Middlefield Canadian Inc... Share Discussion Threads

[taylor20] 03/8/2020 09:59

I treat it almost like a fixed income share, so buying when heavily discounted, selling when at a premium. Works for me, plus picking up the yield.

As a result I was not particularly happy with their change to include a higher US weighting.

[tiltonboy] 02/8/2020 18:49

An artificially high close on Friday flatters performance

[skyship] 02/8/2020 14:30

escape - I didn't vote you down; but the problem remains that your case is a very weak one:


free stock charts from uk.advfn.com

[escapetohome] 02/8/2020 12:24

Bit silly really the voter down.

I posted some strong credible facts why i like MCT.

The shares have increased some 10 % since then

Over the same period CGI has fallen or at best not increased.

I rest my case.

[escapetohome] 01/8/2020 22:43

Net Asset Value

As at the close of business on 30 July 2020 the estimated unaudited Net
Asset Value per share was 93.86 pence (including accrued income, which
excludes an amount of 1.275 pence per share in respect of the quarterly
dividend to be paid on 31 July 2020).

[escapetohome] 01/8/2020 22:42

Up almost 10 % since thAt comment.

[escapetohome] 01/8/2020 22:41

Yup why bother with MCT indeed?

[escapetohome] 20/7/2020 14:04

Im very firmly sticking to MCT, im happy with them. I wouldnt buy something which is out performing in the current environment.

As well as being able to buy into quality american companies ( even though Canadian focussed) at a nice discount , MCT has a good holding in infrastructure assets.

Its was really satisfying to see one of their infrastructure investments being taken over a few months ago, and this resonated well with me.

Dividend here looks good.

Im a buyer of this stock, dripping in every few months.

[escapetohome] 20/7/2020 08:17

The idea was with this trust you would get a lot of exposure to US companies, not just canadian, but at a discount.

[skyship] 19/7/2020 09:25

I know I've posted on this before, but really, why bother with MCT when you should be holding CGI. MCT a massive underperformer:


free stock charts from uk.advfn.com

[escapetohome] 17/7/2020 20:32

As at the close of business on 16 July 2020 the estimated unaudited Net
Asset Value per share was 96.46 pence (including accrued income, which
excludes an amount of 1.275 pence per share in respect of the quarterly
dividend to be paid on 31 July 2020).

[escapetohome] 16/6/2020 15:02

As at the close of business on 15 June 2020 the estimated unaudited Net
Asset Value per share was 95.00 pence (including accrued income).

[escapetohome] 15/6/2020 19:10

I had another top up.

[neilyb675] 06/6/2020 08:49

As at the close of business on 04 June 2020 the estimated unaudited Net
Asset Value per share was 97.28 pence (including accrued income).

[neilyb675] 29/5/2020 16:59

Very good addition I would say.

[steve3sandal] 29/5/2020 14:59

Bought in today! Quite like the churn which has been undertaken and looks like quality large cap positioning throughout and a Income pretty secure. Discount has widened so a kicker if things stabilise. Spread is wide, had to pay 80p, but less important I guess if I hold for a long time. Into the SIPP which has my income tilt. GLA.

[neilyb675] 28/5/2020 14:35

As at the close of business on 27 May 2020 the estimated unaudited Net
Asset Value per share was 96.47 pence (including accrued income).

[neilyb675] 28/5/2020 09:55

NAV 95p as of yesterday, can buy currently at 81p.

[neilyb675] 30/4/2020 12:13

Dividend received today (awaiting auto re-investment).

[neilyb675] 27/1/2020 13:59

As at the close of business on 24 January 2020 the estimated unaudited
Net Asset Value per share was 120.12 pence (including accrued income,
which excludes an amount of 1.275 pence per share in respect of the
quarterly dividend to be paid on 31 January 2020).

[neilyb675] 16/1/2020 05:29

yep nice jump in NAV

[escapetohome] 16/1/2020 00:38

15 Jan
Net Asset Value

As at the close of business on 14 January 2020 the estimated unaudited
Net Asset Value per share was 118.70 pence (including accrued income,
which excludes an amount of 1.275 pence per share in respect of the
quarterly dividend to be paid on 31 January 2020).

[escapetohome] 17/12/2019 17:36

As at the close of business on 16 December 2019 the estimated unaudited
Net Asset Value per share was 114.42 pence (including accrued income).

Investments in the Company's portfolio have been valued on a closing
price basis.

[escapetohome] 17/12/2019 17:36

Im surprised this one isnt getting a little more attention.

Discount 14% or so.

[contrarian joe] 25/10/2019 20:29

Thanks for posting Escapetohome,missed that one.

Middlefield Canadian Circ Re. Positive Investee Company Update -- Acquisition Of Altagas
24/10/2019 2:45pm
UK Regulatory (RNS & others)


TIDMMCT

Middlefield Canadian Income PCC (the "Company")

(a protected cell company incorporated in Jersey with registration
number 93546)

Middlefield Canadian Income - GBP PC (the "Fund")

Legal Entity Identifier: 2138007ENW3JEJXC8658

24 October 2019

Positive Investee Company Update -- Acquisition of AltaGas

Middlefield Canadian Income PCC (MCT), the London listed Investment
Company that invests in a diversified portfolio of primarily Canadian
and US equity income securities, is pleased to provide the following
positive update concerning the acquisition of one of its core holdings.

On 21 October 2019, AltaGas Canada Inc. ("ACI" or "AltaGas") announced
that two large Canadian pension funds, Public Sector Pension Investment
Board ("PSP") and Alberta Teachers' Retirement Fund Board ("ATRF"), will
acquire the company at a price of C$33.50 per share. The C$1.7 billion
all-cash transaction equates to a 31% premium to the previous day's
closing price.

MCT's holding in AltaGas represents c. 2.5% of the Company's net asset
value. The Company has held ACI since it listed on the Toronto Stock
Exchange in September 2018 at the IPO price of $14.50 per share, and the
position has generated a total return of c. 140%.

AltaGas is a Canadian company with a diversified portfolio of
high-quality regulated natural gas utilities and renewable power assets
with long-dated contracts. ACI serves approximately 130,000 customers in
Canada with an emphasis on low carbon energy. 100% of ACI's EBITDA is
either regulated or serviced by long-term contracts. This revenue
supported its quarterly dividend payments which yielded c. 5% prior to
the acquisition.

Commenting on the Transaction, Dean Orrico, President, Middlefield
International Limited said:

"Another of MCT's portfolio companies has been taken private at a
significant premium to its last market price. Underpinned by stable and
consistent cash flows and offering investors a significant source of
reliable income, AltaGas is a good example of the high-quality companies
the Company invests in. Since its IPO, ACI has paid an attractive
quarterly dividend and maintained a conservative payout ratio while also
delivering organic growth for shareholders. These fundamental
characteristics are highly desired by institutional investors and
further validate our conviction for owning companies which exhibit
steady cash flows, growing dividends and competitive risk-adjusted
returns. The acquisition of ACI follows Blackstone's announcement to
acquire another of MCI's core holdings, Dream Global REIT, at an 18.5%
premium in September 2019."

Enquiries: