Share Name Share Symbol Market Type Share ISIN Share Description
Canadian General Investments 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
  +0.00p +0.00% 1,365.00p 1,340.00p 1,390.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.0 0.0 - 280.83

Canadian General Investments Share Discussion Threads

Showing 26 to 49 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
30/10/2008
21:20
490-590????? What sort of thieving spread is that????
munin
19/10/2008
11:28
http://www.mmainvestments.com/pdf/2008-Q2-CGI-FINAL.pdf ------------------------------------------------ Net asset value (unaudited) per common share: $ 13.97 Closing market price per common share: $ 10.30 Discount to net asset value per common share: 26.3% £6.80081 net asset value £5.01420 Share price The above are the conversion rates but the share price is £5.45
washbrook
11/3/2008
15:34
...and, since I am at my computer all afternoon, a final point. The discount to net asset value at the moment is nearly 20%, which is greater than it has been for some time and quite a bit larger than most UK-based ITs. Another reason to buy. I should add that, since the price of this company is effectively determined on the other side of the Atlantic, not here, there is no chance that anything I say will affect the price, so you can assume my comments are genuine, not a futile attempt to push the price along!
toriel
11/3/2008
15:26
I might add that part of the reason I am bullish about Canada is that its economy is increasingly decoupled from that of the USA. I lived in Canada for many years, so know the country well, and am particularly taken with its mix of high tech industry and tremendous natural resources. Canada cannot, of course, operate in complete isolation from the US, but it seems to me to have many of the advantages of the US with few of the disadvantages. I've always liked CGI as a fairly low risk way of participating directly in Canadian economic growth. Although it's slightly higher risk than UK-based trusts because of the currency, I think the growth story in Canada more than makes up for this.
toriel
11/3/2008
15:20
The weakness of sterling is important because this company is traded much more widely in Canada and the USA than in the UK. The price at which it trades here is thus largely determined not by UK demand for the shares, but by demand on the other side of the Atlantic. If the price of CGI is flat in Canada, but the pound falls against the Canadian dollar, each dollar is worth more, so the shares priced in pounds will rise. Of course, the currency risk cuts both ways, so if the pound rises against the Canadian dollar, the value of shares in pounds will fall. The influence of the Canadian market is evident today. This morning the price of CGI in London was flat, even though the London market was up. When Toronto opened, the initial Canadian price remained flat for a short time (and in London one could buy at the strange price of 11.069999 pounds as I, and someone else, did). Once the Canadian price moved up, so did London, with the latest spread being 1120-1150p. This dual dependence of the price on the health of a foreign economy and on the value of sterling makes life interesting but, like leveraged buying, it has the potential to yield larger gains (and, of course, larger losses if both the economy and the currency go in the wrong direction).
toriel
06/3/2008
11:19
Just become aware of this trust, which gives exposure to Natural Resources within a developed economy. And Canada not likely to become depopulated because of drought( Australia). Someone please explain why the "impending weakness of sterling" is good for U.K holders.
romi2nikki1
26/2/2008
08:22
Toriel I totally agree with your sentiments - long term hold for me Regards John
one for the money
26/2/2008
08:12
I've now repurchased about half the stake in CGI that I sold last year at around £14, in a series of buys in the £11-£12+ range. Although I'm confident that in the long term this will be a good share to hold, it's more difficult to be sure where they will go in the shorter term, since so many factors can move the shares. However, on balance I think the positives - what I see as the impending weakness of the pound, continuing demand for Canadian natural resources, the generally entrepreneurial feel of the Canadian economy, the decoupling of that economy from the Amercian - add up to more than the negatives - continuing worries about the world economy, fragile stock markets in general. This is a bit like Bankers Trust Company or Electric and General - investment trusts that I've always felt comfortable with, alongside more racy (and risky) shares, even if they don't set the world alight. Canadian General has what seems to me to be the additional advantage that it is invested in the right part of the world. We shall see whether my optimism is justified in the coming months...
toriel
15/2/2008
09:13
Having resisted the urge to buy for some months, I've started repurchasing my stake in CGI with a few buys below £12 and a more recent one above. The weakness of the pound provides some insurance against large drops, I think, and the Canadian economy's reliance on natural resources is still a feature that I like. It looks as though the Canadian stock market might go sideways for a while. However, I'm happy to slowly accumulate the shares in the expectation that in the long term the market will go up and the pound down, both movements giving the shares a boost.
toriel
16/8/2007
11:03
Quite agree, and this latest market slump makes a mockery of any logical thoughts about where this is going - no matter how good the fundamentals. You did well to sell when you did - IMHO It will have its day, but not quite yet. Cheers john
one for the money
16/8/2007
09:48
Well, buying at £14 now seems a distant prospect. When the downturn began I sold my entire holding (gulp - I've only once before held such a large stake in one company) in stages at prices around £14, then very nearly bought it all back again just below £13. It shows how attached one can get to a share that, while the present downturn in the markets looks pretty nasty, I contemplated buying back into the stock at a price only 7% lower than when I sold. I suppose I had in mind the idea that in a "normal" market the possibility of selling some shares, then buying them all back a few days later for 7% less money, would be a really good deal. However, whatever risks the current market involves, and there are many, I don't see missing a sudden surge of 10% up as being among them. I've reinvested none of the cash I have from CGI, but I think that most, perhaps all, of it will go back into the company in due course. Whereas last month I was moderately confident that I'd be buying again at around £13, now I have no idea what would be the level at which I'd feel comfortable about buying. I'm happy with the idea of just having the cash in the bank for a month or two, since there's surely a far greater downside than upside risk at present.
toriel
23/7/2007
14:19
All IMHO: It seems to be testing the resistance at around £15 set up in 2006. If it gets past it, who knows where it will go, but probably NAV will hold it. Maybe this explosive rise is overdone and it will fall back to about £14 before resuming the steadier progress.
one for the money
23/7/2007
10:12
This has been a strong performer for me, doing better since January than almost everything else I hold, and is now my largest holding bar one. The fall of sterling against the Canadian dollar looks as though it may temporarily have come to a halt, but though the pound has strengthened against the US dollar I expect it to resume its downward path against the Canadian currency in due course. CGI is still oputperforming the Canadian market, which has itself been strong. Having seen near 25% gains so far this year it's hard to imagine we'll see anything quite so strong in the second half, but I think the chances are good that CGI will be up from the present level in sterling terms by the end of the year. As raxzi points out, the discount is at 16%, which is high for CGI in historical terms, but also high in terms of the value that this share offers, I think. I haven't bought CGI for the last six weeks or so, hoping for a brief fall to around £14, but this does not seem to me to be the time to sell, despite the climb from near £11 in March.
toriel
17/7/2007
06:56
sp improving but still at 16% discount to nav. CAD has strenthened against the pound. http://www.advfn.com/p.php?pid=staticchart&s=FX%5EGBPCAD&p=5&t=36
raxzi
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...
toriel
18/5/2007
08:41
Looks like it is starting to move. Cheers john
one for the money
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.
toriel
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
one for the money
24/11/2006
21:19
Held this for some months and it is a long term holding.
rogerbridge
16/10/2006
15:37
Thanks, oftm. A good rise today - most encouraging.
clusium
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
one for the money
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.
clusium
03/10/2006
08:15
Yes; should get back to £13 with no trouble Cheers john
one for the money
Chat Pages: 6  5  4  3  2  1
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