Canadian General Investm... Share Discussion Threads

[quepassa] 19/1/2021 08:50

Dividend history (since 2008) below:-

hXXps://www.mmainvestments.com/closed-end-funds/cgi/dividends


Shares on the Toronto Exchange are paid can$ divi's.

Shares on the LSE will be paid the can$ equivalent in sterling.


It is to be noted just how reliable their dividend track-record has been.

Their stated intention; "Henceforth, it is the Board’s intention, when prudent, for CGI to provide its common shareholders with steady to rising quarterly dividends. ".

ALL IMO. DYOR.
QP

[renewed1] 19/1/2021 08:20

QP thanks for bringing CGI to my attention...although I appreciate this is a growth fund is the divi paid in uk pounds or canadian dollars? I am assuming the divi is in the order of 20ish canadian cents per quarter.

[tiltonboy] 07/12/2020 19:38

I think you can ignore the discount; highly unlikely it will narrow markedly....although I would never have dreamt that HRI would go to a premium, as it did briefly today.

[deadly] 07/12/2020 18:22

Yes strong price increases recently and still on 32% discount.

[tiltonboy] 26/11/2020 20:01

Up another 60 cents in Canada. A rise of nearly 10% in a week

[quepassa] 26/11/2020 05:51

yes. it does. and great divi.
but what goes unnoticed is exceptional portfolio of investments.
the big discount remains unmerited

[tiltonboy] 25/11/2020 21:53

Agreed. I've been a holder for about 5 years, and it just keeps delivering.

[deadly] 25/11/2020 21:38

Yes discount has increased slowly over the years, but I'd rather buy this with that discount and with its consistent performance. It owns a lot of US tech stocks that are held at a premium elsewhere e.g ATT, MNL.

[tiltonboy] 25/11/2020 21:30

Discount has been between 30-35% for years. Not certain what will change that. Performance deserves a far better rating.

[deadly] 25/11/2020 21:11

Overlooked this one. Continuing very good performance and still on over 30% discount!

[gopher] 26/5/2020 16:38

I own this but the buy/sell spread is appalling.

The top ten portfolio list is very acceptable with lots of large tech/fintech

[rcturner2] 28/8/2018 10:14

Great share price performance here.

[rcturner2] 28/6/2018 06:19

I bought into this yesterday.

[tiltonboy] 07/6/2018 15:00

In C$ terms, the CGI share price is now back to where it was on 7th June 2008...ten years to the day. Difference now is the share price is on a 32% discount to NAV!

[tiltonboy] 06/3/2018 18:45

A core portfolio holding for me.

[quepassa] 06/3/2018 18:40

Recommend that you look at their portfolio mix and in particular their top ten holdings.

Scroll up the page and you will see that just yesterday 5th. March they produced a Portfolio Update. Click on the news release.

Not many places on earth where you can buy Amazon Inc, Shopify, Bank of Montreal and Nvidia at a 30% discount!!

It's up 50% in two years. Not many Investment Trusts can boast that performance.

I consider this an overlooked hidden gem with some astonishingly good portfolio holdings.

Good Luck.


ALL IMO. DYOR.
QP

[vulgaris] 06/3/2018 18:15

I keep looking at this one for the SIPP.

The discount is attractively large at around 30%.
It appears well run and recent performance is good.
It's an interesting mix of mineral extraction, industrial and banking.
Canada diversifies risk away from usual investment hotspots.
The 3% yield is respectable.

But I hesitate because
The spread wipes out the first year's divi. And some.
Canada is vulnerable to any trade war that Mr Trump unleashes.

[quepassa] 06/12/2017 07:35

STUNNING PERFORMANCE.

UP 33% OVER TWELVE MONTHS.

WELL DONE TO THE CANGEN TEAM - AND KEEP IT UP PLEASE FOR 2018!!

READ THIS RNS RELEASED YESTERDAY 5th DECEMBER:


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 November 30, 2017 was $32.37, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.5% and 19.0%, respectively. These compare with the 7.8% and 9.6% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The closing price for CGI's common shares at November 30, 2017 was $23.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 26.5% and 33.6%, respectively.



ALL IMO. DYOR.
QP

[tiltonboy] 16/12/2016 11:30

Trust law in Canada prevents them from buying in their own shares.

[skyship] 16/12/2016 10:46

Tilts - It seems easy enough to get an exemption when requested - as LMS did recently through not participating in the last Tender. IMO they would be granted an exemption as plainly in shareholders' best interests.

[tiltonboy] 16/12/2016 09:33

SKYSHIP,

There is no DCM because they can't buy back their own shares.

We trade in Canada via WINS who charge us a couple of cents to transact.

[tiltonboy] 16/12/2016 09:19

Why are you ramping CGI on the SMT thread!

Did you trade in Toronto or on LSE? Spread on LSE is ridiculous, and gave the broker a bollicking in front of the managers when I met the company recently.

[skyship] 16/12/2016 09:19

QP - 0ne big proble here - the family management group control CGI, so it has always been a bit of a value trap as the managers are in effect being paid to manage the family assets; and they have a different agenda to outside shareholders. Hence very parsimonious with the dividend; AND NO DISCOUNT CONTROL MECHANISM.

There are times when the discount becomes excessive and tempting. A turn can then be made provided the currency doesn't move against you.

Impossible to deal in any meaningful way in the LSE-listed CGI. You have to do so in Canada; and pay excess fees to do so.

All in all.....value at times....but not quite the plain sailing it appears.