Middlefield Canadian Inc... Share Discussion Threads

[digger61] 22/7/2016 17:30

Trade of 1M shares went through today at 91p. Somebody likes these besides me!

[digger61] 13/7/2016 20:40

Yes still quite a significant discount on offer here.

[rcturner2] 13/7/2016 10:05

Significant director purchase yesterday.

[digger61] 07/7/2016 21:32

Noticed also the discount to NAV has widened again. Strange reall as the top ten Companies are mainly US mega caps...

[neilyb675] 07/7/2016 16:27

Middlefield Canadian Income PCC is pleased to announce that the board of directors has declared a quarterly dividend of 1.25 pence per Share with respect to Middlefield Canadian Income - GBP PC (the "Fund").

The dividend will be paid on Friday 29 July 2016 to Shareholders of record on Friday 15 July 2016. The ex-dividend date is Thursday 14 July 2016.

[rcturner2] 04/7/2016 08:05

Agree digger, I thought the pound tanking was a realistic prospect when I bought, so I deliberately chose an overseas trust.

[digger61] 04/7/2016 08:03

This used to trade at a premium to assets so probably has some way to go.

Managed to buy 10K at the opening on the Friday after Brexit. The portfolio is unhedged and the NAV takes a day to update so was certain of significant upside.

Still cheap with a sound yield, also like the fact you are getting USA exposure as well and at a discount, what's not to like!

[rcturner2] 01/6/2016 08:05

I bought in today. Seems like a reasonable entry point, with a decent yield (6%) and a fairly large discount (15%).

[gopher] 22/2/2016 18:59

Bought in today for the yield.

The website gives the clue that that the managers have rebalanced the portfolio away from resource and mining stocks, with the devaluation of the canadian dollar it might just be the stock could rebound

[skyship] 31/1/2016 10:34

As I said in Post No. 26 above: "For a shorter term profit from a trust, take a look at LMS."

LMS duly announced their Tender at a c30% premium to the market price. Overall most of us banked a quick 10%-12%.

Playing the liquidating trusts can be a profitable strategy; though of course with the occasional hiccough. Take a look at the SL thread.

Current best buys are:

# MTH @ c150p ahead of the Finals in c5weeks time

# LMS (again) @ c68p ahead of their Finals in c6weeks time

[neilyb675] 30/1/2016 13:05

from todays Telegraph:

"But perhaps the most important lesson to glean from the past 30 years of stock market crashes is that even those heavy falls in October 1987 ended up being little more than a stumble in the market’s long-term rise.

The message here is that those who hold their nerve, investing steadily and regularly, should be able to ride out the storms, particularly when you consider the added power of reinvesting dividends."

[clausentum] 30/1/2016 09:17

A write up in the Telegraph should bring in some new interest.

[skyship] 02/11/2015 15:35

Strewth, MCT has been a seriously poor performer since last dropping in here. Not helped by a 10% fall in the currency; a 14% fall in the NAV and an understandable widening of the discount. BPM hasn't exactly set the world alight; but with hindsight a switch would have been a very good move!

Still, at this level (77.5p) MCT may finally now be good value.

For a shorter term profit from a trust, take a look at LMS. I'm expecting the next Tender before the year end (possibly as soon as next week). Once announced there should be a quick 10% mark-up. Sp now @ 73p versus an NAV of c95p. All past Tenders conducted at NAV level. This time around there could well be a 35% Tender.


free stock charts from uk.advfn.com

[neilyb675] 02/11/2015 12:04

Div reinvested @ 78p

[neilyb675] 29/5/2015 09:01

Jan 76 actually.

I do consistently grow my PF by dint of having set my divi option to auto-reinvest. I hold quite a few quarterly div payers, the best being BRCI. I also hold some very speculative AIM shares, which I am prepared to be patient with......very patient. As long as my PF is growing I am a happy man.

[skyship] 29/5/2015 08:30

Ah - sorry, I had rather assumed perhaps born Jun'75. Got that wrong!

Do you manage to consistently grow your portfolio; or are you a random trader? I see you like tertiary resource stocks; and we all know the reputation there. So if you consistently make money from that sector you are a pretty rare animal that others might learn from...

[neilyb675] 29/5/2015 08:23

SKYSHIP

no not new to "this game" been playing for a long time

[skyship] 29/5/2015 07:25

Neily - please don't take this as patronising (may sound it, but not intended I assure you) but are you relatively new to this game? I see you joined ADVFN as recently as 2012...

[skyship] 28/5/2015 13:55

Certainly a whole lot cheaper than when I last posted here (down 17%); but a 6% NAV discount doesn't make them cheap IMHO...

Take a look at some of the Private Equity trusts, such as BPM on a 30% NAV discount - now that IS cheap...

[neilyb675] 28/5/2015 13:08

cheap yielder

[skyship] 05/6/2014 11:40

Hi ASMO - sorry, tax not my thing! Anyway, surely now time to say goodbye to these after the excellent recent rise all the way back up to underlying NAV.

Depending upon your views on the currency, perhaps switch into CGI for the 32% NAV discount. Coverage now by Panmure and also Edison Investment Research as of this week - free Report on their website.

[asmodeus] 04/6/2014 18:20

Sky - or anyone - have you had the letter from Kleinwort Jersey regarding dividends and tax credits? I don't fully understand it, but have written to them to explain that if dividends were paid gross, as stated on div slips, and they are now being paid net, and, indeed, all divs are being treated as such since 2011, there is no longer any incentive for a standard-rate tax-payer such as me to continue to hold them in an ISA. But I don't understand how they can suddenly say that divs paid gross were in fact net! Do you understand it?

[asmodeus] 16/9/2013 16:10

What are you feelings now, Sky? I really wish I had sold back in May! This is my worst-performing holding this year.

[skyship] 30/5/2013 09:04

Yes, but the main point is that the recent weakness should not be construed as disturbing, just a routine correction back to the rising 200day MA - the pink line.