Canadian General Investm... Share Discussion Threads

[riskvsreward] 02/11/2023 18:48

you can definitely trade it in ISA with AJBell and II.

[wmb194] 02/11/2023 17:55

"Maybe it is because of changes to ISA rules to focus upon UK investments." This cannot be the reason because there has been no change to Isa rules, just a suggestion that they might be. Even then, there has been no suggestion that foreign companies will no longer be allowed.

Which broker? Sometimes brokers just don't want to deal in certain shares, particularly thinly traded ones or ones considered, 'sophisticated.'

[pherrom] 02/11/2023 17:21

I have it in my ISA.

[weatherman] 02/11/2023 07:09

Maybe it is because of changes to ISA rules to focus upon UK investments.

[weatherman] 01/11/2023 21:14

Is this still available for ISA? I've had a message saying it is not.

[tiltonboy] 04/9/2023 12:44

NAV has fallen by 5.5% in local currency, so the majority of the fall can be attributed to the 8 point widening in the discount

[quepassa] 04/9/2023 10:54

Getting back there steadily.

Now just c. 15% beneath its 2021 all-time-highs

[skyship] 22/8/2023 15:15

ST tipped them again today. Don't be suckered into paying the wider spread offer price of 2200. They'll be down again in a few days!

[quepassa] 01/6/2023 07:30

1.

Largest holding is headline-grabbing NVIDIA at 6.8% of portfolio.

2.

36.5% Discount to NAV.



Unjustified in my view



3.


Quarterly dividend solid and increasing.

[dickiehh] 02/2/2023 19:11

Very quiet board. Now at a 36 percent discount. Surely has to get moving soon

[tonytyke2] 17/3/2022 15:51

No problem, just to advise, I would ask your broker how they deal with Canadian withholding tax. My broker would not get involved and 25% is deducted at source off the gross dividend before conversion. I bought via UK exchange (via Halifax)

I am sure some brokers do get some relief back for their clients. No doubt someone else on this thread maybe able to advise.

Cheers TT

[galeforce1] 17/3/2022 15:26

Thanks for your responses. Looks like a great purchase for the new ISA subscription in April.

[tonytyke2] 17/3/2022 15:22

I track my news on Advfn. There is daily regulatory NAV update and contained within, it highlights the current NAV discount.

[bpdon] 17/3/2022 15:10

Hi @tonytyke2. Where do you track the discount for CGI? All my normal sources have no data.

[tonytyke2] 17/3/2022 14:06

By comparison. it looks like today we are at 28.6% discount to NAV.

[quepassa] 17/3/2022 12:57

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

[galeforce1] 17/3/2022 12:33

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.

[quepassa] 09/2/2022 16:25

Bouncing back rapidly

[tonytyke2] 08/1/2022 08:15

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.

[sf5] 07/1/2022 16:46

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.

[tiltonboy] 24/12/2021 08:44

Discount reverting to mean. Back to 28.6%

[tonytyke2] 23/12/2021 18:08

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

[tonytyke2] 21/12/2021 17:06

Yep, and still at 26.4% discount to NAV.......!!

[quepassa] 21/12/2021 14:57

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