Middlefield Canadian Inc... Share Discussion Threads

[thamestrader] 11/12/2024 12:03

Owch! Buying opportunity or has the bottom really just fallen out of Canada's world. The words Trump and tarrifs spring to mind, but they must at least be partly priced in already.

[wmb194] 25/9/2024 09:44

Yes, Canada in general has done well. I was buying quite a lot at around the 102p level. Wish I’d bought more… We’ve been here before though, getting to c.120p for it to then tank. GBP has strengthened a lot vs CAD so this is a headwind.

On the other hand a few days ago it was announced that Saba Capital had increased its effective stake in MCT via swaps to 10% from 5%. This is the US closed end fund that for the past year or two has been building stakes in many UK ITs as it says it sees value here.

[jezreel] 25/9/2024 09:03

A year since the last post on Middlefield!Well it's has a good run the last couple of months ...

[fabius1] 23/9/2023 11:03

Thanks all for the feedback. Looking for Canadian 'value' but I suspect we have further downside. Don't really want exposure to US 'froth' so sitting on my hands for now.

[peckers56] 22/9/2023 08:00

FABius1 - liked the IM, but not the trust.

[fabius1] 21/9/2023 13:04

SKYSHIP. Thanks.

[tiltonboy] 21/9/2023 12:53

Given the differentiated portfolios I hold both. The discount at CGI is indeed wide, but it has been for a long time

[skyship] 21/9/2023 12:29

FABIUS - IMO CGI a better buy - trading at a 36% NAV discount versus just 14% here. Yield much the same at 4.5% versus 4.8% here..

[fabius1] 21/9/2023 11:41

p56. Out of interest, I am looking at exposure to Canada. It is a tiny IT. Were you favourably impressed and are you likely to invest in the fund and have you looked at other alternatives?

[peckers56] 01/6/2023 15:05

Am not a holder. However, turned up at today's AGM (held at it's broker's offices - Investec) and asked to attend as a guest so that I could hear the "expected" presentation by the investment manager (i.e. Dean Orrico). Panic ensued. There was no prepared presentation, nobody was expected to come, etc. However, after the official meeting, Mr Orrico (who had flown in from Canada) came and spoke to me 1-1 for just over 5 minutes. This was much appreciated and I found it very useful.

[tiltonboy] 05/1/2023 12:03

Nominal increase in the dividend, but at least it's the first increase since 2016

[flyer61] 14/12/2022 15:36

Trading buy.

[jezreel] 14/12/2022 00:20

Discount widening

[jezreel] 14/12/2022 00:16

Down heavily this week. Not sure why

[petewy] 14/9/2022 08:41

Half year report. Looking good

[flyer61] 08/6/2022 10:53

Smart move!

[citytilidie] 08/6/2022 10:04

Shires is a great trading play. I must have been in and out over 50 times now. I’ve also just sold and will wait for the next down spell

[flyer61] 06/6/2022 17:05

Sold more at just over 140p today. Also exited Shires...small trust now at a premium, time to be patient!

[taylor20] 06/6/2022 16:59

In the past has acted more like a fixed income instrument, with a very steady and reliable yield, so buying below 90p and selling around 110p has usually been the order of the day. This departure above 130 is definitely out of the ordinary perhaps due to the bigger exposure to the US?

I'm more inclined to reduce at these prices than buy more, sold some recently at 136p. Reversion to mean a key driver on this one.

Wish I'd taken my own advice on some of my other FI (like GACA).

[citytilidie] 02/6/2022 14:42

Just why the Hell did I sell 30000 at 90 a year ago. Thankfully I still hold a few.
Mainly because it’s involved in mining which is having a great run, plus they are trading at too big a discount. Bit of catch up at last

[flyer61] 02/6/2022 12:48

Big spike up yesterday…any thoughts?

[flyer61] 15/5/2022 06:05

Thinking of selling. Not happy the fund has completely missed the Commodity boom in Canada. A lot of the appreciation in share price is down to currency movements. Lack of increase in dividend combined with 1.4 per cent fee is also seeing me look for the exit.