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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Middlefield Canadian Income Pcc | LSE:MCT | London | Ordinary Share | GB00B15PV034 | RED PART PREF SHS NPV |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
122.50 | 124.50 | 122.50 | 122.50 | 122.50 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 2.99M | -1.66M | - | - | 130.93M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
13:57:03 | AT | 4,709 | 122.50 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
18/2/2025 | 15:25 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
17/2/2025 | 15:51 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
14/2/2025 | 14:00 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
13/2/2025 | 13:54 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
13/2/2025 | 11:39 | ALNC | ![]() |
13/2/2025 | 10:00 | UKREG | Middlefield Canadian Income PCC - Statement re Notice of Requisition of a.. |
13/2/2025 | 09:46 | UKREG | Middlefield Canadian Income PCC - Holding(s) in Company |
12/2/2025 | 15:44 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
11/2/2025 | 16:16 | UKREG | Middlefield Canadian Income PCC - Holding(s) in Company |
11/2/2025 | 13:52 | UKREG | Middlefield Canadian Income PCC: Net Asset Value(s) |
Middlefield Canadian Inc... (MCT) Share Charts1 Year Middlefield Canadian Inc... Chart |
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1 Month Middlefield Canadian Inc... Chart |
Intraday Middlefield Canadian Inc... Chart |
Date | Time | Title | Posts |
---|---|---|---|
12/2/2025 | 17:41 | Middlefield Canadian Trust | 177 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2025-02-18 13:57:03 | 122.50 | 4,709 | 5,768.53 | AT |
2025-02-18 13:07:29 | 123.16 | 1,500 | 1,847.40 | O |
2025-02-18 12:35:49 | 123.18 | 20,000 | 24,635.72 | O |
2025-02-18 09:50:18 | 123.00 | 4,645 | 5,713.35 | O |
2025-02-18 08:45:35 | 123.15 | 4,277 | 5,267.27 | O |
Top Posts |
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Posted at 18/2/2025 08:20 by Middlefield Canadian Inc... Daily Update Middlefield Canadian Income Pcc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker MCT. The last closing price for Middlefield Canadian Inc... was 123p.Middlefield Canadian Inc... currently has 106,447,260 shares in issue. The market capitalisation of Middlefield Canadian Inc... is -. This morning MCT shares opened at 122.50p |
Posted at 12/2/2025 17:41 by saints98 Why won't it work? Better proposition than the first round of Saba proposals. This Board has allowed MCT to trade at a persistent discount and not bought back any shares. Allows some to exit at pretty much nav and those of us that want exposure to this portfolio to hold in a different vehicle |
Posted at 10/2/2025 17:02 by wmb194 Saba's now moving on MCT. The idea appears to be to convert it into an OEIC:"Saba Capital has requisitioned four trusts to try and force them to provide liquidity for shareholder by transitioning into open-ended funds. ... The hedge fund is therefore proposing a transition into an open-ended fund that would eliminate the discounts the trusts trade and provide liquidity while maintaining the same investment strategy. Rolling over an investment from a trust into an open-ended fund would not trigger capital gains tax, making it an efficient solution for investors." hxxps://citywire.com |
Posted at 02/2/2025 08:30 by wmb194 On Friday the TSX was down 1% but is still close to all time highs so rightly or wrongly that market hasn't been showing signs of panic yet. MCT's portfolio is weighted towards oil, financials and REITs so might dodge the worst of it - autos and manufacturing might be worse hit - but we'll see. Canada has announced retaliatory 25% tariffs on some US goods.The tariff on oil is to be 10% and someone on Bloomberg was saying that US refineries are reliant on the type of heavy crude that Canada produces and exports to the US - IIRC 3/4 of all oil at the main storage hub in Cushing, OK is from Canada - so they'd be surprised if US imports fell massively. Obviously with a closed ended fund the price of MCT could move differently to Canada's overall market and the constituents of the fund. It's always been fairly illiquid and probably even more so now that Saba owns 29.16% (11.54% through shares + 17.62% via "financial instruments") so it probably won't take too many people panicking on Monday to push the price of MCT lower. |
Posted at 02/2/2025 07:55 by maserat1 I agree. I am surprised the share price did not drop on Friday. |
Posted at 01/2/2025 13:45 by cruelladeville Bad news for MCT shares on Monday? Trump tariffs on Canada, Mexico and China starting today. |
Posted at 25/9/2024 09:44 by wmb194 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. |
Posted at 15/5/2022 06:05 by flyer61 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. |
Posted at 20/10/2021 15:24 by flyer61 Thinking the share price appreciation is being based on the Canadian economy and it's exposure to commodities. |
Posted at 17/5/2021 14:19 by neilyb675 As at the close of business on 14 May 2021 the estimated unaudited NetAsset Value per share was 122.58 pence (including accrued income). |
Posted at 14/11/2020 17:41 by dsct 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. |
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