then.

Cheers
John

[clusium] 16/10/2006 08:57

Have they been depressed on doubts about the Athabasca project? Seem to be on the recovery track now. I need £13 plus to break even.

[one for the money] 03/10/2006 08:15

Yes; should get back to £13 with no trouble

Cheers
john

[raxzi] 03/10/2006 07:37

john
Now at a discount of 10.5%.

[one for the money] 01/9/2006 14:55

Anyone interested in this one.

I think it is of long-term interest only, but it is still at over 5% discount to NAV and invests in strong companies.

Cheers
john