money-2724241

Canadian General Investments

LN: CGI

CA$503.8m market cap

CA$24.15 last close

CGI’s investment objective is to provide better-than-average returns to investors by investing in a diversified portfolio of Canadian corporations. It aims to achieve this through prudent security selection, timely recognition of capital gains/losses and the selection of appropriate income-generating investments.

Investment summary

Canadian General Investments’ (CGI) manager Greg Eckel is optimistic on the outlook for Canadian equities in 2019, particularly if there is resolution to the US-China trade dispute, along with clarity about the revised North American trade agreement. The manager says that while there are macro issues to consider, the Canadian equity market looks reasonably valued and he is encouraged by the outlook for corporate earnings, judging by the US Q119 results so far. Eckel is continuing to ‘stay true to CGI’s heritage’, following a bottom-up, low portfolio turnover approach, and is finding interesting new investment opportunities. The company has a very strong track record; its NAV has outperformed the S&P/TSX Composite index over the last one, three, five and 10 years. CGI’s total dividend is on track for its first growth in seven years, and offers a prospective yield of 3.1%.

Share price graph
Price performance
%
1m
3m
12m
Actual (2.3) (1.4) (6.2)
Relative* (4.2) (4.1) (10.0)
52-week high/low C$26.2/C$19.7
*% relative to local index
Key management
Vanessa L. Morgan Chairman
Jonathan A. Morgan President and CEO

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