Share Name Share Symbol Market Type Share ISIN Share Description
Middlefield Canadian Inc Tst Inv Co LSE:MCT London Ordinary Share GB00B15PV034 RED PART PREF SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -1.44% 103.00p 103.00p 105.50p 103.00p 103.00p 103.00p 35,322 14:59:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 8.1 6.8 5.4 19.1 111.10

Middlefield Canadian Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
08/8/2018
17:43
Meant to post this a few days ago. Middlefield Canadian Income (MCT) also looks interesting on a 17% discount and -3.6 Z-score. It yields 5% and last month celebrated news that Enbridge (ENB.TO), the Canadian oil pipeline operator in which it has a 5% weighting, had received approval from the state of Minnesota for its proposed replacement of the Line 3 US-Canada piepeline. Fund manager Dean Orrico said once completed in the next two years the new pipeline would boost Enbridge's dividends to the fund.
contrarian joe
19/7/2018
10:58
1.275 pence per Share with respect to Middlefield Canadian Income - GBP PC (the "Fund"). The dividend will be paid on Tuesday, 31 July 2018 to Shareholders of record on Friday, 13 July 2018. The ex-dividend date is Thursday, 12 July 2018.
neilyb675
03/7/2018
07:06
Commenting on this positive development, Dean Orrico, President, Middlefield International Limited said: "We are delighted by the news that Enbridge has been granted this approval which represents a major positive development in the proposed Line 3 project. We believe that the proposed project will drive increased cash flow to support dividends payable by Enbridge after project completion over the next 18 to 24 months and note that the market has responded favourably to the developments with a 10% increase in the equity price of Enbridge since 27 June 2018. Enbridge is currently the largest portfolio holding of MCT and represents an ideal stock to support our investment strategy of providing investors with access to a diversified portfolio of primarily Canadian equities providing long term, reliable income. To date, our investment in Enbridge has seen a price appreciation of 11% with the potential for additional upside as the company continues to execute on its other strategic objectives. Enbridge also pays a dividend of approximately 6% per annum with management forecasting dividend increases of 10% per annum over the next three years. The performance of Enbridge validates our investment strategy and supports the positive view of the North American pipelines sector which also includes other MCT holdings such as Pembina Pipeline Corporation (TSX:PPL, NYSE:PBA)."
neilyb675
24/5/2018
21:23
still large discount.... Net Asset Value As at the close of business on 23 May 2018 the estimated unaudited Net Asset Value per share was 112.13 pence (including accrued income). Investments in the Company's portfolio have been valued on a closing price basis.
neilyb675
06/4/2018
17:20
As at the close of business on 05 April 2018 the estimated unaudited Net Asset Value per share was 106.17 pence (including accrued income). Investments in the Company's portfolio have been valued on a closing price basis.
neilyb675
05/4/2018
12:25
Middlefield Canadian Income PCC is pleased to announce that the board of directors has declared a quarterly dividend of 1.275 pence per Share with respect to Middlefield Canadian Income - GBP PC (the "Fund"). The dividend will be paid on Monday, 30 April 2018 to Shareholders of record on Friday, 13 April 2018. The ex-dividend date is Thursday, 12 April 2018.
neilyb675
30/3/2018
09:25
10%+ discount. Time to add imvhpo
neilyb675
30/3/2018
09:24
As at the close of business on 28 March 2018 the estimated unaudited Net Asset Value per share was 103.85 pence (including accrued income).
neilyb675
29/3/2018
14:51
I'm out the NAV drooped and share price hit 90p my stop. (In TRIG)
petewy
19/3/2018
17:10
Thanks Neil
petewy
19/3/2018
16:36
As at the close of business on 16 March 2018 the estimated unaudited Net Asset Value per share was 106.59 pence (including accrued income).
neilyb675
16/1/2018
19:43
Joined you guys this morning,looks a well run fund with a decent discount,hoping they reduce their gearing a bit with the sale of those assets.
contrarian joe
14/1/2018
16:01
Thanks Tilton.
petewy
11/1/2018
14:50
Good news. They will get an uplift of 20% on their holding. They need to invest the proceeds well though.
tiltonboy
11/1/2018
14:18
Middlefield Canadian Income's investee company Pure Industrial Real Estate Trust (PIRET) has entered into an arrangement with an affiliate of Blackstone Property Partners under which Blackstone will acquire all of the outstanding trust units of PIRET. The units are being bought for $8.10 in an all-cash transaction valued at $3.8 billion including debt. Good or bad news?
petewy
06/7/2017
22:01
Middlefield Canadian Income PCC is pleased to announce that the board of directors has declared a quarterly dividend of 1.275 pence per Share with respect to Middlefield Canadian Income - GBP PC (the "Fund"). The dividend will be paid on Monday, 31 July 2017 to Shareholders of record on Friday, 14 July 2017.  The ex-dividend date is Thursday, 13 July 2017. 
neilyb675
28/6/2017
12:47
Added✔
neilyb675
26/4/2017
15:53
Middlefield Canadian Income (MCT) is listed on the Main Market of the London Stock Exchange. It aims to invest in a diversified portfolio of Canadian and selected US companies that are able to pay high sustainable or growing dividends and have the potential to generate long-term capital growth. On a sector basis, the trust currently has high exposure to the pipelines, power & utility and real estate sectors. MCT is benchmarked against the S&P/TSX Composite High Dividend Index, which it has outperformed over one, three and five years. MCT currently pays a regular quarterly dividend of 1.25p, although the board has recently proposed a modest increase to 1.275p; its current dividend yield is 4.7%.   MCT's 5.4% current share price discount to cum-income NAV compares to the averages of the last one, three, five and 10 years (range of 5.4% to 13.4%). There is scope for the discount to narrow further if investor demand for Canadian equities increases or the manager continues to deliver positive relative investment performance. Investors should note that as recently as early 2015, MCT's share price stood at a premium to NAV.  
neilyb675
21/4/2017
16:04
The Board has considered the level of income generated in the first quarter of 2017 and the Investment Manager's view as to the sustainability of such level of income over the remainder of the Fund's current financial year (assuming that the Canadian dollar and US dollar exchange rates do not demonstrate a significant weakening relative to sterling over the period). Furthermore, to remain eligible for investment trust status under section 1158 of the Corporation Tax Act 2010 with respect to its tax status, in any accounting period the Fund may retain no more than 15 per cent. of its income. In light of such factors, the Board is proposing a small increase in the quarterly dividend payable, from 1.25p per share to 1.275p per share, equating to 5.1p per annum.  It is proposed that such increase will commence with the quarterly dividend payable in July 2017.
neilyb675
13/4/2017
21:35
As at the close of business on 12 April 2017 the estimated unaudited Net Asset Value per share was 119.29 pence (including accrued income).
neilyb675
13/4/2017
15:03
Today Questor in Telegraph recommends for income and narrowing discount. MMs can read!
bscuit
11/1/2017
17:10
Another nice lift at the close.
hastings
23/12/2016
12:55
Still trading at a wide discount
badtime
08/12/2016
16:51
Bid dropped from 103 at end of day
badtime
Chat Pages: 4  3  2  1
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