Middlefield Canadian Inc... Share Discussion Threads

[dsct] 14/11/2020 13:37

Hello Gents and Ladies,

MCT has recently come to my attention, probably due to incorrect information on ADVFN, but upon a brief initial glance, I've decided to look into this further.

Whilst I'm doing some research, I would be grateful if anyone with more knowledge of this company could provide a brief overview, and maybe more importantly, any bearish signals, to counter my current bullish view.

ADVFN are incorrectly showing a Mkt Cap of £1.89m, due to there being only 2.28m shares in issue, and this skewed the financials/ratios shown here.

For me now, the discount to NAV, North American diversity and the 6% divi paid quarterly are what has initially interested me. I also hold DUKE and SONG, both quarterly divi, so this may possibly be a worthy addition to the income/compound growth section of my portfolio.

I will be looking through their accounts, RNSs, website etc. as part of my research.

Thanks in advance.

[escapetohome] 18/9/2020 18:32

Net Asset Value

As at the close of business on 17 September 2020 the estimated unaudited
Net Asset Value per share was 96.44 pence (including accrued income).

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

[escapetohome] 01/9/2020 21:44

Net Asset Value

As at the close of business on 28 August 2020 the estimated unaudited
Net Asset Value per share was 95.94 pence (including accrued income).

[escapetohome] 03/8/2020 17:12

I can see why!!
,!

MCT has 4.3 % weighting of its portfolio in Microsoft. Microsoft jumped 5% on news of tic tok american arm purchase.

Portfolio Summary
Top 10 Holdings
Name Sector % of NAV
Northland Power Utilities 5.3%
CIBC Financials 4.8%
Brookfield Renewables Utilities 4.5%
Enbridge Pipelines 4.4%
Microsoft Information Technology 4.3%
Sun Life Financial Financials 4.3%
BCE
McDonald's
WPT Industrial REIT Granite REIT
Communication Services 4.1% Consumer Discretionary 3.7% Real Estate 3.6% Real Estate 3.5%

[taylor20] 03/8/2020 08:59

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 17:49

An artificially high close on Friday flatters performance

[skyship] 02/8/2020 13:30

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 11:24

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 21:43

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 21:42

Up almost 10 % since thAt comment.

[escapetohome] 01/8/2020 21:41

Yup why bother with MCT indeed?

[escapetohome] 20/7/2020 13:04

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 07:17

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 08:25

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 19:32

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 14:02

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 18:10

I had another top up.

[neilyb675] 06/6/2020 07:49

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 15:59

Very good addition I would say.

[steve3sandal] 29/5/2020 13:59

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 13:35

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 08:55

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

[neilyb675] 30/4/2020 11:13

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