Middlefield Canadian Inc... Share Discussion Threads

[petewy] 31/3/2022 09:07

I'm in for a safe bet and a good dividend

[flyer61] 20/10/2021 15:24

Thinking the share price appreciation is being based on the Canadian economy and it's exposure to commodities.

[tournesol] 15/10/2021 17:28

Nice to see another baby step in the right direction.

[tiltonboy] 20/5/2021 12:41

Nice to see the discount narrowing

[neilyb675] 17/5/2021 14:19

As at the close of business on 14 May 2021 the estimated unaudited Net
Asset Value per share was 122.58 pence (including accrued income).

[contrarian joe] 13/4/2021 07:21

Been very strong of late due to their cyclical nature,bond yield rising are advantageous,completely different mandates to CGI.Realy annoying & lazy when comparing yield & discount over short periods.

[8w] 24/3/2021 12:14

Has this been recommended somewhere today?

[colonel a] 11/1/2021 16:46

Skyship,
Certainly keen on any analysis/comparisons like this but don't see where you get the 4.1% yield on CGI.
From ADVFN financials I see 82 Canadian cents ~ 2.5% ??

[skyship] 11/1/2021 14:14

Tilts - I take your point; however:

MCT: Yld 5.4%, disc 13%; NAV over 12m = -7.2%

CGI: Yld 4.1%, disc 33%; NAV over 12m = +37.4%

Well, I know where I'm happy to be. Still, I won't post those comparisons anymore.

GLA

[tiltonboy] 11/1/2021 12:41

CGI mandate is to invest in long-term growth...and income

MCT is to provide a high level of income...with capital growth

Totally different!

[skyship] 11/1/2021 11:33

As a single choice of a Canadian trust to hold, then worthwhile pointing out that people have a choice. I suspect the mandate is pretty similar...

[tiltonboy] 10/1/2021 16:03

SKYSHIP,

They have different mandates. You would expect them to.

Not certain why you are comparing them!

[skyship] 10/1/2021 14:32

CGI continues to outperform MCT:


free stock charts from uk.advfn.com

[rcturner2] 07/1/2021 13:12

The dividend history is available here:

hxxp://www.middlefield.co.uk/mcit07.htm

[digitaria] 07/1/2021 12:52

Now declared. 1.275p, you'll be astonished to hear.

"The dividend will be paid on Friday, 29 January 2021 to Shareholders of record on Friday, 15 January 2021. The ex-dividend date is Thursday, 14 January 2021."

[unastubbs] 06/1/2021 07:58

does anybody know about the dividend this year? last year it went ex-div on 10 jan, i can't find anything about when the next div is... tq

[escapetohome] 20/11/2020 16:14

Nice very very nice.

Just over 100p asset value.

[escapetohome] 20/11/2020 16:13

Middlefield Canadian Income PCC Net Asset Value

Middlefield Canadian Income PCC

Middlefield Canadian Income - GBP PC

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

Legal Entity Identifier: 2138007ENW3JEJXC8658

Net Asset Value

As at the close of business on 19 November 2020 the estimated unaudited
Net Asset Value per share was 100.58 pence (including accrued income).

[neilyb675] 14/11/2020 20:41

Consider:

BRNA

NAIT

[tiltonboy] 14/11/2020 20:39

dsct,

You can't compare CGI and MCT as they have different mandates. Given the choice I prefer CGI. I hold both, so happy that one complements the other. In terms of discount, CGI is always wide, whereas MCT have traded at a tighter discount.

[dsct] 14/11/2020 17:41

Many thanks for your prompt replies.

@tiltonboy - I have glanced at their portfolio, and note the top 10 holdings account for 42%. These large cap holdings would also provide diversity from my usual small cap investments.

@escapetohome - I don't mind an oddity lol (as per DUKE and SONG), and I see people not being aware as a bonus. The North America exposure would also diversify my portfolio.

@SKYSHIP - I read this board before posting, and noted your CGI alternative. As you show, MCT has underperformed CGI, but this may be a reason to prefer MCT - catch-up prospect. MCT would need to increase approx. 50% to bring in line with CGI in your chart, although obviously not as simplistic as that.

I have my own spreadsheets to analyse P&L, B/S, and C/F reports, and may now compare MCT and CGI to show any stand-out differences to investigate.

I suppose one alternative would be to split my potential investment between the two.

Thanks again.

[escapetohome] 14/11/2020 13:59

I will also take a look at CGI.

[escapetohome] 14/11/2020 13:58

Really like this IT, been a holder for many years.

The only bearish point im aware of is that its a bit unusual, a bit of an oddity. Middlefield are a canadian or us company fund manager , but this is listed on uk market. So not home grown. People are not aware of this trust , its an unknown quantity, undiscovered.

Great assets, pleased to be here.

[skyship] 14/11/2020 13:52

dsct - all I would advise, is what I have been advising on this thread for the past two years - take a long hard look at the far better value Canadian & General Investments (CGI). They have massively outperformed MCT, yet still trade on a 31% NAV discount versus the 15% here at MCT!


free stock charts from uk.advfn.com

[tiltonboy] 14/11/2020 13:49

dsct.

Research their portfolio, and take a view on markets.

I like MCT, there is an attractive yield, and I believe the discount is wider than it should be.