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MCT Middlefield Canadian Income Pcc

128.50
0.00 (0.00%)
Last Updated: 11:10:27
Delayed by 15 minutes
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
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 128.50 23,480 11:10:27
Bid Price Offer Price High Price Low Price Open Price
128.50 129.00 128.50 128.50 128.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 2.99M -1.66M - - 136.78M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:03:39 O 31 128.50 GBX

Middlefield Canadian Inc... (MCT) Latest News

Middlefield Canadian Inc... (MCT) Discussions and Chat

Middlefield Canadian Inc... Forums and Chat

Date Time Title Posts
25/9/202409:44Middlefield Canadian Trust166

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Middlefield Canadian Inc... (MCT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:03:39128.503139.84O
11:03:39128.505,0006,425.00AT
10:59:49125.5045.02O
10:59:49125.503240.16O
10:41:28126.363,9524,993.84O

Middlefield Canadian Inc... (MCT) Top Chat Posts

Top Posts
Posted at 21/11/2024 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 128.50p.
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 128.50p
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 Net
Asset Value per share was 122.58 pence (including accrued income).
Posted at 11/1/2021 14:14 by skyship
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
Posted at 11/1/2021 12:41 by tiltonboy
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!
Posted at 10/1/2021 14:32 by skyship
CGI continues to outperform MCT:


free stock charts from uk.advfn.com
Posted at 14/11/2020 20:39 by tiltonboy
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.
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.
Posted at 14/11/2020 13:52 by skyship
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
Middlefield Canadian Inc... share price data is direct from the London Stock Exchange

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